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Product & Underwriting Performance Manager

Location
Yorkshire
Remote Working
Remote Working
Salary
£50,000 to £60,000
Job Type
Permanent
Posted
7 Sep 2022

Job Title - Product & Underwriting Performance Manager

Contract - Permanent

Salary - Circa £60,000 + Benefits

Location - Northern UK / Home Working

Purpose of the Role:

  • Own the development of existing and new products within the organisation
  • Support the Underwriting & Operations Director as technical lead for the comany working with key stakeholders to deliver the required revenue within required ULR's.
  • Overseeing and reporting on Underwriting performance and delivery of binder plans, capacity management and placement
  • Support Underwriting & Product Governance function

Key Role Accountabilities:

  • Ownership of all Underwriting Guides, Policy Wordings, Rating & Product Builds in Policy Administration Systems (Acturis)
  • Supporting the Underwriting Team with achieving their financial targets for GWP by encouraging an expansive but disciplined approach to underwriting
  • Assist the Underwriting & Operations Director with insurer/ capacity relationships
  • Reporting and monitoring of Individual Binder Loss Ratios and any remediation plans. Ensure Binder remediation plan objectives are executed in a timely fashion and ensure adequate underwriting controls are in place to ensure any deviations are identified at an early stage
  • Manage the schedule and reporting delivery for Profit Review Group (PRG) meetings with Insurers ensuring relevant actions are progressed and contractual requirements met
  • Manage the schedule, contribute to and attend the internal Underwriting, Capacity and Product Governance Committees ensuring relevant actions are progressed
  • Provide technical support on project related work and any other ad hoc technical activity as required.
  • Work collaboratively with Risk and Compliance or other internal divisions as required
  • Maintain technical, legal and market knowledge and develop personal knowledge, skills and technical underwriting authority.

Experience and Skills:

Skills -

  • Proficient in Windows based applications, in particular Excel and PowerPoint.

Business expertise/ technical knowledge:

  • Understanding of the workings of an Insurer / MGA / Delegated Authority business and trading platforms used
  • Good knowledge of general commercial and personal lines insurance products and distribution channels
  • Knowledge of the Insurance market, capacity providers and portfolio placement.
  • Experience with data management, MI production and summarised reporting to an executive level
  • Knowledge of Company and Lloyd's market products and wordings (including their construction)
  • Underwriting, pricing and product governance and the current regulatory environment
  • Knowledge of market and regulatory risk and compliance

Personal Skills:

  • Numeracy, rating & analysis skills.
  • Relationship management
  • Training delivery
  • Presentation skills
  • Time management
  • Written & verbal communication
  • Able to work with little supervision

Relationship Management:

  • Matrix Management - work with other teams, businesses, functions as required
  • Build and maintain strong working relationships with stakeholders at all levels - in particular with Underwriters, CUO Office and Insurers

Professional Qualifications & Experience:

  • Professional Certification - Ideally ACII qualified or good progress towards this.
  • Experience - Significant experience in the Insurance industry

Person Specification:

  • A professional, organised and proactive individual with a proven track record of embracing and working in an environment of change, as a key instigator of beneficial changes.
  • Results focused, commercially minded and an ability to thrive in a high-paced goal-driven environment with excellent attention to detail and the ability to work independently.
  • A passion to make a difference and add value for our internal and external customers

For a full brief please contact one of our specialist consultants:-

Tel:

Email:

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Details

  • Job Reference: 706200564-2
  • Date Posted: 7 September 2022
  • Recruiter: Lawes Consulting Group
    Lawes Consulting Group
  • Location: Yorkshire
  • Remote Working: Some remote working possible
  • Salary: £50,000 to £60,000
  • Sector: Sales & Marketing
  • Job Type: Permanent