Junior Reporting Broker

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.

Junior Reporting Broker

We are currently looking for a Junior Reporting Broker to work with us on a full-time basis in our Dubai office, reporting into the SEO of RIBL (MENA).

Responsibilities:

Treaty and Binder

• Maintenance/back-up of the Binding Authority diary.
• Direct communication with MGAs
• Assist with production of Confirmations of Cover, Endorsements and other general correspondence.
• Impact©, CS21©, and Internal IT booking of all Transactions 
• Bordereaux processing with Reinsurance Markets (Treaty and Facultative), Capacity for Binders
• To learn and assist where necessary in all areas of the binding authority team.
• To abide by the policies and procedures of RIBL (MENA).
• Awareness of DFSA Compliance rules and DIFC requirements

Reporting

• Update and release periodic (monthly/quarterly/yearly) FAC/Treaty & Binders acquisition reports.
• Recommend risk premium developments across various portfolios for continuous profitability.
• Support the RI Financial team in booking, Debit Notes production, etc when and where needed.

Knowledge and Skills

• Proven experience in Technical L&H Role in any GCC Insurance Company.
• Knowledge of various Reinsurance Pricing methodologies
• Good knowledge of insurance legislation across the GCC and MEA region.

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.

Learn more about sustainability at Munich Re – choose your impact! 

#BePresent #BeBold #BeCurious