Company

Munich Re Specialty – Global Markets

Location

London , United Kingdom

At Munich Re Specialty Group (MRSG), individuality and intellectual curiosity is a key driver for our success and innovation. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge. We know there is always more work to be done, but we’re committed to building a strong and inclusive culture where everyone is welcomed and valued for their “own expression of self-identity”.

About us

MRSG is part of the Munich RE group. We are known for our dedication to excellence and quality of service provision across both primary and reinsurance.

As well as operating in the Lloyd’s of London market, we conduct our business via a global network of service companies, with offices located in the UK, Ireland, the United States, Asia, including Singapore, Labuan and Dubai.

Our group of companies provide solutions covering Casualty, Marine & Cargo, Aerospace, Cyber, Political Violence, Trade Credit and Property, Contingency and Yacht. Our purpose is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable people and businesses to thrive.

Company Secretarial Assistant

Hybrid working – Commutable distance to London, Manchester or Birmingham local office.

In this role reporting into the Company Secretary, you will be predominantly providing board and committee support for all MRSG entities in the UK. You will ensure compliance with relevant legal and regulatory requirements and provide advice on corporate governance and relevant regulatory matters and be responsible for the accurate production of meeting minutes.

Responsibilities

• Responsible for establishing, advising on, maintaining, embedding and advocating robust and proportionate corporate governance, reflecting industry standards and best practice, at both Board and Committee levels, including:
• Company secretarial functions relating to certain committees by ensuring effective preparation for, administration of, and follow-up of all meetings;
• Supporting and coordinating Board self-effectiveness reviews;
• Co-ordinating and submitting filings to Companies House
• Ensure the smooth operation of the Boards, Board Committees and sub-committees, including: meeting planning, logistics, agenda setting, maintenance of the forward calendar; paper compilation, review for governance purposes, and distribution; and attendance at relevant meetings for minuting.
• Support in the arranging of regulatory meetings requested by Lloyd’s, FCA, PRA and other regulators as appropriate.
• Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
• To undertake any ad-hoc projects and activities as and when required.

Knowledge and Skills

• ICSA part-qualified. (Preferred but not essential)
• Ideally at least 3 year’s previous company secretarial experience, to include: company administration, board/committee support (including minute writing).
• Insurance or financial services experience.
• Excellent communication skills – written and oral, with experience communicating with a range of internal and external stakeholders at all levels, including senior stakeholders.
• Highly organised self-starter – able to prioritise and manage multiple tasks.
• Solution focused – an ability to investigate and respond to queries and issues arising.
• Self-motivated – Takes an enthusiastic approach and is able to work under own initiative without need for close supervision to achieve results.
• Personally Accountable – Willing to take personal responsibility to pursue tasks with energy and drive to completion.
• Pragmatic thinking style – Anticipates issues before they occur, is solution orientated, balances analysis, intuition, experience.
• Must have excellent written communication skills for taking minutes.

Your career with us

At MRSG, you’ll find the flexibility, development and support you need to excel your career combined with a competitive salary and a benefits package that promotes wellbeing and work-life balance, on top of the standard features that include a non-contributory pension, private medical care, life assurance and more!

Diversity & Inclusion

Creating an inclusive environment is a crucial part of the Munich Re culture, and we are committed to our Diversity & Inclusion Policy. We also seek to provide a fair and supportive work environment which provides learning and development opportunities for all.

Working together, we are an employer of choice by building the workforce for today and the future. We make it happen. Together.

Push Boundaries. With us. | Munich Re

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.

