Underwriting Assistant (Green Solutions) London 2024

At Munich Re Specialty Group (MRSG), individuality and intellectual curiosity is a key driver for our success and innovation. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge.

We know there is always more work to be done, but we’re committed to building a strong and inclusive culture where everyone is welcomed and valued for their “own expression of self-identity”.

About us

MRSG is part of the Munich RE group. We are known for our dedication to excellence and quality of service provision across both primary and reinsurance.

As well as operating in the Lloyd’s of London market, we conduct our business via a global network of service companies, with offices located in the UK, Ireland, the United States, Asia, including Hong Kong, Singapore, Labuan and Dubai. We are also represented in Lloyd’s China.

Our group of companies provide solutions covering Casualty, Marine & Cargo, Energy & Aerospace, Cyber, Political Violence, Trade Credit and Property, Contingency and Yacht. Our purpose is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable people and businesses to thrive.

Underwriting Assistant, Green Solutions

We are looking to employ an Underwriting Assistant, Green Solutions to be based in London and to work with us on a full-time basis. This role would be suited to a recent Graduate/School leaver looking for an entry point to a career in the insurance industry.

The successful individual will be adept at working with numbers, and possess the ability to master accurate, timely and confidential data entry processes with training provided. Demonstrate good communication skills, working within a diverse, inclusive and fast growing international collegiate team.

If you’d like to work within an driven, dynamic and collaborative team atmosphere where you can make difference, we’d love to hear from you.

The role

• Entering data into the Lloyds market Subscribe 2000 underwriting system, in-house developed pricing and reporting tools including Clickview & Power BI & Excel along with various office administration systems as required;
• Scanning and photocopying of documents as required;
• Management of documents within Underwriter file requirements per current team requirements.
• Complete the clearing list and accumulation control process as required and formal sign off that they have been completed with any exceptions noted
• Ensure all underwriting contracts are contract certainty and due process has been completed.
• Managing/monitoring electronic placing documentation on platforms such as PPL
• Reviewing and managing exception reports on a weekly basis;
• Reviewing and posting daily premium closing messages in S2000
• Assist in managing credit control and aged debt
• Maintaining renewal lists and chasing brokers for renewing risks
• Attend the Underwriting/ S2000 forum
• Ensure that company procedures and systems are followed and maintained, as per procedures and compliance manuals;
• With appropriate training, run quality assurance checks to ensure all contract certainty and due process checks and compliance requirements have been completed to standard
• Attend relevant meetings within the company.
• Taking minutes of meetings and any other administrative tasks as and when required
• Providing support in respect of new projects or initiatives as and when needed
• Help drive forward and exemplify good Conduct for the business to deliver the best outcomes for customers / policyholders.
• Any other ad-hoc tasks as necessary
• 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.

What we are looking for

You to provide accurate and high quality administrative services to the Green Solutions Underwriting Team, demonstrating care for customers and respect for the regulatory obligations of the Company and the Syndicate.

Qualifications

• University Degree and/or relevant professional qualification
• Some office/ admin experience would be preferable but not vital to role
• Experience or knowledge of Insurance or Lloyds market preferable but not vital to the role

Your career with us

At MRSG, you’ll find the flexibility, development and support you need to excel your career combined with a competitive salary and a benefits package that promotes wellbeing and work-life balance, on top of the standard features that include a non-contributory pension, private medical care, life assurance and more!

Diversity & inclusion

Creating an inclusive environment is a crucial part of the Munich Re culture, and we are committed to our Diversity & Inclusion Policy. We also seek to provide a fair and supportive work environment which provides learning and development opportunities for all.

Working together, we are an employer of choice by building the workforce for today and the future. We make it happen. Together.

Push Boundaries. With us.

Apply now!