Underwriting Performance Manager

HFG; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

A leading Lloyd's Syndicate is seeking an Underwriting Performance Manager in the City of London. The role involves overseeing underwriting activities, managing performance, and ensuring alignment with strategic business objectives. Candidates should possess experience in underwriting or portfolio management to drive profitability and assist with business planning.

Qualifications

• Experienced Underwriter or Portfolio Manager.

Responsibilities

• Oversee and assess underwriting profitability.
• Act as contact for Managing Agents and identify performance issues.
• Monitor execution of Syndicate Business Plans.

Job description

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

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

My client is looking for an experienced Underwriter or someone in a Portfolio Management type role to oversee Underwriting activity/profitability and assist with the Syndicate Business Plans throughout the year. This person will be the lead day to day 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 day-to-day 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 ambition of each syndicate.
• Evaluate SBFs to ensure they are logical, realistic, and achievable; prepare them for Capital and Planning Group (CPG) review.
• Monitor ongoing execution of SBFs, assess material changes, recommend action plans, and escalate to Senior Management or CPG as necessary.
• Review syndicate underwriting performance against approved SBFs (for all open years), considering business priorities and strategy.
• Complete internal Quarterly Business Reviews (QBRs) across assigned syndicates, reporting on financial and non-financial positions.
• Review Performance Management Data Return (PMDr) quarterly to assess written premium, risk-adjusted rate change, and price adequacy; address deviations from the plan.
• Conduct PBO assessments under the Underwriting Profitability Principle; provide guidance to improve syndicate standards.
• Review syndicate Own Risk and Solvency Assessments (ORSAs) and provide feedback to Lloyd's Oversight team.
• Report regularly to senior management on syndicate performance, identifying key issues and suggesting actions to address underperformance.
• Document findings and decisions in Dynamics and QBRs.
• Prepare feedback for the Prudential Regulation Authority (PRA) on syndicate performance and monitoring.
• Collaborate with Account Managers and Market Development to ensure effective engagement with Managing Agents.
• Participate in cross-functional project groups to address evolving market conditions and stakeholder expectations.