Underwriting Oversight Manager

Underwriting Oversight Manager

Department: Managing Agency

Employment Type: Permanent

Location: London

Reporting To: Head of Underwriting Management and Onboarding

Compensation: £85,000 - £95,000 / year

Description

To support the Head of Underwriting Management and Onboarding with the onboarding of new syndicate clients and the delivery and oversight of the underwriting framework at Polo Managing Agency.

Key Responsibilities

• To report to the Head of Underwriting Management and Onboarding and assist in all matters relating to the delivery of the managing agency underwriting and oversight framework and onboarding of new syndicates into the framework.
• To support in the monitoring of managed syndicates against the agreed syndicate business plans including the review of monthly and quarterly underwriting performance reports and also exception reporting.
• To assist the Head of Underwriting Management and Onboarding in investigating deviations from agreed plan which may include but not be limited to the carrying out of file reviews and undertaking data quality checks.
• To assist the Head of Underwriting Management and Onboarding to ensure the timely completion of actions arising from internal and external audits of the Underwriting function.
• To assist with the implementation, follow up and completion of the outcomes of Peer Review and Independent Expert Review of managed syndicates, working with syndicate teams as appropriate.
• To support in the preparation of regulatory returns as appropriate.
• To take responsibility for the recording of and timely closure of actions arising from team meetings.
• To maintain record keeping and action logs of syndicate related activities to support and evidence oversight.
• To maintain syndicate Letters of Authority on at least an annual basis.
• To assist in the maintenance of the policies and procedures which make up the Underwriting Framework.
• To review bordereaux entries in line with the expectations of the agreed business plan, reconciling entries as needed.
• To maintain compliance with Lloyd's Principle for Doing Business and any applicable UK or International statutory regulatory obligations as required by the role.
• To conduct ad hoc reviews and projects as required.

Skills, Knowledge & Expertise

• Experience in the Lloyd's market, preferably in an underwriting function role.
• Sound knowledge of Underwriting Frameworks and associated policy documentation.
• Sound knowledge of underwriting systems and underwriting management information.
• Self-motivated and proactive.
• Ability to adapt to changing priorities and manage multiple deadlines.
• Good level of IT skills including Excel.
• Highly numerate with strong analytical and problem-solving skills.
• Excellent written and verbal communication skills and strong interpersonal skills.
• Ability to work collaboratively and establish strong relationships.
• Preferably graduate and ACII qualified or progress towards qualification.
• Sound understanding of underwriting, delegated underwriting and Lloyd's operations.
• May have previous experience of working in a Managing Agent.
• Understanding of Lloyd's Principles for Doing Business.

Job Benefits

As well as a competitive salary, discretionary annual bonus, and 25 days of annual leave (with the option to buy more), you will also get an excellent benefits package, including flexible, hybrid working, life assurance, income protection, private medical insurance, enhanced pension contributions, and occupational maternity and paternity pay.

You will also have access to company volunteering days, an employee assistance programme with retail discounts and savings, a generous employee referral scheme, regular sports and social events, and free Cheltenham bus travel.