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Senior Renewable Energy Underwriter, Spain

Location Madrid, Spain Job type Full-Time Work mode Hybrid Job level Professional Job ID 10786 Company Munich Re Specialty - Global Markets Employment type Regular Area of expertise Claims & Underwriting
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About us

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.  

At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.  

Please see our website for more information.

Senior Renewable Energy Underwriter, Spain

Munich Re Specialty was formed as a stand-alone division in 2023, and brings together the wider Munich Re group’s primary specialty business units. Complementing an already strong presence in the UK and the US, Munich Re Specialty – Global Markets (MRSGM) has been tasked with executing a wider plan to build a broader European footprint. This work will start in Spain, expanding on Munich Re Specialty’s existing business in the UK, Ireland and Germany.

In order to successfully establish and profitably grow our Renewable Energy business in the Spanish market, we are looking for a Senior Renewable Energy UW, Spain to join our team.

We are searching for an exceptional individual with a proven track-record of growth and profitable underwriting in Renewable Energy Line of Business (LoB) in the Spanish market. Ideally, our successful candidate has experience across both Retail (non-Wholesale) and Wholesale business – having underwritten business regionally in Spain. Knowledge of Lloyd’s of London UW practices would be a benefit. An entrepreneurial spirit is a must, with a high degree of comfort in building a business presence from scratch and preparedness to roll up the sleeves for tasks both big and small.

Responsibilities:

  • Lead the underwriting process for Renewable Energy insurance, assessing risks and determining appropriate coverage and pricing.
  • Review, analyse, and evaluate Renewable Energy risks, including commercial and industrial properties.
  • Develop and maintain strong relationships with brokers, clients, and internal teams to ensure the seamless delivery of underwriting services.
  • Provide expert advice on complex underwriting matters and assist junior underwriters in the development of underwriting skills and expertise.
  • Monitor and evaluate policy performance, identifying opportunities for risk mitigation and recommending necessary changes to terms and conditions.
  • Ensure compliance with all regulatory requirements and company guidelines related to Renewable Energy underwriting.
  • Stay informed of industry trends, market conditions, and emerging risks to ensure underwriting strategies are aligned with market demands.
  • Participate in the development of underwriting policies, guidelines, and pricing models.
  • Contribute to business growth by actively identifying opportunities to expand Renewable Energy business in alignment with company objectives.
  • Conduct and develop effective relationships with insureds and brokers, to both strengthen existing trading relationships and secure new business that falls within the Underwriting business plan.
  • Direct and manage overall technical underwriting for Renewable Energy activities for MRSGM in Spain while assuring that a high level of technical proficiency is achieved in all areas.

Knowledge and Skills

  • Deep understanding of Renewable Energy insurance products, risk assessment, pricing, and underwriting guidelines.
  • Proven experience underwriting complex Renewable Energy risks, including large commercial and industrial properties.
  • Strong organizational and time-management skills with the ability to handle multiple priorities in a fast-paced environment.
  • In-depth knowledge of exposure and experience rating processes to assess risk and ensure accurate pricing.
  • Excellent people skills with the ability to build and manage relationships with internal and external stakeholders.
  • Personal qualities of integrity, credibility, and a strong commitment to the company’s corporate mission.
  • Exceptional negotiation skills to secure favourable terms for both clients and the company.
  • Strong analytical skills and attention to detail with the ability to make sound underwriting decisions.
  • Excellent written, verbal, and presentation communication skills, with the ability to interact with all levels of the organization.
  • A proven track record in general business management, including strategic planning, forecasting, and long-term growth.
  • Fluency in both Spanish and English.
  • Extensive years primary insurance underwriting experience
  • University degree and/or relevant professional qualification

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!

Diversity, Equity & Inclusion

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

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.

Learning and innovating today, striving for sustainable societies and business tomorrow

At Munich Re Specialty – Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including 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!

#BePresent #BeBold #BeCurious

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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