Senior Project Manager

We are currently looking for a Senior Project Manager to be based in London on a full-time basis, reporting into the Head of Section

Company

Munich Re Specialty – Global Markets

Location

London , United Kingdom

Responsibilities:

• Running complex high impact cases aligned to ITRS strategy with focus on cyber threat protection/ risk remediation as well as ITRS operation model optimization (continuous improvement activities)
• Taking over responsibility for initiating, planning, leading/managing and influencing major elements of the ITRS strategy execution (direct & virtual tech & non-tech projects) in a global complex environment
• Analysing case problem statements and driving solution design by virtually leading group of subject matter experts and overseeing delivery teams required for cases of concern
• Taking ownership for case value realisation and to meet quality, time & budget objectives
• Owning case-related governance (SteerCo, manage prioritization, roadmaps, decision making)
• Owning case-related comms and relationship mgmt. (to SMEs and to senior leadership levels)
• Partnering with Global Program Office functions to connect dots between cases and strategy
• Coordinating with relevant change execution and oversight partners (e.g., 2nd line of defense)
• Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.

Knowledge and Skills

• Greater than 8+ years’ professional experience in a variety of IT areas (including IT/Cyber Security, (IT/Cyber) strategy, rollout, remediation, organisation change) with focus on transformation, program and project mgmt. and managing diverging interests, preferred min. 6+ years in IT Security
• Insurance & Financial Services industry know how, ideally with international experience
• Established track record of successful implementations that delivered measurable value
• Proven ability to rigorously manage scope, quality, costs, risk & time + lead virtual teams
• Proven knowledge of project mgmt. processes and tools, ideally including clarity and SAP
• Confidence to engage diverse levels of seniority, highly self-motivated, driving, flexible
• Fluent spoken and written English
• Willingness to travel

If you are excited about this role but 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!

Company

Munich Re Specialty – Global Markets

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.

Senior Project Manager

You will lead change and transformation initiatives within our Change Portfolio, supporting our function objectives and overall strategy.

You will be required to; successfully plan, execute, communicate and deliver projects while ensuring they meet their specific goals, objectives, and constraints. The project manager plays a crucial role in leading ensuring the successful delivery of initiatives across change, growth and transformation.

Responsibilities

• Define project scope and objectives: The project manager works with stakeholders to clearly define the scope and objectives of the project, outlining what needs to be accomplished and the desired outcomes.
• Develop a comprehensive project plan: The project manager creates a detailed plan that outlines the tasks, timelines, resources, and milestones required to complete the project efficiently. Appling project management methodologies ranging from classic waterfall to agile as required
• Manage resources: The project manager allocates resources and budget, effectively to ensure smooth project execution.
• Assess the change impact: Conduct impact analyses, assess change readiness, and identify key stakeholders.
• Communication: The Project manager is required to communicate in a clear and transparent manner supporting the achievement of project goals. Acting as a central point of control and coordination to ensure project success. Coordination and management of external parties including Claims TPA’s, external fronting companies and parties across the MunichRe Group. The Project manager must Enable the design, development, delivery and management of key communications.
• Risk management: Identifying potential risks and developing mitigation strategies to address them is a crucial part of a project manager’s role.
• Communication and collaboration: The project manager facilitates effective communication among team members, stakeholders, and other relevant parties, ensuring everyone is on the same page and aware of project progress. Prepare and moderate workshops and other project-related meetings with senior management, functional experts and other stakeholders
• Quality assurance: The project manager ensures that the project deliverables meet the required quality standards and specifications.
• Stakeholder management: Managing stakeholders’ expectations and keeping them engaged throughout the project is essential for successful project outcomes.
• Conflict resolution: Addressing conflicts and challenges that arise within the project team or with stakeholders is a key responsibility of the project manager. Escalating and reporting issues appropriately.
• Project closure and evaluation: When the project is completed, the project manager wraps up all the loose ends, conducts a project review, and documents lessons learned for future improvements.

