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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 more perks.
- Why this job: Be part of a dynamic team that values innovation, collaboration, 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 professional growth.
The predicted salary is between 43200 - 72000 £ per year.
The Underwriting Operations function sits within the Convex COO function. The team 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 a proactive approach to enhancing our delegated underwriting governance framework. The role ensures that delegated underwriting agreements are effectively managed, compliant with regulatory requirements, and aligned with the company's strategic objectives. The Head will collaborate with internal stakeholders and external partners to optimize processes, mitigate risks, and stay ahead of industry trends to deliver 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 up-to-date policies and procedures for delegated underwriting, reflecting industry best practices and regulatory changes.
- Lead, mentor, and develop the delegated underwriting governance team, fostering a culture of excellence and continuous improvement.
- Identify training needs and support team members' skills development and career growth.
- Optimize operational models, governance, technology, and outsourcing to ensure 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 business processes.
- Coordinate with the Outsourcing Delivery team to manage outsource partners within the governance framework.
- Minimum of 10 years in the (re)insurance industry.
- 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.
- Proven people management capabilities.
- Discretion in resolving process issues within global outsourcing models.
- Continuous improvement mindset.
- Problem-solving skills with practical solutions.
- Flexibility to work during peak underwriting periods.
- 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
- Volunteer Leave (3 days/year)
- Care support (£1,300 annually)
- Learning & Wellbeing Allowance (£1,300)
- Give as You Earn
- Cycle to Work
- Season Ticket Loan
Head of Delegated Authority employer: Convex Insurance Ltd.
Contact Detail:
Convex Insurance Ltd. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Delegated Authority
✨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 interviews and discussions.
✨Tip Number 2
Network with professionals in the (re)insurance industry, especially those involved in underwriting and governance. Building relationships can provide valuable insights and potentially lead to referrals for the Head of Delegated Authority position.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed risks and implemented controls in previous roles. Highlighting your problem-solving skills and strategic thinking will set you apart from other candidates.
✨Tip Number 4
Showcase your leadership experience by discussing how you've mentored teams and fostered a culture of continuous improvement. This is crucial for the Head of Delegated Authority role, as you'll be expected to develop and lead a governance team.
We think you need these skills to ace Head of Delegated Authority
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. Use specific examples that demonstrate your leadership skills and ability to manage risks.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and the company. Discuss how your strategic thinking and collaborative approach can contribute to enhancing their delegated underwriting governance framework.
Showcase Your Skills: Emphasise your exceptional analysis skills and problem-solving abilities in both your CV and cover letter. Provide concrete examples of how you've successfully implemented operational improvements in previous roles.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no grammatical errors or typos, as clear communication is crucial for this role. A polished application reflects your attention to detail.
How to prepare for a job interview at Convex Insurance Ltd.
✨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 objectives. This will help you articulate your vision for the position.
✨Showcase Your Leadership Skills
As this role involves leading a team, be prepared to discuss your leadership style and experiences. Share specific examples of how you've mentored team members and fostered a culture of excellence in previous roles.
✨Demonstrate Risk Management Expertise
Given the focus on managing risks related to delegated underwriting, be ready to discuss your experience in risk assessment and mitigation. Highlight any successful strategies you've implemented in past positions that align with the company's needs.
✨Prepare Questions for the Interviewers
Engage your interviewers by preparing insightful questions about the company's current challenges and future goals. This shows your genuine interest in the role and helps you assess if the company is the right fit for you.
