Commercial Lines Underwriting Manager
Job Title: Commercial Lines Underwriting Manager
Reports to: Commercial Lines Director
Department/area: Commercial Lines
Location: London
Broadband: 2
This information is provided as a guide only and is not contractual.
Job purpose
To provide overall management of the commercial Property, Liability and Schemes accounts, in order to meet the Division’s profit and growth objectives
Key responsibilities
- Developing and reviewing underwriting policy, wordings, ratings, risk control strategy etc. in order to maintain and improve the quality of the Property, Liability and Schemes accounts, developing and amending underwriting guidelines as necessary. Ensuring that appropriate reinsurance is available across the account and on specific risks.
- Underwriting business referred by Assistant Managers or Schemes Underwriters, including unusual cases and those requiring higher authority. Setting strategy for and responding to enquiries for schemes.
- Analysing Property, Liability and Schemes account statistics (both manual and systems) identifying trends and forecast issues, and reporting to senior management as necessary. Implementing changes and strategies as appropriate.
- Agreeing programmes for audits and technical reviews, and reviewing reports. Making visits to the SME Unit in Manchester periodically. Monitoring compliance with underwriting authorities and ensuring business is run and controlled with due diligence and in accordance with FSA requirements.
- Organising, motivating and developing the Commercial Underwriting team in order to meet departmental objectives, ensuring effective communication and performance.
- Dealing with and visiting brokers in connection with business development, Schemes, referrals and complaints in liaison with the sales and development team as appropriate.
- Attending external meetings as may be required e.g. reinsurer’s and ABI. Liaising with claims management and technicians, conducting large loss audits and joint audits to ensure objectives are met. Obtaining and responding to market information as necessary.
- Working with Propositions management to identify and develop new product initiatives and ensure underwriting involvement in product development.
Dimensions
The key dimensions of this role are:
- Direct reports: 4
- Overall staff under control: 11
- Budget authority: None
Essential competencies
- Commercial Awareness
- Strategic Business Perspective
- Creativity and Innovation
- Drive and Energy
- Communicating
- Teamwork
Technical skills required
Essential:
- Sound Commercial Property and Liability underwriting experience.
- Highly numerate.
- Sound IT skills including use of Excel spreadsheets.
- Team management experience.
- Sound leadership, negotiation and organisational skills.
- Ability undertake performance analysis and provide reports in a focused and timely manner.
Desirable:
- Underwriting management experience
- ACII or higher
Circumstances
The job will travel to other locations and external meetings, seminars and/or conferences, on occasions involving overnight stays.
How to apply
Equal opportunity statement
We are committed to the principle of equal opportunity in employment. The Company is opposed to any form of less favourable treatment, whether through unfair, inconsistent direct or indirect discrimination, accorded to employees and applicants for employment on the grounds of sex, sexual orientation, marital or parental status, disability, race, religion or belief, age, creed, colour, nationality, ethnic or national origin.
Having a criminal record will not necessarily bar you from working with us. This will depend on the nature of the position and the circumstances and background of the offence.
