Senior Corporate Underwriting Audit Manager

McNeil & Co.; London, Birmingham, Manchester; On-site; GBP 60,000 - 100,000; Full time

Job summary

Join a forward-thinking company as a Senior Corporate Underwriting Audit Manager, where your expertise will help shape the future of underwriting processes across diverse markets. In this pivotal role, you will lead audits, collaborate with senior leadership, and enhance underwriting controls to ensure compliance and efficiency. With a strong emphasis on teamwork and innovation, this position offers the opportunity to work with talented colleagues and tackle complex business challenges. If you possess senior management underwriting experience and a passion for driving progress, this role could be your next great adventure.

Qualifications

• Experience in senior management underwriting, ideally with Lloyd’s.
• Strong analytical skills and attention to detail.

Responsibilities

• Lead auditing of P&C underwriting units across various regions.
• Plan and present underwriting audit findings to senior management.
• Coordinate audits with compliance and internal audit functions.

Skills

Senior management underwriting experience

Analytical skills

Collaboration

Time management

Organizational skills

Communication skills

Intellectual curiosity

Education

Experience with Lloyd’s or overseas experience

Proficiency in European languages (French, German, Spanish, Italian)

Job description

Senior Corporate Underwriting Audit Manager

Senior Corporate Underwriting Audit Manager

Apply locations: London, United Kingdom; Birmingham, United Kingdom; Manchester, United Kingdom

Time type: Full time

Posted on: Posted 12 Days Ago

Job requisition id: R24_1329

With a company culture rooted in collaboration, expertise, and innovation, we aim to promote progress and inspire our clients, employees, investors, and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

Arch’s Corporate Underwriting Audit (CUA) team is charged with evaluating the effectiveness of the underwriting process for all active Arch Property & Casualty Insurance Group Business Units in the United States, Canada, Australia, Bermuda, Europe, UK, and London Market including Lloyd’s that generated USD $5.9B of net premium and a 91.7% Combined Ratio in 2023.

CU Audit – via consultative reviews and reports – provides an objective, 2nd line of defense evaluation to Arch senior leadership as to the quality of the business units’ and delegated authority partners’ underwriting decisions in the management of their portfolios along with validating adherence to guidelines and authority levels, suggesting change where necessary and enhancing underwriting processes and controls.

Vice President, CU Audit – Arch International Responsibilities:

• Lead, or support the SVP CUA, in the auditing of all P&C underwriting units based in Australia, Bermuda, Europe, UK, and London Market including Lloyd’s, often aided by U.S.-based remote auditors.
• Manage a Senior Audit Manager and his team of seasoned domestic UK-focused auditors.
• Represent CUA to senior Arch leadership or regulators as required.
• Plan, organize, participate, and present underwriting audit/review findings of Arch Insurance International Business Units and delegated authority programs to senior management.
• Perform underwriting file reviews by measuring how well Arch’s Business Units and delegated authority programs adhere to corporate and business unit rules and protocols - including qualitative and procedural components such as file documentation, account analysis/selection, and use of pricing tools.
• Oversee the CUA UK Regions Senior Audit Manager and team.
• Co-ordinate audits with other company monitoring functions (Compliance, Internal Audit, Claims, Finance, etc.) as needed, to support a combined assurance process.
• Assist the business units audited in implementing the agreed actions emanating from the audits (as needed).
• Assist Underwriting Units in the planning and implementation of appropriate underwriting controls including documentation.
• Participate and represent CUA in governance-related meetings with the Audit Committee, Arch International’s senior management, internal audit, and compliance as requested, and potentially with regulators as required.
• Support, as requested and time allows, Business Unit 1st line of defense/walk through reviews of delegated authority cover holders.
• Support, as requested and time allows, underwriting audits/reviews of Arch Insurance North America.

Role Requirements:

• Senior management underwriting experience, ideally with Lloyd’s or overseas experience, in one or a number of key Arch lines of business such as Casualty, Professional Indemnity, Directors & Officers or Energy. Experience with other lines of business and underwriting audit experience would be beneficial but not essential as the right candidate would be trained.
• Additional European language proficiency (French, German, Spanish, or Italian) would be beneficial but not essential.
• Business leadership along with technical underwriting acumen with high attention to detail, intellectual curiosity, and strong analytical skills.
• A proven history of collaboration and an ability to influence colleagues outside the team toward achievement of mutual goals.
• Excellent time management and organizational skills.
• Demonstrated ability to work across interdisciplinary teams that are geographically dispersed.
• Strong oral and written communication skills.

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you.