Overview

Senior Underwriter, Originator ERS role at Munich Re in London, United Kingdom. Epidemic Risk Solutions (ERS) develops risk-transfer solutions for epidemic and pandemic risks for non-life, life, and public sector insurance. The focus of this role will be on non-life business, with emphasis on new business origination, structuring of adapted solutions, and execution of the underwriting process in an entrepreneurial approach. This role is not filling an existing vacancy, but is intended to accelerate business development, offering flexibility in approach. We are open to candidates with an excellent business origination network and strong technical understanding, as well as candidates with a structuring background seeking responsibility for business development.YOUR JOB

Development of our global business through origination of new business via various sales channels (direct corporate business, reinsurance, reinsurance and retail brokers, and others)Assess and write epidemic risks in various lines of business with a focus on transaction structuring, risk assessment, and wordingIdentify client needs to devise and structure new or adjusted types of insurance coverage accompanied by bespoke services in cooperation with interdisciplinary team membersOriginate new customer relationships, maintain and intensify existing customer relationshipsLead negotiations of transaction terms with corporates, brokers and cedentsManage deal teams across departments to ensure a smooth underwriting processEnsure high underwriting standards for the global ERS teamContribute to expanding and refining the wording base for epidemic risk businessManage the risk portfolio, including portfolio administrationParticipate in internal approval processes for customer transactions and new product initiativesSupport market development and increase visibility of the epidemic risk business through presentations at workshops and conferencesQuality assurance of solution proposals and related documentation, including the perceived quality of customer interactionsAdvise deal teams on accumulation control via product design and appropriate risk management techniques, including structuring of distribution/offloading transactionsContribute to transforming risk in transactions of different types and legal formsAdvance processes, data and tools for transaction and portfolio management and administrationSupport claims settlements and help determine the obligation to indemnifyYOUR PROFILE

University degree in business, risk management and insurance, mathematics, law or a related subject10+ years of business origination and underwriting experience, ideally in various lines of business, with a focus on complex non-standard business (including facultative, industrial, captives or specialty lines, or structured reinsurance)Broad and strong industry network for new business origination and strategic partnershipsStrong understanding of legal implications and contract wordingsExperience and track record of independent structuring of new insurance productsProven expert knowledge of methods, tools and underwriting guidelines; capable of market standard settingWillingness to explore new product concepts and expand expertiseExperience dealing with clients at senior executive levelExceptional presentation skills, especially in communicating complex ideasAbility to communicate technical and strategic features of transactions (pricing bases, accumulation risk management, reporting impacts, etc.)Intrinsic motivation, commercial instinct, out-of-the-box thinkingEntrepreneurial attitudeStrong analytical and conceptual skills with the ability to manage several complex projects, including cross-disciplinary, international and multicultural environmentsConfident and affable with strong negotiation skills and customer focusExperience from developed as well as emerging markets preferredCommitment and willingness to travelProactive and innovative in problem solving with high personal integrity and flexibility in a rapidly changing environmentIndependent, reliable, and consistent working style, but a good team playerFluent English; additional languages are a plusAbout Munich Re

Munich Re WorldwideSeniority level

Mid-Senior levelEmployment type

ContractJob function

Finance and SalesIndustries: Insurance

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