Business Operations Manager

1 day ago

London, Greater London, United Kingdom Munich Re Full time
Senior Delegated Authority Business Manager

At Munich Re, we strive to foster a culture of innovation and collaboration. Together, we engage with our resources and expertise to help humankind act braver and better.

About Great Lakes Insurance SE:

As a specialty provider of primary insurance services in the UK, Great Lakes London Branch ("GLLB") is a significant part of Great Lakes Insurance SE in Munich. Our business model is designed to seize opportunities closely connected to the reinsurance core business and innovation opportunities, as an integral part of the Munich Re Group.

About the Role:

The DA Business Manager will be responsible for assessing and managing risk through overseeing, steering, and monitoring our delegated authority business. This involves forging strong relationships with Great Lakes' outsourcing partners and internal stakeholders to ensure that our outsourcing partners operate in conjunction with Great Lakes' internal guidelines, regulatory requirements, and the binding authority contract.

The role reports into the Head of DA Business Management UK.

  • Provide professional leadership to Agency Business Managers for assigned agencies and/or jurisdictions.

Onboarding:

  • Partner with Munich Re business units to implement tailored market/client-specific strategies for assigned agencies and/or jurisdictions.
  • Manage due diligence and quality assurance processes, adhering to high standards and regulatory requirements.

Oversight:

  • Strengthen oversight and control of DA relationships, monitoring performance and key risk indicators (KRIs).

Projects:

  • Lead and manage key projects, driving innovation and process improvements across the DA Business Management function.

Key Skills & Experience:

  • Proven experience managing delegated authorities with in-depth knowledge of regulatory requirements, risk oversight, audit, and underwriting processes.
  • Familiarity with regulatory frameworks.
  • Project management expertise, including tools and strategies for overseeing the delegated authority lifecycle.
  • A commercial mindset with strong market awareness.
  • Project management certification.

Estimated Salary:£65,000 per annum.

Benefits:
You will be rewarded with a great compensation package, on-target bonus, 25 days annual leave with the option to purchase more along with private medical insurance and employers' contributory pension of 10%.

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