Assistant Underwriter, Green Solutions
Company
Munich Re Specialty Group
Location
London , United Kingdom
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.
Please see our website for more information.
Assistant Underwriter, Green Solutions
We are currently looking for an Assistant Underwriter to be based in London on a full-time basis, reporting into the Group Head of Carbon & Environmental Commodities.
You to support and assist in the development and underwriting of the Green Solutions Account in line with the business plan to facilitate maximum return of profit.
Provide an accurate and quality management function for aspects of the Green Solutions Account, at all times demonstrating care for customers and respect for the regulatory obligations and reputation of the Syndicate.
Responsibilities:
- Assist in delivering and underwriting the Green Solutions Account as per the agreed business plan.
- Exercise judgement in all underwriting, and remain aware of own underwriting limits as set out in the Underwriting Authority sheet, all in accordance with the Syndicate Business Plan.
- Conduct and develop effective business relationships with brokers and clients with a view to securing new business that falls within the Munich Re Syndicate Ltd portfolio, specifically Renewable Energy risks
- Provide Analytical Support as follows:
- S2000 – risk entry, report production using MS Excel; Use of S2000 and Qlikview reporting.
- Supervise and assist the Green Solutions team in monitoring of income flows (late premiums/adjustments etc);
- Provide management reports as and when required.
- Benchmark pricing and rate monitoring for all Green solutions accounts.
- Cat Modelling
- Review slips and/or other information/literature, exercising own judgment, based on knowledge and experience, acting within own limits of authority.
- Provide knowledge, training and support for Junior members of the Green Solutions team and other administrative functions as required;
- Work in conjunction with other members of the Green Solutions team to provide a link between pricing models and exposure information;
- To ensure Green Solutions Account conforms with the principles of Contract Certainty
- 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.
Knowledge and Skills
Knowledge and understanding of:
- Underlying Principles of Insurance;
- Legal Principles;
- FSA and rules and regulations, including contract certainty issues;
- Renewable energy with a focus on offshore/onshore wind, solar plants, energy storage systems etc during construction and operations
- Demonstrate clear understanding of the roles of colleagues and their relationships to the structure and business plans of the Firm;
- Develop and maintain market awareness.
- Current and future renewable energy technologies
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.
Learn more about sustainability at Munich Re – choose your impact!
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
#Be Present #Be Bold #Be Curious
Apply now!