Company HSB Location Manchester, United Kingdom About the Role We are seeking a detail-oriented and experienced Financial Reporting Manager to join our Finance team. In this pivotal role, you will support the Head of Financial Reporting in ensuring the accurate and timely delivery of financial reporting across group entities, including submissions to our ultimate parent company, Munich Re. This is a fantastic opportunity for a proactive finance professional looking to step into a key role within a global organisation and contribute to the integrity and efficiency of our financial operations. Key Responsibilities: Act as line manager to the Financial Reporting team including 1-2-1s and performance management. Provide leadership to the team in order to: Manage the provision of accurate and timely internal financial reporting to Group and Parent (eg affiliate packs, ECON submissions). Manage the provision of timely and accurate UK GAAP financial statements, Corporation tax returns. Manage and co-ordinate the external audit of all HSB UK&I and MD Group entities financial statements. Provide information for reporting to regulators, ONS, CBI and rating agencies as required. Prepare and collate information for the quarterly Finance, Audit, Compliance and Risk Committees. Deliver well understood and controlled implementation of accounting standards. Support the Head of Financial Reporting and Chief Financial Officer in providing financial information relevant to business decisions. Ensure the implementation of appropriate financial controls over financial reporting including acting as the first sign-off in the Internal Control System. Review existing processes and controls and implement changes with the goal of improving procedures and enhancing automation to improve efficiency whilst ensuring effectiveness of controls. Respond to ad-hoc queries and financial information requests as required Additional Skills and Responsibilities Interacting with People: Establishing relationships and maintaining contacts with employees including Senior Management/Key decision makers. Initiative: Innovative approach to problem solving, anticipating opportunities and the ability to question/challenge existing methods and approaches. Attention to detail: Applying high quality standards to all tasks undertaken. Mentoring: Supporting junior team members towards their achievements and qualifications where appropriate. The ability to communicate effectively at all levels, both verbally and written. Ability and willingness to work flexibly and across locations, where deadlines require, within the Company's required operating hours. Key Skills and Experience Experience in financial accounting, and financial reporting Up to date knowledge of IFRS, US and UK GAAP accounting standards. Strong analytical skills. Insurance industry experience Experience working in a similar organisation Qualifications and Educational Requirements: Qualified accountant (ACA, ACCA, CIMA or equivalent) Personal Attributes: Strong organisational skills. A committed and effective team player A snapshot of some of our benefits: Aviva Digital GP Employer Pension contribution of 13% Annual bonus 25 days annual leave (plus bank holidays) At HSB Group (including Premier Guarantee), 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
Oct 14, 2025
Full time
Company HSB Location Manchester, United Kingdom About the Role We are seeking a detail-oriented and experienced Financial Reporting Manager to join our Finance team. In this pivotal role, you will support the Head of Financial Reporting in ensuring the accurate and timely delivery of financial reporting across group entities, including submissions to our ultimate parent company, Munich Re. This is a fantastic opportunity for a proactive finance professional looking to step into a key role within a global organisation and contribute to the integrity and efficiency of our financial operations. Key Responsibilities: Act as line manager to the Financial Reporting team including 1-2-1s and performance management. Provide leadership to the team in order to: Manage the provision of accurate and timely internal financial reporting to Group and Parent (eg affiliate packs, ECON submissions). Manage the provision of timely and accurate UK GAAP financial statements, Corporation tax returns. Manage and co-ordinate the external audit of all HSB UK&I and MD Group entities financial statements. Provide information for reporting to regulators, ONS, CBI and rating agencies as required. Prepare and collate information for the quarterly Finance, Audit, Compliance and Risk Committees. Deliver well understood and controlled implementation of accounting standards. Support the Head of Financial Reporting and Chief Financial Officer in providing financial information relevant to business decisions. Ensure the implementation of appropriate financial controls over financial reporting including acting as the first sign-off in the Internal Control System. Review existing processes and controls and implement changes with the goal of improving procedures and enhancing automation to improve efficiency whilst ensuring effectiveness of controls. Respond to ad-hoc queries and financial information requests as required Additional Skills and Responsibilities Interacting with People: Establishing relationships and maintaining contacts with employees including Senior Management/Key decision makers. Initiative: Innovative approach to problem solving, anticipating opportunities and the ability to question/challenge existing methods and approaches. Attention to detail: Applying high quality standards to all tasks undertaken. Mentoring: Supporting junior team members towards their achievements and qualifications where appropriate. The ability to communicate effectively at all levels, both verbally and written. Ability and willingness to work flexibly and across locations, where deadlines require, within the Company's required operating hours. Key Skills and Experience Experience in financial accounting, and financial reporting Up to date knowledge of IFRS, US and UK GAAP accounting standards. Strong analytical skills. Insurance industry experience Experience working in a similar organisation Qualifications and Educational Requirements: Qualified accountant (ACA, ACCA, CIMA or equivalent) Personal Attributes: Strong organisational skills. A committed and effective team player A snapshot of some of our benefits: Aviva Digital GP Employer Pension contribution of 13% Annual bonus 25 days annual leave (plus bank holidays) At HSB Group (including Premier Guarantee), 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
Company Great Lakes Insurance SE Location London, United Kingdom Together, we engage with everything we have and are, to help humankind act braver and better. About Great Lakes Insurance SE: As specialty provider of primary insurance services in the UK, Great Lakes London Branch (" GLLB ") is a substantial part of Great Lakes Insurance SE in Munich. Our interlocked business model is to seize opportunities closely connected to the reinsurance core business and innovation opportunities, in our role as an integral part of the Munich Re Group. Great Lakes Insurance SE operates from its headquarters in Munich, and via branch offices in UK, Ireland, Switzerland, Italy and Australia. Great Lakes Insurance UK Limited (" GLLS "), regulated by Prudential Regulation Authority and the Financial Conduct Authority, is a fully owned subsidiary of Great Lakes Insurance SE and acts as the preferred facilitator of agency insurance business in the UK in the post-Brexit world. About the role: Ensuring excellent customer-service to Great Lakes clients and a high-level of data quality when it comes to system maintenance and processing. Good understanding of all of Great Lakes Insurance and Technical Accounting processes and to build relationships between Technical Accounting and their clients (External and Internal). Understanding our delegated authority model here at Great Lakes and providing clients with key support. Focus on the operation task within the RIA UK team. Produce high quality data and provide a high quality service to Internal and External clients, with appropriate escalation where necessary. Key Responsibilities: Handle large datasets and perform Quality Assurance checks for processing of BDX to a high standard. Resolve all queries received from our Delegated Authority clients. Provide support for all internal business units when required. Review and maintain all Technical items on the relevant company ledgers. Contribute to automation ideas for our team to perform to a high level. Adhere to Global processes to achieve effective and efficient ways of working. Support the Quarter End process where necessary . Provide technical support to our delegated authority business managers on all accounting topics . Nimble learning (we think big) - you actively learn by tackling new problems and trying out new solutions, quickly learning from both successes and failures. Collaborates (we lead the 'we') - you work together with others in your team, the department and wider business (where relevant) to meet shared commitments. Optimises work processes (we grow with our clients) - you know the most effective and efficient processes to get things done and are constantly assessing how they can be improved. Resourcefulness (we care and dare) - you find a way to get things done with the best use of the resources available to you, knowing when to ask for support from others, but also offering your support to others where you feel your expertise, knowledge and skills can add value. Communicates effectively (we are clear and authentic) - you communicate clearly and appropriately with your audience. You also share ideas, learn from others and keep stakeholders informed about progress, problems, opportunities and solutions, soliciting feedback along the way. Key Skills & Experience: Good contractual knowledge of Insurance or Re-insurance business. Delegated authority knowledge preferred but not essential. Qualifications and Educational Requirements: Educated to a degree standard or relevant Insurance/Reinsurance experience. Thought Leaders: You will demonstrate inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well. You will treat your colleagues and sales and business partners fairly and with respect. Regulatory & Conduct Requirements: Satisfying all regulatory reporting requirements in collaboration with the reporting function. Ensuring compliance with Munich Re's Code of Conduct and the FCA Conduct Rules . 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. 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! 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.
Oct 10, 2025
Full time
Company Great Lakes Insurance SE Location London, United Kingdom Together, we engage with everything we have and are, to help humankind act braver and better. About Great Lakes Insurance SE: As specialty provider of primary insurance services in the UK, Great Lakes London Branch (" GLLB ") is a substantial part of Great Lakes Insurance SE in Munich. Our interlocked business model is to seize opportunities closely connected to the reinsurance core business and innovation opportunities, in our role as an integral part of the Munich Re Group. Great Lakes Insurance SE operates from its headquarters in Munich, and via branch offices in UK, Ireland, Switzerland, Italy and Australia. Great Lakes Insurance UK Limited (" GLLS "), regulated by Prudential Regulation Authority and the Financial Conduct Authority, is a fully owned subsidiary of Great Lakes Insurance SE and acts as the preferred facilitator of agency insurance business in the UK in the post-Brexit world. About the role: Ensuring excellent customer-service to Great Lakes clients and a high-level of data quality when it comes to system maintenance and processing. Good understanding of all of Great Lakes Insurance and Technical Accounting processes and to build relationships between Technical Accounting and their clients (External and Internal). Understanding our delegated authority model here at Great Lakes and providing clients with key support. Focus on the operation task within the RIA UK team. Produce high quality data and provide a high quality service to Internal and External clients, with appropriate escalation where necessary. Key Responsibilities: Handle large datasets and perform Quality Assurance checks for processing of BDX to a high standard. Resolve all queries received from our Delegated Authority clients. Provide support for all internal business units when required. Review and maintain all Technical items on the relevant company ledgers. Contribute to automation ideas for our team to perform to a high level. Adhere to Global processes to achieve effective and efficient ways of working. Support the Quarter End process where necessary . Provide technical support to our delegated authority business managers on all accounting topics . Nimble learning (we think big) - you actively learn by tackling new problems and trying out new solutions, quickly learning from both successes and failures. Collaborates (we lead the 'we') - you work together with others in your team, the department and wider business (where relevant) to meet shared commitments. Optimises work processes (we grow with our clients) - you know the most effective and efficient processes to get things done and are constantly assessing how they can be improved. Resourcefulness (we care and dare) - you find a way to get things done with the best use of the resources available to you, knowing when to ask for support from others, but also offering your support to others where you feel your expertise, knowledge and skills can add value. Communicates effectively (we are clear and authentic) - you communicate clearly and appropriately with your audience. You also share ideas, learn from others and keep stakeholders informed about progress, problems, opportunities and solutions, soliciting feedback along the way. Key Skills & Experience: Good contractual knowledge of Insurance or Re-insurance business. Delegated authority knowledge preferred but not essential. Qualifications and Educational Requirements: Educated to a degree standard or relevant Insurance/Reinsurance experience. Thought Leaders: You will demonstrate inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well. You will treat your colleagues and sales and business partners fairly and with respect. Regulatory & Conduct Requirements: Satisfying all regulatory reporting requirements in collaboration with the reporting function. Ensuring compliance with Munich Re's Code of Conduct and the FCA Conduct Rules . 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. 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! 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.
