Underwriting Assistant

Munich Re; Manchester; On-site; GBP 25,000 - 35,000; Full time

Job summary

A leading provider in specialty insurance is seeking a full-time Underwriting Assistant in Manchester. The role involves data management, supporting Underwriting Teams, and ensuring compliance with procedures. Basic understanding of insurance principles is advantageous. Candidates will benefit from an inclusive work environment and various professional development opportunities.

Benefits

Critical illness and life assurance

Wellbeing and development schemes

Electric Vehicle Salary Sacrifice Scheme

Qualifications

• Willingness to develop knowledge through continuous learning.
• Awareness of regulations and company-specific procedures.
• Understanding of roles within the business structure.

Responsibilities

• Entering data into the S2000 underwriting system and other administrative systems.
• Assisting with managing documents and compliance with company procedures.
• Supporting various Underwriting Teams in their operational needs.

Skills

Basic understanding of insurance principles

Legal principles knowledge

Awareness of risks

Job description

About us

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

Our success is rooted in a strong culture where people are encouraged to be present, bold, and curious, enabling them to achieve their individual goals.

We are currently seeking a full-time Underwriting Assistant in Manchester, reporting to the Head of Underwriting Delivery.

You will provide accurate, timely, and high-quality non-regulated services to various Underwriting Teams, demonstrating care for customers and respect for the company's obligations.

Responsibilities:

• Entering data into the in-house S2000 underwriting system, pricing tools, and other administrative systems.
• Scanning and photocopying documents as required.
• Managing and saving documents.
• Supporting the clearing list and accumulation control processes.
• Assisting with the Contract Certainty (CC) process, including completing the CC checklist.
• Managing electronic placing documentation on platforms such as PPL and Whitespace.
• Reviewing and managing exception reports weekly.
• Posting daily premium closing messages in S2000.
• Assisting with credit control and aged debt management.
• Ensuring compliance with company procedures and systems.
• Attending relevant meetings and taking minutes.
• Supporting new projects or initiatives as needed.
• Performing other ad-hoc administrative tasks.
• Promoting good Conduct to deliver optimal outcomes for customers and policyholders.
• Understanding escalation lines and responsibilities related to Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo, and the Board.

Knowledge and Skills

(Prior knowledge is advantageous but not essential)

• Basic understanding of:
• Principles of Insurance;
• Legal Principles;
• Regulations including PRA/FCA and contract certainty issues;
• Lloyd’s regulations;
• Company-specific procedures related to the role;
• Roles of colleagues and their relation to business structure and plans;
• Willingness to develop knowledge through continuous learning;
• Awareness of risks within the role and controls in place to mitigate them, reporting significant changes promptly.

Diversity, Equity & Inclusion

At Munich Re, DEI fosters innovation and resilience, enabling us to act braver and better. We aim to build a diverse workforce across racial, ethnic, sexual, gender identities, economic, geographic backgrounds, abilities, ages, experiences, and beliefs, ensuring an equitable and inclusive environment where diversity is celebrated and opportunities are equitable.

Candidates can request reasonable adjustments at any recruitment stage by contacting Talent Acquisition.

Our Commitment to Sustainability and Development

Our ESG strategy supports environmental, social, and governance initiatives, including community projects and volunteering opportunities. Benefits include:

• Critical illness, life assurance, and permanent health insurance;
• Wellbeing and development schemes, EAP, and health assessments (eligibility dependent);
• Electric Vehicle Salary Sacrifice Scheme;
• Support for professional development and study.