Underwriting Analyst (FTC)
Not disclosed
Salary
Not disclosed by employer
£48,200
Going rate
Skilled Worker going rate
This role likely qualifies for a Skilled Worker visa
SOC 2482 (80% match) is an eligible occupation, with a going rate of £48,200, and Munich Re is a licensed sponsor. That is our reading of the rules. Whether they issue a Certificate of Sponsorship is still their call.
This could also be SOC 3544 (Data analysts, Strong focus on data analysis and reporting tools) or SOC 2433 (Actuaries, economists and statisticians, Actuarial/statistical analysis of insurance data). We read the code off the advert, so it is our best guess, not the employer's.
About the role
- Handle the regular internal and external reporting to support MRSG and MRSL and its subsidiaries and affiliated companies, including the production and analysis of regular reports and the development and enhancement of reporting tools.
- Prepare and review standard and ad-hoc reports and KPIs for internal monitoring, underwriting controls, data quality and management level review.
- Assist in coordinating and completing regulatory returns such as ATIA, GAREAT and PMDr.
- Support the Recording of Employers’ Liability policies on Syndicate systems and the subsequent regulatory reporting to the Employers’ Liability Tracing Office (ELTO) and respond to related queries received and issues identified, developing and enhancing processes where needed.
- Creating insights from portfolio of reports with a view to facilitate data-enabled decision making in Underwriting, Operations and the wider business
- Assist with relevant reports to Munich Re, Lloyd’s, the PRA/FCA and internal and/or external project initiatives.
- Engage and develop relationships with underwriting teams to provide ongoing training to all staff on underwriting systems and procedures, in order to promulgate best practice throughout MRSG.
- Assist in responding to underwriting audits by Lloyd’s, external auditors, Internal Audit and the wider Munich Re Group including the preparation and presentation of required underwriting information.
- Develop and maintain a list of all Individual Authority limits documents on behalf of Munich Re Syndicate Ltd
- Contribute to relevant MRSL underwriting management procedures and processes, including those applicable to the International Distribution Companies.
- Assist with the annual self-assessment of, and ongoing adherence to, the Principles for Doing Business at Lloyd’s.
- Assist with any ad-hoc Underwriting Operations and Underwriting Management issues as and when required.
- Demonstrate clear understanding of the underlying principles of insurance and the Lloyd’s environment, including Lloyd’s Principles and the workings of a managing agent.
- Demonstrate clear understanding of the roles of colleagues and their relationships to the structure and operation of the department and wider organisation.
- Demonstrate willingness to continue to develop knowledge through formal and informal learning, both internally and externally to the organisation.
- Skills
- Ability to manage own workload and to work both supportively and jointly with colleagues.
- Ability to work under pressure and flexibly when necessary, prioritising tasks, resource planning and meeting deadlines.
- Ability to guide, support and coach other team members
- Familiarity with implementing, maintaining and developing state-of-the-art reporting technologies such as Power BI, data analytics capabilities and reporting process automation
- Use of communication skills, both written and verbal reporting and presentation, that are both effective and meet business needs.
- Demonstrate high degree of attention to detail and accuracy.
- University Degree and/or relevant professional qualification
This description is the source posting as it read when we added it. We are not affiliated with Munich Re, so check their own site for the current details.
Where this offer sits in the market
SOC 2482 · UK · ONS ASHE 2025 · ~137k in sampleSimilar sponsored roles
See all UK visa jobsNo close matches live right now.
Browse more sponsored jobs at Munich ReAbout sponsorship for this role
Does this job guarantee visa sponsorship?
Not necessarily. Munich Re holds a sponsor licence, but sponsorship for a specific hire is always the employer's decision. Be upfront in your application that you'll require it.
What salary is needed for this role to be eligible?
The offer must clear both the general threshold and the SOC 2482 going rate of £48,200. New-entrant and shortage discounts can lower it.