Underwriting Business Analyst (m/f/d)

Are you looking for a new role with a successful and growing orgnaisation?

Company
Munich Re Specialty Group
Location
London , United Kingdom

Overall Objective:

• Join a busy and growing team to enable and develop business analytics for underwriting planning and reporting for Munich Re Syndicate(s) and MRSG so that management information is timely, up-to-date, relevant, complete, accurate and consistent. The analytics are to apply to all forms of underwriting method of acceptance, particularly open market and delegated authorities.
• You will need to have excellent communications skills, an analytical mindset and be someone who wants to develop in data and business analysis and reporting.
• On joining the team, you will work with a close-knit team who will support your training and development.

Responsibilities:

• Maintain and develop the regular management reporting to support business planning for the Syndicate(s) and other GSI4 entities, including the production and analysis of current regular reports and the development and enhancement of reporting.
• Maintain and develop information for management and underwriters to support performance monitoring and make use of appropriate reporting tools and data warehouse/s in order to automate and streamline reporting across the business.
• Develop data entry for the business planning process and the preparation of the various reports and packs for the MRSG Board, the Managing Agency Board and Executive Committee meetings and critique and analyse those reports. Provide concise written summaries to aid management decisions.
• Prepare standard and ad-hoc reports and KPIs for the Underwriting & Claims Sub-Committee and the Independent Reviewers and assist with the reporting of performance against business plan financial targets.
• Evaluate, maintain and improve the Syndicate's data, including forecasting underwriting and operational results.
• Take responsibility for any relevant reports to Munich Re, Lloyd’s and the PRA/FCA and participate in internal and/or external project initiatives.
• Assist in co-ordinating underwriting audits by Lloyd’s, the London IA Hub and the wider Munich Re Group including the preparation and presentation of required underwriting information.
• Ensure that relevant procedures and systems are maintained and updated in accordance with changes to Syndicate or Group matters and provide analytical support for the department.
• Liaise with the business to ensure that any applicable recommendation points arising from internal and/or external audits, compliance reviews etc. are dealt with satisfactorily.
• Be responsible for all matters related to the ELTO database.
• Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting and Claims Sub-Committee (UCSC), Executive Committee (ExCo) and Board of MRSL for conduct risk.
• Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
• You are required to comply with the PRA and FCA conduct rules

Your Profile:

• Demonstrate clear understanding of all company specific procedures that relate to own role
• 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
• 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
• 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

About Munich Re...

MRSG UK Services Limited is the employing entity for staff supporting the business activities of Munich Re Syndicate Limited (MRSL), Munich Re Specialty Group Limited (MRSG), Groves, John & Westrup Ltd (GJW), NMU (Specialty) Ltd (NMU) and Roanoke International Brokers Limited (RIBL).

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.

Known for our dedication to excellence and quality of service provision, we pride ourselves on offering you a great place to work.

Munich Re’s employees are the backbone of the Group’s business success. They are the people that drive the business forward and develop new solutions for our clients.

Ensuring that we recruit versatile staff is therefore crucial to our future success. Our objective is to make Munich Re the employer of choice for potential employees on the global job market..

To help us achieve this goal we offer a competitive salary and a generous and comprehensive benefits package which we regularly review in accordance with external market data, to ensure you are paid fairly and our benefits are tailored to suit your lifestyle. 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.