Property & Casualty Underwriting Manager – Portfolio Management

Lawes Insurance Recruitment; London; On-site; GBP 60,000 - 80,000

Job description

Job Title: Property & Casualty Underwriting Manager

Location: London

Full/Part Time: Full Time

Salary Circa: £65,000

Insurance Industry Sectors: Underwriting, Property, Casualty, Liability

To support the CUO and Portfolio Director with underwriting expertise to help build, analyse and review underwriting plans, liaising regularly between insurers and the MGA in the development of underwriting strategy specific to binders/insurer and in developing and monitoring best practice underwriting standards across the business.

Responsibilities:

• Attend insurer meetings - both formal and ad hoc - and produce or provide inputs to those meetings as required and work with the MGA to implement agreed underwriting and pricing strategy.
• Analyse data and provide key findings and recommendations.
• Monitor loss ratio targets by binder and recommend corrective action.
• Build underwriting plans for finalising and approval within the MGU and with insurers.
• Work closely with the business teams and technical managers to understand performance issues.
• Provide impact analysis of proposed portfolio changes.
• Model and present ad hoc data for capacity partners and support the selection and securing of new capacity partners.
• Support the MGU in areas where a consistent approach to underwriting best practice needs designing and implementing.
• Liaise with technical managers to develop best practice and a systematic approach to technical underwriting, e.g., technical peer review, licence frameworks, training and development frameworks.
• Monitor adherence to appropriate underwriting standards.
• Support proposition development and implementation for both new and existing binders.

Experience:

• ACII or progress towards.
• Technical underwriting experience in either Property or Casualty insurance.
• Experience gained from an insurance company background in an underwriting role.
• Some experience of working within a portfolio team would be of benefit.
• Some knowledge of delegating underwriting would be of benefit.
• Understanding of underwriting calculations – loss ratio, ultimate loss ratios, combined ratios, accident year and underwriting year basis of calculation.
• Ability to analyse data and trends and draw conclusions from key data sets.
• Strong working knowledge of Excel and PowerPoint.
• Solutions-focused underwriter.
• Profit and growth approach.

Further Information:

As well as a competitive salary we offer the following benefits:

• Competitive holiday allowance with the annual option to buy additional days.
• Death in Service benefit of x4 salary.
• Company pension scheme.
• Enhanced maternity and paternity leave packages.
• A flexible benefits package which allows you to add additional benefits to your overall package.
• Our benefits portal offers discounts on technology & electronics, cinemas, restaurants, days out, mortgage advice, travel, and many more.
• Discounted rates on company products.

For extra information please contact: 0203 411 8430