Underwriting Assistant (m/f/d)

Location
London , United Kingdom

Are you looking for new challenge within reinsurance?

Job Purpose:

The role will involve working with underwriting units by undertaking internal processing of new and renewal business through the Company’s insurance and reinsurance systems (UWPF-FAB and BMS2.0) in order to deliver accurate system entries and files that support and are accessible to the business in a timely manner.

Your job

Key Responsibilities:

• Internal processing of new and renewal business as well as endorsements.
• Entering submissions into the system for clearing purposes.
• Create and maintain the electronic business file through Records Management (eBF) to ensure current, accurate documentation is accessible to the business.

General Duties and Tasks:

• Setting up Large Single Risk policies and maintain quality of data in all underwriting systems.
• Reviewing slips, endorsements and other documentation received by the underwriting teams.
• Collaborate with GLISE accounting (RIA) and underwriters on credit control issues.
• Obtain copies of slips and other documentation for claims department as required.
• Set-up, maintain and update eBF for submissions, new and renewal business and endorsements. Ensure any incoming documentation (from any source) is identified and matched to the appropriate file(s).
• Perform quality control of system entries to ensure accurate data input.
• Support the underwriters with the quarterly and year-end process.

Plus any additional duties and responsibilities that may reasonably be expected to be undertaken in accordance with the role.

Your profile

Key Skills and Experience Essential

• Excellent attention to detail - has the ability to recognise information needs and identify and utilise appropriate information sources. Persists in seeking information and adopts a variety of strategies. Questions, checks and evaluates information and sources.
• Communication - able to communicate information clearly and articulately both in oral and written form. Uses appropriate language, style and methods depending on audience and the purpose of communication. Anticipates the information that others will need.
• Action oriented – you take on new tasks, opportunities and challenges with a keen interest and an appetite to learn, and recognise the need to be flexible and adaptable to move things forward.
• Plans and aligns – you plan and prioritise your work to fit with deadlines and longer term goals and collaborate with others when necessary
• Self-development – you demonstrate enthusiasm by seeking new ways to grow and be challenged, through both formal and informal development channels.

Desirable

• Insurance or Reinsurance knowledge
• Knowledge of UWPF-FAB, BMS, Records Management (eBF) and Excel

(intermediate)

Qualifications and Educational Requirements:

• Insurance / Reinsurance knowledge and experience
• Keen to begin the Insurance Diploma

Here at Munich Re we endeavour to offer our staff the opportunity to grow in a challenging, ambitious and diverse working environment. We believe that your commitment to apply your outstanding knowledge shapes the future; the future of our clients, of Munich Re and of course your own.

About us

Benefits

You will be rewarded with a competitive salary, on target bonus, 25 days annual leave with the option to purchase more along with private medical insurance and employers contributory pension of 10%. We offer a hybrid working policy with a mix of working from home and our City of London office.

About Us

Here at Great Lakes London (a Munich Re company) we seek to offer our staff the opportunity to grow in an exciting and diverse working environment. We believe that your dedication to apply your outstanding knowledge crafts the future; the future of our clients, of Munich Re and of course your own. Munich Re is an equal opportunity employer. We celebrate diversity and are committed to crafting an inclusive environment for all our employees.