Engineering Underwriter

myGwork
ES - Madrid - Madrid
April 16, 2025
Insurance

This job is with Munich Re, an inclusive employer and a member of myGwork - the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

We are Munich Re, a leading global provider of reinsurance, primary insurance and insurance-related risk solutions. Innovation power, expertise in all aspects of risk and a sound financial footing: These are the strengths Munich Re stands for when customers face extraordinary risks.
As pioneers and leaders in the underwriting of engineering risks, we drive the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From the erection of green hydrogen plants to road construction to the operation of a wind farm: Munich Re's engineering underwriters take care of risks in complex construction and technology projects all over the world.

We are looking for an Engineer to join our Engineering Underwriting Team in Madrid reporting to the Head of Department (Hybrid workplace)

Your job:
Risk assessment, pricing, also for complex facultative, Engineering risks (CAR, EAR, CECR, Power) in Spain, Portugal and abroad and stipulation of reinsurance conditions in accordance with underwriting guidelines, internal rules, authorities, targets and client strategies.
Acquisition of new business, maintaining and strengthening of existing client relationships. Negotiation with brokers and cedants.
Cocreation of new products and solutions with our clients
Achieving planned underwriting results for new and existing business
Administration of acquired portfolio and monitoring of estimates.
Analysis of market and individual portfolio potential
Assisting in or leading client audits and internal audits
Assisting treaty colleagues with special acceptances
Assurance of our opinion leadership in Engineering (participation in working groups, speaker in internal and external events, publications)
Assuming special tasks, e.g. heading and supporting departmental and intradepartmental working groups and projects.

Your profile:
University degree, preferably in engineering or a science-related discipline.
3-5 years underwriting experience in engineering and power business
Well-developed analytical skills and good mathematical abilities.
Exceptional negotiating competence, strong teamwork skills and willingness to share knowledge
Readiness to take ownership, highly self-motivated and target-oriented.
Fluency in Spanish and English essential (both spoken and written).
Proven intercultural competence and team player in multidisciplinary environments

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.
Hybrid working: living the best of both worlds - we offer you a very flexible approach.

Read the full job description and apply online on the recuiter's web-site

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