Underwriting Business Analyst

3 weeks ago

London, United Kingdom Munich Re Full time

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 Business Analyst

To support the Underwriting Management Division with a focus on planning and performance of the business underwritten by MRSG, the Syndicate(s) and the International Distribution Companies on a day-to-day basis.

The Role
  • Support MRSG business planning and performance against plan, working with the Finance, Actuarial and Underwriting teams.
  • Work with Underwriting Operations, Finance and the warehouse MI team to develop enhanced MI to support the planning and performance processes.
  • Work with the Group Head of Underwriting Management, liaising with Lloyd's in the planning and variance to plan processes.
  • Support the planning, management and status reporting of the Syndicate underwriting reserving process from an Underwriting perspective.
  • Develop and maintain processes and controls ensuring good data quality in systems, particularly in relation to the reserving process.
  • Develop strong inter-departmental relationships and work to provide accurate data and analysis to implement key business plan and reserving strategies which align with the underwriting strategy including membership of the Reserving Steering Committee and QMB Review Group.
  • Assist the Group Head of Oversight in managing internal and external audits and reviews, including product deep dives.
  • Assist the Group Head of Oversight and the Group Head of Underwriting Management with GSI projects and ad hoc tasks.
  • Member of the Product Conduct Risk Strategy Group.
  • Member of the Delegated Underwriting Group.
  • Assist with any ad-hoc Underwriting Management issues as and when required.
  • Deputise for the Group Head of Underwriting Management.
  • 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.
What we are looking for
  • Minimum 2 years' experience of underwriting, preferred.
  • Minimum 2 years' experience of underwriting management or oversight essential.
  • Good understanding of the London market and Lloyd's environment.
  • Good understanding of the Lloyd's Principles for Doing Business.
  • Basic understanding of business strategy and the work of the other departments within the organisation.
  • Basic understanding of regulatory requirements (FCA and PRA),
  • Good motivational skills.
  • Effective liaison with key stakeholders.
Qualifications
  • University Degree and/or relevant professional experience or qualification. We would also consider a candidate working towards professional qualifications.
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 #J-18808-Ljbffr

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