Dynamic Insurance Underwriting Assistant — Madrid

Munich Re Group; Madrid; On-site; EUR 26,000 - 38,000; Full time

Job summary

Munich Re Group seeks an Underwriting Assistant to be based in Madrid, Spain. You will provide accurate, timely non-regulated services to Underwriting Teams across MRRSI and European branches, contributing to client service and policy administration.

You will enter data, support contract certainty, issue policies and invoices, and help manage credit control. A strong grasp of insurance principles and procedures is essential, with room to grow within a collaborative, governance-aware environment.

Qualifications

• University Degree and/or relevant professional qualification.
• Prior experience working in an insurance company.
• Good knowledge and understanding of: Underlying Principles of Insurance; Legal Principles; Rules and regulations, including contract certainty issues.
• Demonstrate clear understanding of all company specific procedures that relate to own role.
• Willingness to continue to develop knowledge of policies and related issues through formal and informal learning, both internally and externally to the firm.
• Be aware of the potential risks facing the business within own job role and the controls that are in place to mitigate them; and report all significant changes in these risks, or the effectiveness of controls, to your line manager in a timely manner.

Responsibilities

• Enter data into the in-house underwriting system and pricing tools.
• Support the Contract Certainty (CC) process, including CC checklists.
• Issue policies, certificates of coverage, endorsements, and invoices as required.
• Assist in managing credit control and aged debt.
• Maintain renewal lists.
• Ensure procedures and systems are followed per SOPs and compliance manuals.
• Help drive good Conduct for customers and policyholders outcomes.
• Understand escalation lines and responsibilities of relevant governance bodies for Conduct Risk.
• Understand responsibilities of related governance groups for Conduct Risk.

Skills

University degree

Insurance industry experience

Regulatory knowledge

Contract certainty awareness

Procedural understanding

Risk awareness

Education

University Degree

Job description

Munich Re Group seeks an Underwriting Assistant to be based in Madrid, Spain. You will provide accurate, timely non-regulated services to Underwriting Teams across MRRSI and European branches, contributing to client service and policy administration.

You will enter data, support contract certainty, issue policies and invoices, and help manage credit control. A strong grasp of insurance principles and procedures is essential, with room to grow within a collaborative, governance-aware environment.