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Underwriting Risk Manager

Company: Tony Martin
Job Ref: TMTURMan
Start Date: ASAP
Hours: Full Time
Working Term: Permanent Position
Salary: Negotiable


Underwriting Risk Manager

Job Market - Insurance

Underwriting Risk Manager - About the role

To provide an independent assessment of the risks presented to the company arising out of its underwriting operations

To work with the Risk Officer to identify and evaluate risks arising out of the day to day handling of underwriting which affect the finances, operations or reputation of the company and to make appropriate recommendations for the elimination control or transfer of those risks

To undertake periodic audits of the company’s own delegated underwriting functions to ensure they are following the prescribed processes, working within the agreed risk appetite and that the risk controls are working effectively

To validate the underwriting controls and to monitor these to ensure they remain appropriate and adequate.

To complete an annual self-certification of compliance with the requisite risk policies and controls in operation.

Ensuring relevant events are reported to the Risk Officer and are recorded in the events log, root cause analysis is carried out and a solution appropriate to the magnitude of the event is implemented

To promote risk awareness in such a way that it becomes embedded in the culture of the organisation

Take a methodical approach and has a keen eye for detail

Align the necessity for a robust risk management framework with the operational needs of the business

Design and implement an audit and reporting programme working to agreed deadlines

Ad hoc or additional:

The above represents the key areas of responsibility within your role, however you may be required to cover additional duties as and when required.

Underwriting Risk Manager - Key requirements

ACII or other relevant professional qualification preferred

At least 5 years working in an underwriting environment preferably with some auditing or quality assurance responsibility.

A good understanding of how to identify risks and the methodologies used to assess their impact on the business.

Knowledge of the regulatory and compliance legislation which governs the conduct of insurance business

An understanding of the three lines of defence model as part of Solvency II


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