Associate Underwriter

Company
Munich Re
Location
Mumbai , India

Underwriting of Property / Engineering facultative products following underwriting authorities and client strategies.

Your job:

• Acquire knowledge on Property and Engineering risks on facultative business
• Examining Insurance proposal and collecting background information and assessment of risk
• Ensure coordination with senior underwriter and help them with pre-underwriting activities (basic working in pricing tool, risk accumulations check, Nat Cat exposure check etc.)
• Determining technical premium and other goals using underwriting platforms
• Responsibility for the facultative single-risk contracts and underwriting documentation
• Together with our client Management team, develop new client relationships to achieve expected growth and profit contribution.
• Provide proactive client service to enhance the relationship and further develop the property facultative portfolio.
• Perform portfolio analyses and help in preparation of business reports Contribute to and exchanges knowledge within the team.

Your profile:

Essential : 0 to 2 year Underwriting experience, MS Excel Analytical skills, MS PowerPoint presentation skills
Academic : Graduate degree in the field of engineering and Post Graduate degree in the field of Insurance Good to Have: Industry Experience, Basic Understanding of Primary Insurance and Reinsurance Contracts.

Competencies:

• Being successful with clients : Managing client relationships, Good customer-focus and
• Striving to achieve the best possible solutions : Building and passing on the expertise
• Successful cooperation : Learning through cooperation with others, team player with a positive attitude and ability to work in a global setting, Good interpersonal skills and ability to establish and maintain effective working relations with internal and external stakeholders in a multi-cultural environment.
• Ownership : Taking ownership in the assigned projects, proactive problem-solving ability & innovative approach

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experience, perspectives and thought. This interaction is the foundation of our open culture, spirit of partnership, of how our teams are built and cultivated, and of how we are supported and developed. And at the centre of this interaction is each of us.

You will work in an environment where we aspire to think big: Change and culture are challenged. We communicate a compelling and shared purpose and direction. We pave the way towards success and see failure as learning.

You are going to experience that we care & dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders.

We aim to communicate in a clear & authentic way. We solicit feedback, ask and listen, learn and unlearn.

You will grow with your clients: Whatever our role, we support business, in a thoughtful way, to create value for our clients. We embrace new ways of working applying digitalization to provide solutions.

We lead the We: We have experience with winning and growing as a team. We inspire people to deliver a joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged.

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender, gender identity or expression, or veteran status. We are proud to be an equal opportunity workplace.

About Munich Re:

Founded in 1880, Munich Re Group is on the world's leading providers of primary insurance, reinsurance and insurance related risk solution. As pioneers in risk assessment, we promote the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber-attacks, from high net worth individual life cover to pandemic, we take care of risk, so our clients can take care of their business. We started supporting clients in the Indian market in 1951 and established our India Branch in Mumbai in 2017 to service the Non-Life and Life reinsurance markets in India, Sri Lanka and Bangladesh.