At a Glance
- Tasks: Lead the development of risk management frameworks and ensure effective controls in underwriting.
- Company: Dynamic insurance company focused on innovation and collaboration.
- Benefits: Competitive pay, flexible working options, and a fun work culture.
- Other info: Join a passionate team that values creativity and challenges the status quo.
- Why this job: Make a real impact by shaping risk governance in a fast-paced environment.
- Qualifications: Strong communication skills and ability to influence stakeholders at all levels.
The predicted salary is between 40500 - 49500 £ per year.
You will establish a lean but effective First Line of Defence (FLOD) capability that will give Underwriting Leadership the oversight and assurance they need to effectively and efficiently manage risk across the taxonomy.
About the role
- Embed and own the Risk and Control Matrix for Underwriting; ensure risks are well understood and ownership is clear, ensure inherent risk is quantified, risk appetite is defined and ensure adequate controls are operating effectively to bring residual risk into appetite.
- Establish efficient governance that allows the Underwriting leadership team to see an aggregated view of the risks they are accountable for and how effectively controls are mitigating those risks, supplemented by other Key Risk Indicators (e.g. audit points) that facilitates timely and effective management interventions.
- Build an assurance framework that ensures the ongoing effectiveness of the Risk and Control matrix and highlights any corrective actions needed.
- Establish an effective FLOD operating model; centralising control operation where it is beneficial to do so and ensuring oversight and assurance where it makes more sense for controls to be operated by specialist functions.
- Ensure we can evidence an effective UW FLOD.
About you
- Must be able to engage with multiple levels of management and stakeholders – both internal and external, and influence them to drive change.
- Highly organised with the ability to balance competing priorities and work to meet tight deadlines.
- Able to work with a level of autonomy and pro-activity.
- Resilient and able to operate effectively and accurately under pressure.
- Good communication skills, courtesy and patience.
- Confident, energetic and assertive.
- Ability to understand their work in the broader context of CFC’s strategy.
Core Values
- Love what you do: We show up each day ready to take on the world. Our passion and intensity set us apart and makes the difference to our colleagues, customers, brokers and carriers.
- Challenge everything: We’re never afraid to question the way that things are done and we constantly challenge ourselves and others to make things better.
- Have fun, be good: Insurance is a serious business, but we don’t take ourselves too seriously. We make it fun to work at CFC, we welcome all viewpoints, and we treat everyone how we would expect to be treated.
Head of Underwriting Governance and Controls - Contract in London employer: CFC
CFC is an exceptional employer that prioritises the employee experience, offering a dynamic work culture in the heart of London. With a strong focus on professional development and continuous improvement, employees are encouraged to grow their skills and advance their careers while enjoying a supportive environment that values communication and collaboration. The unique advantages of working in London include access to a vibrant city life and networking opportunities that enhance both personal and professional growth.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Underwriting Governance and Controls - Contract in London
✨Tap into Local Agencies
For temporary roles like the one at CFC, don't overlook local recruitment agencies that specialise in the insurance sector. They often have inside info on your local market and can help you get your foot in the door quicker!
✨Seasonal Opportunities Are Gold
Insurance companies often ramp up staffing for specific seasons, especially during peak times like annual policy renewals. Keep an eye out for those temporary gigs and be ready to jump in. Make sure you’re on our website regularly to catch those listings!
✨Network with Industry Pros
Join insurance-focused online platforms and forums to connect with professionals who can share insider tips about temporary roles. Attend local industry meetups or workshops to widen your network; sometimes it’s all about who you know!
✨Showcase Your Flexibility
For temp roles, employers are often looking for candidates who can hit the ground running. Highlight any previous experience you have in fast-paced environments on your profile or during interviews, so CFC knows you can adapt quickly to their needs!
We think you need these skills to ace Head of Underwriting Governance and Controls - Contract in London
Some tips for your application 🫡
Highlight Relevant Certifications:In the insurance world, having the right qualifications can set you apart. If you've got any certifications like Cert CII or other relevant credentials, make sure they're front and centre on your CV. It shows you're committed to the industry and ready to hit the ground running!
Showcase Your Customer Service Skills:Insurance is all about helping clients through tricky times. Use your application to mention your previous customer service experience or soft skills like problem-solving and empathy. These are crucial for any temporary role in the insurance sector, so don’t shy away from flexing these muscles!
Tailor Your CV for the Temp Role:For a temporary position, it's all about demonstrating your ability to adapt quickly. Tailor your CV to highlight experiences that show you can jump in and make an impact immediately. Mention short projects, freelance gigs, or any fast-paced roles that show you thrive in dynamic environments.
Be Clear About Availability:In your cover letter, clearly state your availability for the temporary role. Since this is a short-term gig, emphasising your flexibility and readiness to start immediately can really catch CFC's eye. Remember, they need someone who can fit right in, so make it easy for them to see you as that person!
How to prepare for a job interview at CFC
✨Master the Basics of Underwriting
Since you're aiming for a temporary role in insurance, brush up on the basic principles of underwriting. Be ready to discuss how you would assess risks and make simple decisions on policy issuance, as these are likely to come up in technical questions.
✨Familiarise Yourself with Relevant Regulations
Insurance is heavily regulated, so it helps to be familiar with key regulations that affect the industry. Bring up any specific legislation you're aware of and how it could impact your work at CFC. This shows you're engaged and knowledgeable.
✨Highlight Your Flexibility
As it's a temporary position, it's crucial to stress your adaptability. Talk about previous experiences where you had to pick up new tasks quickly or adjust to changing needs. Employers will appreciate your willingness to jump in and get the job done without a long onboarding process.
✨Prepare to Discuss Claims Processing
Be ready to dive into discussions around claims processing, as this might be a big part of your role. Bring along examples of how you've approached problem-solving in past roles, especially if you've dealt with customer claims or insurance queries before. It's a great way to show your relevant experience.
