Underwriting Analyst, Facultative and Corporate

Underwriting Analyst, Facultative and Corporate

Munich Re Facultative and Corporate (MR F&C) is a global business unit responsible for single risk business written facultative or direct. Since its foundation in 2019, MR F&C has significantly and profitably grown its portfolio, created an efficient operating platform and invested into innovative initiatives.

The Underwriting Analyst (UA) Pool plays a key role in collaborating with the Underwriting team to underwrite and analyse all single risk business. In your role as Underwriting Analyst, you will provide the technical cross-line analysis to the underwriters of MR F&C. The job is based in Singapore.

Responsibilities:

1. Collaborate with Underwriters in preparing in-depth qualitative and quantitative analysis of new business and renewals along the underwriting process including the capturing of risks in our systems. This includes pre-underwriting, conducting analyses and modelling of risks, handling endorsements and post-binding.
2. Ensure that underwriting electronic files and technical entries are up-to-date and in compliance with Munich Re and regulatory reporting standards.
3. Cooperate with Reinsurance Accounting and Reinsurance Controlling to ensure accurate accounting of single risk business.
4. Cooperate with the Claims department in identifying risk-affected locations including linking exposure and losses.
5. Follow up on policy renewals and generate renewal and performance summary reports from multiple sources.
6. Manage data quality in source systems in collaboration with Corporate Underwriting and Reinsurance Controlling.
7. Collaborate and substitute within the global UA framework of Munich Re.
8. Closely coordinate with the Underwriting team in achieving portfolio targets.
9. Project assignment and ad hoc tasks as defined and agreed with the Head of F&C SEA.

Your profile:

1. Min. 1 year experience in underwriting.
2. Detailed knowledge of technical principles of facultative/direct underwriting.
3. Proficiency in Microsoft Office including Word, Excel, and PowerPoint.
4. Strong analytical skills – able to visualize, gather information, articulate and analyse complex problems in order to make critical business decisions.
5. High attention to detail and accuracy.
6. Excellent command of English (additional Asian language would be a plus).
7. Positive attitude and willingness to learn.
8. Good team spirit.
9. Strong IT and analytical skills.
10. Good communication with internal and external stakeholders.
11. Solution-oriented with a focused, proactive, efficient and independent working style.

Flexible and hybrid working arrangements.

Generous annual leave allowance.

Comprehensive dental, life and health insurance coverage.