Required Knowledge, Skills and Experience

• Significant Project or Change Management experience
• Substantial proven Insurance Industry knowledge
• Demonstrated experience and knowledge of the London Market
• Proven experience managing complex business, change and/or transformational projects
• Proven and demonstrated Insurance Industry knowledge
• Strong understanding of Regulatory Compliance across Insurance
• Proven understanding of Project Management Methodologies (Agile, Scrum, Waterfall, hybrid approaches)
• Strong analytical and problem-solving skills and ability to translate into actionable recommendations
• Ability to adapt to communication methods and approaches to support stakeholders and or clients
• Knowledge of business analysis techniques and processes
• Good understanding of Data Security and Privacy across Insurance products

Desirable Knowledge, Skills and Experience

• Experience with Market wide initiatives and or testing
• Experience working on Blueprint2 or industry regulatory projects would be advantageous
• Demonstrated experience working across compliance, regulatory and or governance projects, engaged with complex IT landscapes

If you are excited about this role but 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!

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

#BePresent #BeBold #BeCurious

Company

Munich Re Specialty – Global Markets

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.

Senior Cargo Underwriter

We are currently looking for a Senior Cargo Underwriter to be based in London on a full-time basis, reporting into the Cargo Underwriting Manager.

You will support the Cargo Underwriting Manager in the effective management of the Cargo book within Global Specialty Insurance. You will ensure 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.

Responsibilities:

• Assist in the creation and delivery of the business plan for the Cargo team and be a driving force of the underwriting, accountable for ensuring targeted income levels are met throughout the year and growth targets are met year-on-year.
• Underwrite new and renewal Cargo 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 the effective management of cargo business, including performance, EPI monitoring, referrals, bordereaux management, rate movement, claims trends, regular reviews, underwriter visits and audits
• Service existing contracts and open market risks, and make amendments in line with the Syndicate’s underwriting philosophy;
• Conduct and develop effective relationships with peers, clients, coverholders and brokers, with a view to retaining quality business and securing new business that falls within the Munich Re Specialty Group appetite for Cargo
• Oversee the development and training (technical and non-technical) of junior members of the team, driving their progress and knowledge, including shadowing their work on new tasks and increased underwriting responsibilities.
• Work collaboratively and engage regularly with the teams in the Service Companies to ensure adherence to the global product approach of MRSGM
• Establish and run projects and initiatives such as new sub-classes and products to serve clients and diversify the portfolio from both a risk and income perspective.
• Conduct book review as well as regular monitoring and portfolio management to ensure the business plan is being executed.
• Monitor recording of all aggregate and reporting information as follows:

Aggregates:

• Monitor on weekly basis, or as instructed;
• Review and forward to Exposure Management on a quarterly basis.

RDS:

• Undertake quarterly collation of RDS aggregates from all classes of business;
• Apply aggregates to reinsurance program for Board review;
• Maintain full audit trail for all the above in line with MRSG’s procedures manual.

• Provide Analytical Support as follows:

• S2000 – risk entry report production using MS Excel; Use of S2000 Adhoc reporting feature.
• Supervise the Underwriting Assistants in monitoring of income flows (late premiums/adjustments etc) and work closely with the Credit Control team
• Provide management reports as and when required.

• Review slips and/or other information/literature, exercising own judgment, based on knowledge and experience, acting within own limits of authority at all times.
• Make written records of conversations with customers, both internal and external, in accordance with MRSG’s procedures manual.
• Negotiate new wordings and structures, ensuring clients’ needs are serviced and regulatory requirements met, whilst preserving a prudent risk appetite, in line with the syndicate and team’s underwriting strategy.
• Ensure that company procedures and systems are followed and maintained, as per procedure and compliance manuals.
• Ensure that all contract certainty issues are addressed for all relevant risks;
• Review and administer existing contracts and make amendments in line with MRSGM’s underwriting philosophy;
• Monitor recording of risk entry and amend where appropriate;
• Ensure that Peer Review Group see appropriate information and respond to PRG queries relating to the Cargo Account;
• Be aware of, and take ownership 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

Knowledge and Skills

• Advanced knowledge and understanding of:

• Underwriting Principles;
• Legal Principles;
• FCA and Lloyd’s rules and regulations including contract certainty issues;
• All company specific procedures that relate to own role and role of those employees that you are supervising;
• Cargo cover

• Intermediate knowledge and understanding of:

• BBB/PI
• D&O

• 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 and continually demonstrate thought leadership

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

#BePresent #BeBold #BeCurious

Company

Munich Re Specialty – Global Markets

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.

