Department: Underwriting & Statistics

About the Job:

To develop, agree and implement the Board’s strategies with regard to the pricing, profitability and statistics of the Group’s warranty business.

Tasks:

Calculate and quote prices, including terms and conditions for all new and renewal warranty business.
Prices should be set in line with market conditions and also in order to meet Group financial targets and guidelines.
Maintain and maximize warranty business profitability in line with Group financial principles.
Produce accurate business forecasts for both internal and external use, detailing overall profitability which will be used to feed into the Group forecast and budgeting process.
Monitor and report on client and scheme profitability and combined ratios on monthly basis.
Identify trends and recommend remedial action where necessary.
Maintain a disciplined and structured pricing policy.
Develop team / department members to take a full and responsible part in supporting and developing the Underwriting & Statistics function.
Review and agree contract and policy / plan wordings.
Review internal controls and outline key business risks and high level controls which are in place.
Work closely with Directors / Managers / Operational team to ensure service levels are met and to maintain market leadership.

Experience Needed:

Numerical Degree essential Previous financial or underwriting role preferred.
Knowledge of insurance market place useful.
Good technical skills required (including Microsoft applications) Insurance/Financial/Actuarial qualifications an advantage.
Knowledge of Cognos budgeting software useful.