Underwriting Controls Manager

Department: Managing Agency

Employment Type: Permanent

Location: London

Description

Key Responsibilities

• To report to the Head of Underwriting Oversight & Onboarding and assist in all matters relating to the delivery of the managing agency underwriting framework and onboarding of new syndicates into the framework. 
• To work with new entrant Syndicates, New business Director and Client Managers to agree and implement an underwriting governance framework, ensure Principle 1 Making it Happen actions completed, and manage and update the Underwriting onboarding Playbook.
• To assist in the maintenance of the policies and procedures which make up the Underwriting Framework. 
• To maintain syndicate Letters of Authority on at least an annual basis and throughout the year as required.
• Working closely with the Syndicate Underwriting Manager and the Head of Underwriting Operations to manage exception reporting and corrective actions, as well as Sanctions checks and PBQA outputs.
• To conduct underwriting file reviews and manage the outputs working with syndicate teams as appropriate.
• To contribute to the implementation, follow up and completion of the outcomes of Peer Review and Independent Expert Review of managed syndicates, working with syndicate teams as appropriate.
• To update Underwriting Committee and Syndicate Management Committee reports with Underwriting Controls specific. 
• To lead on the completion of regulatory returns to Lloyd's where input is required from the Underwriting team..
• To ensure syndicates are Meeting Expectations for Principle 1 and co-ordinate completion of the annual self-attestation.  Where syndicates are not Meeting Expectations, to provide ongoing guidance to syndicates to reach expected levels.
• To assist the Syndicate Underwriting Manager in the review of the managed syndicate business plans for the prospective year of account.
• To assist the Head of Underwriting Management and Onboarding to ensure the timely completion of actions arising from internal and external audits of the Underwriting function.
• 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.  

Skills, Knowledge and Expertise

• Experience in the Lloyd’s market, preferably in an Underwriting function role.
• Sound knowledge of Underwriting Frameworks and associated policy documentation.
• Sound knowledge of Underwriting systems and underwriting management information.
• Understanding of Lloyd’s Principles for Doing Business. 
• Sound understanding of underwriting, delegated underwriting and Lloyd’s operations.
• Ability to adapt to changing priorities and manage multiple deadlines.
• Good level of IT skills including Excel and Powerpoint.
• 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. 

Benefits