Pricing Analyst

This role focuses on personal lines initially with increasingly more focus on specialty commercial lines business in line with MRSG’s strategy.

Responsibilities

• Support the rate deployment in pricing tools and investigations on its accuracy.
• Support the pricing team in achieving high standards of work, including technical rating of all risks and regular monitoring of Delegated underwriting contracts.
• Lead investigation and preparation of data for performance analysis and parameterisation of pricing models.
• Support the production of pricing and performance MI capabilities and dashboards.
• Investigate pricing queries and respond appropriately to customers and highlight required model improvements to assist in the reduction of pricing queries and complaints.
• Analyse pricing model data including parameter validations, including lead investigations of alternative data sources for parameterisation of pricing models
• Support in depth portfolio analyses and performance management and present results to a variety of stakeholders
• Support risk segmentation analysis and recommendation of price change proposals to achieve business targets.
• Support for business and technical planning process.
• Support profitability exercises using modelling and reserving techniques as required.
• Ensure all advice offered is in line with TAS requirements and other appropriate guidelines.
• Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
• Any additional duties and responsibilities that may reasonably be expected to be undertaken in accordance with a pricing analyst’s role.

Knowledge and Skills

• Proven pricing experience in general insurance
• Being proactive and manage own workload.
• Ability to communicate effectively with a variety of internal and external stakeholders.
• Highly developed mathematical / statistical knowledge.
• Detailed knowledge of actuarial methods and techniques, and ability to apply them in practice, making reasoned judgements within a business environment.
• Experience with industry recognised pricing tools, such as Radar, Hx.
• Knowledge of a range of modelling techniques and applications for pricing
• Knowledge and understanding of FCA regulations and understanding of the underlying principles of insurance and reinsurance.
• Willingness to continue to develop skills and enhance knowledge of any pricing related matters.

Company

Munich Re Specialty – Global Markets

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.

Green Solutions Underwriter

We are currently looking for an Underwriter to be based in London on a full-time basis, reporting into the Head of Renewables.

The key role of the Underwriter is to underwrite for the Renewable Energy Account within the underwriting limits as set out in the underwriting authority sheet and ensure timely account servicing to Brokers and Clients with a primary focus on onshore Solar / Wind / Bess.

Provide 1st level monitoring and oversight for administrative process aspects of the account, at all times demonstrating care for customers and respect for the regulatory obligations and reputation of the Syndicate.

Responsibilities:

• Assess, price, negotiate and underwrite for the Renewable Energy Account. Exercising judgement in all underwriting and remaining 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 both securing new business and retaining appropriate renewal business.
• Ensure that company procedures and systems are followed and maintained, as per procedure and compliance manuals. To refer/liaise (when appropriate) to CUO and relevant internal department.
• Assist in the monitoring and development of underwriting tools and procedures etc
• Provide support to junior members of the team and monitor their quality of work
• To provide 1st level oversight and support to the administrative function of the Renewable Energy Account as follows:
• S2000 / EDOC data Entry Process (ensure timeliness and accuracy of data entered by UAs and refine process as required)
• Credit Control Process ( to coordinate with credit control and follow up with broker)
• CAT monitoring ( ensure timeliness and accuracy of data entered by UAs)
• Benchmark Rating Adequacy Process ( ensure timeliness and accuracy of data entered by UAs)
• Monitor exception reports and take relevant action plans to escalate to seniors and rectify with relevant underwriter / UAs
• To ensure Renewable Energy Account conforms with the principles of Contract Certainty

Knowledge and Skills

• Intermediate (Level 2) knowledge and understanding of:

• Underwriting Principles;
• Legal Principles;
• FCA and Lloyd’s rules and regulations including contract certainty issues;
• All company specific procedures that relate to own role

• Demonstrate clear understanding of the roles of colleagues and their relationships to the structure and business plans of the Firm;
• Develop and maintain market and risk awareness and willingness to continue to develop knowledge of products, underwriting and related issues through formal and informal learning, both internally and externally.

