DA Underwriting Oversight Associate

DA Underwriting Oversight Associate

Full-Time 60000 - 75000 £ / year (est.) Home office (partial)
Munich Re Specialty - Global Markets, UK

At a Glance

  • Tasks: Manage and develop key digital products to enhance operational performance.
  • Company: Join a leading insurance firm with a focus on innovation and collaboration.
  • Benefits: Enjoy 25 days leave, private medical insurance, and a non-contributory pension.
  • Other info: Flexible hybrid working and excellent professional development opportunities.
  • Why this job: Make a real impact in the digital transformation of the insurance industry.
  • Qualifications: Experience with underwriting applications and strong report writing skills required.

The predicted salary is between 60000 - 75000 £ per year.

We are looking for a Digital Product Owner to join our team in London on a full‑time basis with hybrid working of 2-3 days per week. You will be responsible for the oversight, management and development of key digital products, particularly in the Delegated Authority Business around VIPR Intrali and Intarga. You will ensure the key digital products are managed both strategically and operationally to support the overarching goal of improving Global Markets operational performance and contribute to achieving the business strategy. You will also work with business and IT stakeholders to continuously review the key digital products to ensure they are meeting the needs of the business to enable efficient working practices aligned to the overarching strategy and the target operating model.

Overall objective

  • Ensuring the digital products (Focus on VIPR Intrali and Intarga, others include DAM, DCOM, Crystal) are maintained to deliver high quality results based on industry and Munich Re standard solutions, aligned to risk and compliance requirements.
  • Guiding the product’s evolution and development to align with strategic outcomes.
  • Establishing, managing and supporting the development, implementation, embedding and continuous improvement of effective digital products with consistency ensuring compliance with Munich Re, PRA, FCA and Lloyd’s requirements.
  • Undertake Product Configuration for Digital Products in line with the to‑be‑maintained backlog.
  • Responsibility for end‑to‑end integrity of business capabilities using subject matter expertise and experience to ensure the digital products portfolio is designed and developed to meet our business objectives/strategy.
  • Responsible for the end‑to‑end lifecycle of a portfolio of digital products including assisting with planning, developing, testing, maintaining and configuring in accordance with the Business Owner role defined by the Munich Re methodology MR Essentials for developing and maintaining technology products.
  • Owner of the business cases for the assigned product portfolio balancing investments with economical gain.
  • Work with the Change/Transformation project leads, business and technology architects as a point of contact for any projects that impact the digital products.
  • Work with IT Product Managers and architects to drive alignment, assessment and prioritisation of identified demands for each digital product.
  • Responsibility for sign‑off change requests, planning and executing product releases, enhancements and upgrades.
  • Perform functional impact analysis on any proposed changes to the digital products.
  • Design, conduct and keep up‑to‑date user trainings ensuring evolving product capabilities are known and users know how to use the digital products effectively and efficiently.

Knowledge And Skills

  • Experience of managing underwriting applications both strategically and operationally.
  • Sound and extensive experience with VIPR Intarga and Intrali or other similar applications in the Delegated Authority space.
  • Preference for a candidate with an understanding of UK regulatory standards for insurance systems (e.g. Lloyd’s oversight framework, PRA, FCA).
  • Strong experience in translating a business objective and strategy into defined services, operating model, product vision and roadmap and then overseeing execution on the required roadmap.
  • Must have excellent report writing skills, experience of preparing reports and presentations for Senior management / Committee or Board review.
  • Must have ability to appropriately question, support and challenge the business at all levels and present considered and balanced opinions, findings and recommendations.

Benefits

  • 25 days Annual Leave + Bank Holidays
  • 10% Non‑contributory Pension
  • Eligibility for an Annual Bonus
  • Private Medical + Dental Insurance
  • Critical illness insurance + Life Assurance + Permanent Health Insurance
  • Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility)
  • Electric Vehicle Salary Sacrifice Scheme
  • Study & continuing Professional Development Support
  • Hybrid Working + IT Home Set‑up Support

DA Underwriting Oversight Associate employer: Munich Re Specialty - Global Markets, UK

Join a forward-thinking company that prioritises employee well-being and professional growth, offering a dynamic work culture in London with hybrid working options. As a Digital Product Owner, you will benefit from a comprehensive package including generous annual leave, a non-contributory pension, and extensive health insurance, all while contributing to innovative digital solutions that enhance operational performance. With a strong focus on continuous improvement and compliance, this role provides a unique opportunity to shape the future of digital products in the Delegated Authority space.
Munich Re Specialty - Global Markets, UK

Contact Detail:

Munich Re Specialty - Global Markets, UK Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land DA Underwriting Oversight Associate

✨Tip Number 1

Network like a pro! Reach out to people in the industry, especially those who work with digital products or underwriting. A friendly chat can lead to insider info about job openings and even referrals.

✨Tip Number 2

Prepare for interviews by knowing your stuff! Research the company’s digital products, especially VIPR Intrali and Intarga. Show us you understand their goals and how you can contribute to improving operational performance.

✨Tip Number 3

Practice makes perfect! Do mock interviews with friends or use online resources to refine your answers. Focus on how your experience aligns with managing underwriting applications and meeting regulatory standards.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about joining our team!

We think you need these skills to ace DA Underwriting Oversight Associate

Digital Product Management
Underwriting Applications Management
VIPR Intarga
VIPR Intrali
UK Regulatory Standards Knowledge
Business Strategy Translation
Report Writing Skills
Presentation Skills
Stakeholder Engagement
Change Management
Functional Impact Analysis
User Training Design
Product Lifecycle Management
Operational Performance Improvement

Some tips for your application 🫡

Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience with digital products, especially VIPR Intrali and Intarga. We want to see how your skills align with our needs, so don’t hold back on showcasing relevant projects!

Showcase Your Report Writing Skills: Since excellent report writing is a must for this role, include examples of reports or presentations you've prepared in the past. We love seeing how you can communicate complex information clearly and effectively.

Highlight Your Strategic Thinking: We’re looking for someone who can translate business objectives into actionable plans. Share specific instances where you’ve successfully managed digital products or projects, focusing on your strategic approach and outcomes.

Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!

How to prepare for a job interview at Munich Re Specialty - Global Markets, UK

✨Know Your Digital Products

Make sure you have a solid understanding of VIPR Intrali and Intarga, as well as other digital products mentioned in the job description. Familiarise yourself with their functionalities and how they align with business objectives. This will help you demonstrate your expertise and show that you're ready to hit the ground running.

✨Understand Regulatory Standards

Brush up on UK regulatory standards relevant to the insurance industry, such as the Lloyd’s oversight framework, PRA, and FCA. Being able to discuss these regulations confidently will show that you’re not just technically savvy but also aware of the compliance landscape that affects the role.

✨Prepare for Strategic Discussions

Think about how you would translate business objectives into a product vision and roadmap. Be ready to share examples from your past experiences where you've successfully managed product lifecycles or implemented changes that improved operational performance. This will highlight your strategic thinking and problem-solving skills.

✨Practice Your Presentation Skills

Since you'll be preparing reports and presentations for senior management, practice articulating your thoughts clearly and concisely. Consider doing mock presentations to friends or family to get comfortable with presenting your ideas. This will help you convey your findings and recommendations effectively during the interview.

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