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- Tasks: Support the Deputy Director of Underwriting and oversee underwriting controls across diverse syndicates.
- Company: Join PoloWorks, a dynamic player in the insurance industry.
- Benefits: Competitive salary, full-time role, and opportunities for professional growth.
- Why this job: Make a real impact in underwriting while developing your skills in a supportive environment.
- Qualifications: Experience in the Lloyd’s market and strong analytical skills required.
- Other info: Collaborative culture aligned with values of responsibility, inclusivity, and empowerment.
The predicted salary is between 42000 - 70000 £ per year.
We are seeking a motivated professional to play a key role in supporting the Deputy Director of Underwriting. This role will focus on delivering and overseeing the underwriting controls framework, while also contributing to the successful delivery of business planning activities across a diverse portfolio of syndicates.
Key Responsibilities
- To report to the Deputy Director of Underwriting in all matters relating to the delivery of the managing agency underwriting controls and oversight framework and the onboarding of new syndicates into the framework.
- Work alongside the Head of Underwriting Operations to agree the Underwriting Controls Framework and its implementation at new syndicates.
- To monitor managed syndicates against the agreed syndicate business plans including the review of monthly and quarterly underwriting performance reports.
- Working closely with the Underwriting Management Team plus the Active Underwriters and their teams as appropriate to understand any deviations from plan.
- To consider performance strategies and work with the Deputy DoU in the implementation of corrective action if required.
- To work alongside the Underwriting Governance function of the Underwriting Management Team to investigate deviations from agreed plan and agree strategies for corrective actions.
- To review syndicate business plans for the prospective year of account, leading on the SBF process internally and externally with a portfolio of syndicates, to ensure timely submission to Lloyd’s.
- To lead on any Mid-Year Changes requested by syndicates, ensuring the necessary co-ordination across functions and making recommendations to the PMA Deputy DoU.
- May be requested to work with the Director of Underwriting and the New Business Director, depending on the portfolio of the new business opportunity.
- To work alongside the Underwriting Governance Function on syndicate BAU activities.
- To maintain record keeping and action logs of syndicate related activities to support and evidence oversight.
- To maintain compliance with Lloyd’s Principle for Doing Business and any applicable UK or International statutory regulatory obligations as required by the role.
- To conduct ad hoc reviews and projects as required.
Skills, Knowledge and Expertise
- Experienced in the Lloyd’s market, preferably with an underwriting background and may be working or have worked in an underwriting oversight role.
- Preferably graduate and ACII qualified or progress towards qualification.
- Sound understanding of underwriting and Lloyd’s operations.
- May have previous experience of working in a Managing Agent.
- Understanding of Lloyd’s Principles for Doing Business.
- Sound knowledge of Underwriting Governance and Controls Frameworks.
- Sound knowledge of underwriting management information.
- Self-motivated and proactive.
- Strong organizational and planning skills, with the ability to prioritise and deliver results under pressure.
- Ability to adapt to changing priorities and manage multiple deadlines.
- Good level of IT skills including Excel.
- Highly numerate with strong analytical and problem-solving skills.
- Excellent written and verbal communication skills and strong interpersonal skills.
- Ability to work collaboratively and establish strong relationships.
Demonstrates behaviours aligned to the Polo Works PRIDE values:
- Pioneering – we don’t stand still
- Responsible – We do the right thing
- Inclusive – we all play a role
- Delivery Focused - we provide services we are proud of
- Empowering – we equip people to be their best
Underwriting Oversight Manager employer: PoloWorks
Contact Detail:
PoloWorks Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Oversight Manager
✨Tip Number 1
Network like a pro! Reach out to folks in the underwriting field, especially those at PoloWorks. A friendly chat can open doors and give you insights that might just set you apart from the crowd.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of Lloyd’s operations and underwriting governance. Show us you know your stuff and can hit the ground running!
✨Tip Number 3
Don’t forget to showcase your analytical skills! Be ready to discuss how you've tackled challenges in previous roles, especially when it comes to monitoring performance and implementing corrective actions.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Underwriting Oversight Manager
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Underwriting Oversight Manager role. Highlight your relevant experience in underwriting and any specific achievements that align with the job description. We want to see how you fit into our team!
Showcase Your Skills: Don’t forget to emphasise your analytical and problem-solving skills, as well as your understanding of underwriting governance. Use examples from your past roles to demonstrate how you've successfully managed similar responsibilities. This is your chance to shine!
Be Clear and Concise: When writing your application, keep it clear and to the point. Avoid jargon unless it's relevant to the role. We appreciate straightforward communication, so make sure your key points stand out without unnecessary fluff.
Apply Through Our Website: We encourage you to apply directly through our website for the best chance of being noticed. It’s super easy, and you’ll be part of the first wave of applicants. Don’t miss out on this opportunity to join us at PoloWorks!
How to prepare for a job interview at PoloWorks
✨Know Your Underwriting Controls
Make sure you have a solid understanding of underwriting controls and frameworks. Brush up on your knowledge of Lloyd’s Principles for Doing Business, as well as any relevant compliance regulations. This will show that you're not just familiar with the role but also committed to maintaining high standards.
✨Demonstrate Analytical Skills
Prepare to discuss how you've used analytical skills in previous roles, especially in monitoring performance against business plans. Be ready to share specific examples where you identified deviations and implemented corrective actions. This will highlight your problem-solving abilities and proactive approach.
✨Showcase Your Collaborative Spirit
This role requires working closely with various teams, so be prepared to talk about your experience in collaboration. Think of examples where you successfully worked with others to achieve a common goal, particularly in an underwriting or insurance context. This will demonstrate your ability to build strong relationships.
✨Prepare Questions About the Role
Have a few insightful questions ready to ask at the end of the interview. Inquire about the current challenges the underwriting team is facing or how success is measured in this role. This shows your genuine interest in the position and helps you assess if it's the right fit for you.
