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- Tasks: Lead strategy and product development for in-house insurance products across Europe.
- Company: Join Cover Genius, a forward-thinking tech company in the insurance sector.
- Benefits: Enjoy a flexible work environment, employee stock options, and community engagement initiatives.
- Why this job: Make a real impact in the insurance industry while driving innovation and growth.
- Qualifications: 8+ years in underwriting with P&L responsibility; experience in captive insurance is essential.
- Other info: Diversity and inclusivity are at our core; we value every individual.
The predicted salary is between 43200 - 72000 Ā£ per year.
As an Underwriting Director on our Insurance Team, you will own the strategy, underwriting guidelines, pricing and product development for all products created in-house through our own capacity facilities. To drive success in this role, you will have deep experience in underwriting, insurance product development and portfolio management. You will build the strategy for how we underwrite our own insurance products in Europe, own the guidelines and framework for evaluating new products, and serve as the DRI responsible for bringing those products to market on time. Reporting into the Underwriting Director you will collaborate with the insurance, partner services, risk and finance teams to ensure the buildāout of a healthy portfolio of ināhouse products is achieved.
Responsibilities
- Definition and successful execution of KPIs within the product management, actuarial and data teams.
- P&L management of the product portfolio of ināhouse products.
- Develop knowledge and keep up to date with industry and domicile developments, including regulations such as captive regulations, tax, accounting legislation and changes affecting captives and their formation.
- Develop and maintain underwriting guidelines for a suite of products in the portfolio.
- Assist in the development of our reinsurance strategy, focusing on capital efficiency.
- Develop and execute product management, underwriting and actuarial processes to deliver products efficiently.
- Work with senior business development members to define and successfully execute product roadmaps, ensuring partner reviews.
- Provide weekly and monthly general reporting, including presenting commentary at meetings as needed.
- Support Cover Genius MGA and Partnerships teams for product and pricing proposals and financial modeling.
- Manage the strategic product roadmap and execute on the plan by running a solid project plan with internal teams and external reinsurance partners.
Qualifications
- 8+ years of experience as a senior underwriting manager with P&L responsibility over a product line or group of clients.
- 5+ years of experience in the captive insurance space (European, Malta, Cayman, etc).
- Track record of successful reinsurance and retrocession placements.
- Inādepth understanding of the insurance industry, including pricing, analytics and close interactions with actuarial teams.
- Clientāfacing experience negotiating contracts and strategizing growth and profitability.
- Excellent reportāwriting skills, with experience preparing reports and presentations for senior management, committee or board review.
- Proven track record in developing insurance products and ongoing product/portfolio management.
Benefits
- Flexible Work Environment ā hybrid schedule with office days, flexible start/finish times.
- Employee Stock Options ā share in our success and growth.
- CG Gives program ā enable employees to give back through peer recognition and rewards.
- Social Initiatives and community engagement.
- Cover Genius promotes diversity and inclusivity. We donāt tolerate discrimination, demeaning treatment of anyone, or harassment based on race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or any other legally protected status.
By submitting your application, you acknowledge that we may collect, store and process your personal data for recruitment purposes. To ensure a fair evaluation, we may use AI to assist in sorting applications, but all final decisions are made by our hiring team and no candidate dispositions are automated. We will keep your information on file for three years from the date of your application. For detailed information about how we handle your data and our use of AI, please review our full Privacy Policy.
Underwriting Director in London employer: Cover Genius
Contact Detail:
Cover Genius Recruiting Team
StudySmarter Expert Advice š¤«
We think this is how you could land Underwriting Director in London
āØTip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who know about underwriting. A friendly chat can lead to insider info on job openings that aren't even advertised yet.
āØTip Number 2
Prepare for interviews by brushing up on your knowledge of underwriting guidelines and product development. We want you to showcase your expertise and how you can drive success in our team!
āØTip Number 3
Donāt just apply anywhere; apply through our website! Itās the best way to ensure your application gets the attention it deserves. Plus, we love seeing candidates who are genuinely interested in joining us.
āØTip Number 4
Follow up after interviews with a thank-you note. It shows your enthusiasm and keeps you fresh in the interviewer's mind. A little gratitude goes a long way in making a lasting impression!
We think you need these skills to ace Underwriting Director in London
Some tips for your application š«”
Tailor Your CV: Make sure your CV is tailored to the Underwriting Director role. Highlight your experience in underwriting, product development, and P&L management. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Share specific examples of your achievements in the insurance industry that relate to our job description.
Showcase Your Report-Writing Skills: Since excellent report-writing skills are crucial for this position, consider including a brief example of a report or presentation you've prepared in the past. This will demonstrate your ability to communicate effectively with senior management.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you donāt miss any important updates from us!
How to prepare for a job interview at Cover Genius
āØKnow Your Numbers
As an Underwriting Director, you'll need to demonstrate your P&L management skills. Brush up on your financial metrics and be ready to discuss how you've successfully managed portfolios in the past. Bring specific examples of KPIs you've defined and executed.
āØStay Current with Industry Trends
Make sure you're up to date with the latest regulations and developments in the insurance industry, especially in captive insurance. This knowledge will not only impress your interviewers but also show that youāre proactive about staying informed.
āØShowcase Your Leadership Skills
Prepare to discuss your experience in leading teams and collaborating across departments. Highlight instances where you've successfully driven product development or strategy execution, particularly in a cross-functional environment.
āØPrepare for Client-Facing Scenarios
Since client interaction is key, think of examples where you've negotiated contracts or strategised for growth. Be ready to role-play potential scenarios during the interview to showcase your negotiation skills and client management experience.
