Assistant Business Manager

Munich Re; London; On-site; GBP 30,000 - 60,000; Full time

Job summary

An established industry player is seeking an Assistant Business Manager to join their dynamic team in London. In this full-time role, you will support the Deputy Active Underwriter and CUO in managing daily operations and administrative tasks, ensuring compliance with regulatory requirements and fostering collaboration across departments. This position offers an opportunity to contribute to strategic initiatives and enhance your professional skills in a supportive environment. If you are organized, communicative, and eager to make an impact in the insurance sector, this role could be your next career step.

Benefits

Critical illness insurance

Life Assurance

Permanent Health Insurance

Wellbeing and Development Scheme

Electric Vehicle Salary Sacrifice Scheme

Study & Continuing Professional Development Support

Qualifications

• Experience in administrative roles within insurance or financial services.
• Strong organisational and time-management skills.
• Excellent written and verbal communication abilities.

Responsibilities

• Support daily operations and administrative tasks within underwriting.
• Assist with the implementation of strategic initiatives.
• Ensure compliance with internal policies and external regulations.

Skills

Administrative support

Organisational skills

Communication skills

Microsoft Office Suite

Understanding of Underwriting Principles

Discretion and professionalism

Tools

Microsoft Word

Microsoft Excel

Microsoft PowerPoint

Microsoft Outlook

Job description

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products, and industry leaders working in a supportive environment to achieve this.

At the heart of our success is a strong culture where people are encouraged to be present, bold, and curious, allowing them to achieve their individual goals.

We are currently looking for an Assistant Business Manager to be based in London on a full-time basis, reporting into the CUO of Business Management.

Responsibilities:

1. Support to Deputy Active Underwriter and CUO Business Management:
   • Assist the Deputy Active Underwriter/ CUO Business Management in managing daily operations and administrative tasks within the underwriting function.
   • Help coordinate the scheduling of meetings, including preparing agendas and supporting documentation.
   • Provide support for regulatory and compliance requirements, ensuring adherence to FCA and PRA rules.
   • Coordinate and collaborate with other departments on issues needing the Deputy Active Underwriters and CUO Business Management's feedback/recommendation and develop strong relationships across the organisation.
2. Project and Strategy Support:
   • Assist with the implementation of strategic initiatives under the guidance of the CUO Business Management and Deputy Active Underwriter.
   • Support the development and coordination of business management activities within the underwriting division.
   • Help prepare reports and presentations for meetings and strategic discussions.
3. Regulatory and Compliance Assistance:
   • Assist in ensuring all business management activities comply with internal policies and external regulations, including Lloyd’s, FCA, and PRA standards.
   • Support risk management efforts by assisting in maintaining continuity plans and monitoring compliance activities.
4. Communication and Representation:
   • Serve as a point of contact for the underwriting team, facilitating communication and collaboration across departments.
   • Represent the business management team in internal and external communications, promoting the organisation’s reputation and integrity.
   • Develop and maintain market awareness.

Knowledge and Skills:

• Experience in an administrative or assistant business management role within the insurance or financial services industry.
• Strong organisational and time-management skills, with tasks to be performed accurately and on time.
• Excellent written and verbal communication abilities.
• Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).
• Ability to work independently and collaboratively within a team.
• High level of discretion and professionalism in handling confidential information.
• Knowledge and understanding of Underwriting Principles, Legal Principles, FCA and Lloyd’s rules and regulations including contract certainty issues, and all company-specific procedures that relate to own role.

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

Learning and innovating today, striving for sustainable societies and business tomorrow

At Munich Re Specialty – Global Markets, our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social, and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.

Benefits:

• Critical illness insurance + Life Assurance + Permanent Health Insurance.
• Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility).
• Electric Vehicle Salary Sacrifice Scheme.
• Study & Continuing Professional Development Support.