At a Glance
- Tasks: Lead and evolve underwriting rating capabilities for effective rate management.
- Company: Join Domestic & General, a leader in innovative insurance solutions.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Collaborate with diverse teams and enhance your project management expertise.
- Why this job: Make a real impact on underwriting processes and drive transformation in a dynamic environment.
- Qualifications: 3+ years in underwriting rating systems and strong analytical skills required.
The predicted salary is between 60000 - 75000 € per year.
hackajob is collaborating with Domestic & General to connect them with exceptional professionals for this role.
Overview
The Underwriting Ratings Manager will lead and continually evolve the organisation's rating capabilities to ensure the effectiveness of underwriting rates for D&G UK. This role is responsible for establishing and maintaining strong governance over rating processes and systems, ensuring rates are accurately assessed, monitored, and deployed into key rating systems across the UK. The role will also ensure compliance with underwriting processes and industry best practices in the UK and ROI regions where the organisation operates.
Responsibilities
- Drive the design, implementation, and continuous improvement of underwriting rating frameworks, tools, and processes aligned to regulatory expectations and business needs.
- Accountable for ensuring continuity of our rating systems and the outputs used for key business units including Finance, Clients, pricing, and call centres.
- Central to the underwriting rating transformation program to move the system to WIB in the future.
- Accountable for governance and tracking of rating changes, with a key lead with auditors and process management.
- Interact with Head of Finance, Underwriting Managers, Head of Pricing, Client teams, Tech, and Product managers to balance key requests with continuous delivery and monitoring of the rating that sits within underwriting parameters.
Experience
- 3+ years of experience in underwriting rating systems, rating deployments, pricing systems, database management or a closely related field.
- Proven experience in managing rating deployments across multiple environments with strong controls and checking processes.
- Demonstrate strong problem-solving, analytical and logical thinking skills.
Technical Skills
- Extensive experience with rating systems such as AS400, Ratabase, WIMA.
- Proficiency in conducting rating analysis, prioritisation, governance management.
- Data analysis experience using SQL and Power BI.
Communication Skills
- Strong maths, verbal and written communication skills with the ability to hold prioritisation discussions with key business stakeholders.
Project Management
- Excellent project management skills, with the ability to prioritise multiple tasks and manage a large portfolio of clients.
Educational Background
- A degree in maths, science, data, computing or a numerical based degree is useful.
Additional Responsibilities
- Build strong relationships with stakeholders, working closely to understand business problems.
- Drive continuous improvement across rating platforms and processes by identifying optimisation and automation opportunities that improve performance, efficiency and control.
- Govern end-to-end change control, testing (UAT/regression) and release sign-off for rating updates, ensuring appropriate approvals and a clear audit trail.
- Establish and maintain rating governance and controls, including monitoring, MI, documentation/operating procedures and audit-ready evidence of decisions and changes.
- Coordinate incident management for rating defects, including triage, root-cause analysis, fixes and preventative controls with Technology.
- Translate underwriting and commercial requirements into clear business rules and prioritise delivery with Technology and business stakeholders.
- Partner with business teams to set ratings for OEM and retail clients across UK and EU countries working with the US Underwriters for shared best practices.
- Oversee audit or regulatory response efforts when required.
Underwriting Ratings Manager employer: hackajob
Domestic & General is an exceptional employer that fosters a collaborative and innovative work culture, particularly for the Underwriting Ratings Manager role based in Wimbledon. Employees benefit from a strong focus on professional development, with opportunities to enhance technical skills and engage in meaningful projects that drive continuous improvement in underwriting processes. The company values governance and compliance, ensuring a supportive environment where employees can thrive while contributing to the organisation's success in the UK and ROI regions.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Ratings Manager
✨Tip Number 1
Network like a pro! Reach out to folks in the underwriting and finance sectors on LinkedIn. Join relevant groups and engage in discussions. You never know who might have the inside scoop on job openings or can refer you directly.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills. Make sure you can confidently discuss rating systems like AS400 and Ratabase. Practise explaining complex concepts in simple terms, as communication is key in this role.
✨Tip Number 3
Showcase your problem-solving skills! Be ready to share examples of how you've tackled challenges in previous roles, especially around rating deployments and governance. This will demonstrate your analytical thinking and ability to manage multiple tasks.
✨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. Let’s get you that Underwriting Ratings Manager role!
We think you need these skills to ace Underwriting Ratings Manager
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriting Ratings Manager role. Highlight your experience with rating systems and any relevant technical skills, like SQL or Power BI, to show us you’re the right fit for the job.
Craft a Compelling Cover Letter:Your cover letter should tell us why you're passionate about underwriting and how your background aligns with our needs. Use specific examples from your past experiences to demonstrate your problem-solving and analytical skills.
Showcase Your Project Management Skills:Since this role involves managing multiple tasks and clients, make sure to highlight your project management experience. Share examples of how you've successfully prioritised tasks and delivered results in previous roles.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. This way, we can easily track your application and get back to you quicker!
How to prepare for a job interview at hackajob
✨Know Your Rating Systems
Make sure you brush up on your knowledge of rating systems like AS400, Ratabase, and WIMA. Be ready to discuss how you've used these systems in past roles, as well as any challenges you've faced and how you overcame them.
✨Showcase Your Analytical Skills
Prepare to demonstrate your problem-solving and analytical thinking skills. Think of specific examples where you've conducted rating analysis or prioritised tasks effectively, and be ready to explain your thought process during the interview.
✨Communicate Clearly with Stakeholders
Since this role involves interacting with various stakeholders, practice articulating complex ideas in a simple way. Prepare to discuss how you've built relationships with teams like Finance, Tech, and Pricing, and how you’ve managed prioritisation discussions.
✨Project Management Prowess
Be ready to talk about your project management experience, especially in managing multiple tasks and clients. Have examples ready that showcase your ability to drive continuous improvement and handle large portfolios effectively.
