Underwriting Assistant, Property

3 months ago

London, United Kingdom Munich Re Specialty Group Full time

Underwriting Assistant, Property

**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, Property

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 growing, high performing 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 Property D&F and Binder underwriting teams, and other teams as required, demonstrating care for customers and respect for the regulatory obligations of the Company.

The Role
- Accurate and timely data entry of all Property risks in line with Syndicate procedures
- Ensuring documents are entered onto systems for peer review and bordereaux management
- Working with Insureds, Coverholders and brokers to ensure timely provision / submission of risk, premium, aggregate and claims data, facilitating onward transmission to Delegated Authority, Actuarial, Claims and Exposure Management Teams and TPA’s
- Chasing and collating property information for new and renewal business and where appropriate working with other teams
- Maintaining renewal lists and chasing brokers for renewing risks and system-generated queries and exception reports
- Slip and data entries, and document loading to Subscribe, shared drive folders, BLT and other systems
- Managing the contract certainty checklist
- Updating quote engines
- Managing/monitoring PPL Placement, risk management surveys, credit control and aged debt
- Preparing reports for Property Team meetings
- Regular provision of management information and analysis of accounts
- Prepare documentation packs for quarterly meetings, renewal, audit and underwriting file reviews.
- Coordinating diaries and arranging meetings
- Providing support in respect of new projects or initiatives as and when needed
- Pricing and rate monitoring of open market and binder business
- Working with the Property and Actuarial Teams to ensure accuracy and functionality of pricing tools
- Reviewing and checking wordings/clauses when required
- You are required to comply with the PRA and FCA conduct rules.

Knowledge and Skills
- Basic (Level 1) knowledge and understanding of the:

- Underlying Principles of Insurance;
- Legal Principles;
- FCA, PRA and Lloyd’s rules and regulations, including conduct risk and contract certainty issues;
- Lloyd’s insurance market;
- Property risks D&F open market and/ or binder business.
- Able to demonstrate clear understanding of all company specific procedures that relate to own role;
- Able to 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, s

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