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

#BePresent #BeBold #BeCurious

Company

Munich Re Specialty – Global Markets

Location

London , United Kingdom

At Munich Re Specialty Group (MRSG), individuality and intellectual curiosity is a key driver for our success and innovation. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge. We know there is always more work to be done, but we’re committed to building a strong and inclusive culture where everyone is welcomed and valued for their “own expression of self-identity”.

About us
MRSG is part of the Munich RE group. We are known for our dedication to excellence and quality of service provision across both primary and reinsurance.

As well as operating in the Lloyd’s of London market, we conduct our business via a global network of service companies, with offices located in the UK, Ireland, the United States, Asia, including Singapore, Labuan and Dubai.

Our group of companies provide solutions covering Casualty, Marine & Cargo, Aerospace, Cyber, Political Violence, Trade Credit and Property, Contingency and Yacht. Our purpose is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable people and businesses to thrive.

Lloyds Reporting Accountant

Hybrid working – Commutable distance to London, Manchester or Birmingham local office.

We are looking for a Lloyds Reporting Accountant to work with confidence and independence to draft solutions, address issues and implement results. You will ensure financial reporting to Lloyd’s is completed and delivered on time and desired quality level, in an effective control environment as well as producing Group SII reporting. As a Lloyds Reporting Accountant you will support team members with technical issues and/or IFRS group deliveries as well as actively contribute to the wider finance transformation program.

Responsibilities

• Ensure production, quality assurance and delivery of required Lloyd’s returns (UK GAAP and SII Basis) for Syndicate.
• Preparation and quality assurance of statutory accounts
• Improve and automate existing processes and then integrate them efficiently with the current Syndicate reporting process
• Undertake ad hoc investigation and analysis work, as requested by management or external bodies, to agreed standards within agreed timescales
• Support team with IFRS/SII group reporting delivery
• Organize and drive continuous improvement groups and projects to increase efficiencies in finance processes through standardization, simplification and automation
• Liaise with external and internal auditors
• Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.

Knowledge and Skills

• Demonstrate detailed knowledge of UK GAAP, SII and IFRS
• Have experience in end-to-end finance processes, such as Finance operations, Planning, Forecasting, Financial close, intercompany process and Reporting
• Experience of managing and/or leading a range of accounting projects
• Communicate with confidence and credibility at all levels
• Strong relationship management skills to influence stakeholders and senior management
• Analytical, critical thinker and problem solving attitude
• Taking ownership and actively looking for personal learning and development opportunities
• Highly organised, flexible and calm under pressure
• Professional qualification such as ACA, ACCA or CIMA preferred

Your career with us
At MRSG, you’ll find the flexibility, development and support you need to excel your career combined with a competitive salary and a benefits package that promotes wellbeing and work-life balance, on top of the standard features that include a non-contributory pension, private medical care, life assurance and more!

Diversity & Inclusion
Creating an inclusive environment is a crucial part of the Munich Re culture, and we are committed to our Diversity & Inclusion Policy. We also seek to provide a fair and supportive work environment which provides learning and development opportunities for all.

Working together, we are an employer of choice by building the workforce for today and the future. We make it happen. Together.

Push Boundaries. With us. | Munich Re

Company

Munich Re

Location

London , United Kingdom

About Facultative & Corporate:
Munich Re’s large, international network of experts places us in a strong position to develop solutions for highly complex risks. The sectors we serve and the solutions we offer are diverse, but they all share one thing in common: the substantial financial foundation of Munich Re. The industrial insurance arm of Munich Re Group, which means our clients are multinational corporations. We write both traditional and non-traditional insurances through 6 lines of business; namely, Property, Energy, Casualty, Engineering, Cyber and what we term Special Enterprise Risks. We overlay these underwriting activities with support from our Client Management and Claims & Operations units.

