Delegated Underwriting Audit Assistant

4 weeks ago


London, United Kingdom Munich Re Specialty Group Full time

The Role

Understand Munich Re Delegated Underwriting audit plan and support the delivery of its end-to-end governance process. Assist with audit arrangements in a timely manner liaising with coverholder auditors, Munich Re underwriters, Lloyd’s and other stakeholders in the audit process. Support the audit scoping process and review audit reports proposing remedial action to the recommendations as appropriate, and following up with the relevant stakeholders. Ensure all data pertaining to the annual audit plan, individual audits and recommendations is kept complete and up-to-date using internal and external systems, like Lloyd's Delegated Audit Manager (DAM). Contribute to standard and ad-hoc reports reflecting progress with the audit plan and recommendations. 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 Conduct governance within MRSL. Support the process and structure that upholds the requirements set out in the Lloyd’s Conduct Risk Minimum Standards and Complaints Principles. You are required to comply with the PRA and FCA conduct rules

Key Skills & Experience

Knowledge

Sound knowledge of delegated underwriting/authorities business Working business knowledge and understanding of: Lloyd's delegated authority tools, e.g. DAM, IMR, Atlas, DCOMReport production, analysis and presentation utilising reporting toolsUnderlying principles of insurance/reinsurance practiceLloyd’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 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



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