Underwriting Manager - Property

JR United Kingdom; London; Hybrid; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Technical Underwriting Manager to enhance their Retail and Specialty lines. This role is pivotal in developing tailored Underwriting Guides and collaborating with Property Underwriting Officers to achieve strategic objectives. The position offers a hybrid work model, allowing for flexibility while focusing on key underwriting strategies. You will engage in data analysis, monitor performance metrics, and contribute to training initiatives, making a significant impact on the company's growth and profitability. If you are ready to take your underwriting career to the next level, this opportunity is for you.

Qualifications

• Experience in underwriting and portfolio analysis.
• Strong analytical skills with a focus on data-driven decision making.

Responsibilities

• Establish and monitor underwriting strategies for profit and growth.
• Collaborate with teams to develop underwriting guidance and best practices.
• Analyze portfolios and provide insights on performance metrics.

Skills

Underwriting Strategies

Portfolio Management

Business Intelligence

Data Analysis

Regulatory Compliance

Education

Bachelor's Degree in Finance or Related Field

Tools

MI/BI Data Tools

Catastrophe Modelling Software

Job description

The job description is quite comprehensive and well-structured, but it can benefit from improved formatting for clarity and readability. I will organize the responsibilities into a clear, numbered list and ensure the content remains focused on the role's key aspects.

Here is the refined version:

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Are you a highly technical 1st Party or Property Underwriter looking to develop your career into a more strategic role? We are hiring a Technical Underwriting Manager to support our Retail and Speciality (Lloyd’s) lines of business, by developing tailored Underwriting Guides empowering our teams to thrive and grow. You will work closely with the Property Underwriting Officers, as well as building excellent internal relationships with our Senior Underwriters, to support the establishment and monitoring of long and short term underwriting strategies to effectively achieve profit and growth objectives.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.

What Will You Do?

1. Contribute to the establishment and monitoring of underwriting strategies that reflect market competitive conditions and global BI appetite.
2. Assist UW Officers to develop and analyse portfolios from an underwriting perspective utilising MI/BI data and reporting insights from multiple sources – Portfolio Management, Business Intelligence, Actuarial, Catastrophe Modelling, Rating, Claims, Production and other performance data.
3. Identify trends by understanding and monitoring key performance metrics (e.g., portfolio mix; drivers of underwriting performance; claims performance by cause and by attrition, large and catastrophe components; geography; segment; distribution channel; rate targets, etc.).
4. Assist the UW Officers with analysis to identify and explain portfolio changes, delivering clear insight into account structure and performance. In setting strategy for rate adequacy and pricing. Prepare data and narratives for treaty reinsurance and compile and monitor regulatory returns, e.g., MID, Lloyd’s SBF Narrative, Pool Re, etc.
5. Work collaboratively with Product Development, AVPs, Portfolio & Product Managers to develop underwriting guidance and best practices, ensuring underwriting guidelines are established, updated, and fit for purpose.
6. Support monitoring of legal, regulatory, and statutory environments where we trade, along with industry developments and claims trends, making recommendations for underwriting strategy revisions.
7. Assist the BI UWO in overseeing and engaging in the approval, sign-off, and development of policy wordings and product underwriting guidance, including product appetite.
8. Assist UW Officers in establishing and maintaining underwriting and pricing guidelines, ensuring the repository of technical underwriting guidance remains current.
9. Participate in, prepare reports for, and present at Collaborative Underwriting Reviews (CUREs) and Portfolio Reviews. Engage in Independent Peer Reviews and Underwriter Level Reviews.
10. Contribute to reviewing training needs and creating and delivering training to Underwriters.