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- appropriate;
- Ensure the effective management of International Property binders, including performance, EPI monitoring, referrals, bordereaux management, rate movement, claims trends, regular reviews, underwriter visits and audits;
- Enter relevant risk information into S2000 and other appropriate systems, ensuring compliance and KYC requirements are in order;
- Conduct and develop effective relationships with cover holders and brokers, to both strengthen existing trading relationships and secure new business that falls within the Underwriting business plan;
- Conduct and develop effective relationships within Lloyd's and the wider market, with peers and brokers, to keep abreast of market developments that may affect the Syndicate's trading effectiveness;
- Review slips and endorsements along with other placing information and literature, exercising own judgment to ensure the account remains within the Underwriting business plan;
- Monitor on a weekly basis the written and signed premium income of the International Property binder account;
- Monitor on an ongoing basis country aggregates to ensure that acceptances are within agreed limits;
- Prepare and review information for reinsurers as and when required;
- Provide supporting data and reports for team meetings, internal and external meetings, and business plans as and when required;
- Monitor recording of risk entry and amend where appropriate;
- Assist the Group Head in the oversight and supervision of Underwriters and Underwriting Assistants where appropriate;
- Shadow Property Group Head for internal and external meetings, deputising where required;
- Attend, contribute to or chair regular and ad-hoc Property binder team meetings, meetings with colleagues within MRSL, and meetings with cover holders, brokers, suppliers and other entities;
- Ensure that company procedures and systems are followed and maintained, as per procedures and compliance manuals;
- Monitor renewal reports and chase outstanding renewal business;
- Be aware and take ownership of the potential risks facing the business within your own job role and understand the controls that are in place to mitigate them; report all significant changes in these risks, or the effectiveness of controls, to your line manager in a timely manner. In this context risk is the potential for loss or failure to meet business objectives as a consequence of internal or external events;
- Provide underwriting assistance on other classes of business, as and when required;
- 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;
- Carry out such other duties as agreed;
- Ensure that the Peer Review Group (PRG) see appropriate information and respond to PRG queries relating to the property account.
- 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;
- International commercial property business, including liability associated with commercial combined / package business;
- International Homeowners and HVH business;
- 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.
- MS Office Package
- University Degree and/or relevant professional qualification
Senior International Delegated Property Underwriter - London, United Kingdom - Munich Re Specialty Group
Description
Key Skills & Experience
Advanced (Level 3) knowledge and understanding of:
Qualifications
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