Company
Munich Re
Location
Singapore , Singapore
Munich Re Facultative and Corporate (MR F&C) is a global business unit responsible for single risk business written facultative or direct. Since its foundation in 2019, MR F&C has significantly and profitably grown its portfolio, created an efficient operating platform and invested into innovative initiatives.
The Underwriting Analyst (UA) Pool plays a key role in collaborating with the Underwriting team to underwrite and analyse all single risk business. In your role as Underwriting Analyst, you will provide the technical cross-line analysis to the underwriters of MR F & C. The job is based in Singapore.
Your job:Collaborate with Underwriters in preparing in-depth qualitative and quantitative analysis of new business and renewals along the underwriting process including the capturing of risks in our systems This includes pre-undewriting, conducting analyses and modelling of risks, handling endorsements and post-binding.
Ensure that underwriting electronic files, technical entries are up-to-date and in compliance with Munich Re and regulatory reporting standards
Cooperate with Reinsurance Accounting and Reinsurance Controlling to ensure to accurate the accounting of single risk business
Cooperate with Claims department in identification of risk affected locations including linking exposure and losses
Following up on policy renewals and generating renewal and performance summary reports from multiple sources
Manage data quality in source systems in collaboration with Corporate Underwriting and Reinsurance Controlling
Collaborate and substitute within the global UA framework of Munich Re
Closely coordinate with the Underwriting team in achieving portfolio targets
Project assignment and ad hoc tasks as defined and agreed with the Head of F&C SEA
Your profile:Bachelor’s degree (or equivalent)
Min.1 year experience in underwriting
Detailed knowledge of technical principles of facultative/direct underwriting
Proficiency in Microsoft Office including Word, Excel, and PowerPoint
Strong Analytical Skills – able to visualize, gather information, articulate and analyse complex problems in order to make critical business decisions
High attention to detail and accuracy
Excellent command of English (additional Asian language would be a plus)
Positive attitude and willingness to learn
Good team spirit
Strong IT and analytical skills
Good communication with internal and external stakeholders
Solution-oriented with a focused, proactive, efficient and independent working style
Our Benefits:
Flexible and hybrid working arrangements
Generous annual leave allowance
Comprehensive dental, life and health insurance coverage
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