Company Great Lakes Insurance SE Location London, United Kingdom Together, we engage with everything we have and are, to help humankind act braver and better. About Great Lakes Insurance SE: As specialty provider of primary insurance services in the UK, Great Lakes London Branch (" GLLB ") is a substantial part of Great Lakes Insurance SE in Munich. Our interlocked business model is to seize opportunities closely connected to the reinsurance core business and innovation opportunities, in our role as an integral part of the Munich Re Group. Great Lakes Insurance SE operates from its headquarters in Munich, and via branch offices in UK, Ireland, Switzerland, Italy and Australia. Great Lakes Insurance UK Limited (" GLLS "), regulated by Prudential Regulation Authority and the Financial Conduct Authority, is a fully owned subsidiary of Great Lakes Insurance SE and acts as the preferred facilitator of agency insurance business in the UK in the post-Brexit world. About the role: The DA Product Governance Manager will be part of a small team responsible for approving, monitoring and reviewing insurance products to ensure they fulfil our regulatory obligations and provide good customer outcomes. They will be responsibility for ensuring that the DA Product Team work closely with existing teams in the development, approval and monitoring and reviewing of products underwritten by Great Lakes. They will liaise with relevant stakeholders throughout the Great Lakes organisation to assist in the development and approval of new products and monitor products to ensure that they adhere to the respective regulatory frameworks and ensure that internal processes and documentation within the team also match requirements. Key Responsibilities: Support the annual review schedule for all Great Lakes manufactured/co-manufactured products taking into account the regulatory demands in the UK. Organise the written report and the feedback to the various stakeholders arising from the review, document the feedback and monitor the outcomes of the review, ensuring that recommendations are achieved within the timeframes. Work with partners to develop new products, ensuring that we bring the necessary skillsets from the Underwriting and Products team to help with the approval and growth of products under the Great Lakes brand Work with the team to ensure that any new products and any changes to existing products follow the POG framework in order to be approved by the Global Underwriting and Product Committee Monitor the development of new and existing products to ensure they perform within the required metrics. Respond to any product related queries. Work with the Product Governance manager on the product reviews and report findings of product reviews to relevant Boards, Committees and Senior Management as required and track actions to completion To help produce, and challenge of, product governance metrics and MI and present these to relevant Boards, Committees and Senior Management as required To help maintain and update all related conduct and compliance policies and support the testing, monitoring and challenge of relevant processes. Ensure internal stakeholders have an understanding of product governance requirements across the business and accomplish training when required To manage the agent financial promotions referral process for UK Agents Collaborate with colleagues across the Underwriting and Product team and beyond to support internal and regulatory oversight requirements. To keep informed of product-related changes in regulation and provide feedback to the product team/internal stakeholders Drives results (we think big) - you consistently achieve results even under tough circumstances, with the organisation's performance in the front of your mind. You make good and timely decisions to keep things moving, using analysis, experience and judgement. Business insight (we think big) - you can apply your knowledge of the business and the market to advance your business' and wider organisation's goals. Collaboration (we lead the 'we') - you identify opportunities and bring the right people together to work on a common goal, encouraging diversity of opinion, whilst maintaining clarity and unity of direction. Client focus (we grow with our clients) - you build and maintain strong client relationships (internal and external), listening to their needs and working with them to ensure value is created. Cultivates innovation (we grow with our clients) - you create new and better ways for Munich Re to be successful e.g., generating ideas, creating efficiencies, harnessing new technology etc. Courage (we care and dare) - you are willing to challenge the status quo and address difficult issues, saying what you believe needs to be said. You also continue to operate effectively even when things are uncertain and the way forward is unclear. Persuades (we are clear and authentic) - you use clear and compelling arguments to gain the support, enthusiasm and commitment of others, whilst ensuring you take time to actively listen to the diversity of views and opinions. Key Skills & Experience: Strong communication skills and ability to interact in Group project teams and cross-divisional project teams in a dynamic environment Passion to strive for Great Lakes underwriting oversight goals together with a diverse set of stakeholders Strong analytical abilities and organisational skills. Ideally, knowledge of Munich Re Group organisation. Understanding of the relevant regulatory regimes that impact Great Lakes business Previous review experience and/or underwriting or audit experience beneficial and e xperience in wordings and contracts would be useful Qualifications and Educational Requirements: • University degree or insurance qualifications; • Business English essential and knowledge of a European second language beneficial Thought Leaders: You are seen as an expert in your field and will be the 'go to' person for your area of specialism within Munich Re. You will be seen as a role model/mentor to others - identifying opportunities to share your knowledge with others. You will demonstrate and role model inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well. You will treat your colleagues and sales and business partners fairly and with respect. Regulatory & Conduct Requirements: In addition to the responsibilities set out above, the role will also become responsible for: Ensure compliance with FCA PROD 4 requirements Satisfying all regulatory reporting requirements in collaboration with the reporting function Ensuring compliance with Munich Re's Code of Conduct and the FCA Conduct Rules You will be rewarded with a great compensation package, on target bonus, 25 days annual leave with the option to purchase more along with private medical insurance and employers' contributory pension of 10%. We are one of the few employers to offer fully paid 6months family leave for times when you need it the most . 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 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. 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! 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.
Oct 09, 2025
Full time
Company Great Lakes Insurance SE Location London, United Kingdom Together, we engage with everything we have and are, to help humankind act braver and better. About Great Lakes Insurance SE: As specialty provider of primary insurance services in the UK, Great Lakes London Branch (" GLLB ") is a substantial part of Great Lakes Insurance SE in Munich. Our interlocked business model is to seize opportunities closely connected to the reinsurance core business and innovation opportunities, in our role as an integral part of the Munich Re Group. Great Lakes Insurance SE operates from its headquarters in Munich, and via branch offices in UK, Ireland, Switzerland, Italy and Australia. Great Lakes Insurance UK Limited (" GLLS "), regulated by Prudential Regulation Authority and the Financial Conduct Authority, is a fully owned subsidiary of Great Lakes Insurance SE and acts as the preferred facilitator of agency insurance business in the UK in the post-Brexit world. About the role: The DA Product Governance Manager will be part of a small team responsible for approving, monitoring and reviewing insurance products to ensure they fulfil our regulatory obligations and provide good customer outcomes. They will be responsibility for ensuring that the DA Product Team work closely with existing teams in the development, approval and monitoring and reviewing of products underwritten by Great Lakes. They will liaise with relevant stakeholders throughout the Great Lakes organisation to assist in the development and approval of new products and monitor products to ensure that they adhere to the respective regulatory frameworks and ensure that internal processes and documentation within the team also match requirements. Key Responsibilities: Support the annual review schedule for all Great Lakes manufactured/co-manufactured products taking into account the regulatory demands in the UK. Organise the written report and the feedback to the various stakeholders arising from the review, document the feedback and monitor the outcomes of the review, ensuring that recommendations are achieved within the timeframes. Work with partners to develop new products, ensuring that we bring the necessary skillsets from the Underwriting and Products team to help with the approval and growth of products under the Great Lakes brand Work with the team to ensure that any new products and any changes to existing products follow the POG framework in order to be approved by the Global Underwriting and Product Committee Monitor the development of new and existing products to ensure they perform within the required metrics. Respond to any product related queries. Work with the Product Governance manager on the product reviews and report findings of product reviews to relevant Boards, Committees and Senior Management as required and track actions to completion To help produce, and challenge of, product governance metrics and MI and present these to relevant Boards, Committees and Senior Management as required To help maintain and update all related conduct and compliance policies and support the testing, monitoring and challenge of relevant processes. Ensure internal stakeholders have an understanding of product governance requirements across the business and accomplish training when required To manage the agent financial promotions referral process for UK Agents Collaborate with colleagues across the Underwriting and Product team and beyond to support internal and regulatory oversight requirements. To keep informed of product-related changes in regulation and provide feedback to the product team/internal stakeholders Drives results (we think big) - you consistently achieve results even under tough circumstances, with the organisation's performance in the front of your mind. You make good and timely decisions to keep things moving, using analysis, experience and judgement. Business insight (we think big) - you can apply your knowledge of the business and the market to advance your business' and wider organisation's goals. Collaboration (we lead the 'we') - you identify opportunities and bring the right people together to work on a common goal, encouraging diversity of opinion, whilst maintaining clarity and unity of direction. Client focus (we grow with our clients) - you build and maintain strong client relationships (internal and external), listening to their needs and working with them to ensure value is created. Cultivates innovation (we grow with our clients) - you create new and better ways for Munich Re to be successful e.g., generating ideas, creating efficiencies, harnessing new technology etc. Courage (we care and dare) - you are willing to challenge the status quo and address difficult issues, saying what you believe needs to be said. You also continue to operate effectively even when things are uncertain and the way forward is unclear. Persuades (we are clear and authentic) - you use clear and compelling arguments to gain the support, enthusiasm and commitment of others, whilst ensuring you take time to actively listen to the diversity of views and opinions. Key Skills & Experience: Strong communication skills and ability to interact in Group project teams and cross-divisional project teams in a dynamic environment Passion to strive for Great Lakes underwriting oversight goals together with a diverse set of stakeholders Strong analytical abilities and organisational skills. Ideally, knowledge of Munich Re Group organisation. Understanding of the relevant regulatory regimes that impact Great Lakes business Previous review experience and/or underwriting or audit experience beneficial and e xperience in wordings and contracts would be useful Qualifications and Educational Requirements: • University degree or insurance qualifications; • Business English essential and knowledge of a European second language beneficial Thought Leaders: You are seen as an expert in your field and will be the 'go to' person for your area of specialism within Munich Re. You will be seen as a role model/mentor to others - identifying opportunities to share your knowledge with others. You will demonstrate and role model inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well. You will treat your colleagues and sales and business partners fairly and with respect. Regulatory & Conduct Requirements: In addition to the responsibilities set out above, the role will also become responsible for: Ensure compliance with FCA PROD 4 requirements Satisfying all regulatory reporting requirements in collaboration with the reporting function Ensuring compliance with Munich Re's Code of Conduct and the FCA Conduct Rules You will be rewarded with a great compensation package, on target bonus, 25 days annual leave with the option to purchase more along with private medical insurance and employers' contributory pension of 10%. We are one of the few employers to offer fully paid 6months family leave for times when you need it the most . 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 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. 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! 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.
