- Professional
- Office in London
We are seeking a motivated professional to play a key role in supporting the Deputy Director of Underwriting. This role will focus on delivering and overseeing the underwriting controls framework, while also contributing to the successful delivery of business planning activities across a diverse portfolio of syndicates.
Key Responsibilities
To report to the Deputy Director of Underwriting in all matters relating to the delivery of the managing agency underwriting controls and oversight framework and the onboarding of new syndicates into the framework.
Work alongside the Head of Underwriting Operations to agree the Underwriting Controls Framework and its implementation at new syndicates.
To monitor managed syndicates against the agreed syndicate business plans including the review of monthly and quarterly underwriting performance reports. Working closely with the Underwriting Management Team plus the Active Underwriters and their teams as appropriate to understand any deviations from plan.
To consider performance strategies and work with the Deputy DoU in the implementation of corrective action if required.
To work alongside the Underwriting Governance function of the Underwriting Management Team to investigate deviations from agreed plan and agree strategies for corrective actions.
To review syndicate business plans for the prospective year of account, leading on the SBF process internally and externally with a portfolio of syndicates, to ensure timely submission to Lloyd’s.
To lead on any Mid-Year Changes requested by syndicates, ensuring the necessary co-ordination across functions and making recommendations to the PMA Deputy DoU.
May be requested to work with the Director of Underwriting and the New Business Director, depending on the portfolio of the new business opportunity.
To work alongside the Underwriting Governance Function on syndicate BAU activities.
To maintain record keeping and action logs of syndicate related activities to support and evidence oversight.
To maintain compliance with Lloyd’s Principle for Doing Business and any applicable UK or International statutory regulatory obligations as required by the role.
To conduct ad hoc reviews and projects as required.
Skills, Knowledge and Expertise
Experienced in the Lloyd’s market, preferably with an underwriting background and may be working or have worked in an underwriting oversight role.
Preferably graduate and ACII qualified or progress towards qualification.
Preferably graduate and ACII qualified or progress towards qualification.
Sound understanding of underwriting and Lloyd’s operations.
May have previous experience of working in a Managing Agent.
Understanding of Lloyd’s Principles for Doing Business
Sound knowledge of Underwriting Governance and Controls Frameworks.
Sound knowledge of underwriting management information.
Self-motivated and proactive.
Strong organizational and planning skills, with the ability to prioritise and deliver results under pressure.
Ability to adapt to changing priorities and manage multiple deadlines.
Good level of IT skills including Excel.
Highly numerate with strong analytical and problem-solving skills.
Excellent written and verbal communication skills and strong interpersonal skills.
Ability to work collaboratively and establish strong relationships.
Demonstrates behaviors aligned to the Polo Works PRIDE values
- Pioneering – we don’t stand still
- Responsible – We do the right thing
- Inclusive – we all play a role
- Delivery Focused- we provide services we are proud of
- Empowering – we equip people to be their best
