Underwriting Oversight Portfolio Manager

Underwriting Oversight Portfolio Manager

Munich Re Specialty – Global Markets, UK

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At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider for the London market, underpinned by an effective and adaptable strategy and superior products, supported by an environment that encourages people to be present, bold and curious.

• Analyse underwriting performance across classes and segments, identifying trends and key levers for maintaining or improving profitability.
• Monitor performance against plan, providing regular reporting and commentary on key outliers.
• Develop and maintain real‑time performance and analysis dashboards to support decision making at class and portfolio levels.
• Support regular performance reviews, ensuring ongoing alignment between underwriting strategy and portfolio outcomes.

• Partner with underwriting teams to challenge and refine business mix, line size, and risk appetite to optimise capital utilisation and return on capital.
• Assess the impact of new business opportunities, product development, and market changes on portfolio composition and profitability.
• Provide insight into portfolio diversification, aggregation, and reinsurance strategy considerations.

• Contribute to the development and maintenance of portfolio management frameworks, ensuring consistency, transparency, and alignment with group and Lloyd’s requirements.
• Ensure all portfolio analyses and recommendations are underpinned by sound methodology and comply with internal governance standards.
• Communicate key dependencies, limitations and findings clearly to stakeholders.

• Work closely with Senior Underwriters, Oversight, Actuarial, Risk, Exposure management, Claims, Finance, and Operations to deliver well‑rounded portfolio insights.
• Present findings and recommendations to senior management and relevant committees.
• Effectively manage the Performance Management analysts, supporting their development.
• Support the objectives and aspirations of the Underwriting Oversight team and Business Management function.

• Degree in a quantitative or business‑related field; progress towards ACII, FIA, or CFA qualification advantageous.
• Comprehensive understanding of London market practices and risk environment.
• Proven experience in reviewing, analysing and managing underwriting portfolios.
• Strong understanding of underwriting principles, insurance financials and KPIs.
• Comprehensive understanding of cycle management and the key levers for improvement.
• Understanding of business strategy, planning and key support functions across insurance.
• Effective people management skills.
• Strong experience in dealing with key stakeholders.
• Commercial acumen and ability to challenge constructively within a high‑performance underwriting environment.
• Ideally experience in multiple specialty lines of insurance.

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for.

At Munich Re, Diversity, Equity and Inclusion foster innovation and resilience. We recognise diversity can be multi‑dimensional, intersectional and complex, and we are committed to building a workforce that reflects a wide range of backgrounds and identities.

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

At Munich Re Specialty – Global Markets, our approach to ESG is underpinned by our desire to seize business opportunities and nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics, supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.

Learn more about sustainability at Munich Re – choose your impact!

#Be Present #Be Bold #Be Curious