Delegated Underwriting Administrator

2 weeks ago

London, United Kingdom Munich Re Specialty Group Full time

Delegated Underwriting Administrator

**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.

Delegated Underwriting Administrator

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

If you’d like to work within an energetic, fun and collaborative team atmosphere where you can make difference, we’d love to hear from you.

The Role
- **
Understand and support DU workflows relating to first Coverholder on-boarding and Binding Authority renewals using MRS and Lloyd's (Atlas, DCOM) systems;**:

- ** Maintain accurate DU records, including Coverholder and Binding Authority entries using MRS dedicated tools (Subscribe and MASSDA), and undertake quality control of the underwriting teams’ entries on a weekly and monthly basis;**:

- ** Support the delivery of the DU audit plan by maintaining data pertaining to audits and recommendations;**:

- ** Assist with the management of bordereaux records including chasing bordereaux, keeping records and liaising with relevant internal and external stakeholders as such Lloyd's brokers and MRS Underwriters as required;**:

- ** Review Lloyd's international regulatory trading requirements, e.g. Crystal reviews to support PBQA;**:

- ** Support the implementation of Lloyd's, MRS, FCA and other regulators’ policies and procedures in relation to DU, e.g. review and circulate Lloyd’s Market Bulletins;**:

- ** 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 governance within MRS DU team and other stakeholders.**:

- ** Any other tasks as required to support MRS DU team**

What we are looking for

A **Graduate/ equivalent** to support the delivery of timely and effective Delegated Underwriting (DU) processes and workflows by maintaining accurate information in DU systems and liaising with all members of the DU team in relation to Coverholders on-boarding, binding authority agreements, audits and bordereaux management.

Key Skills & Experience

**Knowledge**
- Sound business knowledge and understanding of:

- Lloyd's delegated authority tools, e.g. Atlas, DCOM and all future developments
- Underlying principles of insurance/reinsurance practice
- Lloyd’s Market practices and regulation, specifically relating to delegated underwriting
- Demonstrate clear understanding of all company specific procedures that relate to own role
- ** Demonstrate clear understanding of the roles of colleagues and their relationships to the structure and operation of the department and wider organisation**:

- ** Demonstrate willingness to continue to develop knowledge through formal and informal learning, both internally and externally to the organisation**

**Skills**
- Demonstrate strong organisational skills
- Demonstrate high degree of attention to detail and accuracy and use of relevant reporting tools
- Ability to manage own workload and to work both supportively and jointly with colleagues
- Ability to work under pressure and flexibly when necessary, prioritising tasks, resource planning and meeting deadlines
- Use of communication skills, both written and verbal reporting and presentation, that are both effective and meet business needs

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 par

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