Munich RE via its Primary Insurance entity Great Lakes Insurance SE has been continuously growing its “credit business” over the last decade with significant further growth ambitions for the coming years. One key area of the business is our Global Credit Solutions (GCS) team that offers pari-passu credit risk transfer, limit and capital relief credit insurance solutions both on single risks as well as portfolio basis to financial institutions.
In order to achieve Munich RE’s growth ambition in this area, we are continually building up a heterogenous, multi-talent team of credit experts in different credit areas ranging from corporate to specialty finance (e.g., term loans, working capital solutions, derivatives, leveraged finance, project finance, asset based finance, fund finance).
For this specific position, we are looking for a credit expert as Client Relation Risk Manager (CRRM)/Senior Director, based in Munich or Dublin who has 10-15years of experience with corporate finance transactions with particular focus on Commercial Real Estate. In this role your task is to attract new bank clients, manage existing bank clients and writing proactive business within your responsibility. As part the role, you will be coordinating the credit decision in conjunction with our Credit Analysts in Risk Underwriting (RUW).
Credit risks are the main underwriting focus in EU/LA5. The team primarily underwrites portfolios of credit risks from banks/financial institutions (FIs) either as reinsurance (MR AG) or as primary insurance (GLISE). The main focus of the advertised position is the management of client relationships and underwriting new business in the area of Residential & Commercial Real Estate Loans (US and Europe).
Your tasks:
- Develop our global business by underwriting of business either as portfolio or individual risks with a focus on Commercial Real Estate Loans (US, Europe and other relevant markets).
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Establish new and foster existing client relationships, with focus on the global banks. Identify the key decision makers at Senior Management level within these organisations and establish a personal relationship.
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Negotiate and finalize of credit risk insurance policies and Master Risk Participation Agreements.
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Assess the banks origination, risk assessment and work-out capabilities in all relevant finance products.
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Independently assess the risk of transactions offered by the banks, especially pertaining around Commercial Real Estate risk and align your assessment with the detailed credit analyses of RUW.
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Structure, negotiate and execute portfolio solutions where they solve client needs and align both client and Munich Re interests.
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Collaborate with internal central functions (Risk Management, Legal, Reporting, Accounting, Tax) to ensure compliance.
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Act as subject matter expert within the field of Real Estate to the broader team.
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Remain abreast of market trends in Real Estate, relevant regulatory developments (Basel III/IV, CRR, EBA, Solvency II), and emerging risks. Represent Munich Re at relevant industry/conference events and contribute to the development of best practices in credit risk management of Commercial Real Estate.
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Ongoing monitoring and review of the Real Estate portfolio.
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Regularly benchmark portfolio performance, transaction structures, and client solutions against peers to drive continuous improvement.
Your profile:
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University degree, preferably in business, economics, finance or a related field or equivalent qualification.
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10-15 years’ professional experience within a bank, real estate fund or similar financial institution.
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At least 5-10 years’ professional experience in client management and developing & managing international banks or corporates clients.
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Several years’ professional experience with credit investment/ banking sector, in particular in Residential/Commercial Real Estate loan products and ideally either field of: origination/ securitization/ structuring methods highly desirable.
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Several years’ professional experience in the signing risk transfer products between banks and / or insurance companies advantageous.
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Excellent knowledge in the regulatory requirements of international banks.
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Superior analytical skills in conjunction with a pronounced risk awareness and sense of responsibility, along with a willingness and ability to justify decisions in a clear and comprehensible manner.
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Team spirit, initiative, ability to work independently, solution-based approach.
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Business-level English required; additional excellent foreign-language skills an advantage.
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Confident manner, high degree of social skills when interacting with colleagues, clients or in-house interfaces.
Application Instructions
Please apply through our online portal and upload your CV, as well as your academic reference letters, including school certificates, graduation certificates and transcripts of record for any degrees. If applicable, please also submit reference letters from any previous employers or certificates from any other qualifications you may have. We recommend writing a cover letter to tell us more about why the position and Munich Re is of interest to you.
About us
As the world's leading reinsurance company with more than 16,000 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
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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.
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Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
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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
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Competitive salary: appropriate compensation for your high level of commitment.
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Retirement provision: state of the art in-house pension solutions.
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Work-life balance: promoting the compatibility of family and work in addition to overall work-life balance.
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Health management: focus on your physical and mental health far beyond legal requirements.
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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.
- Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunities employer. Severely disabled candidates will also be prioritized, if equally qualified.
Münchener Rückversicherungs-Gesellschaft
Yamina Djurisic
Talent Acquisition Partner
