Head of Delegated Authority

Convex Insurance; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Head of Delegated Authority to enhance its underwriting governance framework. This pivotal role requires a strategic thinker with a strong client service focus, dedicated to optimizing processes and ensuring compliance with regulatory standards. The successful candidate will lead a team of professionals, championing innovation and continuous improvement. With a commitment to exceptional service delivery, this position offers the opportunity to make a significant impact within a dynamic environment. If you are passionate about the (re)insurance industry and eager to drive change, this role is for you.

Benefits

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

GBP 1,300 for learning & wellbeing

Qualifications

• 10+ years in (re)insurance with a focus on delegated underwriting governance.
• Strong analytical skills and ability to manage compliance and risks.

Responsibilities

• Manage risks and ensure compliance in delegated underwriting agreements.
• Lead and develop a team, fostering a culture of excellence and improvement.

Skills

Strategic and collaborative thinking

Quantitative and qualitative analysis

Financial and risk analysis

Verbal and written communication

People management

Problem-solving

Continuous improvement mindset

Job description

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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
• GBP 1,300 to spend on learning & wellbeing
• Give as You Earn
• Cycle to Work
• Season Ticket Loan