Senior Corporate Underwriter

Location

Munich, Germany

Job type

Full-Time

Work mode

Hybrid

Job level

Professional

Job ID

10301

Company

Munich Re

Employment type

Regular

Area of expertise

Claims & Underwriting

Corporate Underwriting bundles activities for supporting high-quality risk-adequate underwriting in the reinsurance segment. Its core function is to ensure that Munich Re meets its own claim to "best in class'' in underwriting. The section "Casualty, Marine, Aviation & Cross Line" as part of Corporate Underwriting Non-Life supports the business units to profitably expand Munich Re's non-life business. The main responsibility is the implementation of the risk management and business support function Casualty, Marine and Aviation regarding the following core functions: Underwriting Strategies, Portfolio Control, Risk Assessment, Emerging Risk Identification, Quantification and Control of Man Made Accumulation Risks and certain cross-line topics.

We are looking for a Senior Corporate Underwriter with a focus on Casualty business to support our team.

Your Job

• Developing company-wide perspectives on underwriting-related topics at Munich Re
• Identifying, analyzing and following up on Casualty underwriting related topics, trends and developments with high strategic relevance for our Casualty portfolio and deriving recommendations
• Setting best practice standards, underwriting guidelines, policies and strategies for all aspects of underwriting and implementing appropriate quality assurance measures
• Supporting and advising the underwriting units on daily questions and complex issues pertaining to the underwriting of individual Casualty treaties or risks, including non-traditional reinsurance
• Analyzing and assessing complex and/or large treaties and single risks or new products
• Leading or participating in underwriting related cross-divisional projects and reviews
• Quality assurance of publications and presentations in the line of business topics
• Development of line of business relevant knowledge including design and implementation of corresponding training measures in cooperation with CU Knowledge Management
• Recognizing any need for generating and transferring Line of business specific underwriting knowledge within the Group and developing and carrying out initiatives to improve the underwriting excellence in the business units
• Stakeholder management including regular communication measures appropriate for the target groups (e.g. business units, other CU units)

Your Profile

• Recognized reinsurance expert with in-depth knowledge and several years of extensive practical experience in Casualty Treaty underwriting
• Comprehensive underwriting expertise in Liability and Motor reinsurance - both proportional and non-proportional
• Hands-on experience serving clients in developed markets, including international as well as regional clients
• Strong understanding of primary insurance products and evolving legal environments
• Ability to combine a solid technical underwriting background with excellent strategic skills, including the capacity to think holistically, conceptually, and abstractly
• Sound understanding of portfolios and portfolio steering, including Munich Re's tool and reporting landscape
• A strong passion for performance, a willingness to take on responsibility, and the ability to make sound decisions, while inspiring others with enthusiasm and commitment
• Extensive experience in project management with a proven track record of successful project execution
• Enjoyment in tackling complex and innovative challenges in a dynamic and demanding environment
• Good understanding of business challenges and solution-orientation
• Methodological and didactic skills, inter-cultural competence
• Team player with experience working alongside diverse stakeholders
• Keen interest in emerging topics, trends, and developments, such as emerging risks and exposures
• Excellent networking abilities
• Excellent command of English, both written and spoken

Application Instructions

Please apply through our online portal and upload your CV, as well as your academic reference letters, including school certificates, graduation certificates and transcripts of record for any degrees. If applicable, please also submit reference letters from any previous employers or certificates from any other qualifications you may have. We recommend writing a cover letter to tell us more about why the position and Munich Re is of interest to you.

About us

As the world's leading reinsurance company with more than 11,000 employees at over 50 locations, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk we enable fundamental change. Join us working on topics today that will concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment or even space travel.

Together we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our clients and cultivate innovation.

Sounds like you? Push boundaries with us and be part of Munich Re.

Our employees are our greatest strength. That's why we offer them a wide range of benefits. You can find some examples below.

Unlock your potential

• Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better.
• Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
• Career Mobility: we actively support career mobility, and our strong global and regional presence offers a wealth of career growth opportunities for you.

Rewards & Recognition

• Competitive salary: appropriate compensation for your high level of commitment.
• Retirement provision: state of the art in-house pension solutions.
• Work-life balance: promoting the compatibility of family and work in addition to overall work-life balance.
• Health management: focus on your physical and mental health far beyond legal requirements.

• Hybrid working: living the best of both worlds – we offer you a very flexible approach as well as the opportunity to work from abroad on an occasional basis.

• Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunities employer. Severely disabled candidates will also be prioritized, if equally qualified.

Münchener Rückversicherungs-Gesellschaft

Lisa Schneider

Consultant Talent Acquisition

Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.