AVP, E&S Casualty Underwriter in City of London

Join to apply for the Financial Risk Manager role at Munich Re Specialty - Global Markets, UK. At Munich Re Specialty – Global Markets (MRS-GM), our ambition is to become the leading Primary Specialty Insurance provider. We rely on an adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this. At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.

We are looking for a part / near-qualified actuary to join our London or Manchester office. This opportunity will step up the applicant’s exposure to senior stakeholders and support the implementation and embedding of the financial risk framework. We also welcome part-time applicants seeking a four-day work week.

Responsibilities

• Support the Head of ERM in providing challenge, oversight and risk opinions on all financial risk related matters including capital, reserving, product design and pricing, exposure management, business plan, solvency, and climate change.
• Lead the independent validation of the internal model to satisfy Lloyd’s and the PRA’s requirements; perform annual parameterisation review and update for Operational risk modelling.
• Coordinate with and manage external consultancies on the delivery of projects.
• Support the development, implementation and embedding of appropriate risk appetite and other metrics.
• Support the Risk and Control Self Assessments (RCSA) focusing on areas within financial risk, including emerging risks and climate change risks.
• Support the production of the Own Risk and Solvency Assessment (ORSA) report, including coordinating stress and scenario testing activities.
• Represent the financial risk function at committees and sub-committees.
• Build strong relationships with key internal and external stakeholders including Munich Re Group and GSI colleagues and external advisors.
• Support key strategic and regulatory projects, regulatory reporting and responding to regulatory requests.
• Stay up to date with technical expertise, regulations, professional guidance, and deepen your understanding of the business and strategy.
• Assist with other Legal, Risk and Compliance departmental activities as and when required.

Knowledge and Skills

• Part or near-qualified actuary with experience in the general insurance industry.
• Experience working in the Lloyd’s market in Capital / Risk team desired.
• Strong technical proficiency in data manipulation using Excel and other analytical tools; ability to conceptualise solutions for complex problems using technology.
• Demonstrated ability to produce board-level and other types of reports for a wide range of audiences on complex topics.
• Excellent ability to manage one's own time, and deal with competing demands.
• Experienced in collaborating effectively with cross-functional teams, including Underwriting, Claims, Finance and build positive relationships with stakeholders at all levels.
• Must demonstrate accuracy, attention to detail and a diligent approach to work.

Diversity, Equity & Inclusion

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. We are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed. All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process.