Underwriting Manager – Ancillary Products

Automobile Association; United Kingdom; Remote; GBP 50,000 - 90,000; Full time

Job summary

Join a forward-thinking organization as an Underwriting Manager, where you'll play a pivotal role in integrating diverse ancillary products into a leading insurance framework. This position offers a unique opportunity to leverage your underwriting expertise while working collaboratively across teams to ensure compliance and optimize product performance. With a commitment to innovation and customer satisfaction, this role is perfect for those looking to make a significant impact in the insurance sector. Enjoy a supportive environment that values diversity and fosters professional growth.

Benefits

25 days annual leave plus bank holidays

Worksave pension scheme

Free AA breakdown membership

Discounts on AA products

Employee discount scheme

Company funded life assurance

Learning and development opportunities

Employee Assistance Programme

24/7 remote GP service

Qualifications

• Extensive experience in underwriting with insurers or MGAs.
• Strong grasp of UK insurance market and regulatory aspects.

Responsibilities

• Lead integration of ancillary products into AA Underwriting Ltd.
• Prepare regulatory submissions and manage compliance.
• Collaborate with various teams for product development.

Skills

Underwriting Experience

Regulatory Knowledge

Risk Management

Communication Skills

Commercial Awareness

Job description

Underwriting Manager – Ancillary Products

Business Area

Reference

NVR02587

Contract Type

Full Time

Location

Remote

Closing Date

20-05-2025

Company Description/ Business Unit

Location: Remote #LI-Remote
Employment Type: Full time / 12 Month Fixed Term Contract (FTC)
Business Area/Function: Pricing & Underwriting
Application Closing Date: Tuesday 20 th May 2025 Thought The AA only provides roadside assistance? Think again.

For over 100 years, we’ve continued to evolve and adapt. Today, as the nation’s number one motoring organisation, we offer a range of excellent products and services to millions of customers from roadside assistance to home and motor insurance as well as providing the latest driving technologies. As we continue to expand, diversify, and modernise, joining us as our Underwriting Manager – Ancillary Products, you’ll play a key part in our success and join us on this exciting motoring journey.

This is the job

Joining our team as the Underwriting Manager – Ancillary Products, in this pivotal role, you will lead the integration of our Ancillary Products book, consisting of six diverse products, into AA Underwriting Ltd by Q4 2026. Your expertise in underwriting, compliance, capital requirements, and the regulatory environment will be crucial to our success.

What will I be doing?

• Regulatory Submission: Prepare the Section 83a regulatory approval submission for the Gibraltar Financial Services Commission (GFSC), with a target submission date in Q3/Q4 2025.
• Collaborative Liaison: Work closely with Broker and Roadside teams to develop detailed product descriptions, manage claims handling, and deliver product attestations, including fair value assessments.
• Risk & Compliance Coordination: Partner with the Risk & Compliance teams to address key risks, adhere to FCA Prod4 rules, and manage value measure and pricing remedy reporting submissions.
• Actuarial Collaboration: Engage with the Actuarial team to understand and address capital implications for regulatory submissions.
• Financial Reporting: Collaborate with the Finance team to establish and implement future reporting requirements.
• Governance Preparation: Develop and propose a governance structure for AAUICL Board approval.
• Resource Planning: Assess and propose future resource requirements and establish ongoing performance monitoring post go-live.
• Board Presentation: Present the regulatory submission to the AAUICL Board for approval.
• Steering Committee Representation: Represent AA Underwriting Ltd on the project Steering Committee, ensuring alignment and progress.
• Regulatory Management: Oversee the approval process and ongoing relationship with the Gibraltar regulator (GFSC).
• Performance Optimisation: Identify opportunities to optimize product performance through underwriting expertise, market knowledge, and data analysis.
• Risk Management: Anticipate and plan for new and emerging risks that may impact our products, developing appropriate strategies.
• Product Value Reviews: Collaborate with Product teams to conduct regular product value reviews, ensuring our offerings continue to provide excellent value to our customers.
• Technical Expertise: Provide expert technical input into policy wordings, point-of-sale (POS) documentation, and product specifications.

What do I need?

Capability, Knowledge and Experience:

• Extensive experience of underwriting with an insurer or Managing General Agent (MGA).
• A keen commercial awareness and an excellent understanding of risk.
• Expert knowledge of the UK insurance market, with a strong grasp of legal, capital, and regulatory aspects, particularly those related to the Gibraltar Financial Services Commission (FSC).
• Proven track record of effectively communicating complex issues to business management.
• Experience leading teams through change within a large and complex business environment.
• Excel at presenting information clearly and persuasively.

Additional information

We’re always looking to recognise and reward our employees for the work they do. As a valued member of The AA team, you’ll have access to a range of benefits including:

• 25 days annual leave plus bank holidays + holiday buying scheme
• Worksave pension scheme with up to 7% employer contribution
• Free AA breakdown membership from Day 1 plus 50% discount for family and friends
• Discounts on AA products including car and home insurance
• Employee discount scheme that gives you access to a car salary sacrifice scheme plus great discounts on healthcare, shopping, holidays and more
• Company funded life assurance
• Diverse learning and development opportunities to support you to progress in your career
• Dedicated Employee Assistance Programme and a 24/7 remote GP service for you and your family

Plus, so much more!

We’re an equal opportunities employer and welcome applications from everyone. The AA values diversity and the difference this brings to our culture and our customers. We actively seek people from diverse backgrounds to join us and become part of an inclusive company where you can be yourself, be empowered to be your best and feel like you truly belong. We have five communities to bring together people with shared characteristics and backgrounds and drive positive change.
#LI-SJ1