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.

Bordereaux Analyst

We are looking for aBordereaux Analystto join our team in London on full time hybrid working basis.

Overall objective

To be responsible for the processing of delegated underwriting bordereaux alongside other Bordereaux Analysts, so that management information is timely, up-to-date, relevant, complete, accurate and consistent. The role will also play a key role in supporting the operational delivery, testing, and implementation of any future delegated authority systems and processes.

Responsibilities

• Adhere to Munich Re Syndicate (MRS) delegated underwriting bordereaux process in the various classes of business underwritten utilising relevant internal and market tools.
• Conduct bordereaux data mapping and transformation in line with MRS and Lloyd’s requirements to ensure complete, accurate, and timely data ingestion and reporting.
• Perform high-volume data entry and validation tasks with precision and consistency, ensuring bordereaux data is accurately captured, processed, and maintained across systems during the implementation and discovery phases.
• Participate in the development and execution of bordereaux reviews, including risk-level and premium data validation against underwriting controls, and assess data quality and suitability for operational and regulatory use.
• Maintain accurate bordereaux records and collaborate with internal and external stakeholders (e.g., Lloyd’s brokers, MRS Underwriters, Compliance, and other Munich Re Group departments) to ensure data integrity and traceability.
• Respond to data queries and support reporting needs using current tools (QlikView) and new platforms (PowerBI), ensuring alignment with business and regulatory expectations.
• Contribute to the production of standard and ad-hoc reports for internal and external stakeholders, including regulatory bodies (e.g., Solvency II, Conduct Risk, Lloyd’s Europe, FCA, PRA).
• Assist in the design and enhancement of dashboards and reporting frameworks to support evolving business needs and improve operational efficiency.
• Support coverholder and DCA risk assessments and contribute to the onboarding and monitoring processes in line with Lloyd’s and MRS standards.
• Provide implementation support for delegated underwriting initiatives, working closely with the Head of Bordereaux Management and Head of Underwriting Delivery during the discovery and testing phases.
• Ensure delegated underwriting and bordereaux management procedures and systems are maintained and updated in accordance with Lloyd’s, MRS, and Group requirements.
• 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.
• Support the process and structure that upholds the requirements set out in the Lloyd’s Conduct Risk Minimum Standards and Complaints Principles.

Knowledge

• Sound business knowledge and understanding of:
• Bordereaux analysis and management, e.g. DDM
• Lloyd's delegated authority tools, e.g. Atlas, DCOM and all future developments
• Report production, analysis and presentation utilising reporting tools
• Underlying principles of insurance/reinsurance practice
• Lloyd’s Market practices and regulation, specifically relating to delegated underwriting
• Demonstrate clear understanding of all company specific procedures that relate to own role
• 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
• Demonstrate high degree of attention to detail and accuracy and use of relevant reporting tools
• Demonstrate good track record of data analysis and data management 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
• Use of communication skills, both written and verbal reporting and presentation, that are both effective and meet business needs

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!

Benefits

• 25 days Annual Leave + Bank Holidays
• 10% Non-contributory Pension
• Eligibility for an Annual Bonus
• Private Medical + Dental Insurance
• Critical illness insurance + Life Assurance + Permanent Health Insurance
• Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility)
• Electric Vehicle Salary Sacrifice Scheme
• Study & continuing Professional Development Support
• Hybrid Working + IT Home Set-up Support

#BePresent #BeBold #BeCurious