Underwriting Operations

Taylor James Resourcing; Greater London; On-site; GBP 55,000 - 65,000; Full time

Job summary

A leading recruitment agency is seeking an Underwriting Operations Business Partner in London with a salary range of £55,000 to £65,000. The ideal candidate will have experience in insurance operations and familiarity with the London Market. This role involves overseeing service delivery, managing a team, and ensuring data quality. Responsibilities include acting as a liaison between teams, monitoring KPIs, and managing operational workflows during peak times. A generous benefits package, including a 15% bonus, is offered.

Benefits

Generous on target bonus of 15%

Full benefits package

Qualifications

• Candidate must have experience in insurance operations.
• Understanding of the London Market Insurance processes is crucial.
• Experience in managing and training team members is beneficial.

Responsibilities

• Oversee risk administration service delivery by Outsourced Business Partner.
• Act as a coordinator between Underwriting Team and Operations.
• Monitor KPIs and ensure data quality among team members.

Skills

Insurance operations experience

Familiarity with London Market Insurance processes

Risk administration service delivery

Job description

Overview

• Client Onboarding KYC Associate. 5 days in office,
• Senior HR Manager with Financial Services experience
• HR Business Partner. to £65,000 This well established
• Our client is looking for a Talent Development Specialist
• We are looking for a Deputy Group Company Secretary

Details

Date: 16 Jan 2024
Sector: INSURANCE
Type: Permanent
Location: London
Salary: £55000 - 65000 per annum
Email:
Ref: BT7151

Role

Underwriting Operations Business Partner to £65,000

Responsibilities

• This would be an excellent opportunity for a candidate with insurance operations experience and familiarity with London Market Insurance processes and systems to develop their career and move to a this highly regarded underwriters. The company offer a full benefits package including generous on target bonus of 15% .
• The successful candidate will be responsible for the risk administration service delivery by an Outsourced Business Partner, and Underwriting Operations to an Underwriting Team.
• Oversight of the risk administration Standard Operating Procedures, process flow charts and controls relevant to the Political Risks & Political Violence Underwriting Teams. Amend documentation annually, or whenever business change is planned.
• Act as the key contact, co-ordinator and point of escalation between the Underwriting Team, Underwriting Operations and the Outsourced Business Partner. Respond to queries from all stakeholders to ensure an efficient service is delivered. Attend / lead meetings as required with relevant stakeholders.
• Responsible for the management and training of the Underwriting Operations Team members who support the Underwriting Team.
• Standardise services alongside other Underwriting Operations Business Partners who are responsible for different Underwriting Teams, to create flexibility in operational support model during peak periods and business needs.
• Identify opportunities to automate or outsource further tasks and follow governance processes and testing associated with the changes.
• Monitor daily / weekly / monthly KPIs updating Senior Operations and Underwriting Management. Ensure workflows remain in service and maintain a high level of data quality.
• Coordinate shared email boxes supporting the Underwriting Team. Triage correspondence and action promptly to avoid backlogs.
• Monitor data quality entry by the Outsourced Business Partner and Underwriting Operations Assistants in via sample checks and exceptions reports. Perform root cause analysis for any issues.
• Support the organisations Board's to maintain a corporate culture, policies and procedures that pay due regard to the interests of customers and treats them fairly at all times.