Underwriting Administration Manager

Job Details

Contact Info

Contact Person: Tony Massenhove Email: tony@massenhove.co.uk Telephone: 01621 786 220
Job Title: Underwriting Administration Manager

Job Description

An ambitious leading Lloyd’s Insurer is looking for an individual within Underwriting Management to have responsibility for the smooth and effective operation of all underwriting administration functions.

Reporting to the Head of Underwriting Management, the person will be an important member of the broader Underwriting Management department.

This is an important and exciting time for the insurance industry and for the company in particular. This new role is to help manage and improve the efficiency of underwriting practices across the company.

Summary of Underwriting Administration:

The purpose of the underwriting administration function is to:

Ensure smooth operation of underwriting practices in line with defined standards and protocols

Manage necessary regulatory returns

Maintain and enhance associated documentation

Manage annual business planning process

Co-ordinate post-event large loss reporting

Ensure completion of required underwriter reports

Provide data / reports / information to the Underwriting Performance team

Adopt an approach of continuous improvement with ongoing assessment of the appropriateness and quality of data and reporting

Description of Role:

Responsibilities of the Underwriting Administration Manager include but are not limited to:

Maintain underwriting standards

Administer effective operation of defined underwriting procedures and protocols - including peer review, large lines, exception reporting, long-term policies

Deliver effective and consistent practices and disciplines across divisions and offices

Ensure adherence to group underwriting risk policy

Ensure underwriter familiarity with required standards and protocols

Maintain ongoing communication with underwriters

Regulatory returns

Maintain schedule of key dates for reports and returns

Deliver underwriting returns, as defined, to regulators and other third parties

Manage necessary communication with Lloyd’s with respect to standard and conformance returns and exception reports

Documentation

Maintain and update documentation of underwriting procedures and protocols within the Underwriting Manual

Maintain documentation in relation to Lloyd’s Underwriting Performance Minimum Standards (LUPMS)

Maintain class mapping mastersheet

Manage annual business planning process

Co-ordination of post-event large loss reporting

Ensure completion of required underwriter reports

Provision of data / reports / information to the Underwriting Performance team

Review and enhancement

Monitoring underwriting disciplines and practices across divisions and offices and making suggestions for improvement

Contribute to development and improvement of internal MI relating to the above

Enhancement of practices and evolution in accordance with Solvency II requirements

Design and implement new protocols as necessary

Deliver and act on feedback from monthly RIPRs

In addition, the person would need to be flexible enough to respond to ad hoc requests within the department and assist the rest of the underwriting management team as required.

Personal Profile:

The role will have a very practical and structured emphasis but will require flexibility, enthusiasm, commitment and professionalism.

Key experience and skills:

Insurance and reinsurance experience gained, possibly, in an underwriting or business analyst environment.

Strong presentation skills – drafting reports and presentations.

Strong academic qualifications as well as, ideally, ACII.

Highly organised with consistently high attention to detail.

Confident and self-motivated – good initiative and work ethic.

Ability to plan, organise, communicate and influence

Structured and methodical approach

Articulate, personable and able to interact at all levels within the organisation.

Enthusiastic and rounded individual.

Advanced knowledge of all Microsoft Office software essential.

Details

Job Ref: MASS 958 Hours: Full Time Location: London Working Term: Permanent Position Salary: £65,000

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