Munich Re Careers
Underwriting Analyst (FTC)
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About Us
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.
Please see our website for more information.
Underwriting Operations Analyst
We are currently looking for an Underwriting Operations Analyst to be based in London on a full-time basis, reporting into the Head of Underwriting Operations.
The Underwriting Analyst will be an integral part of the Underwriting Operations team with a focus 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 being provided by Underwriting Operations.
The team will provide market-leading services to Underwriting across Munich Re Specialty Group.
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 the 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 to all staff on underwriting systems and procedures 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.
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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 organization.
- Demonstrate willingness to continue to develop knowledge through formal and informal learning, both internally and externally to the organization.
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.
- Use of communication skills, both written and verbal reporting and presentation, that are both effective and meet business needs.
- Demonstrate a 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!
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Diversity, Equity & Inclusion
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 recognize 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.
Learning and Innovating Today, Striving for Sustainable Societies and Business Tomorrow
At Munich Re Specialty – Global Markets, 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.
Learn more about sustainability at Munich Re – choose your impact!
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
- Hybrid Working + IT Home Set-up Support
#BePresent #BeBold #BeCurious
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