About UK Life Branch With our head office in Munich, the UK Life Branch (UKLB) is based in 1 Fen Court, London. The UK life market is one of the, if not the, most competitive life markets in the world. Life insurers work in a dynamic market where medical advancements, demographic trends and changing lifestyles are constantly giving rise to new risk landscapes. This demanding situation is further challenged by changing regulations and ever tougher competitive competition. With modest long-term growth, decreasing number of insurers, and an over supply of reinsurers, we need an effectively executed, smart strategy, in order to succeed. Against this context, the UKLB has surpassed its 2025 ambition ahead of time. Fueled by our achievement, we have set our 2030 ambition and are already underway with creating the foundations to meet our future stretch targets. This is a unique and exciting time to be joining the UKLB and to lead the UK Business Development team at the start of our transformative journey on our continued growth story. We are proud to work in collaboration with our clients and provide the financial strength of the world's largest reinsurer, global expertise and sharp pricing so that they are both competitive and profitable. About the role The Head of UK Business Development role is a pivotal and influential position within the UK Protection division. As part of the Protection Leadership Team, you will report to the Head of Protection on the UK ExCo. With a strong understanding of the UK advised Protection market, you will be responsible for shaping and delivering the new business strategy, identifying sustainable and profitable opportunities in line with agreed strategy and risk appetite. In a market facing modest long-term growth, continued consolidation of insurers, and oversupply of reinsurers, this is a challenging and rewarding opportunity. Success will come from developing yourself and a diverse team of Business Developers, and from collaborating across disciplines - with actuaries, underwriters, claims specialists, and other experts. Progress will be achieved through collective effort, not individual contribution alone. Key Responsibilities Business Management and Strategy Protect and grow the UK in-force business, ensuring alignment with commercial appetite, IFRS, VNB metrics, and other relevant measures. Design and deliver clear client strategies and objectives that support UKLB and Protection priorities, through best-in-class client management. Build and manage an active new business pipeline aligned with UKLB and Protection strategy, overseeing an effective quote process to achieve optimal commercial outcomes. Analyse complex client and industry situations, presenting clear options, solutions, risks, and actions to safeguard the bottom line and foster sustainable partnerships. Team Leadership and Development Support and develop the Business Development team to meet financial targets and personal growth aspirations through coaching, training, and constructive feedback, delivered respectfully. Motivate the team to demonstrate a growth mindset, resilience, and excellence, aspiring to be "best in class" in the market. Foster an inclusive, collaborative, and inspiring team culture, creating a safe and supportive environment that encourages learning, diversity, and high performance. Ensure the team operates in line with the UK regulatory environment, UKLB risk appetite, pricing basis, legal requirements, and other relevant standards. Operational Excellence and Communication Coordinate and prioritise internal resources to deliver on both internal and client commitments effectively, while supporting team wellbeing. Lead the effective use of hospitality and external marketing to reinforce Munich Re's thought leadership and strengthen client relationships. Maintain open and transparent communication across the branch, including with the Protection Leadership Team and UKLB ExCo, ensuring alignment and a no-surprise approach. People and Culture Actively support the wellbeing of all colleagues across UKLB, drawing on appropriate resources where needed. Champion diversity, equity, and inclusion by standing up for underrepresented groups, challenging behaviours that do not align with our values, and acting as a visible ally. Recognise the influence of your leadership and set a positive example in line with our Leadership Values, contributing to initiatives that support and strengthen UKLB's culture. Plus any additional duties and responsibilities that may reasonably be expected to be undertaken in accordance with the role. Key Skills & Experience Demonstrated experience in leading and supporting a team to deliver on objectives while encouraging ongoing learning and development. Strong understanding of the UK advised Protection market with a proven record of relevant commercial and business experience. Clear and effective communicator with excellent interpersonal and presentation skills. Skilled in negotiation and relationship management. Ability to assess complex situations, exercise sound judgment, and prioritise effectively. Strong organisational capability to balance deadlines and client expectations. Ability to produce high-quality written material tailored to purpose and audience. Experience of engaging and influencing at ExCo or senior leadership level. Proficiency with spreadsheets and data analysis. Experience in Life Reinsurance; actuarial background (qualified or part-qualified) would be an advantage. Desired Qualifications and Educational Background No specific educational requirements. An actuarial qualification (full or part) would be beneficial but not essential. Regulatory & Conduct Requirements In addition to the responsibilities set out above, the Head of Business Development role will also become responsible for: Understanding the responsibilities and adhering to the requirements of undertaking a regulated role under the Senior Manager and Certification Regime Ensure compliance with Insurance Distribution Directive Satisfying all regulatory reporting requirements in collaboration with the reporting function Liaising with all relevant regulatory bodies in the UK, creating a highly credible reputation and strong, collaborative relationship Ensuring compliance with Munich Re's Code of Conduct and the FCA Conduct Rules You will be rewarded with a great compensation package, on target bonus, 25 days annual leave with the option to purchase more along with private medical insurance and employers' contributory pension of 10% We are one of the few employers to offer fully paid 6months family leave for times when you need it the most. About us You will work in an environment where we think big: Change and culture are continuously role-modelled. We create and articulate a compelling and ambitious shared purpose, vision and direction. We pave the way towards success and see failure as learning You are going to experience that we care & dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders We communicate in a clear & authentic way: We interact with a positive and humble spirit. We solicit feedback, ask and listen, learn and unlearn You will grow with your clients: Whatever our role, we support business, in an efficient and effective way, to create value for our clients. We embrace new ways of working using digitalisation to deliver solutions We lead the We: We have a passion for winning and growing as a team. We inspire people to be capable of joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged At Munich Re, embracing the power of differences is at the core of who we are. We believe diversity fosters resilience and innovation and enables us to act on our purpose of helping humankind act braver and better. 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. 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! 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.
Oct 09, 2025
Full time
About UK Life Branch With our head office in Munich, the UK Life Branch (UKLB) is based in 1 Fen Court, London. The UK life market is one of the, if not the, most competitive life markets in the world. Life insurers work in a dynamic market where medical advancements, demographic trends and changing lifestyles are constantly giving rise to new risk landscapes. This demanding situation is further challenged by changing regulations and ever tougher competitive competition. With modest long-term growth, decreasing number of insurers, and an over supply of reinsurers, we need an effectively executed, smart strategy, in order to succeed. Against this context, the UKLB has surpassed its 2025 ambition ahead of time. Fueled by our achievement, we have set our 2030 ambition and are already underway with creating the foundations to meet our future stretch targets. This is a unique and exciting time to be joining the UKLB and to lead the UK Business Development team at the start of our transformative journey on our continued growth story. We are proud to work in collaboration with our clients and provide the financial strength of the world's largest reinsurer, global expertise and sharp pricing so that they are both competitive and profitable. About the role The Head of UK Business Development role is a pivotal and influential position within the UK Protection division. As part of the Protection Leadership Team, you will report to the Head of Protection on the UK ExCo. With a strong understanding of the UK advised Protection market, you will be responsible for shaping and delivering the new business strategy, identifying sustainable and profitable opportunities in line with agreed strategy and risk appetite. In a market facing modest long-term growth, continued consolidation of insurers, and oversupply of reinsurers, this is a challenging and rewarding opportunity. Success will come from developing yourself and a diverse team of Business Developers, and from collaborating across disciplines - with actuaries, underwriters, claims specialists, and other experts. Progress will be achieved through collective effort, not individual contribution alone. Key Responsibilities Business Management and Strategy Protect and grow the UK in-force business, ensuring alignment with commercial appetite, IFRS, VNB metrics, and other relevant measures. Design and deliver clear client strategies and objectives that support UKLB and Protection priorities, through best-in-class client management. Build and manage an active new business pipeline aligned with UKLB and Protection strategy, overseeing an effective quote process to achieve optimal commercial outcomes. Analyse complex client and industry situations, presenting clear options, solutions, risks, and actions to safeguard the bottom line and foster sustainable partnerships. Team Leadership and Development Support and develop the Business Development team to meet financial targets and personal growth aspirations through coaching, training, and constructive feedback, delivered respectfully. Motivate the team to demonstrate a growth mindset, resilience, and excellence, aspiring to be "best in class" in the market. Foster an inclusive, collaborative, and inspiring team culture, creating a safe and supportive environment that encourages learning, diversity, and high performance. Ensure the team operates in line with the UK regulatory environment, UKLB risk appetite, pricing basis, legal requirements, and other relevant standards. Operational Excellence and Communication Coordinate and prioritise internal resources to deliver on both internal and client commitments effectively, while supporting team wellbeing. Lead the effective use of hospitality and external marketing to reinforce Munich Re's thought leadership and strengthen client relationships. Maintain open and transparent communication across the branch, including with the Protection Leadership Team and UKLB ExCo, ensuring alignment and a no-surprise approach. People and Culture Actively support the wellbeing of all colleagues across UKLB, drawing on appropriate resources where needed. Champion diversity, equity, and inclusion by standing up for underrepresented groups, challenging behaviours that do not align with our values, and acting as a visible ally. Recognise the influence of your leadership and set a positive example in line with our Leadership Values, contributing to initiatives that support and strengthen UKLB's culture. Plus any additional duties and responsibilities that may reasonably be expected to be undertaken in accordance with the role. Key Skills & Experience Demonstrated experience in leading and supporting a team to deliver on objectives while encouraging ongoing learning and development. Strong understanding of the UK advised Protection market with a proven record of relevant commercial and business experience. Clear and effective communicator with excellent interpersonal and presentation skills. Skilled in negotiation and relationship management. Ability to assess complex situations, exercise sound judgment, and prioritise effectively. Strong organisational capability to balance deadlines and client expectations. Ability to produce high-quality written material tailored to purpose and audience. Experience of engaging and influencing at ExCo or senior leadership level. Proficiency with spreadsheets and data analysis. Experience in Life Reinsurance; actuarial background (qualified or part-qualified) would be an advantage. Desired Qualifications and Educational Background No specific educational requirements. An actuarial qualification (full or part) would be beneficial but not essential. Regulatory & Conduct Requirements In addition to the responsibilities set out above, the Head of Business Development role will also become responsible for: Understanding the responsibilities and adhering to the requirements of undertaking a regulated role under the Senior Manager and Certification Regime Ensure compliance with Insurance Distribution Directive Satisfying all regulatory reporting requirements in collaboration with the reporting function Liaising with all relevant regulatory bodies in the UK, creating a highly credible reputation and strong, collaborative relationship Ensuring compliance with Munich Re's Code of Conduct and the FCA Conduct Rules You will be rewarded with a great compensation package, on target bonus, 25 days annual leave with the option to purchase more along with private medical insurance and employers' contributory pension of 10% We are one of the few employers to offer fully paid 6months family leave for times when you need it the most. About us You will work in an environment where we think big: Change and culture are continuously role-modelled. We create and articulate a compelling and ambitious shared purpose, vision and direction. We pave the way towards success and see failure as learning You are going to experience that we care & dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders We communicate in a clear & authentic way: We interact with a positive and humble spirit. We solicit feedback, ask and listen, learn and unlearn You will grow with your clients: Whatever our role, we support business, in an efficient and effective way, to create value for our clients. We embrace new ways of working using digitalisation to deliver solutions We lead the We: We have a passion for winning and growing as a team. We inspire people to be capable of joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged At Munich Re, embracing the power of differences is at the core of who we are. We believe diversity fosters resilience and innovation and enables us to act on our purpose of helping humankind act braver and better. 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. 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! 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.
