Underwriting Assistant, Green Solutions (Carbon Markets & Parametrics)

Munich Re; London; On-site; GBP 30,000 - 50,000; Full time

Job summary

An established industry player is seeking a motivated Underwriting Assistant to join their Green Solutions team in London. This full-time role offers an exciting opportunity to contribute to the transition to a sustainable economy through innovative insurance solutions. You will support the development and underwriting of the Green Solutions Account, ensuring compliance with regulatory obligations while fostering strong relationships with clients and brokers. If you are passionate about climate change and eager to make a positive impact, this role is perfect for you. Join a supportive environment where your contributions will be valued and recognized.

Benefits

Critical Illness Insurance

Life Assurance

Permanent Health Insurance

Wellbeing and Development Scheme

Electric Vehicle Salary Sacrifice Scheme

Study & Continuing Professional Development Support

Qualifications

• Understanding of insurance principles and legal regulations.
• Interest in energy transition and carbon markets.

Responsibilities

• Provide administrative and analytical support for Green Solutions Account.
• Assist in monitoring business metrics and pricing for the account.
• Develop and maintain effective business relationships with brokers.

Skills

Knowledge of Insurance Principles

Legal Principles Understanding

FCA Rules and Regulations

Market Awareness

Interest in Energy Transition

Education

Degree in Business, Finance or Related Field

Job description

Underwriting Assistant, Green Solutions (Carbon Markets & Parametrics)

About us

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.

Underwriting Assistant, Green Solutions (Carbon Markets & Parametrics)

We are currently looking for an Underwriting Assistant to be based in London on a full-time basis, reporting into the Group Head of Carbon & Environmental Commodities.

Climate change is a real and existential threat. It is imperative that the global economy decarbonizes and transitions to “net zero” emissions. By providing targeted insurance solutions, Munich Re’s Green Solutions team aims to contribute to this and act as a “Green Beacon.”

You will support and assist in the development and underwriting of the Green Solutions Account in line with the business plan to facilitate maximum return of profit.

Provide an accurate and quality management function for aspects of the Green Solutions Account, at all times demonstrating care for customers and respect for the regulatory obligations and reputation of the Syndicate.

Responsibilities:

1. Provide administrative and analytical support as follows:
2. Assist in monitoring business metrics (premium income, claims, etc.).
3. Assist in providing management reports as and when required.
4. Support pricing and rate monitoring for the Green Solutions Account.
5. Exposure monitoring and reporting.
6. Take ownership of the administration of delegated authority agreements and business.
7. Assist in developing and maintaining effective business relationships with brokers and clients.
8. Review submissions and/or other information/literature, in support of the underwriters.
9. Conduct research and analysis in support of product and business development.
10. Assist in ensuring Green Solutions Account conforms with the principles of Contract Certainty.
11. Be aware of the potential risks facing the business within own job role and 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.

Knowledge and Skills

Knowledge and understanding of:

• Underlying Principles of Insurance;
• Legal Principles;
• FCA and rules and regulations, including contract certainty issues;
• 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;
• Interest in energy transition, decarbonisation, natural capital, carbon markets, etc.

Diversity, Equity & Inclusion

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 recognize 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