Head of Delegated Authority

Convex; London; On-site; GBP 80,000 - 120,000; Full time

Job summary

A leading company in the insurance sector is seeking a Head of Delegated Authority to enhance their underwriting governance framework. This role focuses on client service, innovation, and collaboration with internal and external partners to optimize processes and mitigate risks. The ideal candidate will have extensive industry experience and a commitment to continuous improvement.

Benefits

Competitive Salary

30 days Annual Leave

Birthday Leave

10% Employer Pension Contribution

Private Health Insurance Medical Cover

Group Income Protection

Life Assurance Cover

Enhanced Parental Leave

Annual Health Check

3 days of Volunteer Leave each year

10 days of help with care (elder/ childcare) through Bright Horizons

£1,300 to spend on learning & wellbeing

Give as You Earn

Cycle to Work

Season Ticket Loan

Qualifications

• Minimum of 10 years of relevant (re)insurance industry experience.

Responsibilities

• Identify, assess, and manage risks associated with delegated underwriting.
• Lead, mentor, and develop a team of professionals.
• Ensure policies and procedures are kept up to date.

Skills

Strategic Thinking

Quantitative Analysis

Qualitative Analysis

Communication

People Management

Problem Solving

Continuous Improvement

Job description

Head of Delegated Authority

Department: Operations

Employment Type: Permanent

Location: London, UK

Description

The Underwriting Operations function sits within the Convex COO function.The function is responsible for delivery of support services to all underwriting teams outside the United States. The Underwriting Operations function within Convex is a blend of Convex employees and those of Convex’s strategic outsourcing partners.

We are seeking a dedicated and forward-thinking leader to serve as the Head of

Delegated Underwriting Governance. This role demands a strong client service

focus and an individual who will champion innovation and continually seek new

ways to enhance our delegated underwriting governance framework. This role

ensures delegated underwriting agreements are managed effectively, align with

regulatory requirements, and support the strategic objectives of the company.

The Head of Delegated Underwriting Governance will collaborate closely with

internal stakeholders and external partners to optimise processes and

procedures related to the governance of delegated underwriting while ensuring

that any associated risks are mitigated. A commitment to creativity, strategic

thinking, and staying ahead of industry trends is essential to deliver unparalleled

service to our clients and differentiate us in the market.

Key Responsibilities

• Identify, assess, and manage risks associated with delegated underwriting, implementing controls to mitigate potential issues.
• Work closely with underwriting teams, compliance, legal, and other relevant departments to ensure cohesive governance practices and effective communication.
• Ensure policies and procedures related to delegated underwriting, reflecting industry best practices and regulatory changes are kept up to
• date.
• Lead, mentor, and develop a team of professionals responsible for delegated underwriting governance, fostering a culture of excellence, accountability, and continuous improvement.
• Identify training needs and opportunities for team members, providing guidance and support to enhance their skills and career progression.
• Ensure the efficient and effective running of the department though optimisation of operational model design, governance, technology and outsourcing.
• Set clear objectives and performance standards for the team, conducting regular performance reviews and providing constructive feedback.
• Ensure the team is adequately resourced to meet the demands of delegated underwriting governance, managing workloads effectively and prioritising tasks.
• Development of effective and efficient business processes including the identification, evaluation and implementation of operational improvements.
• Coordination with Outsourcing Delivery team in order to ensure that outsource partners are effectively managed within the outsourcing governance framework.

Skills Knowledge and Expertise

• Minimum of 10 years of relevant (re)insurance industry experience
• Strategic and collaborative thinking - ability to visualise what doesn't exist, identify gaps and navigate delivery of results via collaboration with other colleagues and teams
• Exceptional quantitative and qualitative analysis skills
• Strong working knowledge of financial and risk analysis
• Superior verbal and written communication skills
• Exceptional people management skills
• Able to use good discretion in working to resolve process issues that ensure the success of our established global outsourcing models.
• A continuous improvement mindset.
• Proven ability to solve problems and identify practical solutions.
• Ability to work flexibly in order to complete duties of the role, particularly during peak underwriting periods.

Benefits

• Competitive Salary
• 30 days Annual Leave
• Birthday Leave
• 10% Employer Pension Contribution
• Private Health Insurance Medical Cover
• Group Income Protection
• Life Assurance Cover
• Enhanced Parental Leave
• Annual Health Check
• 3 days of Volunteer Leave each year
• 10 days of help with care (elder/ childcare) through Bright Horizons
• £1,300 to spend on learning & wellbeing
• Give as You Earn
• Cycle to Work
• Season Ticket Loan