Provide leadership, oversight and responsibility for the broad range of underwriting processes and procedures to ensure they are working within the appropriate governance and regulatory frameworks.
The Divisional Managing Directors are accountable for governance and oversight within their teams. The Governance & Oversight Lead will be responsible for making appropriate recommendations and improvements to ensure the DMDs are equipped to carry out their duties.
To have a detailed knowledge of the Lloyd's Minimum Standards and to work with the Support Units to ensure these are met across all Wholesale underwriting teams. With a specific focus on, but not limited to, MS4, MS2, MS9 and MS10.
Oversight: react to reported breaches, review/respond to Independent Underwriting Reviews, supervise peer review process; maintain underwriting authorities, breach checks and work with the PDS to review any process improvements.
Keep abreast of general legislative and regulatory changes and communicate and coordinate findings with Underwriting Operations and the Underwriting teams.
Ensure Technical Underwriting Guides (TUGs) are kept up to date, are relevant and are being followed accurately and consistently across the various wholesale classes.
Support external liaison with regulators, where required, including Lloyd's, PRA, FCA and BaFin.
Participate in the due diligence and assessment of sources of underwriting aggregations and identifying new areas for collection.
Work with other Support Units to include but not limited to: finance, actuarial, underwriting operations, legal and regulatory, compliance, credit control, reinsurance, delegated and underwriting support services to resolve issues and support the achievement of PDS and wholesale business priorities.
Represent the PDS team, as appropriate, providing accurate and timely management information to leadership, wholesale leadership and meetings as the need arises.
Skills and Experience
Have a thorough knowledge and understanding of insurance regulations and frameworks associated with a (re)insurance company. Lloyd's of London experience desirable but not essential.
Have experience of overseeing technical underwriting within an underwriting division
Have demonstrable experience in influencing and engaging with stakeholders using effective communication and ensuring buy-in
Be able to clearly articulate complex strategies, techniques and ideas to senior leadership and underwriters across multiple product lines
Have a proven ability to successfully manage and deliver to agreed timelines projects and initiatives that require involvement from business leaders across the company
Possess both strong analytical depth and the ability to independently problem solve and then put forward recommendations
Possess a thorough working knowledge of the Microsoft office suite, with a focus on Excel and be comfortable with manipulating and analysing data