Responsibilities
- Entering data into the in-house S2000 underwriting system, pricing tools and other administration systems as required.
- Scanning and photocopying of documents, as required.
- Management and saving of documents.
- Support the clearing list and accumulation control process, as required.
- Support the Contract Certainty (CC) process, including completing the CC checklist, when requested.
- Managing/monitoring electronic placing documentation on platforms such as PPL and Whitespace.
- 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.
- Ensure that company procedures and systems are followed and maintained, as per procedures and compliance manuals.
- 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.
- Any other ad-hoc tasks, as necessary.
- Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
- 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.
Knowledge And Skills
- (Prior knowledge is not essential but will place candidates at an advantage)
- Basic (Level 1) knowledge and understanding of:
- Underlying Principles of Insurance;
- Legal Principles;
- PRA /FCA and rules and regulations, including contract certainty issues;
- Lloyd’s regulations;
- Demonstrate clear understanding of all company specific procedures that relate to own role;
- Demonstrate growing understanding of the roles of colleagues and their relationships to the structure and business plans of the firm;
- Willingness to continue to develop knowledge of policies and related issues through formal and informal learning, both internally and externally to the firm
- Be aware of the potential risks facing the business within own job role and the controls that are in place to mitigate them; and report all significant changes in these risks, or the effectiveness of controls, to your line manager in a timely manner.
- Analytical, critical thinker with a problem solving attitude.
- Proactive, energetic and curious.
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Underwriting Assistant employer: Munich Re Group
At Munich Re, we pride ourselves on being an exceptional employer, offering a dynamic work environment in the heart of London that fosters innovation and collaboration. Our commitment to employee growth is evident through comprehensive training programs and a culture that values diversity and inclusion, ensuring that every team member can thrive and contribute meaningfully. With competitive benefits, including generous family leave and a strong pension plan, we empower our employees to act bravely and better, both personally and professionally.