Senior Underwriter Epidemic Risk Solutions (m/f/d) for the MR Markets Division - Epidemic Risk Solutions Epidemic Risk Solutions (ERS) develops risk-transfer solutions for epidemic and pandemic risks for non-life, life, and public sector insurance. Epidemics are outbreaks of contagious diseases that severely impact corporations, the economy, and insurers' portfolios. Past epidemics led to significant revenue losses or significant additional expenses in many industries, e.g., tourism and travel, hospitals, and labour-intensive production sites. By better understanding and evaluating epidemic risk exposure, we try to turn this risk into an opportunity and globally advance the development of a new business field for Munich Re. Besides providing innovative solutions for businesses in various industry segments (e.g., non-damage business interruption), public sector and reinsurance products as well as transformation of these risks into capital market instruments are within the scope of ERS. The focus of this role will be on non-life business. In this challenging and demanding context, we are looking for an experienced underwriter or originator to cover diverse inquiries in an international environment. The job has a strong focus on new business origination, structuring of adapted solutions, and execution of the underwriting process in an entrepreneurial approach. This role is not filling an existing vacancy, but is intended to accelerate business development. This creates a certain level of flexibility in approach. We are open to consider both candidates with an excellent business origination network and a strong technical understanding, as well as candidates with a structuring background who are looking to move towards responsibility for business development. YOUR JOB Development of our global business through (global) origination of new business via various sales channels (direct corporate business, reinsurance, reinsurance and retail brokers, and others) Assess and write epidemic risks in various lines of business with a focus on transaction structuring, risk assessment, and wording Identification of client needs for devising and structuring new or adjusted types of insurance coverage accompanied by bespoke services in cooperation with interdisciplinary team members Originate new customer relationships, maintain and intensify existing customer relationships Leading negotiations of transaction terms with corporates, brokers and cedents Manage deal teams across various departments, ensuring a smooth underwriting process Ensure high underwriting standards for the global ERS team Contribute to expanding and refining the wording base for epidemic risk business Manage the risk portfolio, including portfolio administration Active participation in internal approval processes for customer transactions and new product initiatives Pushing of market development and creation of visibility of the epidemic risk business expertise, securing opinion leadership, e.g., by presentations at workshops and conferences Quality assurance of solution proposals and related documentation, including perceived quality of customer interactions of Munich Re Advise deal teams on accumulation control via product design and appropriate risk management techniques, including structuring of distribution/offloading transactions Contribute to transforming risk in transactions of different types and legal forms Advance processes, data and tools for transaction and portfolio management and administration Support claims settlements and support determining the obligation to indemnify YOUR PROFILE University degree in business, risk management & insurance, mathematics, law or a related subject 10+ years of business origination and underwriting experience, ideally in various lines of business, with a focus on complex non-standard business, including facultative business, industrial business, captives or specialty lines (non-life), or structured reinsurance Broad and strong industry network as a basis for new business origination and forming strategic partnerships with other institutions Strong understanding of legal implications and effectiveness of contract wordings Experience and track-record of independent structuring of new insurance products Proven expert knowledge of methods, tools and underwriting guidelines, capable of market standard setting Willingness to explore new product concepts and to expand own expertise Experience in dealing with clients at the senior executive level Exceptional presentation skills, particularly in the communication of complex ideas Ability to proficiently communicate technical and strategic features of transactions (such as pricing bases, accumulation risk management, reporting impacts, etc.) Intrinsic motivation, commercial instinct, out-of-the-box thinking Strong analytical and conceptual skills as well as parallel support for several complex projects and project team members - also in a cross-disciplinary, international and multicultural environment Confident and affable manner, negotiating skills and strong customer focus Preferably, experience from developed as well as emerging markets Commitment and willingness to travel Proactive and innovative in solving problems as well as high personal integrity and flexibility in a rapidly changing environment Independent, reliable, and consistent working style, but still a good team player Fluent English speaker (other languages are a plus)
Oct 01, 2025
Full time
Senior Underwriter Epidemic Risk Solutions (m/f/d) for the MR Markets Division - Epidemic Risk Solutions Epidemic Risk Solutions (ERS) develops risk-transfer solutions for epidemic and pandemic risks for non-life, life, and public sector insurance. Epidemics are outbreaks of contagious diseases that severely impact corporations, the economy, and insurers' portfolios. Past epidemics led to significant revenue losses or significant additional expenses in many industries, e.g., tourism and travel, hospitals, and labour-intensive production sites. By better understanding and evaluating epidemic risk exposure, we try to turn this risk into an opportunity and globally advance the development of a new business field for Munich Re. Besides providing innovative solutions for businesses in various industry segments (e.g., non-damage business interruption), public sector and reinsurance products as well as transformation of these risks into capital market instruments are within the scope of ERS. The focus of this role will be on non-life business. In this challenging and demanding context, we are looking for an experienced underwriter or originator to cover diverse inquiries in an international environment. The job has a strong focus on new business origination, structuring of adapted solutions, and execution of the underwriting process in an entrepreneurial approach. This role is not filling an existing vacancy, but is intended to accelerate business development. This creates a certain level of flexibility in approach. We are open to consider both candidates with an excellent business origination network and a strong technical understanding, as well as candidates with a structuring background who are looking to move towards responsibility for business development. YOUR JOB Development of our global business through (global) origination of new business via various sales channels (direct corporate business, reinsurance, reinsurance and retail brokers, and others) Assess and write epidemic risks in various lines of business with a focus on transaction structuring, risk assessment, and wording Identification of client needs for devising and structuring new or adjusted types of insurance coverage accompanied by bespoke services in cooperation with interdisciplinary team members Originate new customer relationships, maintain and intensify existing customer relationships Leading negotiations of transaction terms with corporates, brokers and cedents Manage deal teams across various departments, ensuring a smooth underwriting process Ensure high underwriting standards for the global ERS team Contribute to expanding and refining the wording base for epidemic risk business Manage the risk portfolio, including portfolio administration Active participation in internal approval processes for customer transactions and new product initiatives Pushing of market development and creation of visibility of the epidemic risk business expertise, securing opinion leadership, e.g., by presentations at workshops and conferences Quality assurance of solution proposals and related documentation, including perceived quality of customer interactions of Munich Re Advise deal teams on accumulation control via product design and appropriate risk management techniques, including structuring of distribution/offloading transactions Contribute to transforming risk in transactions of different types and legal forms Advance processes, data and tools for transaction and portfolio management and administration Support claims settlements and support determining the obligation to indemnify YOUR PROFILE University degree in business, risk management & insurance, mathematics, law or a related subject 10+ years of business origination and underwriting experience, ideally in various lines of business, with a focus on complex non-standard business, including facultative business, industrial business, captives or specialty lines (non-life), or structured reinsurance Broad and strong industry network as a basis for new business origination and forming strategic partnerships with other institutions Strong understanding of legal implications and effectiveness of contract wordings Experience and track-record of independent structuring of new insurance products Proven expert knowledge of methods, tools and underwriting guidelines, capable of market standard setting Willingness to explore new product concepts and to expand own expertise Experience in dealing with clients at the senior executive level Exceptional presentation skills, particularly in the communication of complex ideas Ability to proficiently communicate technical and strategic features of transactions (such as pricing bases, accumulation risk management, reporting impacts, etc.) Intrinsic motivation, commercial instinct, out-of-the-box thinking Strong analytical and conceptual skills as well as parallel support for several complex projects and project team members - also in a cross-disciplinary, international and multicultural environment Confident and affable manner, negotiating skills and strong customer focus Preferably, experience from developed as well as emerging markets Commitment and willingness to travel Proactive and innovative in solving problems as well as high personal integrity and flexibility in a rapidly changing environment Independent, reliable, and consistent working style, but still a good team player Fluent English speaker (other languages are a plus)
