Head of Underwriting
Permanent @Simon Blau posted 1 month ago in Risk Shortlist Email JobJob Detail
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Job ID 39554
Job Description
Head of Underwriting
City of London
Permanent
£100,000
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cer Financial are working alongside a diverse international insurance company who are based in the City of London. They are seeking a Head of Underwriting to join them on a permanent basis.
The Responsibilities of the Head of Underwriting Will Include:
- Guide and review the improvement of underwriting policies & procedures to monitor compliance with underwriting standards and identify methodologies for improving controls and efficiencies.
- Review and develops strategies for improving the underwriting results and increasing distribution of key products.
- 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.
- Manage, enhance and maintain the relevant Underwriting and Procedural guides and rating tools and update Underwriting Guideline
- Organise and monitor the Underwriting Audit function (including undertaking of audits and issuing of subsequent reports)
- 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.
- Support Chief Underwriter in wording drafting and wording reviews as well as participate in product development as required.
- Support Chief Underwriter to provide product focussed advice to underwriters on relevant matters and working to resolve product related challenges as they arise.
- Working as a key stakeholder on project related projects across the business as requested
- Contributing to product innovation in our chosen markets, challenging the status quo
- Support Chief Underwriter in setting and delivering Underwriting Key Performance Indicators and overseeing the delivery of company plan.
- 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.
- Actively contribute to and participate in the provision of technical training to underwriters .
- 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.
- Lead the underwriting management team and develop team members.
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The Successful Head of Underwriting Will Have:
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- 8+ years’ experience in commercial (Property & Casualty) insurance underwriting, including demonstrable account management experience.
- Good knowledge of underwriting policies and procedures with first-hand experience of implementation of these
- Proven expert knowledge of commercial insurance wordings, product development, underwriting, legal, and regulatory.
- Good skills in MS office (Excel, Word, PPT) Outlook and internet applications
- ACII Chartered Insurer qualification
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