myGwork
Underwriter Level 2 - FTC
Job Location
Job Description
This job is with Munich Re, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.
Responsibilities:
- Underwriting, renewal business for as long as we continue to offer terms, MTA’s in line with company underwriting authority.
- Provide run-off MI and reports to internal stakeholders as required.
- Assist the team underwriting renewals in the JLP portfolio and on specific JLP projects related to Conduct Risk and JLP run-off when capacity exists within your GJWPC workload
- Reviewing of internal KPI’s (maintain profitability and adherence to the company risk appetite.
- Other ad-hoc tasks as required by the business
This role has a direct impact on our customers’ satisfaction and how they perceive the quality of our products and services. You must therefore adhere to the following principles: -
- 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.
Strategy
- You will collaborate with team and management to implement the portfolio run off plan
Measures and Controls
- You will monitor performance against targets and prepare reports where required
- You will drive forward good conduct for the business to deliver the best outcomes for customers/policyholders
You will understand and implement all appropriate lines of escalation within MRSI and the wider business
You are required to comply with the PRA and FCA conduct rules:
- Acting with honesty and integrity at all times
- Acting at all times with due care, skill and diligence
- Being open and honest with the FCA, the Prudential Regulation Authority (PRA) and all UK regulators at all times
- Always paying due regard to the interests of customers and always treat them honestly and fairly
- Observing proper standards of market conduct at all times
- Act to deliver good outcomes for retail customers. This includes abiding by the Consumer Duty cross-cutting rules below:
- Act in good faith towards retail customers.
- Avoid causing foreseeable harm to retail customers.
- Enable and support retail customers to pursue their financial objectives
Knowledge and Skills
- Industry knowledge of the Personal Lines market
- Proven knowledge and understanding of all company specific procedures that relate to own role and role of those employees that you are supervising
- Excellent organisational skills
- Proven grasp of data analysis and performance metrics
- Ability to problem solve quickly and proactively
- FCA principle-based regulation and relevant insurance law
- Lloyds Minimum Standards
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!
Location: Manchester, GB
Posted Date: 10/8/2024
Contact Information
Contact | Human Resources myGwork |
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