As specialty provider of primary insurance services in the UK, Great Lakes London Branch (“GLLB”) is a substantial part of Great Lakes Insurance SE in Munich. Our interlocked business model is to seize opportunities closely connected to the reinsurance core business and innovation opportunities, in our role as an integral part of the Munich Re Group. Great Lakes Insurance SE operates from its headquarters in Munich, and via branch offices in UK, Ireland, Switzerland, Italy and Australia.
Great Lakes Insurance UK Limited (“GLLS”), regulated by Prudential Regulation Authority and the Financial Conduct Authority, is a fully owned subsidiary of Great Lakes Insurance SE and acts as the preferred facilitator of agency insurance business in the UK in the post-Brexit world.
It is an exciting time to join our growing and evolving organisation, help us shape the future of primary insurance service provision!
About the role
This is a two year temporary contract suitable for a graduate, based at Great Lakes’ office London. The role will be support the Underwriting and Product Team with the oversight of our products to ensure fair value to our customers and analysis of product metrics and lend a hand to multiple areas of the business to ensure appropriate oversight of the products distributed by GLISE. The Graduate trainee will be part of a small team responsible for approving and monitoring insurance products.
Key Responsibilities
Your role in the Actuarial Pricing Team will involve assisting other members of the Actuarial Pricing team with their tasks, including the following:
- To support the team in implementing, embedding and managing activities in relation to regular and effective monitoring data of the products under our remit.
- Assist the team in managing the schedule for reviews, managing the in-house resources effectively. Support the team in providing the qualitative analysis of Fair Value Assessments, written report and the feedback to the various stakeholders arising from the review, document the feedback and monitor the outcomes of the review, ensuring that recommendations are achieved within the timeframes
- Support the Pricing Manager in specific in-depth reviews of pricing of products.
- Assist in the design and implementation of Power BI dashboards for continuous monitoring of products. Assist our agents with the design and build of dashboards.
- Look at data analysis solutions for the Underwriting and Product Team.
- Supporting ‘business as usual’ activities for the Underwriting and Product Team
About you
- You demonstrate inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well.
- You support a culture in which ethical conduct is expected, recognised, valued and embodied by all.
- You treat everyone fairly and with respect.
Regulatory & Conduct Requirements
- Ensuring compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules.
Competencies
- Nimble learning (we think big) – you actively learn by tackling new problems and trying out new solutions, quickly learning from both successes and failures.
- Collaborates (we lead the ‘we’) – you work together with others in your team, the department and wider business (where relevant) to meet shared commitments.
- Optimises work processes (we grow with our clients) – you know the most effective and efficient processes to get things done and are constantly assessing how they can be improved.
- Resourcefulness (we care and dare) – you find a way to get things done with the best use of the resources available to you, knowing when to ask for support from others, but also offering your support to others where you feel your expertise, knowledge and skills can add value.
- Communicates effectively (we are clear and authentic) – you communicate clearly and appropriately with your audience. You also share ideas, learn from others and keep stakeholders informed about progress, problems, opportunities and solutions, soliciting feedback along the way.
Key Skills & Experience
- Strong analytical skills
- Knowledge of Power BI, R and/or similar coding languages
- Excellent organisational skills
Qualifications and Educational Requirements:
- University degree or insurance qualifications;
- Data analytics experience with relevant software training
Benefits
You will be rewarded with a great compensation package, on target bonus, 25 days annual leave with the option to purchase more along with private medical insurance and employers' contributory pension of 10%.
Munich Re is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all our employees.
Apply now!
