Underwriting Assistant

5 months ago

London, United Kingdom Munich Re Specialty Group Full time

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, Special Risks

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 processing of data on the in-house S2000 underwriting system
- Scan, photocopy and file of documents as required
- Transfer of underwriting information from slips to daily risk record and MRSL systems
- Extract bi-weekly reports of claims and premium data for the team
- Monitor reports produced by credit control team and chase brokers for outstanding premiums
- Produce ad hoc reports to aid account analysis and/or management reports as required
- Keep appropriate records of all conversations with customers and/or insurers, or other relevant business contacts, in accordance with the procedures manual
- Ensure that company procedures and systems are followed and maintained
- Attend and take minutes for Special Risks meetings
- Carry out underwriting research for contingency risks including; use of Metswift, Risk Mapper and other relevant tools
- Peer review data entry records of another class of business
- 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 PCRSG, 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 quality administrative service to the Special Risks Team 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 on Insurance
- Legal Principles
- Financial Services Authority rules and regulations
- Lloyd’s regulations
- Special Risks/Contingency
- 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 clients, policies, underwriting 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

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