Group Chief Underwriting Officer

AWE; City Of London; On-site; GBP 120,000 - 150,000; Full time

Job summary

A leading insurance firm is seeking a Group Chief Underwriting Officer to drive underwriting strategy and deliver sustainable growth. The ideal candidate will have over 15 years in the insurance industry and strong leadership in portfolio management. Key responsibilities include managing underwriting performance and capacity relationships, while fostering a collaborative team culture.

Benefits

Competitive salary and benefits package

Flexible working and holiday options

Pension, enhanced parental leave, and life insurance

Discounts on technology, travel, and leisure

Learning and development opportunities

Volunteering and charity support days

Qualifications

• 15+ years experience in underwriting & commercial insurance.
• 5+ years experience in a similar role.
• Proven record in developing profitable strategies and growth.

Responsibilities

• Manage underwriting performance at a portfolio level.
• Collaborate with business units and front line teams.
• Ensure adherence to legal and regulatory policies.

Skills

Technical & portfolio underwriting

Analytical abilities and problem-solving skills

Excellent communication and leadership skills

Ability to drive change in a fast-paced environment

Education

ACII – Chartered Insurance Broker

Bachelor’s degree in business, finance, or related field

Job description

Our Underwriting & Distribution (U&D) division within PIB Group is seeking a Group Chief Underwriting Officer to operate within its MGU space.

The purpose of the job is to own and execute on the Underwriting and Capacity Strategy of U&D to deliver sustainable growth in profits in keeping with the objectives of Underwriting & Distribution and PIB Group, whilst delivering profit targets agreed with insurers.

Critical strengths/experience should be demonstrable as regards:

• Technical & portfolio underwriting
• Commercial & strategic execution
• Capacity network / relations

The ideal candidate will be a strategic thinker with a strong background in portfolio management including pricingin a commercial insurance environment.

Key Responsibilities:

• Binder Management: it’s governance, oversight, the maintenance of operational systems and production of periodic MI to enable such oversight
• Underwriting Performance Management: manage the Underwriting performance at a portfolio level, using portfolio techniques to protect capacity arrangements and deliver U&D objectives
• Capacity Management: Manage insurer relationships from an underwriting perspective; seek out new capacity opportunities; ensure new and existing capacity relations, terms and structures are optimised; develop the capability to manage own capacity arrangements within the MGU
• Product oversight and governance: setting up and monitoring schemes with Insurers and compliance with PROD requirements as a Distributor and/or manufacturer and pricing
• Team management: Lead and successfully manage the MGU team of Portfolio Underwriters, Pricing and data executives. Deliver employee engagement within the team; build a positive culture in line with PIB Group philosophy, championing collaboration and an open, transparent communication style
• Stakeholder management: Collaborate with U&D business units MDs and their front line teams, as well as other departments (Risk & Compliance, Finance, People, Distribution & Operations) to ensure seamless integration of underwriting objectives and processes
• Personal responsibilities: Ensure adherence to legal and regulatory policy and guidelines including all PIB Group policies and procedures to maintain the company’s regulatory requirements and business ethics; develop strong relations with key partners and stakeholders and act as the focal point of contact for them; communicate strategic direction, operational decisions and sales perspectives to business teams, internal and external partners; assume CF responsibilities in line with relevant Statement of Responsibilities
• Continuous relevance: Maintain knowledge of the insurance markets and industry; monitor the marketplace to identify, assess and make recommendations about business opportunities and/or threats presented by new and/or emerging risks or competitors

Person specification
Essential:

• ACII – Chartered Insurance Broker and/or Business Administration / Management qualification

Desirable:

• Bachelor’s degree in business, finance, or related field; Master’s degree preferred

Experience

• 15+ years experience in underwriting & commercial insurance
• 5+ years experience in a similar role
• Proven record in developing profitable strategies and growth

Knowledge

• Strong understanding of general insurance products, regulatory framework
• Strong understanding of performance management principles
• Familiarity with diverse business functions such as marketing, PR, HR, Finance etc
• In-depth knowledge of corporate governance and general management best practices
• In depth knowledge of the UK insurance industry

Skills

• Analytical abilities and problem-solving skills
• Excellent communication and leadership skills
• Ability to drive change in a fast paced environment

Attitude

• Highly collaborative and positive
• High personal integrity
• Resilient and able to work with ambiguity

Why Join Us?

• Competitive salary and benefits package
• Flexible working and holiday options
• Pension, enhanced parental leave, and life insurance
• Discounts on technology, travel, and leisure
• Learning and development opportunities
• Volunteering and charity support days

Join a company that values innovation, growth, and its people. Apply now to take the next step in your career.

We are an equal opportunities employer, committed to hiring a diverse and inclusive workforce. We do not discriminate on the basis of race, colour, gender, religion, disability, age, sexual orientation or any other characteristic protected by law

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