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- Tasks: Lead underwriting governance and create frameworks to ensure effective oversight.
- Company: Chaucer, a leading insurance group at Lloyd's with a global presence.
- Benefits: Flexible working arrangements, commitment to diversity, and a supportive culture.
- Why this job: Make a real impact in shaping underwriting strategies and governance.
- Qualifications: Experience in (re)insurance, strong analytical skills, and leadership capabilities.
- Other info: Join a dynamic team dedicated to innovation and excellence in the insurance industry.
The predicted salary is between 43200 - 72000 £ per year.
The Underwriting Strategy and Central Portfolio Management (UWS & CPM) team works at the heart of the business to shape Chaucer's underwriting growth and transformation strategy and actively supports its implementation. The team's overarching objective is to develop and implement an Underwriting Strategy that aligns with the Group Strategy, underpinned by a robust Portfolio Management and Underwriting Oversight Framework. The team currently has three main workstreams: Underwriting (UW) Strategy, UW Portfolio Management and UW Operational Change. A fourth workstream is being created for 1st line of defence Underwriting and Product Governance, pulling together various activities under one umbrella. This role will lead the fourth pillar with the primary responsibility of creating underwriting governance frameworks and processes and therefore providing assurance to the UW leadership team on the effectiveness of the operational, regulatory and governance control framework within UW.
Main duties and responsibilities include:
- Create, maintain and monitor underwriting and product governance frameworks, process & documentation, always reflecting current requirements.
- Manage effectiveness of the frameworks, including underwriting guidelines, controls, processes and best practice.
- Manage approval processes for new products at related governance forums.
- Conduct underwriting file reviews.
- Developing and managing appropriate data and reporting.
- Ensure that all relevant information is being reported with MI evidence to the UW management as part of the governance framework.
- Be the communication conduit between central functions and underwriting community.
- Work with the Legal and Regulatory team in understanding and communicating changes to regulation.
- Work with the Operations team to enhance and automate processes where possible.
Your profile should include:
- Significant experience in the (re)insurance industry, preferably London insurance market regulatory or underwriting experience.
- Experience of UK and European insurance regulatory regime.
- Management / supervisory experience.
- Strong analytical, people management and leadership experience.
- Attention to detail: High level of attention to detail and accuracy in all tasks.
Qualifications:
- Degree qualified, numeric degree desirable.
- ACII qualification or progress towards desirable.
Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation). A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture.
Head of Underwriting Governance in London employer: Chaucer
Contact Detail:
Chaucer Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Underwriting Governance in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those connected to Chaucer. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for the interview by knowing your stuff! Dive deep into Chaucer's underwriting strategies and recent developments. Show us you’re not just another candidate but someone who’s genuinely interested in our mission.
✨Tip Number 3
Practice your communication skills. As a Head of Underwriting Governance, you'll need to influence and collaborate with various teams. Role-play potential scenarios with a friend to boost your confidence.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, it shows you’re serious about joining the Chaucer team.
We think you need these skills to ace Head of Underwriting Governance in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in underwriting governance and regulatory frameworks. We want to see how your skills align with the role, so don’t hold back on showcasing your relevant achievements!
Show Off Your Analytical Skills: Since this role requires strong analytical abilities, include examples of how you've used data to drive decisions or improve processes in your previous roles. We love candidates who can think critically and provide insights!
Be Clear and Concise: When writing your application, keep it straightforward and to the point. Use clear language to express your thoughts and ensure that your key takeaways are easy to understand. We appreciate clarity as much as you do!
Apply Through Our Website: We encourage you to submit your application through our website for a smoother process. It helps us keep track of your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Chaucer
✨Know Your Underwriting Governance
Make sure you understand the key components of underwriting governance frameworks and processes. Familiarise yourself with Chaucer's specific requirements and how they align with regulatory standards. This will show your commitment and readiness to take on the role.
✨Demonstrate Analytical Skills
Prepare to discuss your experience with data analysis and reporting. Be ready to provide examples of how you've used MI to influence decision-making in previous roles. Highlight your ability to summarise complex information clearly for stakeholders.
✨Show Leadership and Collaboration
This role requires strong leadership and collaboration skills. Think of examples where you've successfully led a team or collaborated across departments. Be prepared to discuss how you can foster a culture of transparency and effective communication within the underwriting community.
✨Ask Insightful Questions
Prepare thoughtful questions that demonstrate your understanding of the role and the company. Inquire about the current challenges in underwriting governance or how Chaucer measures the effectiveness of its frameworks. This shows your genuine interest and strategic thinking.