Syndicate Underwriting Manager

Polo; City Of London; On-site; GBP 90,000 - 130,000; Full time

Job summary

Polo in London is seeking a Syndicate Underwriting Manager to support the Deputy Director of Underwriting with the delivery and oversight of the underwriting framework across a portfolio of syndicates.

You will lead on governance, on-boarding of syndicates, and coordination with the underwriting management team to monitor performance, drive corrective actions, and ensure timely submissions to Lloyd's.

Qualifications

• Experienced in the Lloyd's market with an underwriting oversight background.
• Knowledge of underwriting governance and controls frameworks.
• Proficient in underwriting management information and data analysis.
• Excellent written and verbal communication and strong interpersonal skills.
• Ability to work collaboratively across teams and manage multiple deadlines.

Responsibilities

• Report to the Deputy Director of Underwriting on delivering the oversight framework.
• Lead onboarding of new syndicates into the framework and coordinate with Heads of Underwriting.
• Monitor syndicate performance against plans and review monthly/quarterly reports.
• Develop and implement corrective actions for deviations from plan.
• Review syndicate business plans and lead SBF processes with Lloyd's submission.
• Lead the Underwriting Committee on syndicate matters and mid-year changes.
• Maintain records of syndicate activities and ensure regulatory compliance.

Skills

Lloyd's market experience

Underwriting oversight

Governance knowledge

Management information

Excel proficiency

Analytical thinking

Strong communication

Stakeholder collaboration

Tools

Excel

Job description

Syndicate Underwriting Manager

Department: Managing Agency

Employment Type: Permanent

Location: London

Description

To support the Deputy Director of Underwriting with the delivery and oversight of the underwriting oversight framework and in the delivery of business planning activities across a portfolio of syndicates.

Key Responsibilities

To report to the Deputy Director of Underwriting in all matters relating to the delivery of the managing agency underwriting controls and oversight framework and the onboarding of new syndicates into the framework.

Work alongside the Head of Underwriting Management & Onboarding and the Head of Underwriting Operations to agree the Underwriting Oversight Framework and its implementation at new syndicates.

To monitor managed syndicates against the agreed syndicate business plans including the review of monthly and quarterly underwriting performance reports. Working closely with the Underwriting Management Team plus the Active Underwriters and their teams as appropriate to understand any deviations from plan.

To consider performance strategies and work with the Deputy DoU in the implementation of corrective action if required.

To work alongside the Underwriting Controls function of the Underwriting Management Team to investigate deviations from agreed plan and agree strategies for corrective actions.

To review syndicate business plans for the prospective year of account, leading on the SBF process internally and externally with a portfolio of syndicates, to ensure timely review, challenge and submission to Lloyd's.

To lead on Underwriting matters at the monthly Underwriting Committee with specific syndicates.

To lead on any Mid-Year Changes requested by syndicates, ensuring the necessary co-ordination across functions and making recommendations to the PMA Deputy DoU.

May be requested to work with the Director of Underwriting and the New Business Director, depending on the portfolio of the new business opportunity.

To work alongside the Underwriting Controls Function on syndicate BAU activities.

To maintain record keeping and action logs of syndicate related activities to support and evidence oversight. This may include the review of documentation such as Underwriting Guidelines.

To maintain compliance with Loyd's Principle for Doing Business and any applicable UK or International statutory regulatory obligations as required by the role.

To conduct ad hoc reviews and projects as required.

Skills, Knowledge and Expertise

Experienced in the Lloyd's market with a solid underwriting background, supported by practical experience in underwriting oversight.

Sound knowledge of Underwriting Governance and Controls Frameworks.

Sound knowledge of underwriting management information.

Self-motivated and proactive.

Strong organisational and planning skills, with the ability to prioritise and deliver results under pressure.

Ability to adapt to changing priorities and manage multiple deadlines.

Ability to interrogate large data sets and produce committee packs as required for regular meetings.

Good level of IT skills including Excel.

Highly numerate with strong analytical and problem-solving skills.

Excellent written and verbal communication skills and strong interpersonal skills.

Ability to work collaboratively and establish strong relationships.

Benefits

• As well as a competitive salary, discretionary annual bonus, and a minimum 26 days of annual leave (with the option to buy more), you will also get an excellent benefits package, including flexible, hybrid working, private health insurance, life assurance, income protection, enhanced pension contributions, and occupational maternity and paternity pay.
• You will also have access to company volunteering days, an Electric Vehicle (EV) leasing scheme, an employee assistance programme with retail discounts and savings, a generous employee referral scheme and regular sports and social events.