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Underwriting Risk Analyst

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


Underwriting Risk Analyst

Job Market - Insurance / underwriting

Underwriting Risk Analyst - About the role

This is a broad-based role within a team that supports the Head of Risk & Capital in delivering and enhancing the underwriting risk management framework.

The Risk Team has a core focus on improving overall underwriting risk management. Working with the underwriting teams, Active Underwriter, CUO and support functions, the Team ultimately plays a part in improving underwriting result and controls environment, while at the same time giving the Board/Executives comfort over strategy, business plan and adherence to underwriting processes and procedures.

Underwriting Risk Analyst - Key duties

Underwriting Performance/Support

In a second line capacity, oversee the effective identification of underwriting issues and concerns and instigate appropriate challenge of underwriting

Conduct detailed class reviews, working with Exposure Management, Reinsurance, Finance and Actuarial to provide the

recommendations needed to address underwriting performance or underwriting controls

Support re-underwriting of areas of the underwriting portfolio

Support product development where necessary

Strategy and Planning

Input into syndicate business plan and long-term strategy

Develop link between our underwriting risk profile and the overall risk / return position

Consider, analyse and provide insight/oversight on new underwriting proposals

Track and monitor new initiatives and strategies

Underwriting Reviews, Controls and Best Practice

Help enhance a robust Underwriting Controls Framework

Embed underwriting minimum standards into our underwriting processes and procedures

Broader Risk

Conduct reviews of areas highlighted on the Risk Dashboard, by Lloyd’s, the PRA or Internal Audit

Engage in communication with Board / Management and underwriting heads / underwriters on all underwriting risk matters as necessary

Work closely with fellow risk peers and with other business areas, including Actuarial, Syndicate Planning, Capital Modelling, Finance, Strategy, Internal Audit and Compliance

Underwriting Risk Analyst - Key requirements

Relevant experience of underwriting risk or performance management

Insurance industry experience - ideally Lloyd’s managing agency experience

Experience of underwriting processes and practices and underwriting risk management

Proficient knowledge of Excel, Word and PowerPoint

Underwriting performance experience as well as in-depth knowledge of underwriting metrics

Broader risk awareness

Good understanding of capital modelling, catastrophe management, actuarial and finance practices

2.1 degree or better

Membership of an insurance / finance related professional body

Professionally qualified or part qualified in a recognised insurance or financial/risk discipline


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