Munich Re‘s Natural Resources Facultative team continues to strengthen its footprint in the worldwide energy industry by allowing and partnering with our clients to implement the energy transition to meet the latest targets, an opportunity has emerged for an underwriter in our Munich office. With a responsibility for worldwide clients active in the onshore downstream energy oil & gas, petrochemical, chemical and biochemical business, you will emphasize selective underwriting of existing business and risk assessment of developing technologies such as hydrogen production or other clean tech solutions. Be part of the successful collaboration between our offices in the international organisation and the head office in Munich, driving the professional underwriting of facultative reinsurance business. Your job Underwrite global facultative onshore Energy business following our strategy (including ESG aspects) and within designated underwriting authority: Analyse risk inspections and underwriting reviews Pricing and acceptance of large and complex energy risks Control accumulation risks including natural hazards Assure compliance with group-wide guidelines Conduct negotiations with cedents and reinsurance brokers Managing, and expanding client and broker relationships Assist the implementation of portfolio analysis and compiling statistics and reports Contribute to an inspiring team environment Your profile University degree, preferably in engineering or applied science-related discipline, or a recognised professional qualification in insurance Practical experience as an engineer and/or experience as an underwriter in direct and/or facultative insurance Basic knowledge of risk assessment and pricing methods and competencies in the analysis of wordings/contracts Competencies to quickly learn other classes of business or developing technologies Strong negotiation skills and experience negotiating terms and conditions with clients and brokers Strongly pronounced sales orientation with the ability to build sustainable relationships with clients and brokers High degree of responsibility, motivation, decisiveness and self-employment Excellent social skills, ability to coordinate and work with an international team Analytical skills, capability to be innovative and creative Solution-oriented with a focused, proactive, and efficient work style Fluent business English is essential and basic German beneficial Willingness to travel 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. Apply now! Münchener Rückversicherungs-Gesellschaft Helen Holland HR Consultant Königinstraße München GERMANY Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunity employer. Severely disabled candidates will also be prioritised, if equally qualified.
Underwriter Natural Resources/Energy (m/f/d)* (Underwriter (Versicherung))