Company
Great Lakes Insurance SE
Location
Munich , Germany
As a specialty provider of primary insurance services Great Lakes Insurance SE (GLISE) with its branches in the UK, Australia, Switzerland, Italy and Ireland and its newly founded subsidiary in the UK, is an integral part of Munich Re Group and an important enabler for Specialty Insurance Business (GSI – Global Specialty Insurance) closely connected to Munich Re’s reinsurance core business.
The role will be to act as an interface between Great Lakes‘ Underwriting and Product team as well as the business unit(s) of the Munich Re Group in an oversight function where the business units provide underwriting services for delegated authority business underwritten by Great Lakes. The Associate Underwriting Oversight Manager will be part of the Underwriting and Product team and will be responsible for overseeing/monitoring the underwriting activities and controls that are performed by all stakeholders (internal and externals) in a transparent, effective and efficient manner. The role will be located in Munich.


Your Job

• Support the oversight of UW outsourced activities and controls over the value chain (underwriting/ pricing/product design)
• Work with the team to act as the interface between the Underwriting and Products team and the business units in relation to Delegated Authority business including support and co-ordination of product development, data requirements, policy design and regulatory feedback and broader strategic direction
• Support in the measurement of the efficiency and effectiveness of the underwriting oversight framework
• Support the assessment of adequacy of underwriting processes and controls in order to keep underwriting operational risks within risk appetite level and, at the same time, meet regulatory requirements
• Participate in quarterly meetings with the respective business units to discuss current performance and set up periodical performance review of the business unit(s) (including the follow-up and closing of actions)
• Collaborate in meetings with Great Lakes stakeholders and outsourced parties to review/redesign underwriting oversight activities

Your Profile

• Experience in Underwriting and Product management, and/or Audit, Operational Risk Management or similar areas; a degree in one of those areas is beneficial
• Working knowledge of Power BI and/or similar dashboards and exposure analytics tools
• Ideally, some knowledge of the Munich Re Group organization
• Passion to strive for Great Lakes underwriting oversight goals together with a diverse set of stakeholders
• Strong communication skills and ability to interact in Group project teams and cross-divisional project teams in a dynamic environment
Strong written and verbal communication in German and English

Application Instructions
In order to consider your application, we require your application to be submitted via our online applicant portal. In addition to uploading your CV, we recommend writing a cover letter to tell us more about why the position is of interest to you.


About us


As the world's leading reinsurance company with more than 11,000 employees at over 50 locations, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk we enable fundamental change. Join us working on topics today that will concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment or even space travel.
Together we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our clients and cultivate innovation.
Sounds like you? Push boundaries with us and be part of Munich Re.
Our employees are our greatest strength. That’s why we offer them a wide range of benefits. You can find some examples below.


Unlock your potential

• Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better.
• Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
• Career Mobility: we actively support career mobility, and our strong global and regional presence offers a wealth of career growth opportunities for you.

Rewards & Recognition

• Competitive salary: appropriate compensation for your high level of commitment.
• Retirement provision: state of the art in-house pension solutions.
• Work-life balance: promoting the compatibility of family and work in addition to overall work-life balance.
• Health management: focus on your physical and mental health far beyond legal requirements.
• Hybrid working: living the best of both worlds – we offer you a very flexible approach as well as the opportunity to work from abroad on an occasional basis.

• Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunities employer. Severely disabled candidates will also be prioritized, if equally qualified.

Münchener Rückversicherungs-Gesellschaft
Laura Fuchs • HR Consultant
Königinstraße 107 • 80802 München • GERMANY