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- Tasks: Lead a dynamic team in managing delegated underwriting processes and performance analysis.
- Company: Join Genpact, a global leader in professional services transforming enterprises with innovative solutions.
- Benefits: Enjoy a diverse work environment, career development opportunities, and a commitment to inclusivity.
- Why this job: Be part of a purpose-driven company that values curiosity and entrepreneurial spirit while making an impact.
- Qualifications: Seeking graduates with 10+ years in London Markets and experience leading Delegated Authority teams.
- Other info: Genpact is an Equal Opportunity Employer, promoting diversity and inclusion in the workplace.
The predicted salary is between 43200 - 72000 £ per year.
Genpact is a global professional services and solutions firm delivering outcomes that shape the future. Our 125,000+ people across 30+ countries are driven by our innate curiosity, entrepreneurial agility, and desire to create lasting value for clients. Inviting applications for the role of Senior Manager, Delegated Underwriting Authority – UK/ Lloyd’s/London Market, Property & Casualty Insurance.
Your role will require you to utilize your experience in and knowledge of Insurance/Reinsurance and delegated underwriting processes to process transactions for the Underwriting Support Teams and communicate with the Onsite Team.
Responsibilities- Manage teams of 25-50+ and service level targets.
- Provide guidance to direct reports, comprised of Managers, Assistant Managers, and key SMEs.
- Monitor, analyze, and report on trends in the key Delegated underwriting performance drivers.
- Lead weekly/monthly/quarterly discussions on operations with client DA and company stakeholders.
- Understand the risks faced by the function and the controls in place to manage and mitigate these risks.
- Ensure clarity around priorities and goals for the entire functional area.
- Function effectively in a team environment, exercising good judgment.
- Work with senior management and peers for strategy development and execution planning.
- Guide talent identification and development processes for the function.
- Approve hiring and redeployment requests within the group.
- Conduct root cause analysis on escalations received.
- Demonstrate very good problem-solving skills and attention to detail.
- Accurately interpret and compile information from various sources and systems.
- Meet standards of timeliness and accuracy in work completion.
- Any Graduate, with Delegated Authority team leading experience for 20-50+ DA/UW team members.
- Minimum 10+ years of experience in London Markets.
- Relevant experience in Delegated Authority-UK and Lloyd’s Underwriting support for P&C Insurance Industry (Lloyd’s DA – BDX mapping, processing, chasing & LPAN creation).
- Proficient in Underwriting market experience in BPO delivery.
- Data analysis skills – proficient.
- Good written and spoken communication skills.
- Fluent in English (written and oral).
- Good knowledge of MS Office, especially MS Excel.
- Knowledge of Bureau/Non-Bureau market.
- Good understanding of Delegated Authority in the London Insurance Market.
Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, religion, or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability, or any other characteristic protected by law. We are committed to a diverse and inclusive work environment.
Please note that Genpact does not charge fees for job applications, and applicants should beware of scams involving payment for application processing or training.
Senior Manager- Delegated Underwriting Authority – UK/ Lloyd’s/London Market, Property & Casual[...] employer: Genpact
Contact Detail:
Genpact Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Manager- Delegated Underwriting Authority – UK/ Lloyd’s/London Market, Property & Casual[...]
✨Tip Number 1
Network with professionals in the London Market and Lloyd's to gain insights into the industry. Attend relevant events or webinars where you can meet potential colleagues and learn about the latest trends in delegated underwriting.
✨Tip Number 2
Familiarise yourself with the specific challenges and opportunities within the Delegated Authority space. Understanding the nuances of this area will help you articulate your experience and how it aligns with the role during discussions.
✨Tip Number 3
Prepare to discuss your leadership style and how you've successfully managed teams in the past. Highlight any specific achievements related to team performance and service level targets that demonstrate your capability for this senior role.
✨Tip Number 4
Stay updated on regulatory changes and market developments affecting the property and casualty insurance sector. This knowledge will not only enhance your conversations but also show your commitment to staying informed and proactive in your field.
We think you need these skills to ace Senior Manager- Delegated Underwriting Authority – UK/ Lloyd’s/London Market, Property & Casual[...]
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in Delegated Authority and the London Market. Emphasise your leadership skills and any relevant achievements that align with the responsibilities outlined in the job description.
Craft a Compelling Cover Letter: Write a cover letter that specifically addresses how your background in insurance and reinsurance makes you a perfect fit for this role. Mention your experience managing teams and your understanding of the Delegated Underwriting processes.
Highlight Relevant Skills: In your application, clearly showcase your data analysis skills and proficiency in MS Office, particularly Excel. These are crucial for the role, so provide examples of how you've used these skills in past positions.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter to ensure there are no spelling or grammatical errors. A polished application reflects attention to detail, which is essential for the role.
How to prepare for a job interview at Genpact
✨Showcase Your Leadership Skills
As a Senior Manager, you'll be leading teams of 25-50+ members. Be prepared to discuss your leadership style and provide examples of how you've successfully managed teams in the past, particularly in high-pressure environments.
✨Demonstrate Industry Knowledge
Make sure you have a solid understanding of the London Market and Delegated Authority processes. Brush up on recent trends and challenges in the Property & Casualty Insurance sector to show that you're well-informed and ready to contribute.
✨Prepare for Data Analysis Questions
Given the emphasis on data analysis skills in the job description, be ready to discuss your experience with data interpretation and reporting. Consider bringing examples of how you've used data to drive decisions or improve performance in previous roles.
✨Communicate Clearly and Confidently
Strong communication skills are essential for this role. Practice articulating your thoughts clearly and confidently, especially when discussing complex topics related to underwriting and risk management. This will help you make a positive impression during the interview.
