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    Commercial Property Underwriters - London, United Kingdom - Munich Re

    Munich Re
    Munich Re London, United Kingdom

    2 days ago

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    Description
    Senior International Delegated Property Underwriter
    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;
    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;
    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;
    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;

    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;
    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;

    Ensure that the Peer Review Group (PRG) see appropriate information and respond to PRG queries relating to the property account.

    Advanced (Level 3) knowledge and understanding of:
    Legal Principles; FCA and Lloyd's rules and regulations including contract certainty issues;
    International commercial property business, including liability associated with commercial combined / package business;
    MS Office Package
    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.
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