At a Glance
- Tasks: Lead technical underwriting framework and oversee compliance across MGA partners.
- Company: Join a leading firm in the London Market with a focus on innovation.
- Benefits: Competitive salary, leadership role, and opportunities for professional growth.
- Other info: Dynamic leadership role with potential to influence company direction.
- Why this job: Make a significant impact in strategic underwriting and governance.
- Qualifications: Extensive experience in underwriting, reinsurance, and delegated authorities.
The predicted salary is between 60750 - 74250 £ per year.
This is a senior leadership opportunity for an experienced underwriting professional to take ownership of the business's technical underwriting framework and oversight. Reporting directly to the Chief Underwriting Officer, the successful candidate will play a key role in ensuring underwriting arrangements, delegated authorities and reinsurance structures operate effectively, compliantly and in line with the business plan.
Core responsibilities:
- Lead the development, ownership and adherence of the underwriting guidelines framework.
- Take responsibility for technical underwriting oversight across MGA partners and delegated underwriting arrangements.
- Lead MGA underwriting audits and expert review processes, ensuring activities remain within agreed binding authority parameters.
- Oversee bordereaux exception reporting and identify risks bound outside the scope of agreed authorities.
- Develop and maintain a repository of approved policy wordings and oversee wording governance.
- Work closely with Portfolio Underwriters, the CUO and reinsurers to manage referrals and ensure appropriate back-to-back coverage.
- Lead exposure and clash management, ensuring risks remain within appetite and supporting regulatory and reinsurance reporting requirements.
- Support due diligence activities for new MGA appointments and existing partner renewals.
- Work with the CUO to assess underwriting performance across individual MGAs and the wider portfolio, implementing changes where required.
- Support the assessment and ongoing adequacy of loss caps.
- Partner with the Head of Reinsurance Placement and legal counsel to design and maintain effective reinsurance arrangements.
- Ensure MGA and product-level arrangements are appropriately aligned with underlying reinsurance protections.
- Take ownership of relevant underwriting governance, audit and action tracking, ensuring timely completion.
- Deputise for the Chief Underwriting Officer where required, including attendance at Board and underwriting governance meetings.
What they're looking for:
- Significant strategic underwriting and reinsurance management experience within the London Market.
- Strong experience working with delegated authorities, MGAs and binding authority arrangements.
- A deep understanding of technical underwriting governance, underwriting controls and policy wordings.
- Experience of exposure management, portfolio oversight and reinsurance structures.
Discipline(s): Underwriting
Job type: Permanent
Head of Technical Underwriting in London employer: Edenbrook
Edenbrook is an exceptional employer that fosters a collaborative and innovative work culture, making it an ideal place for professionals in the financial reporting sector. With a strong commitment to employee development, we offer numerous growth opportunities and support for continuous learning, all while working in a dynamic environment that values integrity and excellence. Located in a vibrant area, our team enjoys a balanced work-life experience alongside competitive benefits tailored to enhance both personal and professional well-being.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Technical Underwriting in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Edenbrook). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Edenbrook. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Head of Technical Underwriting in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Edenbrook.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Edenbrook. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Edenbrook
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Edenbrook to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Edenbrook, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Edenbrook's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
