Senior International Delegated Property Underwriter Job In London

Job Description

Senior International Delegated Property Underwriter

• 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.

Key Skills & Experience

Advanced (Level 3) 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;
• 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

Qualifications

• University Degree and/or relevant professional qualification

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.