Our clients are complex, diverse, and domiciled across the world. Therefore, we also need to be global, and we do this by positioning staff in strategic markets and locations as well as travelling to meet clients. Close contacts are very important.

About Munich Re’s Insure AI Team:

The Insure AI team is part of the New and Green Technologies business unit in Munich Re’s Specialty Insurance division. You would join an experienced international business unit structuring insurance and reinsurance solutions for risks of AI and Generative AI applications for corporates, financial institutions, and growth stage tech companies. Please visit our website to find out more:

https://www.munichre.com/en/solutions/for-industry-clients/insure-ai.html

About the role:

You will focus on working with London insurance brokers and corporate risk managers to structure insurance solutions for AI and Generative AI risks, like AI performance risk, Generative AI copyright infringement risk, and AI discrimination risk. You will collaborate with the team’s Research Scientists and other Underwriters in international deal teams to structure, measure, and insure such AI risks.

You will be based in London, UK. We are looking for an experienced Senior Underwriter with the ability to source and build business opportunities in AI in the London Market.

Key Responsibilities:

• Sourcing AI and GenAI (re-)insurance opportunities with London Market brokers for corporates, tech companies, and financial institutions
• Building the relationships with insurance brokers in the London Market
• Engaging with clients and colleagues in deal teams to underwrite the risks of machine learning systems and Generative AI models, and to support new product development
• Leading commercial negotiations with brokers and corporate risk managers for the developed risk-transfer solutions
• Collaborating with colleagues in traditional lines of business, like Cyber or Casualty, and marketing to drive the AI insurance market development
• Speaking at industry conferences and representing the Insure AI team at such events

Competencies:

Strategic mindset (we think big) – you look, plan and move into the future with clear intentions and purposeful actions, seeking regular feedback, that allows you to make decisions today that will lead the business towards its future commitments.

Ensures accountability (we lead the ‘we’) – you hold yourself and others accountable to take responsibility and meet commitments, creating a culture where people own their decisions and actions and appreciate how they contribute to the team/organisation commitments.

Managing complexity (we grow with our clients) – you make sense of complex and sometimes contradictory information to effectively solve problems, learning and sharing along the way.

Sponsors work (we care and dare) – you know when to lead and when to let others lead, providing direction and delegating to others, empowering and trusting them to achieve their commitments. Develops talent (we care and dare) – you develop the team to meet their career ambitions, building capability at an individual and organisational level, preparing them for future opportunities. You discuss feedback and development regularly and promote a diverse and inclusive workforce.

Being resilient (we are clear and authentic) – setbacks are unavoidable; however, you recover quickly, seek feedback, learn and unlearn and move forward with courage and commitment.

Key Skills & Experience

• Experience in a client facing role at a (re-)insurer or an insurance broker with experience in Cyber, Tech E&O, Professional Indemnity, or related insurance lines• Excellent networking and partner management skills
• Experience with or interest to learn machine learning and Generative AI methods
• Willingness to develop an emerging market and navigate unchartered territory with enthusiasm and patience
• Innovative mindset, curiosity and willingness to lead
• Willingness to work in deal teams distributed across different time zones and continents
• Willingness to travel

Qualifications and Educational Requirements:

• Graduate degree in Business, Finance, Economics, Law, or related fields

Thought Leaders:

You are seen as an expert in your field and will be the ‘go to’ person for your area of specialism within Munich Re. You will be seen as a role model/mentor to others – identifying opportunities to share your knowledge with others.

You will demonstrate and role model inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well.

You will treat your colleagues and sales and business partners fairly and with respect.

Regulatory & Conduct Requirements:

In addition to the responsibilities set out above, the Senior Underwriter role will also become responsible for:

• Ensure compliance with Insurance Distribution Directive
• Ensuring compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules

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.

Company

Munich Re Specialty – Global Markets

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.

