Underwriting Risk Analyst

Harrison Holgate
City of London, London
08 Jul 2017
07 Aug 2017
Contract Type
Full Time
An Underwriting Risk Analyst opportunity is currently available with a highly reputable and market leading Lloyd's Insurance company based in London. This is a broad and varied role that supports the Head of Underwriting Risk Management

The Underwriting Risk Management Team plays a key role in ultimately improving the underwriting result and controls environment whilst providing the Board and Senior Executives with reassurance that the business is adhering to the strategy, business plan and underwriting processes and procedures.

Main Responsibilities
Help build and implement a robust Underwriting Controls Framework including the identification of areas where underwriting controls need to be
improved, and then work to support implementation of improvements.
Operate Independent reviews
Provide oversight into the Independent Underwriting Review Process as the Underwriting Risk Management Team continues to evolve and improve this
Imbed underwriting minimum standards into the underwriting processes and procedures
Plan and manage reviews and risk assessments of areas highlighted on the Risk Dashboard, by Lloyd's, the PRA or Internal Audit
Instigate detailed class reviews, working with Exposure Management, Reinsurance,
Pricing and Reserving to provide the recommendations needed to address underwriting performance or underwriting controls
Oversee the effective identification of underwriting issues and concerns and instigate appropriate challenge of underwriting
Provide input into the teams Quarterly Underwriting Meetings and support reunderwriting of areas of the underwriting portfolio
Input into syndicate business plan and long term strategy, including underwriting stress/scenario testing
Consider, analyse and provide oversight on new underwriting proposals, while tracking and monitoring new initiatives and strategies

Experience Required
Underwriting Risk/Review/Controls & performance management experience
Lloyd's managing agency experience
Underwriting performance experience as well as in-depth knowledge of underwriting metrics
Experience of underwriting processes and practices and underwriting risk management
Broader risk awareness