Head of Underwriting Oversight

Recruiter
HFG
Location
London
Salary
£0 per annum
Posted
12 Nov 2018
Closes
10 Dec 2018
Ref
J23844
Contact
Jamie France
Experience
Other
Contract Type
Permanent
Hours
Full Time
Accountable to the CUO the Head of Underwriting Oversight will undertake day to day responsibility for the development, implementation, oversight and monitoring of the syndicate and branch guidelines and processes in respect of the underwriting function, as well as assisting with review and agreement of contract wordings. 

They will be responsible for all aspects of internal peer review and the monitoring and drafting of underwriting guidelines across all line of business.  They will coordinate the Independent Peer Review function and report the findings to the CUO and appropriate committees and take any action as determined by the CUO. They will lead on specific syndicate and company projects as required by senior management.

The Underwriting Services Team (UST) Manager will report to the Head of Underwriting Oversight and they will work together to ensure data is processed quickly and accurately and also broaden the responsibilities of the team to assist the Underwriters with other administration functions.

The role requires the individual to operate at a senior level, engaging with Executive and Board members, and to participate as a member of the Underwriting Committee.

- To produce and review underwriting policies, guidelines and associated documentation including underwriting authorities and process documents for all lines of business and any associated overseas offices and service companies, as well as liaison with Stockholm on Group Underwriting Guidelines.  
- To oversee the management of the Underwriting Services Team, which deals with all data entry and with the UST Manager expand the scope of the team`s responsibilities to assist underwriting teams with their administration 
- To ensure internal peer review and e-signings are properly being undertaken and to undertake regular internal peer reviewer for all classes of business.
- To oversee the Independent Peer Review plan and the respective reviewers and ensure the reviews are completed in accordance with the schedule created and that an appropriate panel of providers is maintained.
- To ensure that findings from any Independent Peer Review are reported to the CUO and responsible committee(s.  In conjunction with the CUO take action as necessary with the relevant underwriting teams.
- To coordinate with underwriting management to identify and investigate any breaches including underwriting outside of agreed plan, underwriting authorities and the like and reporting these to CUO and risk manager as necessary.
- To assist in the production and monitoring of all aspects of Lloyd`s Underwriting Minimum Standards including the annual attestation process.
- To act as Programme Manager for all TOM solutions for Sirius and in particular, overseeing progress with the PPL mandate and use of DA SATS and SDC.
- To assist with the review and agreement of contract wordings, as required and to lead on the Contract Quality Triage Tool project.

- Management of all underwriting documentation on Sharepoint ensuring that all documentation is kept up to date, is evidenced with the appropriate sign off and the accompanying meta data is appropriate
- Responsibility for the identification and management of risks for Underwriting and report on risks and controls to the central Risk & Compliance team

- To lead, or assist on projects as may be required, particularly where these have a direct impact upon underwriting.
- Undertake professional training and maintain commercial awareness of market trends.
- Adhere to all company Policies, Processes and Procedures.
- Adhere to all PRA/FCA, SARBOX and Lloyd`s regulatory requirements.
- Undertake additional related activities, as requested by the Line Manager.
- Attend Underwriting Reviews and Underwriting Conferences.
- Travel where required, subject to prior agreement.
- As a Risk Owner, to assume responsibility for managing all aspects of allocated risk(s).  This includes ensuring the risk(s) definition and ratings are appropriate; monitoring the risk(s) against agreed risk appetite/tolerances; escalating risk events/control failures and taking appropriate actions to address matters arising from these. 
- As a Control Owner, to assume responsibility for the management and execution of specified controls/action plans relating to risks, working closely with Risk Owners and the Risk Management team.  This includes ensuring that control design is appropriate to the risk(s) operates as intended and reporting any issues to the Risk Owner.

Key Personal Skills

- Strong interpersonal and communication skills
- Excellent oral and written communication, report writing and presentation skills
- Effective negotiation skills and the ability to influence others
- Ability to develop and maintain effective working relationships and teamworking skills

 Key Technical Skills/Knowledge/Professional Qualifications

- ACII qualified (or equivalent) and/or 10+ years progressive underwriting experience
- Effective analytical, problem solving and decision making skills
- Numeracy and statistical skills
- Excellent working knowledge of the Lloyd`s/London market
- Good working knowledge of MS Office

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