P&C Portfolio Underwriting Manager
Posted: 05 September 2024
Job description
We are currently working with our client who is seeking a P&C Underwriting Portfolio Manager. They are a one of the most forward-thinking MGA’s operating within the UK today, where the company is really growing in a forward direction.
They are flexible in terms of where candidates may reside within the UK, and therefore home-based working would be supported, or if there is a local office nearby then this could mean a mixture of both. You will be given as standard, empowerment and autonomy with this role, and the tools to develop your career within.
This is a great company to work for where they really look after the wellbeing of all employees.
It would be advantageous if you have previous portfolio and binder experience, however they may also consider individuals who are a Senior P&C Underwriter wishing to take the next step up.
This role would be to work closely with the CUO and Portfolio Director, using your underwriting expertise to help build, analyse and review underwriting plans- liaising regularly between insurers and the MGA in the development of underwriting strategy specific to binders/insurer and in developing and monitoring best practice underwriting standards across the business.
Responsibilities:
- Attend insurer meetings -both formal and ad hoc -and produce or provide inputs to those meetings implement agreed underwriting and pricing strategy
- Analyse data and provide key findings and recommendations
- Monitor loss ratio targets by binder and recommend corrective action
- Build underwriting plans for finalising and approval within the MGU and with insurers
- Work closely with the business teams and technical managers to understand performance issues
- Provide impact analysis of proposed portfolio changes
- Model and present adhoc data for capacity partners and support the selection and securing of new capacity partners
- Support the MGU in areas where a consistent approach to underwriting best practice needs designing and implementing
- Liaise with technical managers within the company to develop best practice and a systematic approach to technical underwriting e.g. technical peer review, licence frameworks, training and development frameworks.
- Support proposition development and implementation for both new and existing binders
Key Skills/Experience:
- ACII or progress towards preferred
- Technical underwriting experience in either Property or casualty insurance
- Experience gained form an insurance company background in an underwriting role
- Some experience of working within a portfolio team would be of benefit
- Some knowledge of delegating underwriting would be of benefit.
- Understanding of underwriting calculations – loss ratio, ultimate loss ratios, combined ratios, accident year and underwriting year basis of calculation.
- Solutions focused underwriter
- Profit and growth approach
Salary dependant on experience between £70K to £85K, plus some excellent benefits in addition.
For further information please contact Andy Baker on 07834 596414/0113 4931720 or email andy@cryerbaker.co.uk
