Underwriting Operations Business Partner

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

Job summary

A leading financial firm in London is seeking an Underwriting Operations Business Partner to manage risk administration services and support the Underwriting Team. This role offers a competitive salary of £55,000 - £65,000 per annum and a full benefits package, including a generous on-target bonus. The ideal candidate should possess insurance operations experience and a solid understanding of London Market Insurance.

Qualifications

• Familiarity with London Market Insurance processes and systems essential.
• Experience in managing teams and risk administration.

Responsibilities

• Oversight of risk administration Standard Operating Procedures and controls.
• Act as the key contact between the Underwriting Team and Outsourced Business Partner.
• Manage and train the Underwriting Operations Team.

Skills

insurance operations experience

knowledge of London Market Insurance processes

Job description

Quick Registration First Name * Last Name * e-mail * Phone * Sector Location

Our client is a Global Financial Broking firm in London.

Client Onboarding KYC Associate. 5 days a week in

Administration Assistant – Financial Services

Our client is a Financial Market making company in

Our client is a Wealth and Asset Management firm in

Underwriting Operations Business Partner

Date: 1 Jun 2023
Sector: INSURANCE
Type: Permanent
Location: London
Salary: £55,000 - 65,000 per annum
Email: [e-mail]
Ref: BT715

Underwriting Operations Business Partner to £65,000

This is an excellent opportunity for a candidate with insurance operations experience and familiarity with London Market Insurance processes and systems to develop their career with a highly regarded underwriter. The company offers a full benefits package including a generous on-target bonus of 15%.

The successful candidate will be responsible for managing the risk administration service delivery by an Outsourced Business Partner and Underwriting Operations team.

Main duties include:

1. Oversight of risk administration Standard Operating Procedures, process flow charts, and controls relevant to the Political Risks & Political Violence Underwriting Teams. Amend documentation annually or as needed.
2. Act as the key contact, coordinator, and point of escalation between the Underwriting Team, Underwriting Operations, and the Outsourced Business Partner. Respond to queries to ensure efficient service. Lead meetings with stakeholders as required.
3. Manage and train the Underwriting Operations Team supporting the Underwriting Team.
4. Standardize services with other Underwriting Operations Business Partners to create operational flexibility during peak periods.
5. Identify opportunities to automate or outsource tasks, following governance and testing procedures.
6. Monitor KPIs daily, weekly, and monthly, updating Senior Management. Ensure workflows are maintained and data quality remains high.
7. Coordinate shared email support for the Underwriting Team, triaging correspondence to prevent backlogs.
8. Monitor data entry quality through sample checks and exception reports. Perform root cause analysis for issues.
9. Support the organization’s Board in maintaining a customer-focused culture and adherence to policies and procedures.