Company HSB Location Manchester, United Kingdom Location: UK Permanent Job Purpose: Reporting into the Risk Manager, the Senior Risk Analyst will play a critical role in supporting the organisation's risk management framework, focusing on Financial and Non-Financial risks and ensuring risks are identified, assessed, monitored, and reported effectively across the business. The role requires strong analytical skills, sound judgment, and the ability to communicate insights clearly to senior management and stakeholders. The Senior Risk Analyst will provide independent second line oversight, challenge, and support to the business in managing financial, operational, regulatory, and strategic risks. Key Responsibilities: Reporting to the Risk Manager, the key responsibilities of the role include the following: Support the ongoing development and embedding of the Risk Management Framework (RMF). Contribute to review and update of the risk policies, procedures, and governance structures. Provide oversight and challenge on the effectiveness of first line risk management. Maintain the Company's Risk Strategy document and Annual Risk Management Plan/Objectives Promote a positive risk culture and awareness through education of key staff on risk management and Munich Re risk management practices. Facilitate and review risk and control self-assessments (RCSAs) via the Munich Re ORCS system. Analyse emerging risks, horizon scanning, and scenario planning. Support the business in assessing risks associated with new products, initiatives, and projects. Perform other reviews and tests of established procedures and make recommendations for improvements as needed; Monitor and report on the performance of actions resulting from attestation reviews; Produce high-quality risk reports and dashboards for senior management, risk committees, and the Board. Track Key Risk Indicators (KRIs) and escalate issues where tolerances are breached. Maintain risk registers and ensure timely updates from risk owners. Provide input to regulatory reporting and submissions e.g. ORSA, SFCR, RSR. Regulatory Compliance & Oversight Support compliance with PRA/FCA, CBI, and Group risk management requirements. Monitor and interpret changes in regulatory and industry risk standards. Investigate and analyse risk events and near misses, ensuring lessons learned are embedded. Provide oversight of incident management and business continuity planning. Evaluate control effectiveness and recommend improvements. Stakeholder Engagement Build strong relationships with business leaders to promote a positive risk culture. Support and challenge senior managers in decision-making with risk insights. Deliver risk training and awareness sessions where appropriate Other responsibilities: Testing the operational effectiveness of key controls (not MARSOX), including but not limited to sampling of first line checks. Provide proactive support and guidance to the business on control design and performance in order to manage risk exposures. To act as a communication champion for risk in your touch points with the business. Key Skills & Experience: 5+ years' experience in risk management, financial services (insurance experience desirable). Excellent oral and written communication skills. Experience producing risk reports for senior audiences (committees/boards) Excellent knowledge of risk frameworks, governance, and control concepts. Strong analytical, problem-solving, and critical thinking skills. Ability to work remotely where required Ability to manage multiple priorities and work independently. Skilled in both Excel and PowerPoint Familiarity with Solvency II, PRA/FCA/CBI requirements, and other relevant regulation. Experience with risk systems/tools (e.g., Archer, Riskonnect). Exposure to both operational and financial risk disciplines. Qualifications & Educational Requirements: Aviva Digital GP Employer Pension contribution of 13% Annual bonus 25 days annual leave (plus bank holidays) At HSB Group (including Premier Gurantee), 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.
Sep 18, 2025
Full time
Company HSB Location Manchester, United Kingdom Location: UK Permanent Job Purpose: Reporting into the Risk Manager, the Senior Risk Analyst will play a critical role in supporting the organisation's risk management framework, focusing on Financial and Non-Financial risks and ensuring risks are identified, assessed, monitored, and reported effectively across the business. The role requires strong analytical skills, sound judgment, and the ability to communicate insights clearly to senior management and stakeholders. The Senior Risk Analyst will provide independent second line oversight, challenge, and support to the business in managing financial, operational, regulatory, and strategic risks. Key Responsibilities: Reporting to the Risk Manager, the key responsibilities of the role include the following: Support the ongoing development and embedding of the Risk Management Framework (RMF). Contribute to review and update of the risk policies, procedures, and governance structures. Provide oversight and challenge on the effectiveness of first line risk management. Maintain the Company's Risk Strategy document and Annual Risk Management Plan/Objectives Promote a positive risk culture and awareness through education of key staff on risk management and Munich Re risk management practices. Facilitate and review risk and control self-assessments (RCSAs) via the Munich Re ORCS system. Analyse emerging risks, horizon scanning, and scenario planning. Support the business in assessing risks associated with new products, initiatives, and projects. Perform other reviews and tests of established procedures and make recommendations for improvements as needed; Monitor and report on the performance of actions resulting from attestation reviews; Produce high-quality risk reports and dashboards for senior management, risk committees, and the Board. Track Key Risk Indicators (KRIs) and escalate issues where tolerances are breached. Maintain risk registers and ensure timely updates from risk owners. Provide input to regulatory reporting and submissions e.g. ORSA, SFCR, RSR. Regulatory Compliance & Oversight Support compliance with PRA/FCA, CBI, and Group risk management requirements. Monitor and interpret changes in regulatory and industry risk standards. Investigate and analyse risk events and near misses, ensuring lessons learned are embedded. Provide oversight of incident management and business continuity planning. Evaluate control effectiveness and recommend improvements. Stakeholder Engagement Build strong relationships with business leaders to promote a positive risk culture. Support and challenge senior managers in decision-making with risk insights. Deliver risk training and awareness sessions where appropriate Other responsibilities: Testing the operational effectiveness of key controls (not MARSOX), including but not limited to sampling of first line checks. Provide proactive support and guidance to the business on control design and performance in order to manage risk exposures. To act as a communication champion for risk in your touch points with the business. Key Skills & Experience: 5+ years' experience in risk management, financial services (insurance experience desirable). Excellent oral and written communication skills. Experience producing risk reports for senior audiences (committees/boards) Excellent knowledge of risk frameworks, governance, and control concepts. Strong analytical, problem-solving, and critical thinking skills. Ability to work remotely where required Ability to manage multiple priorities and work independently. Skilled in both Excel and PowerPoint Familiarity with Solvency II, PRA/FCA/CBI requirements, and other relevant regulation. Experience with risk systems/tools (e.g., Archer, Riskonnect). Exposure to both operational and financial risk disciplines. Qualifications & Educational Requirements: Aviva Digital GP Employer Pension contribution of 13% Annual bonus 25 days annual leave (plus bank holidays) At HSB Group (including Premier Gurantee), 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.
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 a Senior Project Manager, to be based in London or Manchester on a full-time basis, reporting into the Head of Section. Responsibilities: Define and manage project scope, develop project charter, and plan deliverables, times, costs, and resources. Manage, monitor, and report progress against the project plan, ensuring consistent and transparent communication to Management and Executive Leadership. Establish and maintain effective working relationships with all stakeholders and act as the key point of contact for the IAM Team. Identify issues and risks, analyze options, and manage impacts to mitigate delays, taking appropriate action to keep the project on track, leveraging support from stakeholders and management as needed. Manage changes to project scope, budget, and schedule. Establish effective project communication, stakeholder engagement, and reporting mechanisms. Collaborate with business stakeholders and IT teams to find solutions and ensure end-to-end implementation. Perform risk management to minimize potential risks and their negative impacts. Ensure adherence to Munich Re's project management standards. Create and maintain comprehensive project documentation. Knowledge and Skills: Bachelor's Degree in Computer Science, Information Systems, Business Administration, or equivalent work experience. Multiple years of relevant work experience. Experience in IT-related project management, ideally in IAM or IT Security domains. Knowledge of IAM systems and technologies. Strong leadership, communication, structuring, and facilitation skills. Excellent organization and time management skills, with the ability to consider IT risk and security. Ability to work effectively across global entities and cultures. If your experience does not align perfectly with 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, enabling us to act braver and better. We value diversity in all its forms and are committed to creating an inclusive environment where everyone has equitable opportunities to succeed. All candidates can request reasonable adjustments at any stage of the recruitment process by contacting Talent Acquisition. Our Commitment to Sustainability and Wellbeing Our ESG strategy supports environmental, social, and governance initiatives, including local community projects and volunteering opportunities. Critical illness insurance, Life Assurance, and Permanent Health Insurance. Wellbeing and Development schemes, EAP, and Health Assessments (subject to eligibility). Electric Vehicle Salary Sacrifice Scheme. Support for professional development and continuing education.
Jul 10, 2025
Full time
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 a Senior Project Manager, to be based in London or Manchester on a full-time basis, reporting into the Head of Section. Responsibilities: Define and manage project scope, develop project charter, and plan deliverables, times, costs, and resources. Manage, monitor, and report progress against the project plan, ensuring consistent and transparent communication to Management and Executive Leadership. Establish and maintain effective working relationships with all stakeholders and act as the key point of contact for the IAM Team. Identify issues and risks, analyze options, and manage impacts to mitigate delays, taking appropriate action to keep the project on track, leveraging support from stakeholders and management as needed. Manage changes to project scope, budget, and schedule. Establish effective project communication, stakeholder engagement, and reporting mechanisms. Collaborate with business stakeholders and IT teams to find solutions and ensure end-to-end implementation. Perform risk management to minimize potential risks and their negative impacts. Ensure adherence to Munich Re's project management standards. Create and maintain comprehensive project documentation. Knowledge and Skills: Bachelor's Degree in Computer Science, Information Systems, Business Administration, or equivalent work experience. Multiple years of relevant work experience. Experience in IT-related project management, ideally in IAM or IT Security domains. Knowledge of IAM systems and technologies. Strong leadership, communication, structuring, and facilitation skills. Excellent organization and time management skills, with the ability to consider IT risk and security. Ability to work effectively across global entities and cultures. If your experience does not align perfectly with 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, enabling us to act braver and better. We value diversity in all its forms and are committed to creating an inclusive environment where everyone has equitable opportunities to succeed. All candidates can request reasonable adjustments at any stage of the recruitment process by contacting Talent Acquisition. Our Commitment to Sustainability and Wellbeing Our ESG strategy supports environmental, social, and governance initiatives, including local community projects and volunteering opportunities. Critical illness insurance, Life Assurance, and Permanent Health Insurance. Wellbeing and Development schemes, EAP, and Health Assessments (subject to eligibility). Electric Vehicle Salary Sacrifice Scheme. Support for professional development and continuing education.
