- Oversee adherence to Munich delegated underwriting bordereaux process in the various classes of business underwritten utilising relevant internal and market tools, namely DDM/Tide and Lloyd's v5.2 Minimum Reporting Standards.
- Manage on-going workload of the bordereaux team and progress towards complete and up-to-date DDM contract profiles, questionnaires, mapping and peer review processes in line with Munich Re, Lloyd's and Lloyd's Europe requirements.
- Assess timeliness and quality of mapped data using Munich Re reporting tools, e.g. Qlikview and PowerPI, and develop new data control processes as necessary, e.g. bordereaux reviews to assess suitability against Lloyd's v5.2 Minimum Reporting Standards.
- Oversee feedback to Lloyd's brokers, coverholders and Munich Re stakeholders on accuracy and timeliness of data provided, including escalation and reporting of data queries and breaches against relevant underwriting controls.
- Provide bordereaux and data training to the bordereaux team and assist with the on-boarding of new team members as necessary.
- Be responsible for standard and ad-hoc reports to internal and external stakeholders including in areas such as Solvency II, Conduct Risk, Lloyd's Europe, FCA (e.g. eligible complainants, RMAR, etc.).
- Assist the Group Head of Delegated Underwriting with delegated underwriting data initiatives and with the enhancement or development of future reports/dashboards.
- Ensure that relevant procedures and systems relating to delegated underwriting and bordereaux management are maintained and updated in accordance with Lloyd's, Munich Re and Group 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 Conduct governance within Munich Re
- Support the process and structure that upholds the requirements set out in the Lloyd's Conduct Risk Minimum Standards and Complaints Principles.
- You are required to comply with the PRA and FCA conduct rules
- Advanced business knowledge and understanding of :Bordereaux analysis and management, e.g. DDM/Tide and other bordereaux management applications, e.g. VIPR Intrali, BORDEREAUXSound knowledge of risk and premium reporting and credit control for delegated underwritingLloyd's delegated authority tools, e.g. Atlas, DCOM, IMR, Blueprint 2Report production, analysis and presentation utilising reporting tools, QlikView, PowerBIUnderlying principles of insurance/reinsurance practiceLloyd's Market practices and regulation, specifically relating to delegated underwriting
- Demonstrate clear understanding of all company specific procedures that relate to own role
- Demonstrate clear understanding of the roles of colleagues and their relationships to the structure and operation of the department and wider organisation
- Demonstrate willingness to continue to develop knowledge through formal and informal learning, both internally and externally to the organisation
- Demonstrate high degree of attention to detail and accuracy and use of relevant reporting tools
- Ability to manage own workload and to work both supportively and jointly with colleagues
- Ability to work under pressure and flexibly when necessary, prioritising tasks, resource planning and meeting deadlines
- Use of communication skills, both written and verbal reporting and presentation, that are both effective and meet business needs
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Delegated Underwriting Bordereaux - London, United Kingdom - Munich Re Specialty Group
Description
The Role
Key Skills & Experience
Knowledge
Skills
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
