Underwriting Assistant

2 weeks ago

London, Greater London, United Kingdom Munich Re Specialty Group Full time
Underwriting Assistant

Company
Munich Re Specialty Group

Location
London, United Kingdom

At Munich Re Specialty -Global Markets, 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

Munich Re Specialty - Global Markets 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, positive and collaborative team atmosphere where you can make difference, we'd love to hear from you.

What we are looking for


You to provide accurate and high quality administrative services to the Marine, Engineering and Specialty Team and to demonstrate care for customers and respect for the regulatory obligations of the Company.

The Role

  • To assist the Underwriting team with various functions of data management and data input;
  • To produce reports to aid account management and analysis as required, such as rate monitoring, aggregates and credit control;
  • To conduct and develop effective relationships with peers, brokers, customers and insurers;
  • To ensure company procedures and systems are followed and maintained, as per the procedures and compliance manuals;
  • To supply underwriting assistant services to other underwriting teams when required;
  • 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.
Knowledge and Skills

  • Basic (Level 1) knowledge and understanding of:
  • Underlying Principles of Insurance;
  • Legal Principles;
  • FCA and rules and regulations, including contract certainty issues;
  • Lloyds regulations;
  • Marine Cargo.
  • 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.
Diversity & Inclusion

At Munich Re, embracing the power of differences is at the core of who we are.

We believe diversity fosters resilience and innovation and enables us to act on our purpose of helping humankind act braver and better.

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.


Your career with us
At Munich Re Specialty - Global Markets, 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

  • 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

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