At a Glance
- Tasks: Lead and optimise underwriting operations, ensuring smooth workflows and high-quality risk setups.
- Company: Join a dynamic team in the London Insurance Market with a focus on innovation.
- Benefits: Enjoy remote/hybrid work, competitive pay, and opportunities for professional growth.
- Other info: Be part of a culture that values accountability, continuous learning, and collaboration.
- Why this job: Make a real impact by improving processes and supporting underwriters in a fast-paced environment.
- Qualifications: Experience in underwriting operations and strong analytical skills are essential.
The predicted salary is between 50000 - 65000 £ per year.
The Underwriting Operations Lead will be responsible for guiding and optimising underwriting support teams across both Company Market and Lloyd’s Syndicate platforms. This role ensures smooth operational delivery for client’s underwriting teams, enables high-quality risk setup workflows, and drives operational excellence across the business. The ideal candidate will combine strong knowledge of the London Market with hands-on experience partnering closely with underwriters, improving processes, and supporting the execution of operations strategies.
Key Responsibilities
- Oversee day-to-day underwriting operations across multiple business lines and clients, ensuring efficient processing, data quality, and compliance.
- Act as the primary operational contact for underwriters, helping remove friction from their workflows and ensuring they receive timely, accurate support.
- Champion consistent operating standards across Company Market and Lloyd’s Syndicate environments.
- Build strong, constructive relationships with client underwriting operations managers, underwriters, underwriting assistants, and underwriting management, fostering collaboration and proactive problem-solving and work as a conduit between onshore and offshore teams.
- Coordinate with underwriting teams to understand business priorities, product needs, and pipeline demands.
- Support in ensuring knowledge gaps are addressed and teams can process risk setup requests with clear understanding and SLA guidelines.
- Assist in capacity planning for underwriting support teams, ensuring adequate coverage during peak cycles and renewals.
Process & Workflow Management
- Evaluate and enhance underwriting operations processes, reducing delays and ensuring compliant, audit-ready documentation.
- Support in the creation of a knowledge base to address client requirements.
- Drive continuous improvement initiatives across submission intake, policy administration, bordereaux handling, sanctions checks, and issuance workflows.
- Implement and refine controls to ensure accuracy of data entering underwriting, finance, and regulatory systems.
- Monitor performance metrics, identify operational bottlenecks, and implement root-cause solutions.
Governance, Compliance & Controls
- Ensure underwriting processes comply with Lloyd’s minimum standards, internal policies, and relevant regulatory requirements.
- Oversee audit activity within the underwriting operations function, preparing documentation and facilitating remediation plans where required.
- Maintain robust record-keeping practices and ensure operational readiness for Lloyd’s reviews, external audits, and internal governance forums.
- Manage and mentor an underwriting operations team, fostering a culture of accountability, continuous learning, and service excellence.
- Set team objectives, conduct performance reviews, and ensure ongoing professional development.
- Drive morale, clarity of expectations, and cross-training to build a resilient and versatile operations function.
Skills & Experience Required
- Proven hands-on experience in underwriting operations within the London Market, including both Company Market and Lloyd’s environments.
- Strong understanding of Lloyd’s processes, governance requirements, and market systems (e.g., DCOM, SDC, PPL, Delegated Authority tools, bordereaux platforms).
- Hands-on experience with Market policy admin and placement systems like Eclipse, Subscribe, Whitespace.
- Demonstrated experience working closely with underwriters and senior underwriting leadership.
- Familiarity with end-to-end policy lifecycle processes, including submissions, endorsements, renewals, and technical accounting interfaces.
- Strong analytical ability and comfort working with operational MI, data quality dashboards, and process KPIs.
- Excellent communication, stakeholder-management, and influencing skills.
- Experience leading or mentoring operational teams.
- Detail-oriented approach with the ability to see the bigger picture and balance operational demands with strategic objectives.
- Ability to thrive in a fast-paced environment with competing priorities.
Preferred Attributes
- Experience with delegated underwriting authority operations and cover holder oversight.
- Background in underwriting transformation or system-implementation initiatives.
- Strong working knowledge of process-improvement techniques (Lean, Six Sigma, etc.).
Underwriting Operations Specialist employer: Ex
Contact Detail:
Ex Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Operations Specialist
✨Tip Number 1
Network like a pro! Reach out to folks in the London Market, especially those in underwriting operations. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Lloyd’s processes and market systems. We want you to be able to discuss how you can improve workflows and support underwriters effectively.
✨Tip Number 3
Showcase your hands-on experience! When chatting with potential employers, highlight specific examples of how you've optimised underwriting operations or tackled compliance challenges in the past.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Underwriting Operations Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriting Operations Specialist role. Highlight your experience in underwriting operations, especially within the London Market, and showcase any relevant skills that match the job description.
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. Mention specific experiences where you've improved processes or supported underwriters, and show us your passion for operational excellence.
Showcase Your Skills: Don’t forget to highlight your analytical abilities and communication skills. We want to see how you’ve used these in past roles to drive improvements and manage relationships with stakeholders effectively.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates!
How to prepare for a job interview at Ex
✨Know Your Underwriting Operations
Make sure you brush up on your knowledge of underwriting operations, especially within the London Market. Familiarise yourself with key processes, tools like DCOM and Eclipse, and how they fit into the overall workflow. This will show that you’re not just a candidate, but someone who understands the intricacies of the role.
✨Showcase Your Problem-Solving Skills
Be prepared to discuss specific examples where you've improved processes or resolved operational bottlenecks in previous roles. Highlighting your analytical abilities and how you've implemented solutions will demonstrate your proactive approach and readiness to tackle challenges head-on.
✨Build Rapport with Interviewers
Since this role involves collaboration with underwriters and operational teams, focus on building a connection with your interviewers. Ask insightful questions about their current challenges and express your enthusiasm for fostering strong relationships. This will showcase your interpersonal skills and alignment with the company culture.
✨Prepare for Compliance Questions
Given the importance of governance and compliance in underwriting operations, be ready to discuss your understanding of Lloyd’s minimum standards and internal policies. Prepare examples of how you've ensured compliance in past roles, as this will highlight your attention to detail and commitment to operational excellence.