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- Tasks: Lead and enhance delegated underwriting governance while managing risks and optimising processes.
- Company: Join Convex, a forward-thinking company focused on innovative underwriting solutions.
- Benefits: Enjoy competitive salary, 30 days leave, private health insurance, and a £1,300 learning allowance.
- Why this job: Be part of a dynamic team that values collaboration, innovation, and continuous improvement.
- Qualifications: 10+ years in (re)insurance with strong analytical and people management skills required.
- Other info: Flexible working during peak periods and opportunities for career growth.
The predicted salary is between 72000 - 100000 £ per year.
Head of Delegated Authority
Department: Operations
Employment Type: Permanent
Location: London, UK
Description
The Underwriting Operations function sits within the Convex COO function. The function is responsible for delivering support services to all underwriting teams outside the United States. It comprises Convex employees and strategic outsourcing partners.
We are seeking a dedicated and forward-thinking leader to serve as the Head of Delegated Underwriting Governance . This role requires a strong client service focus, innovation, and continuous enhancement of our delegated underwriting governance framework. The role ensures delegated underwriting agreements are effectively managed, compliant with regulations, and aligned with the company's strategic goals. Collaboration with internal stakeholders and external partners is essential to optimize processes, mitigate risks, and stay ahead of industry trends, delivering exceptional service and market differentiation.
Key Responsibilities
- Identify, assess, and manage risks related to delegated underwriting, implementing controls to mitigate issues.
- Collaborate with underwriting, compliance, legal, and other departments to ensure cohesive governance and effective communication.
- Maintain policies and procedures for delegated underwriting, reflecting industry best practices and regulatory updates.
- Lead, mentor, and develop the delegated underwriting governance team, fostering excellence, accountability, and continuous improvement.
- Identify training needs, providing guidance to enhance team skills and career growth.
- Optimize operational models, governance, technology, and outsourcing for efficient department functioning.
- Set objectives and performance standards, conduct reviews, and provide feedback.
- Ensure adequate resourcing and workload management for the team.
- Develop and implement operational improvements and efficient processes.
- Coordinate with the Outsourcing Delivery team to ensure effective management of outsourced partners within the governance framework.
Skills, Knowledge, and Expertise
- Minimum of 10 years in (re)insurance industry experience.
- Strategic, collaborative thinking with the ability to identify gaps and deliver results through teamwork.
- Exceptional analysis skills, both quantitative and qualitative.
- Strong knowledge of financial and risk analysis.
- Excellent verbal and written communication skills.
- Superior people management abilities.
- Discretion in resolving process issues within global outsourcing models.
- Continuous improvement mindset.
- Proven problem-solving skills with practical solutions.
- Flexibility to work during peak underwriting periods.
Benefits
- Competitive Salary
- 30 days Annual Leave
- Birthday Leave
- 10% Employer Pension Contribution
- Private Health Insurance
- Group Income Protection
- Life Assurance
- Enhanced Parental Leave
- Annual Health Check
- 3 days Volunteer Leave annually
- £1,300 learning & wellbeing allowance
- Give as You Earn
- Cycle to Work
- Season Ticket Loan
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Head of Delegated Authority (London) employer: Starr Underwriting
Contact Detail:
Starr Underwriting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Delegated Authority (London)
✨Tip Number 1
Familiarise yourself with the latest trends in delegated underwriting governance. Understanding current industry practices and regulatory changes will help you demonstrate your expertise during discussions with potential employers.
✨Tip Number 2
Network with professionals in the (re)insurance industry, especially those involved in underwriting and governance. Attend relevant conferences or webinars to build connections that could lead to job opportunities at StudySmarter.
✨Tip Number 3
Showcase your leadership skills by discussing past experiences where you've successfully led teams or projects. Be prepared to share specific examples of how you've fostered a culture of continuous improvement and accountability.
✨Tip Number 4
Prepare to discuss your approach to risk management in delegated underwriting. Highlight any innovative strategies you've implemented in previous roles that align with the responsibilities outlined in the job description.
We think you need these skills to ace Head of Delegated Authority (London)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in the (re)insurance industry, particularly in delegated underwriting governance. Emphasise your leadership roles and any specific achievements that align with the responsibilities outlined in the job description.
Craft a Compelling Cover Letter: Write a cover letter that showcases your strategic thinking and collaborative skills. Mention specific examples of how you've managed risks and improved processes in previous roles, demonstrating your fit for the Head of Delegated Authority position.
Highlight Key Skills: In your application, clearly outline your exceptional analysis skills, people management abilities, and experience with compliance and regulatory frameworks. Use bullet points to make these stand out and ensure they match the requirements listed in the job description.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial for this leadership role.
How to prepare for a job interview at Starr Underwriting
✨Understand the Role Thoroughly
Before the interview, make sure you have a deep understanding of the Head of Delegated Authority role. Familiarise yourself with the key responsibilities and how they align with the company's strategic goals. This will help you articulate your vision and demonstrate your fit for the position.
✨Showcase Your Leadership Skills
As this role involves leading and mentoring a team, be prepared to discuss your leadership style and past experiences. Share specific examples of how you've developed teams, fostered accountability, and driven continuous improvement in previous roles.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities and risk management skills. Prepare scenarios where you've successfully identified and mitigated risks in delegated underwriting or similar environments, highlighting your analytical and strategic thinking.
✨Demonstrate Collaboration and Communication Skills
Given the collaborative nature of the role, be ready to discuss how you've worked with various departments, such as compliance and legal, to ensure cohesive governance. Highlight your communication skills by providing examples of how you've effectively conveyed complex information to different stakeholders.