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. We are currently looking for an Underwriting Assistant to work with us on a full-time basis in London, reporting into 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 obligations of the Company and the Syndicate. Applications for this role will close on 24/02/2025. Responsibilities: Entering data into the in-house S2000 underwriting system, pricing tools and other administration systems as required. Scanning and photocopying of documents, as required. Management and saving of documents. Support the clearing list and accumulation control process, as required. Support the Contract Certainty (CC) process, including completing the CC checklist, when requested. Managing/monitoring electronic placing documentation on platforms such as PPL and Whitespace. Reviewing and managing exception reports on a weekly basis. Reviewing and posting daily premium closing messages in S2000. Assist in managing credit control and aged debt. Ensure that company procedures and systems are followed and maintained, as per procedures and compliance manuals. Attend relevant meetings within the company. Taking minutes of meetings and any other administrative tasks, as and when required. Providing support in respect of new projects or initiatives, as and when needed. Any other ad-hoc tasks, as necessary. Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders. Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo and Board for Conduct Risk. Knowledge and Skills (Prior knowledge is not essential but will place candidates at an advantage) Basic (Level 1) knowledge and understanding of: Underlying Principles of Insurance; Legal Principles; PRA / FCA and rules and regulations, including contract certainty issues; Lloyd's regulations; Demonstrate clear understanding of all company specific procedures that relate to own role; Demonstrate growing understanding of the roles of colleagues and their relationships to the structure and business plans of the firm; 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. 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 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
Feb 19, 2025
Full time
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. We are currently looking for an Underwriting Assistant to work with us on a full-time basis in London, reporting into 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 obligations of the Company and the Syndicate. Applications for this role will close on 24/02/2025. Responsibilities: Entering data into the in-house S2000 underwriting system, pricing tools and other administration systems as required. Scanning and photocopying of documents, as required. Management and saving of documents. Support the clearing list and accumulation control process, as required. Support the Contract Certainty (CC) process, including completing the CC checklist, when requested. Managing/monitoring electronic placing documentation on platforms such as PPL and Whitespace. Reviewing and managing exception reports on a weekly basis. Reviewing and posting daily premium closing messages in S2000. Assist in managing credit control and aged debt. Ensure that company procedures and systems are followed and maintained, as per procedures and compliance manuals. Attend relevant meetings within the company. Taking minutes of meetings and any other administrative tasks, as and when required. Providing support in respect of new projects or initiatives, as and when needed. Any other ad-hoc tasks, as necessary. Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders. Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo and Board for Conduct Risk. Knowledge and Skills (Prior knowledge is not essential but will place candidates at an advantage) Basic (Level 1) knowledge and understanding of: Underlying Principles of Insurance; Legal Principles; PRA / FCA and rules and regulations, including contract certainty issues; Lloyd's regulations; Demonstrate clear understanding of all company specific procedures that relate to own role; Demonstrate growing understanding of the roles of colleagues and their relationships to the structure and business plans of the firm; 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. 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 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
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. Head of Financial Risk We are currently looking for a Head of Financial Risk to be based in London on a full-time basis, reporting into the Head of Enterprise Risk Management. This individual will drive good industry practices in terms of identification, assessment, and management of financial risks and controls across Munich Re Specialty-Global Markets (MRS-GM) (including insurance, credit, capital, market, climate, and liquidity risk), in support of the Head of ERM, alongside the Head of Non-Financial Risk. Lead the independent validation process for the Munich Re Syndicate Limited (MRSL) Solvency II Internal Model, and confirm compliance with regulatory requirements (Solvency II and Lloyd's) in relation to the Internal Model. Responsibilities: Lead the implementation and embedding of the Financial Risk framework setting out MRS-GM approach to identification, assessment, and management of financial risks and controls in alignment with the MRS-GM enterprise risk management (ERM) framework, strategic objectives, Group, and regulatory requirements. For all MRS-GM businesses, ensure financial risk exposures and associated controls are appropriately monitored and reported on for the required management and legal entity governing bodies to ensure strong business support on key decisions, the appropriate identification and management of key and emerging risks, and compliance with Munich Re, PRA, FCA, and Lloyd's requirements. This includes: providing effective and timely risk management support, challenge, and opinions to the business including on strategic developments, change initiatives, and new products; supporting the development, implementation, and embedding of appropriate risk appetite and other metrics; supporting emerging risk assessments and scenario analysis activities; actively promoting close and harmonious working relationships across the business and developing deep subject matter expertise of specific business areas as required; reporting on the aggregate financial risk profile across MRS-GM including material risk exposures / position against risk appetite, effectiveness of associated control environment and material incidents; supporting ORSA report production process. Review and challenge of validation of MRSL's internal capital model, including risk quantification and aggregation, using established techniques and methodologies. Member and/or attendee of governance, management bodies, and committees, as appropriate and in support of the Head of ERM. Escalating high priority issues or key risks to the Head of ERM, as appropriate. Present and report on a holistic view of Financial Risks and controls to the Risk Committee and the Board. Deputise for the Head of ERM as a contact to the FCA, Lloyd's, Munich Re Group, and other parties regarding Risk Management issues, as appropriate. Knowledge and Skills Offers strong capital modelling experience and/or internal model validation experience. Extensive experience working in the Non-life/ General insurance industry, with Lloyd's and/or London market. Excellent report writing skills, experience of preparing reports and presentations for Senior management / Committee or Board review. Ability to tactfully and appropriately question and challenge the business at all levels (including Senior Management and Directors) and present considered and balanced risk opinions, findings, and recommendations. Has knowledge of Solvency II, is familiar with Lloyd's and Bank of England requirements. Quantitative university degree. Ideally a qualified actuary (FIA) from UK or other recognized body/country. 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!
Feb 18, 2025
Full time
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. Head of Financial Risk We are currently looking for a Head of Financial Risk to be based in London on a full-time basis, reporting into the Head of Enterprise Risk Management. This individual will drive good industry practices in terms of identification, assessment, and management of financial risks and controls across Munich Re Specialty-Global Markets (MRS-GM) (including insurance, credit, capital, market, climate, and liquidity risk), in support of the Head of ERM, alongside the Head of Non-Financial Risk. Lead the independent validation process for the Munich Re Syndicate Limited (MRSL) Solvency II Internal Model, and confirm compliance with regulatory requirements (Solvency II and Lloyd's) in relation to the Internal Model. Responsibilities: Lead the implementation and embedding of the Financial Risk framework setting out MRS-GM approach to identification, assessment, and management of financial risks and controls in alignment with the MRS-GM enterprise risk management (ERM) framework, strategic objectives, Group, and regulatory requirements. For all MRS-GM businesses, ensure financial risk exposures and associated controls are appropriately monitored and reported on for the required management and legal entity governing bodies to ensure strong business support on key decisions, the appropriate identification and management of key and emerging risks, and compliance with Munich Re, PRA, FCA, and Lloyd's requirements. This includes: providing effective and timely risk management support, challenge, and opinions to the business including on strategic developments, change initiatives, and new products; supporting the development, implementation, and embedding of appropriate risk appetite and other metrics; supporting emerging risk assessments and scenario analysis activities; actively promoting close and harmonious working relationships across the business and developing deep subject matter expertise of specific business areas as required; reporting on the aggregate financial risk profile across MRS-GM including material risk exposures / position against risk appetite, effectiveness of associated control environment and material incidents; supporting ORSA report production process. Review and challenge of validation of MRSL's internal capital model, including risk quantification and aggregation, using established techniques and methodologies. Member and/or attendee of governance, management bodies, and committees, as appropriate and in support of the Head of ERM. Escalating high priority issues or key risks to the Head of ERM, as appropriate. Present and report on a holistic view of Financial Risks and controls to the Risk Committee and the Board. Deputise for the Head of ERM as a contact to the FCA, Lloyd's, Munich Re Group, and other parties regarding Risk Management issues, as appropriate. Knowledge and Skills Offers strong capital modelling experience and/or internal model validation experience. Extensive experience working in the Non-life/ General insurance industry, with Lloyd's and/or London market. Excellent report writing skills, experience of preparing reports and presentations for Senior management / Committee or Board review. Ability to tactfully and appropriately question and challenge the business at all levels (including Senior Management and Directors) and present considered and balanced risk opinions, findings, and recommendations. Has knowledge of Solvency II, is familiar with Lloyd's and Bank of England requirements. Quantitative university degree. Ideally a qualified actuary (FIA) from UK or other recognized body/country. 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!
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. Please see our website for more information. Senior Business Analyst This Senior Business Analyst role will be an integral member of the delivery team working closely with stakeholders across the business to support delivery of outcomes to drive business value. Facilitation and translation of business requirements into easily understandable deliverables along with mapping out future state processes and operating models is key to ensuring successful outcomes. Understanding technology landscapes and vendors across ecosystems with varying degrees of complexity will be required in determining appropriate solutions to fit requirements. Ability to adapt to all different sizes and types of projects will be essential as you help our partners and internal stakeholders navigate their way through all elements of new processes and ways of working, business case creation, ideation, and feasibility. Responsibilities Capture, define, prioritise, document and explain business requirements based on project objectives and outcomes. Work in alignment with external partners' ways of working including specific tools e.g. JIRA/Confluence/DevOps. Provide expertise across ecosystem builds including any technical integrations and liaison with third party providers where applicable. Contribute to product roadmaps and backlog refinement/requirements/story elaboration. Responsible for mapping of end-to-end customer journey and process flows to support target state operating models. Produce and manage requirements/user stories and acceptance criteria. Ensure interfaces between all partners, service providers, and internal stakeholders are understood, meet requirements, and work seamlessly through extensive testing (where required). Support internal project workstreams with elaborating requirements encompassing product, pricing, finance, operations, data, and all touchpoints of a customer journey. Work in alignment with testing colleagues to define test scope and strategy and support with test execution where required. Plus any additional duties and responsibilities that may reasonably be expected to be undertaken in accordance with the role. Help drive forward good conduct for the business to deliver the best outcomes for customers/policyholders. Knowledge and Skills Aware of contractual obligations in relation to TPAs. Knowledge of the insurance market and how ecosystems are structured within it. Experience with Agile and Waterfall methodologies. Ability to switch between strategic level and a detailed level. Knowledge of the Software Development Lifecycle. Experience conforming product definition to regulatory compliance requirements. Hybrid working - Commutable distance to London, Manchester, or Birmingham local office. 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! 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 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. 25 days Annual Leave + bank holidays. 10% Non-contributory Pension. Eligibility for an Annual Bonus. Private Medical + Dental Insurance. 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.
