Skip to main content
Get Job Alerts Saved Jobs View All Jobs

Underwriting Oversight Assistant

Location London, United Kingdom Job type Full-Time Work mode Hybrid Job level Professional Job ID 13720 Company Munich Re Specialty - Global Markets Employment type Regular Area of expertise Claims & Underwriting
Apply Now

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 Oversight Assistant

We are currently looking for a Underwriting Oversight Assistant to be based in London on a full-time basis, reporting into the Group Head of Underwriting Oversight.

In this role, you will support underwriting activities within Munich Re Specialty – Global Markets. You will play a key part in maintaining the monitoring structure, oversight, and operational processes necessary to meet underwriting standards in accordance with Munich Re Group guidelines and the Lloyd’s Principles Based Oversight framework. Success in this position requires strong communication skills, an analytical mindset, and a genuine eagerness to deepen your knowledge and develop your analytical abilities.

This role is open to school leavers and recent graduates.



Responsibilities:

  • Conduct regular performance monitoring of peer reviews and 4-eyes reviews, following up with underwriters to ensure findings are appropriately actioned;
  • Support analysts with regular sample reviews of LIC risks to ensure adherence to the LIC operating model, including recording and tracking any necessary actions;
  • Assist with tracking policy and portfolio performance and support the Portfolio Management team;
  • Support the production of regular Underwriting Oversight reports for MRSL committees and provide underwriting reports and data extracts as required by internal stakeholders;
  • Assist with data collection and file administration for key review functions such as Independent Peer Review, Central Underwriting reviews, and internal audits;
  • Provide administrative support in maintaining the team SharePoint site, wider intranet, and monitor the team mailbox including maintaining logs of underwriter referrals and dispensations;
  • Support scheduling and minute taking for internal meetings;
  • Provide support to underwriters in navigating and staying up to date with the latest Munich Group and local underwriting policies and guidelines;
  • Attend regular team and underwriter meetings to maintain current knowledge and understanding of relevant topics and assist with ad-hoc tasks from other areas of the business as needed;
  • Help drive forward good conduct within the business to deliver the best outcomes for customers and policyholders.

Knowledge and Skills

Essential:

  • Keen interest in the Lloyd’s insurance market;
  • Analytical mindset;
  • Good organisation skills;
  • Strong communication skills;
  • Willingness to develop knowledge of insurance disciplines including Underwriting, Pricing and Claims.

Preferred:

  • Basic awareness of FCA / PRA regulations;
  • Basic awareness of the Lloyd’s Principles for doing business and oversight framework;
  • Basic knowledge and understanding of the underlying principles of insurance and reinsurance.

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!

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 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.

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!

#BePresent #BeBold #BeCurious

Apply Now

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.

See the area you’ll be working in

Get an idea of what your daily routine around the office can be like.

Explore Location

This may interest you

Featured Jobs

View jobs to show jobs list.

Save jobs to show jobs list.

View All Jobs

Activate your job alert

Looking for the ideal professional challenge? Stay informed with the Munich Re Group job alert service: Munich Re, ERGO Group and MEAG offer a wide range of opportunities. Once you have set up the service, you'll receive automatic email updates on new job vacancies that match your search criteria.

Interested InPlease select a category, location, and/or company option. Click “Add” to create your job alert. You can add more than one combination to your alert.

By signing up, I acknowledge that I have read the privacy policy, and I wish to receive email communications.

To complete the Job Alert, your e-mail address, and the filter criteria you selected will be processed. The processing of the data is exclusively for the purpose of sending the Job Alert e-mails. With deletion of the Job Alert, your data will also be deleted. You can find further information about our imprint here: Privacy Policy.