PoloWorks
Underwriting Oversight Manager
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Underwriting Oversight Manager
Department: Managing Agency Employment Type: Permanent Location: London
Description
To support the Deputy Director of Underwriting with the delivery and oversight of the underwriting oversight framework and in the delivery of business planning activities across a portfolio of syndicates.
Key Responsibilities
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Report to the Deputy Director of Underwriting for all matters related to the delivery of managing agency underwriting controls and oversight framework, as well as the onboarding of new syndicates.
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Collaborate with the Head of Underwriting Management & Onboarding and the Head of Underwriting Operations to agree on and implement the Underwriting Oversight Framework at new syndicates.
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Monitor managed syndicates against syndicate business plans by reviewing monthly and quarterly underwriting performance reports.
- Work closely with the Underwriting Management Team, Active Underwriters, and their teams to identify any deviations from the plan and assess the reasons.
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Develop performance strategies and implement corrective actions in conjunction with the Deputy DoU as required.
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Work with the Underwriting Controls function to investigate deviations from agreed plans and formulate strategies for corrective actions.
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Lead the review of syndicate business plans for the upcoming accounting year, coordinating the SBF process internally and externally across a portfolio of syndicates to ensure timely approval, challenge, and submission to Lloyd’s.
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Chair Underwriting matters at monthly Underwriting Committees for specific syndicates.
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Lead any Mid-Year Changes requested by syndicates, ensuring cross-functional coordination as well as recommendations to the PMA Deputy DoU.
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Work with the Director of Underwriting and the New Business Director as necessary, depending on the new business opportunity portfolio.
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Support the Underwriting Controls function in Business as Usual (BAU) activities for syndicates.
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Maintain records and action logs of syndicated activities to support and evidence oversight, which may include reviewing documentation such as Underwriting Guidelines.
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Ensure compliance with Lloyd’s Principles for Doing Business and applicable UK or international statutory regulatory obligations.
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Conduct any ad hoc reviews or projects as required.
Skills, Knowledge and Expertise
- Experience in the Lloyd’s market, preferably with an underwriting background, including or having worked in an underwriting oversight role.
- Sound knowledge of Underwriting Governance and Controls Framework.
- Sound understanding of underwriting management information.
- Highly self-motivated and proactive.
- Strong organisational and planning skills with ability to prioritise and meet deadlines under pressure.
- Adaptability to changing priorities and management of multiple deadlines.
- Ability to interrogate large datasets and produce committee packs for regular meetings.
- Competent level of IT skills, particularly advanced Excel proficiency.
- Strongly highly numerate, with analytical and problem-solving skills.
- Excellent written and verbal communication and interpersonal skills.
- Capacity to collaborate effectively and build strong relationships.
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Benefits
- Competitive salary, discretionary annual bonus, and a minimum of 26 days annual leave (with the option to buy more).
- Excellent benefits package, including:
- Flexible, hybrid working
- Private health insurance
- Life assurance
- Income protection
- Enhanced pension contributions
- Occupational maternity and paternity pay
- Company volunteering days
- Electric Vehicle (EV) leasing scheme
- Employee assistance programme with retail discounts and savings
- Generous employee referral scheme
- Regular sports and social events
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