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Underwriting Assistant

3 months ago

London, Greater London, United Kingdom MNK Re Limited Full time
About MNK Re Limited

Please make sure you read the following details carefully before making any applications.


MNK Re Limited is an insurance and reinsurance intermediary headquartered in London, operating in Lloyd's of London and international markets.

We trade in over 80 countries, and have permanent offices in South Africa, UAE, Poland, Kenya and the USA. Our group companies include several MGAs and Core Fleet Innovations which is a telematics-enabled insuretech business.

Role Definition - Underwriting Assistant (Graduate entry-level role)

Specialty MGA UK brings together world-leading experts in the industry, offering new and meaningful capacity to the market.

The MGA is backed by multiple rated capacity providers and lines of business include International Property, Energy (Upstream & Downstream), Casualty / Liability, Marine, Motor, Financial Lines, Cyber, Forestry, Marine, Construction, Aviation, Parametric Solutions and Surety besides others.

The role sits within the MGA -Energy

and involves working closely with other teams within the Group such as Claims, Finance, Operations, Legal and Compliance.

Successful candidate will be working closely with class underwriters, and their key responsibilities will include:

  • Assist in the control of the portfolio with the assistance of the Underwriting Management software
  • Analyse statistical data and reports for the underwriting team
  • Challenge underwriters on quality of data
  • Prepare the monthly/quarterly/yearly underwriting report(s)
  • Reconciliate the accounts with accounting department
  • Issue debit notes where and when required
  • Maintain the data storage within the share drive
  • Model and monitor the Natural Catastrophe (NAT CAT) aggregation
  • Manage the status of the legal documentation and data storage
  • Liaise with internal and external colleagues (clients)
  • Any other job as assigned by the senior management from time to time
Skills, Qualifications & Experience

Bachelor's or Master's degree in quantitative discipline (Mathematics, Actuarial Science, Statistics, etc.)
Previous internship/experience in insurance is useful, but not a prerequisite
Strong command in all MS Software (Excel, Word, PowerPoint, Access)
Excellent analytical and numerical skills, critical thinking / judgement
Excellent attention to detail and challenge team members when necessary
Team player with positive attitude and strong work ethic

Attendance Policy (hybrid)

Full-time position, with 4 days (Tuesday-Thurs) mandatory attendance in the office near Liverpool Street (London). One day working from home.
Benefits

Enrolment into UK Government's NEST Pension Scheme
Full paid Mobile Phone
Private Health Insurance Medical Cover
Group Life Assurance Cover
Gym Membership
Season Ticket Loan
Full support with Professional Development Qualifications or Courses