Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Support underwriters in delivering business plans and managing Green Solutions risks.
- Company: Join Munich Re, a leader in specialty insurance with a supportive culture.
- Benefits: Enjoy 25 days leave, private medical insurance, and a non-contributory pension.
- Why this job: Make a real impact in sustainable insurance while developing your skills.
- Qualifications: Knowledge of insurance principles and a willingness to learn.
- Other info: Hybrid working options and opportunities for professional development.
The predicted salary is between 40000 - 50000 £ per year.
About Us
At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and 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 currently looking for an Assistant Underwriter, Green Solutions to work with us on a full-time basis in our London office, reporting into the CUO- Green Solutions. You will ensure the prudent underwriting of quality business in line with the business plan to facilitate maximum return of profit while maintaining the firm's reputation and integrity, demonstrating care for customers and respect for the regulatory obligations of the firm. To provide accurate and high-quality administrative services to the Green Solutions underwriting team, demonstrating care for customers and respect for the regulatory obligations of the Syndicate.
Responsibilities:
- Support underwriters as required in delivering the agreed business plan.
- Underwrite and service Green Solutions risks, exercising judgement in all underwriting matters, and remain aware of own underwriting limits as set out on the Underwriting Authority sheet, all in accordance with Underwriting business plan.
- Ensure that company procedures and systems are followed and maintained, as per procedure and compliance manuals.
- Provide Analytical Support as follows: S2000 – risk entry, report production using MS Excel; Use of S2000 and Qlikview reporting.
- Supervise and assist Underwriting Assistants in monitoring of income flows (late premiums/adjustments etc); Tracking and monitoring of all risk bordereaux from all coverholders and facilities.
- Ensure all administrative processes are undertaken smoothly from Underwriting Delivery Team as per SLA.
- Complete tasks as following: Benchmark pricing and rate monitoring for all accounts; Use of Riskmapper and RMS for CAT Modelling; Assist Debt Management team on recovering debts; Completion of Technical Review sheet as per guidelines; Provide management reports, exposure data and other data as and when required.
- Monitor recording of risk entry and amend where appropriate; Review daily claims report; Ensure that Peer Review Group see appropriate information and respond to PRG queries relating to the Account; Make written records of all material conversations with customers, both internal and external, in accordance with the firm's procedures manual.
- Assist Underwriting Assistants as may be required in order to support the business.
- Any other ad-hoc tasks as necessary.
Knowledge And Skills:
- Knowledge and understanding of: Underlying Principles of Insurance; Legal Principles; FCA and rules and regulations, including contract certainty issues; Lloyd's regulations; Green Solutions Insurance as traded in the Lloyd's market.
- Demonstrate clear understanding of all company specific procedures that relate to own role.
- Willingness to continue to develop knowledge of policies and related issues through formal and informal learning, both internally and externally to the firm.
- Develop and maintain market awareness.
- 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.
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. Additionally, 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. You can request an adjustment by speaking to your Talent Acquisition contact.
Learning and innovating today, striving for sustainable societies and business tomorrow:
At Munich Re Specialty – Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.
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
Assistant Underwriter, Green Solutions in London employer: 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 Assistant Underwriter, Green Solutions in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with your own. This will help you stand out as someone who genuinely cares about being part of their team.
✨Tip Number 3
Practice your responses to common interview questions, but keep it natural. Use the STAR method (Situation, Task, Action, Result) to structure your answers and showcase your skills effectively.
✨Tip Number 4
Don’t forget to follow up after your interview! A simple thank-you email can leave a lasting impression and show your enthusiasm for the role. Plus, it keeps you on their radar!
We think you need these skills to ace Assistant Underwriter, Green Solutions in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Assistant Underwriter role. Highlight your relevant experience in underwriting and any knowledge of Green Solutions insurance. We want to see how you fit into our ambition at Munich Re!
Showcase Your Skills: Don’t just list your skills; demonstrate them! Use specific examples from your past experiences that show how you've successfully managed underwriting tasks or supported teams. This helps us see your potential impact on our team.
Be Clear and Concise: When writing your application, keep it straightforward. Use clear language and avoid jargon unless it's relevant. We appreciate a well-structured application that gets straight to the point while still showcasing your personality.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application reaches us quickly and efficiently. Plus, you can find more info about our culture and values there!
How to prepare for a job interview at Munich Re Specialty - Global Markets, UK
✨Know Your Insurance Basics
Make sure you brush up on the underlying principles of insurance and legal principles relevant to the role. Understanding FCA rules and Lloyd's regulations will show that you're serious about the position and ready to contribute from day one.
✨Show Your Analytical Skills
Since the role involves a lot of analytical support, be prepared to discuss your experience with tools like MS Excel, S2000, and Qlikview. Bring examples of how you've used these tools in past roles to solve problems or improve processes.
✨Demonstrate Your Curiosity
The company values curiosity, so come prepared with questions about their Green Solutions initiatives and how they align with sustainability goals. This shows that you're not just interested in the job, but also in the company's mission.
✨Emphasise Teamwork and Support
Highlight your ability to work collaboratively, especially in supporting underwriters and assisting colleagues. Share specific examples of how you've contributed to team success in previous roles, as this aligns with the supportive culture they promote.