Title:  Underwriting Assistant, Spain

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.

Underwriting Assistant, EU

Munich Re Specialty was formed as a stand-alone division in 2023, and brings together the wider Munich Re group’s primary specialty business units. Complementing an already strong presence in the UK and the US, Munich Re Specialty – Global Markets (MRSGM) has been tasked with executing a wider plan to build a broader European footprint. This work will start in Spain, expanding on Munich Re Specialty’s existing business in the UK, Ireland and Germany.

In order to successfully establish and profitably grow our Specialty business across the European market, we are looking for a Underwriting Assistant to join our team and be based in Madrid, Spain.

Responsibilities:

To provide accurate, timely and high-quality non-regulated services to Underwriting Teams across MRRSI and its European branches, demonstrating care for customers and respect for the obligations of the Company.

• Entering data into the in-house 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 platform documentations as required
• Issue policies and certificates of coverage (including endorsements) as well as invoices as required
• Reviewing and managing exception reports on a regular basis.
• Assist in managing credit control and aged debt.
• Maintaining renewal lists.
• Ensure that company procedures and systems are followed and maintained, as per standard operating 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.

Knowledge and Skills

• Prior experience working in an insurance company
• Good knowledge and understanding of:
  • Underlying Principles of Insurance;
  • Legal Principles;
  • Rules and regulations, including contract certainty issues;
• 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.
• University degree and/or relevant professional qualification

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.

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

#BePresent #BeBold #BeCurious