Underwriting Performance Manager

HFG; City Of London; On-site; GBP 70,000 - 100,000; Full time

Job summary

Une entreprise de premier plan du marché de l'assurance Lloyd's recherche un 'Underwriting Performance Manager' pour superviser les activités de souscription et assurer la rentabilité. Ce rôle implique une coordination étroite avec plusieurs agents de gestion afin de garantir que les plans d'affaires sont logiques et réalisables, tout en faisant face aux défis de performance souscription.

Qualifications

• Expérience en tant qu'Underwriter ou gestion de portefeuille.
• Compétences analytiques solides pour évaluer la performance souscription.
• Capacité à collaborer avec divers intervenants.

Responsibilities

• Servir de contact principal pour la performance souscription des Agents de Gestion.
• Surveiller et évaluer la rentabilité souscription via PBO.
• Préparer des rapports sur la performance syndicale pour la direction.

Job description

New Vacancy - Underwriting Performance Manager
City of London
Lloyd's Syndicate

I am currently recruiting for a leading Lloyd's Syndicate seeking an Underwriting Performance Lead to join their growing team.

My client is looking for an experienced Underwriter or someone in a Portfolio Management role to oversee underwriting activity and profitability, and assist with the Syndicate Business Plans throughout the year. This person will be the lead contact for allocated Underwriters across multiple lines of business.

Key Responsibilities

• Act as the primary underwriting performance contact for Managing Agents.
• Oversee and assess underwriting profitability through PBO.
• Identify and mitigate underwriting performance issues.
• Support the approval and monitoring of Syndicate Business Plans (SBFs) throughout the planning cycle and mid-year updates.
• Align activities with the Corporation's strategic objectives to:
• Ensure sustainable syndicate underwriting performance and profitability.
• Confirm underwriting plans are logical, realistic, and achievable.
• Ensure appropriate portfolio oversight and management by syndicates.
• Serve as the lead contact for underwriting matters with assigned Managing Agents.
• Provide independent challenge and regulatory oversight on underwriting issues at the syndicate level.
• Understand and assess the broader strategic ambitions of each syndicate.
• Evaluate SBFs for logic, realism, and achievability; prepare them for Capital and Planning Group (CPG) review.
• Monitor execution of SBFs, assess changes, recommend actions, and escalate as needed.
• Review syndicate underwriting performance against approved SBFs, considering business priorities and strategy.
• Complete quarterly reviews, reporting on financial and non-financial positions.
• Review Performance Management Data Return (PMDr) quarterly to assess premiums, rate changes, and price adequacy; address deviations.
• Conduct PBO assessments under the Underwriting Profitability Principle and provide guidance for standards improvement.
• Review syndicate Own Risk and Solvency Assessments (ORSAs) and provide feedback.
• Report on syndicate performance to senior management, highlighting issues and actions.
• Document findings and decisions in Dynamics and QBRs.
• Prepare feedback for the Prudential Regulation Authority (PRA) on syndicate performance.
• Collaborate with Account Managers and Market Development to engage effectively with Managing Agents.
• Participate in cross-functional projects to address market conditions and stakeholder expectations.