Underwriting Business Analyst

ABOUT MS AMLIN

MS Amlin is part of a global top-10 insurance group MS&AD, with three main legal entities’ operating in the Lloyd’s, UK, Continental European and Bermudian markets. We have an enviable reputation for our customer knowledge, claims service and the specialist insurance and reinsurance expertise we apply. We provide the type of security leading organisations need to break new ground, innovate and offer life-changing services and amenities to some of the world’s most challenging regions. Our record extends back over 300 years and today we have more than 1800 people in more than 20 locations worldwide.

We are experts in underwriting, with both technical capability and deep knowledge of the areas we insure. Our claims service aims for equality, with efficient, fair and timely claims management.
We’re going through an exciting period of modernisation and transformation for which we need entrepreneurial thinkers to help execute our strategic vision for growth. We’re on a dynamic path and we need you to help shape it.

MS Amlin is committed to taking a flexible approach to working, with a Work Life Better scheme to allow our employees more control over when and where they work, while still continuing to meet our client demands. This flexible approach continues into our benefit scheme, with a competitive package and attractive lifestyle fund.

ABOUT MS AAG

MS AAG aspires to be a Respected Global Reinsurance Partner. We continue to believe that scale is important if we are to be relevant to our clients as is the breadth of products that we offer.
We have successfully built out our casualty and specialty lines business for example mortgage, credit, political risk and more recently cyber with our partnership with Envelop Risk and we are looking to grow further in these areas

ABOUT THE JOB

Job purpose

The purpose of this role is to assist the Lead Business Analyst in managing and controlling :

• the effective implementation of underwriting governance and controls;

• co-ordination of the underwriting business planning process;

• develop and maintain information reports
  

This is where you come in :

Governance & Control

• Assist Lead Business Analyst with the coordination of the underwriting controls and compliance in Zurich ensuring that;

• The Underwriting Control Framework is consistently and effectively implemented and followed.

• Underwriting activity is happening in accordance with the MS Amlin Policies/Standards, relevant regulatory and legal requirements and challenge areas of non-compliance.

• Underwriters are operating within their authority levels and that any breaches are addressed appropriately.

• Reviewing and escalating requested exceptions to the Zurich Line Guide.

• Assist with implementing Zurich Line Guide change requests and liaising with the Head of Underwriting Management & Controls for approval.

• Underwriting processes and controls are documented and effectively communicated.

• Produce housekeeping reports and monitor as required, including reports to enhance the quality of the information held in our systems.

Planning & Reforecasting

• Assist Lead Business Analyst with the production of the MS AAG Underwriting Business Plan and quarterly reforecasts ensuring that:

• Arrange business planning meetings and prepare supporting reports for discussions with class underwriters.

• Assist with the preparation regarding business plan papers for discussion with class underwriters and presentation to senior management and review team.

• Upload the business plan data to Cognos.

• Maintain Audit Trail of discussions and changes to business plan and reforecasting numbers.

• Monitor performance for Zurich business (income, rate movement and losses) on a monthly basis against business plans / reforecasts. Liaise with relevant underwriters to provide commentaries on variances and market conditions.

Business Analysis & MI

• Production of standard reports for monthly Underwriting Meetings.

• Production of agenda with assistance from Lead Business Analyst.

• Production of packs for meetings with distribution to Underwriters.

• Suggest improvements to existing processes.

• Produce and maintain underwriting reports for the AAG Board as required.

Exposure Management

• Assist with co-ordinating the quarterly RDS process and ensure that a consistent approach is followed.

• Liaise with underwriters and ensure that RDS figures are provided in a timely manner and that the processes adopted are robust.

• Assist with the production regarding the regional Major Event Response process.

Reserving

• Arrange quarterly reserving meetings and prepare required information for discussion with class underwriters including production of required reports from MI Tools.

• Provide any necessary assistance to actuarial and finance departments in the actuarial led reserve process.