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Underwriting Analyst

Location London, United Kingdom Job type Full-Time Work mode Hybrid Job level Professional Job ID 13718 Company Munich Re Specialty - Global Markets Employment type Temporary Area of expertise Claims & Underwriting
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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!

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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