Job description


  • Entry level
  • No Education
  • Salary to negotiate
  • London


Munich RE Syndicate 457


Specific Responsibilities
Assist in handling the regular management reporting to support the Underwriting Management of the Syndicate, including the production and analysis of current regular reports and the development and enhancement of reporting.
Maintain relevant MRSL underwriting management procedures and processes, including those applicable to the service companies.
Prepare reports for regulatory returns and make use of appropriate reporting tools and data warehouse/s in order to automate and streamline underwriting reporting across the business.
Assist with the Syndicate’s credit control function, working with the Senior Underwriting Support Analyst to process JMD reports and liaise between the underwriting teams and JMD.
Prepare standard and ad-hoc reports and KPIs for the Underwriting & Claims Sub-Committee and the Independent Reviewers and assist with the reporting of credit control.
Assist with relevant reports to Munich Re, Lloyd’s and the PRA/FCA and also internal and/or external project initiatives.
Be responsible for the annual self-assessment of Lloyd’s Minimum Underwriting Standards.
Assist in co-ordinating underwriting audits by Lloyd’s, the London IA Hub and the wider Munich Re Group including the preparation and presentation of required underwriting information.
Ensure that relevant underwriting procedures and systems are maintained and updated in accordance with changes to Syndicate or Group matters and provide administrative support for the department.
Liaise with the business to ensure that any applicable recommendation points arising from internal and/or external audits, compliance reviews etc. are dealt with satisfactorily.
Manage the recording of Employers’ Liability policies on syndicate systems and the subsequent regulatory reporting to the Employers’ Liability Tracing Office (ELTO).
Research and respond to queries received related to the ELTO database.
Liaise with the IT Department regarding TOM activities to ensure that the underwriting function is fully represented. This will include CSRP/PPL/SDC and similar activities.
Act as Secretary for the Brexit Working Party, PCRSG and other relevant sub-committees and working parties.
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 Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC) , ExCo and Board for Conduct Risk.

Demonstrate clear understanding of the underlying principles of insurance/Lloyd’s and the workings of a managing agent.
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.
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.
Demonstrate high degree of attention to detail and accuracy.
IT Skills Generic:
MS Word (advanced)
MS Excel (advanced)
MS PowerPoint (advanced)
MS Outlook
General understanding of IT hardware and software
Company Specific:  

About the company

Munich Re is one of the world’s leading risk carriers and stands for exceptional solution-based expertise, consistent risk management, financial stability and client proximity. The Group operates in all lines of insurance, with around 45,000 employees throughout the world and combines primary insurance and reinsurance under one roof.

Besides our capital base, the foundation of our success is knowledge and competence – qualities that benefit clients and staff alike. As a world-class reinsurer, we invest a great deal in maintaining our knowledge lead and foster the innovative strength and expertise of our more than 11,000 employees in reinsurance. We motivate by offering a wide variety of responsible tasks with clear objectives, and cultivate a team spirit. Our corporate culture is defined by performance, mutual respect and trust. All this makes us an attractive employer providing global career development opportunities and prospects.

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