Delegated UW Bordereaux & Data Analyst
Company
Munich Re Specialty Group
Location
London , United Kingdom
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 Singapore, Labuan and Dubai.
Our group of companies provide solutions covering Casualty, Marine & Cargo, 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.
Delegated Underwriting Bordereaux & Data Analyst
We are looking to employ a Delegated Underwriting Bordereaux & Data Analyst to be based in London and to work with us on a Full Time basis.
If you’d like to work within an energetic, fun and collaborative team atmosphere where you can make difference, we’d love to hear from you.
The Role
Adhere to Munich Re Syndicate (MRS) delegated underwriting bordereaux process in the various classes of business underwritten utilising relevant internal and market tools, namely DDM.-
Undertake bordereaux data mapping in line with MRS and Lloyd's requirements to maintain complete and up-to-date bordereaux data, including transition to DDM.
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Contribute to developing bordereaux reviews (risk level data checking against relevant underwriting controls) and assessing bordereaux’s for accuracy and suitability.
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Keep accurate bordereaux records liaising with relevant internal and external stakeholders, including Lloyd's brokers, MRS Underwriters, compliance and other MRS departments as required.
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Respond to bordereaux data queries using current (Qlikview) or new tools (PowerBI).
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Contribute to standard and ad-hoc reports to internal and external stakeholders including in areas such as Solvency II, Conduct Risk, Lloyd's Europe, FCA (e.g. eligible complainants, RMAR, etc.).
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Assist with the development and enhancement of future reports/dashboards.
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Support and assist the Group Head of Delegated Underwriting with all delegated underwriting project initiatives.
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Ensure that relevant procedures and systems relating to delegated underwriting and bordereaux management are maintained and updated in accordance with Lloyd's, MRS and Group requirements.
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Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
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Understand all appropriate lines of escalation and the responsibilities of Conduct governance within MRSL.
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Support the process and structure that upholds the requirements set out in the Lloyd’s Conduct Risk Minimum Standards and Complaints Principles.
- You are required to comply with the PRA and FCA conduct rules:
What we are looking for
An individual to be responsible for the processing of delegated underwriting bordereaux alongside another Bordereaux & Data Analyst, so that management information is timely, up-to-date, relevant, complete, accurate and consistent.
Key Skills & Experience
Knowledge
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Sound business knowledge and understanding of:
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Bordereaux analysis and management, e.g. DDM and other bordereaux management applications
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Lloyd's delegated authority tools, e.g. Atlas, BAR and all future developments
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Report production, analysis and presentation utilising reporting tools
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Underlying principles of insurance/reinsurance practice
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Lloyd’s Market practices and regulation, specifically relating to delegated underwriting
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Demonstrate clear understanding of all company specific procedures that relate to own role
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Demonstrate clear understanding of the roles of colleagues and their relationships to the structure and operation of the department and wider organisation
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Demonstrate willingness to continue to develop knowledge through formal and informal learning, both internally and externally to the organisation
Skills
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Demonstrate high degree of attention to detail and accuracy and use of relevant reporting tools
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Ability to manage own workload and to work both supportively and jointly with colleagues
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Ability to work under pressure and flexibly when necessary, prioritising tasks, resource planning and meeting deadlines
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Use of communication skills, both written and verbal reporting and presentation, that are both effective and meet business needs
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. | Munich Re