Underwriting Controls Analyst

Tokio Marine Kiln; London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading underwriting firm seeks an Underwriting Controls Analyst to enhance its underwriting controls framework. The role involves documenting and reviewing controls, ensuring compliance with regulatory requirements, and providing assurance to stakeholders. Candidates should possess Lloyd’s market experience and excellent attention to detail, and be able to work collaboratively within a team. The company promotes an inclusive culture with opportunities for professional growth and a commitment to flexible working arrangements.

Benefits

Inclusion network groups

CSR and charitable activities

Flexible working arrangements

Qualifications

• Demonstrable Lloyd’s or London market experience.
• Good knowledge of the Lloyd’s Oversight Framework.
• Ability to schedule and prioritise work to strict deadlines.
• Excellent attention to detail.
• Ability to work with key senior stakeholders.

Responsibilities

• Assist in the delivery and maintenance of underwriting controls framework.
• Help in production and review of key underwriting controls documentation.
• Provide monthly exceptions reporting and testing of key underwriting controls.
• Oversee and deliver regulatory reviews and reporting relating to underwriting controls.

Job description

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We have the opportunity for an Underwriting Controls Analyst to join our Underwriting Management department here at Tokio Marine Kiln. Working closely with the Underwriting Controls Manager and Underwriting departments, you will help design, implement and maintain a robust underwriting controls framework, including the identification of areas where existing underwriting controls need to be enhanced and then work to support implementation of the improvements.

The role includes responsibility for:

Assisting in the delivery and maintenance of robust underwriting controls framework across the company and Lloyd’s platforms to ensure compliance with regulatory requirements.

Assisting in production, maintenance and review of all key underwriting controls documentation including Underwriting Policy and Procedures, Underwriting Guidelines, Pricing Policy and Procedures and Independent Review Policy.

Annual issue and maintenance of Underwriting Letters of Authority.

Development and provision of monthly exceptions reporting and testing of key underwriting controls and KPIs to the Underwriting Committee to provide assurance that underwriting is carried out in accordance to stated risk appetite and underwriting policy.

Assisting in the regular review, testing and attestation of underwriting controls against the Lloyd’s Principles and internal controls framework.

Assisting the Underwriting Controls Manager and Underwriting Management team in overseeing and delivering regulatory reviews, regulatory reporting or ad-hoc projects relating to Underwriting controls.

The successful candidate will have demonstrable Lloyd’s or London market experience with a good level of knowledge on the Lloyd’s Oversight Framework. They will also have the ability to schedule and prioritise work to strict deadlines and work well with key senior stakeholders across underwriting, risk and external regulators. Knowledge of pre-bind quality assurance process (PBQA), Lloyd’s regulatory returns and underwriting exceptions reporting, and controls would also be beneficial. We are looking for a self-starter who has excellent attention to detail and can work as part of a team.

The successful candidate will be welcomed into the TMK family to help us further our purpose of enabling our clients to fulfil their ambitions whilst benefiting society and our people. We are committed to ensuring a safe, open, inclusive and empowering environment in which all of our people can thrive. All employees have the opportunity to join one or a number of inclusion network groups or take part in CSR and charitable activities. TMK is signed up to the Disability Confident Employer Scheme and we also accommodate flexible working, subject to the TMK flexible working policy.

As an underwriting firm with over 140 years’ experience of protecting clients from changing risks we put our confidence in the ability and talent of our people. We aim to be a ‘Good Company’ and this means being a great and inclusive company to do business with and being a great place to work. Our culture is founded on our core values of empowerment, inclusion, excellence, integrity, teamwork and innovation. We seek to recruit the best talent by endeavouring to reach diverse talent pools, offering dynamic working arrangements and investing in development.