Product & Underwriting Performance Manager

Job Title – Product & Underwriting Performance Manager   

Contract – Permanent

Salary – Circa £60,000 + Benefits

Location – Northern UK / Home Working

Purpose of the Role:

• Own the development of existing and new products within the organisation
• Support the Underwriting & Operations Director as technical lead for the comany working with key stakeholders to deliver the required revenue within required ULR’s.
• Overseeing and reporting on Underwriting performance and delivery of binder plans, capacity management and placement
• Support Underwriting & Product Governance function

Key Role Accountabilities:

• Ownership of all Underwriting Guides, Policy Wordings, Rating & Product Builds in Policy Administration Systems (Acturis) 
• Supporting the Underwriting Team with achieving their financial targets for GWP by encouraging an expansive but disciplined approach to underwriting
• Assist the Underwriting & Operations Director with insurer/ capacity relationships
• Reporting and monitoring of Individual Binder Loss Ratios and any remediation plans. Ensure Binder remediation plan objectives are executed in a timely fashion and ensure adequate underwriting controls are in place to ensure any deviations are identified at an early stage
• Manage the schedule and reporting delivery for Profit Review Group (PRG) meetings with Insurers ensuring relevant actions are progressed and contractual requirements met
• Manage the schedule, contribute to and attend the internal Underwriting, Capacity and Product Governance Committees ensuring relevant actions are progressed
• Provide technical support on project related work and any other ad hoc technical activity as required.
• Work collaboratively with Risk and Compliance or other internal divisions as required
• Maintain technical, legal and market knowledge and develop personal knowledge, skills and technical underwriting authority.

Experience and Skills:

Skills –

• Proficient in Windows based applications, in particular Excel and PowerPoint.

Business expertise/ technical knowledge:

• Understanding of the workings of an Insurer / MGA / Delegated Authority business and trading platforms used
• Good knowledge of general commercial and personal lines insurance products and distribution channels
• Knowledge of the Insurance market, capacity providers and portfolio placement.
• Experience with data management, MI production and summarised reporting to an executive level
• Knowledge of Company and Lloyd’s market products and wordings (including their construction)
• Underwriting, pricing and product governance and the current regulatory environment
• Knowledge of market and regulatory risk and compliance

Personal Skills:

• Numeracy, rating & analysis skills.
• Relationship management
• Training delivery
• Presentation skills
• Time management
• Written & verbal communication
• Able to work with little supervision

Relationship Management:

• Matrix Management – work with other teams, businesses, functions as required
• Build and maintain strong working relationships with stakeholders at all levels – in particular with Underwriters, CUO Office and Insurers

Professional Qualifications & Experience:

• Professional Certification – Ideally ACII qualified or good progress towards this.
• Experience   – Significant experience in the Insurance industry

Person Specification:

• A professional, organised and proactive individual with a proven track record of embracing and working in an environment of change, as a key instigator of beneficial changes.
• Results focused, commercially minded and an ability to thrive in a high-paced goal-driven environment with excellent attention to detail and the ability to work independently.
• A passion to make a difference and add value for our internal and external customers

For a full brief please contact one of our specialist consultants:-

Tel: 0203 411 8430

Email: admin@lawesgroup.co.uk