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About the Role

The Underwriting Analyst will be an integral part of the Underwriting Operations team, focusing on assisting and monitoring, reporting, processing controls, and operations applicable to the business underwritten in the London Market and International Distribution Companies, and managing services provided by Underwriting Operations. The team will provide market-leading services to Underwriting across Munich Re Speciality Group.

Responsibilities

Handle 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 and issues, developing and enhancing processes.
Create insights from portfolio of reports 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 on underwriting systems and procedures to promote best practice.
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.

Requirements

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, prioritizing 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.
Effective written and verbal communication, reporting, and presentation skills that meet business needs.
High degree of attention to detail and accuracy.

Location

London

Work Type

Full-time
Hybrid Working

Education Level

University Degree and/or relevant professional qualification

Benefits

25 days Annual Leave + Bank Holidays
10% Non-contributory Pension
Eligibility for an Annual Bonus
Private Medical + Dental Insurance
Critical illness insurance + Life Assurance + Permanent Health Insurance
Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility)
Electric Vehicle Salary Sacrifice Scheme
Study & continuing Professional Development Support
IT Home Set-up Support

About the Company

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.
At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.
Learning and innovating today, striving for sustainable societies and business tomorrow.
Our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment.
Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.

Equal Opportunity

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. 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, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.
All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.