Junior Property & Engineering Underwriter

Our client, Munich Re, is one of the world’s leading providers of reinsurance, with more than 14,000 employees across the globe.

The Italian branch is looking for a Junior Property and Engineering Underwriter.

He/she will be responsible for the risk assessment and the underwriting of Property and engineering business.
Reporting to the Head of Property & Casualty, he/she writes (re)insurance business in line with underwriting authorities and client strategies.

His/her main responsibilities will be:
  • Underwriting and accepting offers, including premium calculation and fixing terms and conditions in accordance with the underwriting guidelines, internal directives, targets and client strategies.
  • Conducting negotiations and maintaining the relationship with Clients and Brokers.
  • Servicing client accounts and tapping new business potential.
  • Expanding the digital insurance proposition by improving existing products and building new ones
  • Responsibility for the administration of the contracts assigned, including exposure monitoring and liability/accumulation assessment.
  • Performing result and portfolio analysis and helping in the preparation of class-of-business reports.
  • Helping conduct seminars/workshops for internal and external training.
  • Participating in concept and strategy development in the area of responsibility; planning and controlling activities.
  • Assuming special tasks, e.g. participating / supporting local and Group wide international working groups and projects; participating in reviews, training of staff; contributing to market events.

The ideal candidate has an University degree in engineering or scientific (economics/mathematics) discipline. He/She has 2/3 years of experience in Property and/or Engineering business and knowledge of (re)insurance.

The successful candidate must be highly conversant with IT systems, proficiency with the relevant underwriting and rating tools/risk modelling and be a great team-worker, business developer, negotiator and communicator. He/she must demonstrate to have strong entrepreneurial spirit, proactivity and be able to work under pressure and with a multitasking approach.

An excellent business English level is mandatory.
The position will be based in Milan but availability to travel is required.

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Job Type
Banking and Insurance

Talk to a consultant

Talk to Laura Vismara, the specialist consultant managing this position, located in Milano
Hays, Corso Italia, 13 - Milano

Telephone: +3902888931