Feb 13, 2025
Full time
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. Please see our website for more information. Senior Business Analyst This Senior Business Analyst role will be an integral member of the delivery team working closely with stakeholders across the business to support delivery of outcomes to drive business value. Facilitation and translation of business requirements into easily understandable deliverables along with mapping out future state processes and operating models is key to ensuring successful outcomes. Understanding technology landscapes and vendors across ecosystems with varying degrees of complexity will be required in determining appropriate solutions to fit requirements. Ability to adapt to all different sizes and types of projects will be essential as you help our partners and internal stakeholders navigate their way through all elements of new processes and ways of working, business case creation, ideation, and feasibility. Responsibilities Capture, define, prioritise, document and explain business requirements based on project objectives and outcomes. Work in alignment with external partners' ways of working including specific tools e.g. JIRA/Confluence/DevOps. Provide expertise across ecosystem builds including any technical integrations and liaison with third party providers where applicable. Contribute to product roadmaps and backlog refinement/requirements/story elaboration. Responsible for mapping of end-to-end customer journey and process flows to support target state operating models. Produce and manage requirements/user stories and acceptance criteria. Ensure interfaces between all partners, service providers, and internal stakeholders are understood, meet requirements, and work seamlessly through extensive testing (where required). Support internal project workstreams with elaborating requirements encompassing product, pricing, finance, operations, data, and all touchpoints of a customer journey. Work in alignment with testing colleagues to define test scope and strategy and support with test execution where required. Plus any additional duties and responsibilities that may reasonably be expected to be undertaken in accordance with the role. Help drive forward good conduct for the business to deliver the best outcomes for customers/policyholders. Knowledge and Skills Aware of contractual obligations in relation to TPAs. Knowledge of the insurance market and how ecosystems are structured within it. Experience with Agile and Waterfall methodologies. Ability to switch between strategic level and a detailed level. Knowledge of the Software Development Lifecycle. Experience conforming product definition to regulatory compliance requirements. Hybrid working - Commutable distance to London, Manchester, or Birmingham local office. 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! 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 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. 25 days Annual Leave + bank holidays. 10% Non-contributory Pension. Eligibility for an Annual Bonus. Private Medical + Dental Insurance. 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.
Senior Terrorism & Political Violence Underwriter 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. Senior Terrorism & Political Violence Underwriter We are currently looking for a Senior Underwriter to be based in London on a full-time basis, reporting into the Group Head of Terrorism & PV. You will ensure the prudent underwriting of quality business in line with the business plan to facilitate maximum return of profit while maintaining the firm's reputation and integrity, demonstrating care for customers and respect for the regulatory obligations of the firm. Responsibilities: Assist in the creation and delivery of the business plan for the Political Violence team and be a driving force of the underwriting, accountable for ensuring targeted income levels are met throughout the year and growth targets are met year-on-year. Underwrite Political Violence risks, exercising judgement in all underwriting matters, and remain aware of own underwriting limits as set out on the Underwriting Authority sheet, all in accordance with Underwriting business plan; Establish and run projects and initiatives such as new sub-classes and products to serve clients and diversify the portfolio from both a risk and income perspective. Conduct book review as well as regular monitoring and portfolio management to ensure the business plan is being executed. Monitor recording of all aggregate and reporting information. Review slips and/or other information/literature, exercising own judgment, based on knowledge and experience, acting within own limits of authority. Make written records of all conversations with customers, both internal and external, in accordance with the firm's procedures manual. Negotiate new wordings and structures, ensuring clients' needs are serviced and regulatory requirements met, whilst preserving a prudent risk appetite, in line with the syndicate and team's underwriting strategy. Ensure that company procedures and systems are followed and maintained, as per procedure and compliance manuals. Ensure that all contract certainty issues are addressed for all relevant risks; Review and administer existing contracts and make amendments in line with MRSG's underwriting philosophy; Monitor recording of risk entry and amend where appropriate; Ensure that Peer Review Group see appropriate information and respond to PRG queries relating to the Political Violence Account. Knowledge and Skills Advanced knowledge and understanding of: Underwriting Principles; Legal Principles; FCA and Lloyd's rules and regulations including contract certainty issues; All company specific procedures that relate to own role and role of those employees that you are supervising; Political Violence risks 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! 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 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.
Feb 11, 2025
Full time
Senior Terrorism & Political Violence Underwriter 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. Senior Terrorism & Political Violence Underwriter We are currently looking for a Senior Underwriter to be based in London on a full-time basis, reporting into the Group Head of Terrorism & PV. You will ensure the prudent underwriting of quality business in line with the business plan to facilitate maximum return of profit while maintaining the firm's reputation and integrity, demonstrating care for customers and respect for the regulatory obligations of the firm. Responsibilities: Assist in the creation and delivery of the business plan for the Political Violence team and be a driving force of the underwriting, accountable for ensuring targeted income levels are met throughout the year and growth targets are met year-on-year. Underwrite Political Violence risks, exercising judgement in all underwriting matters, and remain aware of own underwriting limits as set out on the Underwriting Authority sheet, all in accordance with Underwriting business plan; Establish and run projects and initiatives such as new sub-classes and products to serve clients and diversify the portfolio from both a risk and income perspective. Conduct book review as well as regular monitoring and portfolio management to ensure the business plan is being executed. Monitor recording of all aggregate and reporting information. Review slips and/or other information/literature, exercising own judgment, based on knowledge and experience, acting within own limits of authority. Make written records of all conversations with customers, both internal and external, in accordance with the firm's procedures manual. Negotiate new wordings and structures, ensuring clients' needs are serviced and regulatory requirements met, whilst preserving a prudent risk appetite, in line with the syndicate and team's underwriting strategy. Ensure that company procedures and systems are followed and maintained, as per procedure and compliance manuals. Ensure that all contract certainty issues are addressed for all relevant risks; Review and administer existing contracts and make amendments in line with MRSG's underwriting philosophy; Monitor recording of risk entry and amend where appropriate; Ensure that Peer Review Group see appropriate information and respond to PRG queries relating to the Political Violence Account. Knowledge and Skills Advanced knowledge and understanding of: Underwriting Principles; Legal Principles; FCA and Lloyd's rules and regulations including contract certainty issues; All company specific procedures that relate to own role and role of those employees that you are supervising; Political Violence risks 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! 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 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.
At Munich Re Specialty Group (MRSG), individuality and intellectual curiosity is a key driver for our success and innovation. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge. We know there is always more work to be done, but we're committed to building a strong and inclusive culture where everyone is welcomed and valued for their "own expression of self-identity". About us MRSG is part of the Munich RE group. We are known for our dedication to excellence and quality of service provision across both primary and reinsurance. As well as operating in the Lloyd's of London market, we conduct our business via a global network of service companies, with offices located in the UK, Ireland, the United States, Asia, including Singapore, Labuan and Dubai. Our group of companies provide solutions covering Casualty, Marine & Cargo, Aerospace, Cyber, Political Violence, Trade Credit and Property, Contingency and Yacht. Our purpose is to inspire our clients and people with the confidence and freedom to explore, create and build - to enable people and businesses to thrive. Senior Legal Counsel Hybrid working - Commutable distance to London, Manchester or Birmingham local office. As a Senior Legal Counsel of the Munich Re Specialty- Global Markets Legal Team, you will be a trusted advisor to the business on cross-disciplinary legal issues within the MRSG Group, focused on overseeing legal matters specific to the European region, and managing legal risks in European business operations. This includes strategic projects, distribution and partnership contracts, underwriting, corporate structure and commercial contracts, regulatory and compliance support. As a senior member of the team, you have the ability to work autonomously but thrive in a team environment, including through supporting, mentoring and developing other members of the team. Responsibilities Advise the Lloyd's managing agent Munich Re Syndicate Limited, on business written by Lloyd's Syndicate 457 as well as by Syndicate 5306 on behalf of Lloyd's Europe. Advise MRS GM's network of service companies in the UK, Europe (specifically Ireland, Spain, Germany), APAC and MENA regions. Support the business on strategic project work and commercial transactions, incl. providing advice to the business, committees and C-suite as required, engaging with key business stakeholders at all levels of the organisation as well as internationally to deliver on global goals. Provide legal advice to the CEO and Exco members to support Head of Primary Specialty with a key focus on establishing and supporting the business. Give advice on related matters such as corporate structure, governance, the establishment of new products and services, press and marketing as well as identifying any significant legal exposures, provide legal updates to the business. Provide legal advice around EU Law and Regulatory Framework on Insurance distribution, as well as, considering Irish, Spanish, and German regulatory requirements. Routinely managing external counsel instructions on matters of English, Irish, and Spanish insurance law, corporate law, general contract law, tax law, and other legal issues relevant to entering European markets. Regular coordination and liaison with other members of the MR Primary Specialty Group globally. Advise on and co-ordinate provision of advice on (re)insurance law issues including wordings, delegation and distribution contracts. Deliver expert advice in commercial and corporate contract issues to include optimising approach to intra-group structure and third-party service provision and contracts. Provide strong drafting and negotiation skills to develop standard form and bespoke documentation and contracts. Work with and support Compliance, Risk, Corporate Secretarial, and Data Protection functions and external legal counsel to ensure compliance with local law, regulation, and Munich Re policies. Knowledge and Skills Experience working in-house. Background and specialisation in insurance law. Good understanding and experience working with the insurance industry. Comprehensive understanding of legislative, regulatory and competitive environment in the insurance industry. Experience of both Lloyd's market (UK and Europe) and company market insurance. M&A experience. Familiarity with the impact of European law and regulatory framework on insurance distribution is required. Understanding of CBI regulatory framework is desirable. Experience working in an international and multicultural environment, preferably within the European Economic Area. Excellent communication skills; ability to gain the confidence of senior business stakeholders and peers. Commercial awareness and experience balancing commercial opportunity with corporate risk. Your career with us At MRSG, you'll find the flexibility, development and support you need to excel your career combined with a competitive salary and a benefits package that promotes wellbeing and work-life balance, on top of the standard features that include a non-contributory pension, private medical care, life assurance and more! Diversity & Inclusion Creating an inclusive environment is a crucial part of the Munich Re culture, and we are committed to our Diversity & Inclusion Policy. We also seek to provide a fair and supportive work environment which provides learning and development opportunities for all. Working together, we are an employer of choice by building the workforce for today and the future. We make it happen. Together.