Senior Terrorism & Political Violence Underwriter

We are currently looking for a Senior Underwriter to be based in Londin on a full-time basis, reporting into the Group Head of Terrorism & PV.

You to 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.

Responsibilities:

• Assist in the creation and delivery of the business plan for the Political Violence team and be a driving force of the underwriting, accountable for ensuring targeted income levels are met throughout the year and growth targets are met year-on-year.
• Underwrite Political Violence 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;
• Establish and run projects and initiatives such as new sub-classes and products to serve clients and diversify the portfolio from both a risk and income perspective.
• Conduct book review as well as regular monitoring and portfolio management to ensure the business plan is being executed.
• Monitor recording of all aggregate and reporting information.
• Review slips and/or other information/literature, exercising own judgment, based on knowledge and experience, acting within own limits of authority.
• Make written records of all conversations with customers, both internal and external, in accordance with the firm’s procedures manual.
• Negotiate new wordings and structures, ensuring clients’ needs are serviced and regulatory requirements met, whilst preserving a prudent risk appetite, in line with the syndicate and team’s underwriting strategy.
• Ensure that company procedures and systems are followed and maintained, as per procedure and compliance manuals.
• Ensure that all contract certainty issues are addressed for all relevant risks;
• Review and administer existing contracts and make amendments in line with MRSG’s underwriting philosophy;
• Monitor recording of risk entry and amend where appropriate;
• Ensure that Peer Review Group see appropriate information and respond to PRG queries relating to the Political Violence Account.

Knowledge and Skills

Advanced knowledge and understanding of:

• Underwriting Principles;
• Legal Principles;
• FCA and Lloyd’s rules and regulations including contract certainty issues;
• All company specific procedures that relate to own role and role of those employees that you are supervising;
• Political Violence risks

If you are excited about this role but 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!

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

#BePresent #BeBold #BeCurious

Company

Munich Re Specialty – Global Markets

Location

London , United Kingdom

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.

Senior Pricing Analyst

We are looking to employ a Senior Pricing Analyst to be based in London, Manchester or Birmingham and to work with us on a full-time basis. You will support the provision of actuarial pricing support to MRSL.

Responsibilities

• Effectively manage, mentor and support junior analyst as required, including managing their time, providing training and reviewing their work as required
• Work independently on individual pricing assessments of large risks and binder reviews, including clear communication of results to the underwriters
• Support pricing team in achieving the high standards as indicated within the Lloyd’s oversight framework, including technical rating of all risks and regular monitoring of Delegated underwriting contracts
• Construction, review and maintenance of pricing models for varied classes of business
• Analysis of pricing model data including parameter validations
• Support for syndicate business planning process
• Production and review of pricing management information
• New business initiative analyses and independent reviews
• Investigation and utilisation of alternative data sources for parameterisation of pricing models
• Support underwriting within depth portfolio analyses and performance management
• Ensure all advice offered is in line with TAS requirements
• Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
• Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo and Board for Conduct Risk.

Knowledge and Skills

• Pricing experience in the London Market
• Experience with Marine and/or Specialty insurance an advantage
• Highly developed mathematical / statistical knowledge in (re)insurance
• Effective communication skills and ability to translate complex models in business terms
• Strong business acumen and interpersonal skills
• Team player and willingness to train junior members in the team
• Detailed knowledge of actuarial methods and techniques, and the ability to apply them in practice, making reasoned judgements within a business environment
• Knowledge of a range of modelling techniques and applications for pricing
• Current Lloyd’s market knowledge
• Willingness to continue to develop knowledge of any pricing related matters.
• Knowledge and understanding of FCA regulations and Lloyd’s standards
• Knowledge and understanding of the underlying principles of insurance and reinsurance
• Education and Professional Qualifications Required / (preferred)
• University degree in Mathematics, Actuarial Science, Statistics, Economics or similar discipline.

If you are excited about this role but 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!

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

#BePresent #BeBold #BeCurious