Underwriting Manager

Location:London Posted:2022-11-11
Job description
  • Guide and review the improvement of underwriting policies & procedures to monitor compliance with underwriting standards and identify methodologies for improving controls and efficiencies
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  • Review and develops strategies for improving the underwriting results and increasing distribution of key products
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  • Assume responsibility for development and evolution of package policies and the profitable growth and development thereof. Work to include the updating of coverage, policy wordings and related product literature.
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  • Manage, enhance and maintain the relevant Underwriting and Procedural guides and rating tools and update Underwriting Guideline (including Acceptance & Rating) for all distribution channel (including the development of electronic traded products)
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  • Organise and monitor the Underwriting Audit function (including undertaking of audits and issuing of subsequent reports)
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  • Ensure good quality two-way communication between Underwriting Management and Claims Department, to identify adverse trends or technical aspects and necessitate changes to either policy or procedure by underwriting teams 
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  • Support Chief Underwriter in wording drafting and wording reviews as well as participate in product development as required. Comply with all applicable legal and regulatory requirements and ensure, at a level appropriate to the position, that appropriate measures are in place to ensure this compliance
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  • Support Chief Underwriter to provide product focussed advice to underwriters on relevant matters and working to resolve product related challenges as they arise
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  • Working as a key stakeholder on project related projects across the business as requested
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  • Contributing to product innovation in our chosen markets, challenging the status quo
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  • Support Chief Underwriter in setting and delivering Underwriting Key Performance Indicators and overseeing the delivery of company plan
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  • Support Chief Underwriter in driving strategic portfolio management, address performance and planning issues using a risk-based approach, and ensuring improvement of the underwriting performance and execution of underwriting strategies.
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  • Support Chief Underwriter in monitoring framework for underwriting authorities
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  • Actively contribute to and participate in the provision of technical training to underwriters in order to improve technical skills/resource ensuring that adequate and appropriate market insight is provided to internally and externally to improve performance
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  • Supporting Chief Underwriter in ensuring that the agreed control processes and tools are effectively used for the oversight of underwriting risks and product line performance
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  • Be able to summarise key performance issues and insights in a concise and compelling way to senior management when required

 

Requirements
  • Essential
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  • 8+ years’ experience in commercial (Property & Casualty) insurance underwriting, including demonstrable account management experience
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  • Good knowledge of underwriting policies and procedures with first-hand experience of implementation of these
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  • Proven expert knowledge of commercial insurance wordings, product development, underwriting, legal, and regulatory
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  • Excellent collaboration skills, interpersonal skills, project management skills, analytical skills
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  • Ability to work both independently and as part of a team while meeting meaningful deadlines
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  • Attention to detail and strong analytical skills
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  • Good skills in MS office (Excel, Word, PPT) Outlook and internet applications
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  • Preferred
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  • Some experience of developing IT functionality within underwriting environment
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  • ACII Chartered Insurer qualification

 

Contact details
  • If you are interested in applying for the role, or have any questions, please send your CV or your questions to HR@uk.cntaiping.com