Feb 07, 2025
Full time
At Munich Re Specialty Group (MRSG), individuality and intellectual curiosity is a key driver for our success and innovation. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge. We know there is always more work to be done, but we're committed to building a strong and inclusive culture where everyone is welcomed and valued for their "own expression of self-identity". About us MRSG is part of the Munich RE group. We are known for our dedication to excellence and quality of service provision across both primary and reinsurance. As well as operating in the Lloyd's of London market, we conduct our business via a global network of service companies, with offices located in the UK, Ireland, the United States, Asia, including Singapore, Labuan and Dubai. Our group of companies provide solutions covering Casualty, Marine & Cargo, Aerospace, Cyber, Political Violence, Trade Credit and Property, Contingency and Yacht. Our purpose is to inspire our clients and people with the confidence and freedom to explore, create and build - to enable people and businesses to thrive. Senior Legal Counsel Hybrid working - Commutable distance to London, Manchester or Birmingham local office. As a Senior Legal Counsel of the Munich Re Specialty- Global Markets Legal Team, you will be a trusted advisor to the business on cross-disciplinary legal issues within the MRSG Group, focused on overseeing legal matters specific to the European region, and managing legal risks in European business operations. This includes strategic projects, distribution and partnership contracts, underwriting, corporate structure and commercial contracts, regulatory and compliance support. As a senior member of the team, you have the ability to work autonomously but thrive in a team environment, including through supporting, mentoring and developing other members of the team. Responsibilities Advise the Lloyd's managing agent Munich Re Syndicate Limited, on business written by Lloyd's Syndicate 457 as well as by Syndicate 5306 on behalf of Lloyd's Europe. Advise MRS GM's network of service companies in the UK, Europe (specifically Ireland, Spain, Germany), APAC and MENA regions. Support the business on strategic project work and commercial transactions, incl. providing advice to the business, committees and C-suite as required, engaging with key business stakeholders at all levels of the organisation as well as internationally to deliver on global goals. Provide legal advice to the CEO and Exco members to support Head of Primary Specialty with a key focus on establishing and supporting the business. Give advice on related matters such as corporate structure, governance, the establishment of new products and services, press and marketing as well as identifying any significant legal exposures, provide legal updates to the business. Provide legal advice around EU Law and Regulatory Framework on Insurance distribution, as well as, considering Irish, Spanish, and German regulatory requirements. Routinely managing external counsel instructions on matters of English, Irish, and Spanish insurance law, corporate law, general contract law, tax law, and other legal issues relevant to entering European markets. Regular coordination and liaison with other members of the MR Primary Specialty Group globally. Advise on and co-ordinate provision of advice on (re)insurance law issues including wordings, delegation and distribution contracts. Deliver expert advice in commercial and corporate contract issues to include optimising approach to intra-group structure and third-party service provision and contracts. Provide strong drafting and negotiation skills to develop standard form and bespoke documentation and contracts. Work with and support Compliance, Risk, Corporate Secretarial, and Data Protection functions and external legal counsel to ensure compliance with local law, regulation, and Munich Re policies. Knowledge and Skills Experience working in-house. Background and specialisation in insurance law. Good understanding and experience working with the insurance industry. Comprehensive understanding of legislative, regulatory and competitive environment in the insurance industry. Experience of both Lloyd's market (UK and Europe) and company market insurance. M&A experience. Familiarity with the impact of European law and regulatory framework on insurance distribution is required. Understanding of CBI regulatory framework is desirable. Experience working in an international and multicultural environment, preferably within the European Economic Area. Excellent communication skills; ability to gain the confidence of senior business stakeholders and peers. Commercial awareness and experience balancing commercial opportunity with corporate risk. Your career with us At MRSG, you'll find the flexibility, development and support you need to excel your career combined with a competitive salary and a benefits package that promotes wellbeing and work-life balance, on top of the standard features that include a non-contributory pension, private medical care, life assurance and more! Diversity & Inclusion Creating an inclusive environment is a crucial part of the Munich Re culture, and we are committed to our Diversity & Inclusion Policy. We also seek to provide a fair and supportive work environment which provides learning and development opportunities for all. Working together, we are an employer of choice by building the workforce for today and the future. We make it happen. Together.
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. Legal Counsel Hybrid working - Commutable distance to London, Manchester or Birmingham local office. As part of the legal function you will support the business in managing all legal issues within all legal entities of the Munich Re Specialty Group to include strategic projects, distribution contracts, underwriting, wordings, reinsurance, service contracts, regulatory and compliance support. Responsibilities You will advise the Lloyd's managing agent Munich Re Syndicate Limited, on business written by Lloyd's Syndicate 457 as well as by Syndicate 5306 on behalf of Lloyd's Europe. Provide advice on (re)insurance law issues across MR Primary Specialty GSI4 Group globally including wordings, delegation and distribution contracts. Negotiate and draft commercial contracts including intra-group and third party service agreements. Support and advise the business on non-claims litigation, ECO claims, investigations and other contentious matters. Work with and support Compliance on regulatory matters and complex sanctions underwriting and claims issues. Provide legal support to Munich Re Specialty Global Markets' UK and international distribution channels including in relation to Lloyd's Europe. Work with the Corporate Underwriting Department in Head Office in Germany to ensure all relevant group guidelines understood and implemented across MRSG. Provide advice to and liaise with Wordings Experts to maintain wordings and processes in accordance with group wide policies. Develop and draft template contracts and other processes aimed at achieving consistency and streamlining provision of legal advice. Undertake targeted legal research whilst being able to deliver commercially on-point advice. Stay informed of legal and regulatory developments, perform horizon scanning to promote knowledge sharing across the team and training to the wider business. Support the Legal team in identifying any significant legal exposures, provide legal updates to the business and where appropriate manage external counsel instructions. Participate in London Market initiatives where required. Help drive forward good Conduct for the business to deliver the best outcomes for customers/policyholders. Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo and Board for Conduct Risk. Knowledge and Skills Qualified Lawyer in England and Wales with mid PQE with litigation/coverage background. Background and specialisation in insurance law. Good understanding and experience working with the insurance industry, ideally Lloyd's Market. Comprehensive understanding of legislative, regulatory and competitive environment including consumer products. Good motivational and effective time management skills. Strong drafting, written and verbal communication, attention to detail and negotiation skills. Education and Professional Qualifications University Law Degree or equivalent. 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! 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 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 25 days Annual Leave + bank holidays. 10% Non-contributory Pension. Eligibility for an Annual Bonus. Private Medical + Dental Insurance. 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.
Feb 06, 2025
Full time
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. Legal Counsel Hybrid working - Commutable distance to London, Manchester or Birmingham local office. As part of the legal function you will support the business in managing all legal issues within all legal entities of the Munich Re Specialty Group to include strategic projects, distribution contracts, underwriting, wordings, reinsurance, service contracts, regulatory and compliance support. Responsibilities You will advise the Lloyd's managing agent Munich Re Syndicate Limited, on business written by Lloyd's Syndicate 457 as well as by Syndicate 5306 on behalf of Lloyd's Europe. Provide advice on (re)insurance law issues across MR Primary Specialty GSI4 Group globally including wordings, delegation and distribution contracts. Negotiate and draft commercial contracts including intra-group and third party service agreements. Support and advise the business on non-claims litigation, ECO claims, investigations and other contentious matters. Work with and support Compliance on regulatory matters and complex sanctions underwriting and claims issues. Provide legal support to Munich Re Specialty Global Markets' UK and international distribution channels including in relation to Lloyd's Europe. Work with the Corporate Underwriting Department in Head Office in Germany to ensure all relevant group guidelines understood and implemented across MRSG. Provide advice to and liaise with Wordings Experts to maintain wordings and processes in accordance with group wide policies. Develop and draft template contracts and other processes aimed at achieving consistency and streamlining provision of legal advice. Undertake targeted legal research whilst being able to deliver commercially on-point advice. Stay informed of legal and regulatory developments, perform horizon scanning to promote knowledge sharing across the team and training to the wider business. Support the Legal team in identifying any significant legal exposures, provide legal updates to the business and where appropriate manage external counsel instructions. Participate in London Market initiatives where required. Help drive forward good Conduct for the business to deliver the best outcomes for customers/policyholders. Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo and Board for Conduct Risk. Knowledge and Skills Qualified Lawyer in England and Wales with mid PQE with litigation/coverage background. Background and specialisation in insurance law. Good understanding and experience working with the insurance industry, ideally Lloyd's Market. Comprehensive understanding of legislative, regulatory and competitive environment including consumer products. Good motivational and effective time management skills. Strong drafting, written and verbal communication, attention to detail and negotiation skills. Education and Professional Qualifications University Law Degree or equivalent. 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! 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 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 25 days Annual Leave + bank holidays. 10% Non-contributory Pension. Eligibility for an Annual Bonus. Private Medical + Dental Insurance. 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.
We are looking for smart, curious and ambitious graduates or postgraduates to join our expert actuarial teams of technical specialists in all areas of the UK and Ireland life insurance industry. We will provide full study support and encouragement to help you throughout your actuarial exams and to qualify as an Actuary. Further on and off the job training will advance your technical abilities and soft skills to develop you into a leading life insurance professional. Application closes Friday 29th October 2021.
Dec 01, 2021
Full time
We are looking for smart, curious and ambitious graduates or postgraduates to join our expert actuarial teams of technical specialists in all areas of the UK and Ireland life insurance industry. We will provide full study support and encouragement to help you throughout your actuarial exams and to qualify as an Actuary. Further on and off the job training will advance your technical abilities and soft skills to develop you into a leading life insurance professional. Application closes Friday 29th October 2021.