Werkstudent im Bereich Retail Sales Support (m|w|d)

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.

Bordereaux Analyst

We are looking for a Bordereaux Analyst to join our team in London on a full-time hybrid working basis.

Overall Objective

To be responsible for the processing of delegated underwriting bordereaux alongside other Bordereaux Analysts, so that management information is timely, up-to-date, relevant, complete, accurate, and consistent. The role will also play a key role in supporting the operational delivery, testing, and implementation of any future delegated authority systems and processes.

Responsibilities

• Adhere to Munich Re Syndicate (MRS) delegated underwriting bordereaux process in the various classes of business underwritten utilizing relevant internal and market tools.
• Conduct bordereaux data mapping and transformation in line with MRS and Lloyd’s requirements to ensure complete, accurate, and timely data ingestion and reporting.
• Perform high-volume data entry and validation tasks with precision and consistency, ensuring bordereaux data is accurately captured, processed, and maintained across systems during the implementation and discovery phases.
• Participate in the development and execution of bordereaux reviews, including risk-level and premium data validation against underwriting controls, and assess data quality and suitability for operational and regulatory use.
• Maintain accurate bordereaux records and collaborate with internal and external stakeholders (e.g., Lloyd’s brokers, MRS Underwriters, Compliance, and other Munich Re Group departments) to ensure data integrity and traceability.
• Respond to data queries and support reporting needs using current tools (QlikView) and new platforms (PowerBI), ensuring alignment with business and regulatory expectations.
• Contribute to the production of standard and ad-hoc reports for internal and external stakeholders, including regulatory bodies (e.g., Solvency II, Conduct Risk, Lloyd’s Europe, FCA, PRA).
• Assist in the design and enhancement of dashboards and reporting frameworks to support evolving business needs and improve operational efficiency.
• Support coverholder and DCA risk assessments and contribute to the onboarding and monitoring processes in line with Lloyd’s and MRS standards.
• Provide implementation support for delegated underwriting initiatives, working closely with the Head of Bordereaux Management and Head of Underwriting Delivery during the discovery and testing phases.
• Ensure delegated underwriting and bordereaux management procedures and systems are maintained and updated in accordance with Lloyd’s, MRS, and Group requirements.
• 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.
• Support the process and structure that upholds the requirements set out in the Lloyd’s Conduct Risk Minimum Standards and Complaints Principles.