Underwriting Assistant

Company
Munich Re Specialty Group
Location
London , United Kingdom

At Munich Re Specialty Group (MRSG), individuality and intellectual curiosity is a key driver for our success and innovation. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge. We know there is always more work to be done, but we’re committed to building a strong and inclusive culture where everyone is welcomed and valued for their “own expression of self-identity”.

About us

MRSG is part of the Munich RE group. We are known for our dedication to excellence and quality of service provision across both primary and reinsurance.

As well as operating in the Lloyd’s of London market, we conduct our business via a global network of service companies, with offices located in the UK, Ireland, the United States, Asia, including Singapore, Labuan and Dubai.

Our group of companies provide solutions covering Casualty, Marine & Cargo, Aerospace, Cyber, Political Violence, Trade Credit and Property, Contingency and Yacht. Our purpose is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable people and businesses to thrive.

Underwriting Assistant

We are looking to employ an Underwriting Assistant to be based in London and to work with us on a Full-Time basis.

If you’d like to work within a high performing and collaborative team atmosphere where you can make difference, we’d love to hear from you.

The Role

• Accurate and timely data entry of all Engineering risks in line with syndicate procedures
• Ensure documents are entered for peer review
• Work with the Engineering Team to collate information and support analysis of accounts for business development and business planning processes
• Maintain renewal lists and chasing brokers for renewing risks
• Chase and collate binder information for renewals alongside the coverholder team
• Maintain and clear exception reports
• Prepare reports for the Engineering Team meetings
• Review and check wordings/clauses when required
• Provide support in respect of new projects or initiatives as and when needed
• Responsible for ensuring the Cat Modelling team are provided with aggregate data for RMS and brokers are chased for information where needed
• Any other adhoc tasks as necessary and directed by the Group Engineering Underwriting Manager and Senior Underwriter
• Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
• Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC) , ExCo and Board for Conduct Risk.
• You are required to comply with the PRA and FCA conduct rules:

What we are looking for

Provision of an accurate and high quality administrative service to the Engineering Team, and other teams as required, demonstrating care for customers and respect for the regulatory obligations of the Firm.

Key Skills & Experience

• Basic (Level 1) knowledge and understanding of:

• Underlying Principles of Insurance;
• Legal Principles;
• FCA and rules and regulations, including contract certainty issues;
• Lloyds regulations;
• Engineering & Construction

• Demonstrate clear understanding of all company specific procedures that relate to own role;
• Demonstrate growing understanding of the roles of colleagues and their relationships to the structure and business plans of the firm;
• Willingness to continue to develop knowledge of policies and related issues through formal and informal learning, both internally and externally to the firm
• Be aware of the potential risks facing the business within own job role and the controls that are in place to mitigate them; and report all significant changes in these risks, or the effectiveness of controls, to your line manager in a timely manner.

Your career with us

At MRSG, you’ll find the flexibility, development and support you need to excel your career combined with a competitive salary and a benefits package that promotes wellbeing and work-life balance, on top of the standard features that include a non-contributory pension, private medical care, life assurance and more!

Diversity & Inclusion

Creating an inclusive environment is a crucial part of the Munich Re culture, and we are committed to our Diversity & Inclusion Policy. We also seek to provide a fair and supportive work environment which provides learning and development opportunities for all.

Working together, we are an employer of choice by building the workforce for today and the future.We make it happen. Together.

Push Boundaries. With us. | Munich Re