Munich Re

Underwriting Analyst

Munich Re  •  United Kingdom of Great Britain and Northern Ireland (Onsite)  •  3 hours ago
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Job Description

Responsibilities:

  • Handle the regular internal and external reporting to support MRSG and MRSL and its subsidiaries and affiliated companies, including the production and analysis of regular reports and the development and enhancement of reporting tools.
  • Prepare and review standard and ad-hoc reports and KPIs for internal monitoring, underwriting controls, data quality and management level review.
  • Assist in coordinating and completing regulatory returns such as ATIA, GAREAT and PMDr.
  • Support the Recording of Employers’ Liability policies on Syndicate systems and the subsequent regulatory reporting to the Employers’ Liability Tracing Office (ELTO) and respond to related queries received and issues identified, developing and enhancing processes where needed.
  • Creating insights from portfolio of reports with a view to facilitate data-enabled decision making in Underwriting, Operations and the wider business
  • Assist with relevant reports to Munich Re, Lloyd’s, the PRA/FCA and internal and/or external project initiatives.
  • Engage and develop relationships with underwriting teams to provide ongoing training to all staff on underwriting systems and procedures, in order to promulgate best practice throughout MRSG.
  • Assist in responding to underwriting audits by Lloyd’s, external auditors, Internal Audit and the wider Munich Re Group including the preparation and presentation of required underwriting information.
  • Develop and maintain a list of all Individual Authority limits documents on behalf of Munich Re Syndicate Ltd
  • Contribute to relevant MRSL underwriting management procedures and processes, including those applicable to the International Distribution Companies.
  • Assist with the annual self-assessment of, and ongoing adherence to, the Principles for Doing Business at Lloyd’s.
  • Assist with any ad-hoc Underwriting Operations and Underwriting Management issues as and when required

Knowledge and Skills

  • Demonstrate clear understanding of the underlying principles of insurance and the Lloyd’s environment, including Lloyd’s Principles and the workings of a managing agent.
  • 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
  • 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.
  • Ability to guide, support and coach other team members
  • Familiarity with implementing, maintaining and developing state-of-the-art reporting technologies such as Power BI, data analytics capabilities and reporting process automation
  • Use of communication skills, both written and verbal reporting and presentation, that are both effective and meet business needs.
  • Demonstrate high degree of attention to detail and accuracy.
  • University Degree and/or relevant professional qualification

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!

Munich Re

About Munich Re

Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the capital investment company MEAG. We are globally active and operate in all lines of the insurance business.

Since our founding in 1880, we’ve been known for our unrivaled risk-related expertise and sound financial position. We offer customers financial protection when faced with exceptional levels of damage – from the 1906 San Francisco earthquake to the 2017 Atlantic hurricane season. We possess outstanding innovative strength, which enables us to also provide coverage for extraordinary risks such as rocket launches, renewable energies, cyber attacks, or pandemics.

We’re also playing a key role in driving forward the digital transformation of the insurance industry, and in doing so have further expanded our ability to assess risks and the range of services that we offer. Our tailor-made solutions and close proximity to our customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals.

Working at Munich Re is more than a career. It’s an invitation to tackle some of the world’s most pressing challenges. Together with our team, consisting of specialists from more than 80+ fields of expertise, we turn risks into exciting opportunities that move humanity forward. https://www.munichre.com/en/career

Munich Re Careers: p0060018221@munichre.com

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Münchener Rückversicherungs-Gesellschaft

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Industry
Finance & Insurance
Company Size
10,000+ employees
Headquarters
Munich, DE
Year Founded
Unknown
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