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- Tasks: Lead underwriting performance, assess profitability, and support business plans for a Lloyd's Syndicate.
- Company: Join a leading Lloyd's Syndicate known for its innovative approach and strong market presence.
- Benefits: Enjoy competitive pay, professional development opportunities, and a dynamic work environment.
- Why this job: Be at the forefront of underwriting strategy, making impactful decisions in a collaborative culture.
- Qualifications: Experience in underwriting or portfolio management is essential; analytical skills are a plus.
- Other info: This role offers a chance to influence syndicate performance and engage with senior management.
The predicted salary is between 43200 - 72000 £ per year.
I am currently recruiting for a leading Lloyd's Syndicate who are seeking an Underwriting Performance Lead to join their growing team. My client is looking for an experienced Underwriter or someone in a Portfolio Management type role to oversee Underwriting activity/profitability and assist with the Syndicate Business Plans throughout the year. This person will be the lead day-to-day contact for allocated Underwriters across multiple lines of business.
Key Responsibilities
- Act as the primary underwriting performance contact for Managing Agents.
- Oversee and assess underwriting profitability through PBO.
- Identify and mitigate underwriting performance issues.
- Support the approval and monitoring of Syndicate Business Plans (SBFs) throughout the planning cycle and mid-year updates.
- Align activities with the Corporation's strategic objectives to ensure sustainable syndicate underwriting performance and profitability.
- Confirm underwriting plans are logical, realistic, and achievable.
- Ensure appropriate portfolio oversight and management by syndicates.
- Serve as the lead day-to-day contact for underwriting matters with assigned Managing Agents.
- Provide independent challenge and regulatory oversight on underwriting issues at the syndicate level.
- Understand and assess the broader strategic ambition of each syndicate.
- Evaluate SBFs to ensure they are logical, realistic, and achievable; prepare them for Capital and Planning Group (CPG) review.
- Monitor ongoing execution of SBFs, assess material changes, recommend action plans, and escalate to Senior Management or CPG as necessary.
- Review syndicate underwriting performance against approved SBFs (for all open years), considering business priorities and strategy.
- Complete internal Quarterly Business Reviews (QBRs) across assigned syndicates, reporting on financial and non-financial positions.
- Review Performance Management Data Return (PMDr) quarterly to assess written premium, risk-adjusted rate change, and price adequacy; address deviations from the plan.
- Conduct PBO assessments under the Underwriting Profitability Principle; provide guidance to improve syndicate standards.
- Review syndicate Own Risk and Solvency Assessments (ORSAs) and provide feedback to Lloyd's Oversight team.
- Report regularly to senior management on syndicate performance, identifying key issues and suggesting actions to address underperformance.
- Document findings and decisions in Dynamics and QBRs.
- Prepare feedback for the Prudential Regulation Authority (PRA) on syndicate performance and monitoring.
- Collaborate with Account Managers and Market Development to ensure effective engagement with Managing Agents.
- Participate in cross-functional project groups to address evolving market conditions and stakeholder expectations.
Manager - HFG employer: HFG
Contact Detail:
HFG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Manager - HFG
✨Tip Number 1
Network with professionals in the Lloyd's market. Attend industry events, webinars, or local meetups to connect with current employees and learn more about the company culture and expectations.
✨Tip Number 2
Familiarise yourself with the latest trends in underwriting performance and portfolio management. Being knowledgeable about current market conditions will help you stand out during discussions with potential employers.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed underwriting performance in previous roles. Highlight your ability to identify issues and implement effective solutions.
✨Tip Number 4
Showcase your understanding of regulatory requirements and how they impact underwriting practices. This knowledge will demonstrate your capability to provide oversight and ensure compliance within the syndicate.
We think you need these skills to ace Manager - HFG
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in underwriting or portfolio management. Focus on specific achievements that demonstrate your ability to oversee underwriting activity and profitability.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your skills align with the key responsibilities outlined in the job description, particularly your experience with managing underwriting performance.
Highlight Relevant Skills: Emphasise skills such as analytical thinking, strategic planning, and communication. These are crucial for the role of Underwriting Performance Manager, so provide examples of how you've successfully used these skills in past positions.
Proofread Your Application: Before submitting, carefully proofread your application materials. Look for any spelling or grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail.
How to prepare for a job interview at HFG
✨Understand the Role Thoroughly
Before the interview, make sure you have a solid grasp of the responsibilities outlined in the job description. Familiarise yourself with underwriting performance metrics and how they align with business objectives, as this will show your potential employer that you're genuinely interested and prepared.
✨Prepare Relevant Examples
Think of specific instances from your past experience where you've successfully managed underwriting performance or portfolio management. Be ready to discuss these examples in detail, highlighting your problem-solving skills and ability to drive profitability.
✨Showcase Your Analytical Skills
Since the role involves assessing underwriting profitability and monitoring business plans, be prepared to demonstrate your analytical capabilities. You might be asked to interpret data or provide insights on performance metrics, so brush up on relevant tools and methodologies.
✨Engage with Questions
Prepare thoughtful questions to ask during the interview. This could include inquiries about the company's strategic objectives or how they measure success in underwriting performance. Engaging in this way shows your enthusiasm for the role and helps you assess if the company is the right fit for you.
