Underwriting Manager in Manchester

Underwriting Manager (RDT576)

South Manchester

About the job

Specialist insurer writing a varied book of niche and specialty lines, investing in their underwriting, pricing and technical capability, looking for an Underwriting Manager to lead the underwriting team and take day-to-day ownership of the book.

This isn't a narrow desk role. You'll lead the underwriting team and own the day-to-day technical underwriting of the delegated and direct book, making sure risks are selected, priced and managed within appetite and in line with regulatory and delegated authority requirements.

From that foundation, you'll own the onboarding of new schemes, hold and develop the client relationships, monitor how the book, clients and products are performing, and act on what you see. You'll also work directly with the Senior Leadership Team on wider initiatives across operations, pricing and strategy.

Responsibilities

• Directly managing, training and coaching a team, building capability and resilience and shaping how the team works.
• Leading the technical underwriting of schemes and risks and using judgement on the harder cases.
• Reviewing referrals and setting the referral standard
• Referring binding decisions, and anything outside appetite or guidelines, to the Head of Underwriting or the Underwriting and Claims Committee with a clear recommendation.
• Owning the onboarding of new schemes and coverholders end to end.
• Working with compliance on the checks needed to bring a scheme live.
• Setting schemes up to succeed, with clear terms, aligned pricing and product.
• Acting as the link between underwriting, pricing and products.
• Providing underwriting input into product design, wordings and pricing reviews.
• Supporting reinsurance renewal submissions with underwriting data, judgement and commentary.
• Building and maintaining strong relationships with clients, coverholders and schemes.
• Monitoring performance across the book, individual schemes, clients and products.
• Spotting emerging issues early and recommending corrective action.
• Supporting the Head of Underwriting on wider initiatives across operations, pricing etc.
• Preparing and presenting underwriting papers and MI.
• Making sure own and team's training is completed and actions are delivered on time.

Skills/Experience Requirements

• Solid underwriting experience, ideally in specialty, niche or delegated authority lines with good portfolio judgement.
• Experience with coverholders or schemes, including onboarding new business and managing the commercial relationship.
• Experience leading or developing people.
• A working understanding of Consumer Duty and fair value.
• Strong Excel and MI skills.

It would help if you've worked on the MGA or coverholder side, know the GFSC regime or have FCA/PRA experience, hold or are working towards ACII, or have had exposure to pricing, reserving or reinsurance.