Head of Delegated Authority

Starr Underwriting; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a dedicated leader for the Head of Delegated Authority role. This position focuses on enhancing delegated underwriting governance and ensuring compliance with regulatory requirements. The ideal candidate will champion innovation, collaborate with internal and external stakeholders, and lead a team towards operational excellence. With a commitment to continuous improvement and strategic thinking, this role is crucial in delivering unparalleled service to clients and differentiating the organization in a competitive market. If you're passionate about (re)insurance and want to make a significant impact, this is the opportunity for you.

Benefits

30 days Annual Leave

Birthday Leave

10% Employer Pension Contribution

Private Health Insurance

Group Income Protection

Life Assurance Cover

Enhanced Parental Leave

Annual Health Check

3 days Volunteer Leave

Season Ticket Loan

Qualifications

• Minimum of 10 years of relevant (re)insurance industry experience.
• Exceptional quantitative and qualitative analysis skills.
• Strong working knowledge of financial and risk analysis.

Responsibilities

• Identify, assess, and manage risks associated with delegated underwriting.
• Lead, mentor, and develop a team responsible for governance.
• Ensure policies and procedures are up to date with industry best practices.

Skills

Strategic thinking

Quantitative analysis

Qualitative analysis

Financial analysis

People management

Problem-solving

Communication skills

Continuous improvement mindset

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 delivering support services to all underwriting teams outside the United States. It comprises Convex employees and strategic outsourcing partners.

We are seeking a dedicated and forward-thinking leader to serve as the Head of Delegated Underwriting Governance. This role requires a strong client service focus, innovation, and continuous enhancement of our delegated underwriting governance framework. The role ensures delegated underwriting agreements are effectively managed, compliant with regulations, and aligned with the company's strategic goals. Collaboration with internal stakeholders and external partners is essential to optimize processes, mitigate risks, and stay ahead of industry trends, delivering exceptional service and market differentiation.

Key Responsibilities

1. Identify, assess, and manage risks related to delegated underwriting, implementing controls to mitigate issues.
2. Collaborate with underwriting, compliance, legal, and other departments to ensure cohesive governance and effective communication.
3. Maintain policies and procedures for delegated underwriting, reflecting industry best practices and regulatory updates.
4. Lead, mentor, and develop the delegated underwriting governance team, fostering excellence, accountability, and continuous improvement.
5. Identify training needs, providing guidance to enhance team skills and career growth.
6. Optimize operational models, governance, technology, and outsourcing for efficient department functioning.
7. Set objectives and performance standards, conduct reviews, and provide feedback.
8. Ensure adequate resourcing and workload management for the team.
9. Develop and implement operational improvements and efficient processes.
10. Coordinate with the Outsourcing Delivery team to ensure effective management of outsourced partners within the governance framework.

Skills, Knowledge, and Expertise

• Minimum of 10 years in (re)insurance industry experience.
• Strategic, collaborative thinking with the ability to identify gaps and deliver results through teamwork.
• Exceptional analysis skills, both quantitative and qualitative.
• Strong knowledge of financial and risk analysis.
• Excellent verbal and written communication skills.
• Superior people management abilities.
• Discretion in resolving process issues within global outsourcing models.
• Continuous improvement mindset.
• Proven problem-solving skills with practical solutions.
• Flexibility to work during peak underwriting periods.

Benefits

• Competitive Salary
• 30 days Annual Leave
• Birthday Leave
• 10% Employer Pension Contribution
• Private Health Insurance
• Group Income Protection
• Life Assurance
• Enhanced Parental Leave
• Annual Health Check
• 3 days Volunteer Leave annually
• £1,300 learning & wellbeing allowance
• Give as You Earn
• Cycle to Work
• Season Ticket Loan