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- Tasks: Support underwriting workflows and maintain accurate records for Coverholder onboarding.
- Company: Join Munich Re, a leading specialty insurance provider with an inclusive culture.
- Benefits: Competitive salary, diverse workplace, and opportunities for professional growth.
- Other info: Flexible work environment with a focus on continuous learning and development.
- Why this job: Make a real impact in the insurance industry while working with innovative tools.
- Qualifications: University degree or relevant qualification; knowledge of Lloyd’s delegated authority tools preferred.
The predicted salary is between 30000 - 40000 ÂŁ per year.
Munich Re Specialty – Global Markets (MRS‑GM) is committed to becoming the leading primary specialty insurance provider through innovative strategies and superior products.
Responsibilities
- Understand and support DU workflows related to first Coverholder onboarding and Binding Authority renewals using MRS and Lloyd’s (Atlas, DCOM) systems.
- Maintain accurate DU records, including Coverholder and Binding Authority entries using MRS dedicated tools (Subscribe and MASSDA), and perform quality control of the underwriting teams’ entries on a weekly and monthly basis.
- Support the delivery of the DU audit plan by maintaining data pertaining to audits and recommendations.
- Liaise with the Underwriting Delivery team to support accurate bordereaux records, including dealing with relevant internal and external stakeholders such as Lloyd’s brokers and MRS Underwriters as required.
- Review Lloyd’s international regulatory trading requirements, e.g. Crystal reviews to support PBQA.
- Implement Lloyd’s, MRS, FCA and other regulators’ policies and procedures in relation to DU, e.g. review and circulate Lloyd’s Market Bulletins.
- Help drive good conduct for the business to deliver the best outcomes for customers/policyholders.
- Understand all appropriate lines of escalation and governance responsibilities within the MRS DU team and other stakeholders.
- Perform any other tasks required to support the MRS DU team.
Qualifications
- University Degree and/or relevant professional qualification.
Knowledge and Skills
- Lloyd’s delegated authority tools (e.g. Atlas, DCOM) and future developments.
- Underlying principles of insurance/reinsurance practice.
- Lloyd’s Market practices and regulation, specifically relating to delegated underwriting.
- Clear understanding of all company‑specific procedures that relate to the role.
- Clear understanding of the roles of colleagues and their relationship to the structure and operation of the department and wider organisation.
- Willingness to continue developing knowledge through formal and informal learning.
Professional Skills
- Organisational skills.
- High degree of attention to detail and accuracy, use of relevant reporting tools.
- Ability to manage own workload and work both supportively and jointly with colleagues.
- Ability to work under pressure and flexibly when necessary, prioritising tasks, resource planning and meeting deadlines.
- Effective written and verbal communication, reporting and presentation skills that meet business needs.
Münich Re is an inclusive employer. All candidates in consideration for any role can request a reasonable adjustment at any point in the recruitment process. If your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!
Delegated Underwriting Administrator employer: myGwork - LGBTQ+ Business Community
Contact Detail:
myGwork - LGBTQ+ Business Community Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Delegated Underwriting Administrator
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at Munich Re. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by understanding the company’s values and recent projects. Show us you’re not just another candidate but someone who genuinely cares about what we do!
✨Tip Number 3
Practice your responses to common interview questions, but keep it natural. We want to see your personality shine through, so don’t be afraid to let us know what makes you tick!
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows us you’re serious about joining the team at Munich Re.
We think you need these skills to ace Delegated Underwriting Administrator
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Delegated Underwriting Administrator role. Highlight relevant experience with Lloyd’s delegated authority tools and any insurance/reinsurance knowledge you have. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background makes you a great fit. Don’t forget to mention your willingness to learn and grow, as we value continuous development at StudySmarter.
Showcase Attention to Detail: Since this role requires a high degree of accuracy, make sure your application is free from typos and errors. We appreciate candidates who take the time to double-check their work, so let that attention to detail shine through in your application!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application 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 myGwork - LGBTQ+ Business Community
✨Know Your Tools
Familiarise yourself with the Lloyd’s delegated authority tools like Atlas and DCOM. Being able to discuss your experience with these systems will show that you’re ready to hit the ground running.
✨Understand the Regulations
Brush up on Lloyd’s Market practices and regulations, especially those related to delegated underwriting. This knowledge will help you demonstrate your understanding of the industry and how it impacts the role.
✨Showcase Your Organisational Skills
Prepare examples that highlight your organisational skills and attention to detail. Discuss how you’ve managed workloads or prioritised tasks in previous roles to illustrate your ability to work under pressure.
✨Communicate Effectively
Practice your verbal and written communication skills. Be ready to explain complex concepts clearly, as effective communication is key in liaising with internal and external stakeholders.