Head of Underwriting Services

Head of Underwriting Services

Slough Full-Time 43200 - 72000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Lead and oversee underwriting policy processing, ensuring efficiency and compliance.
  • Company: Rokstone is a dynamic MGA redefining insurance with innovation at its core.
  • Benefits: Enjoy a flexible benefits package and a hybrid work model for better work-life balance.
  • Why this job: Join a collaborative team focused on revolutionising the insurance industry and empowering your career.
  • Qualifications: Experience in senior operations roles within insurance, with strong team management skills required.
  • Other info: We celebrate diversity and inclusivity, welcoming applicants from all backgrounds.

The predicted salary is between 43200 - 72000 £ per year.

Department: Operations

Location: Hybrid - Office-based 3 days a week

Who We Are

Rokstone, part of the Aventum Group, is an established international underwriting managing agency (MGA) and an approved Lloyd's of London coverholder. With innovation at our core, we go beyond the ordinary to offer brokers specialised (re)insurance solutions. Our commitment is to redefine industry standards.

At the heart of Aventum are our people. Working together in dynamic, service-focused teams, we prioritise our customers in everything we do. Collaboration fuels our success, courage drives our innovation, and continuous improvement keeps us ahead in a rapidly evolving industry. Our shared commitment is to revolutionise insurance for the better, one day at a time.

We also believe that investing in our people is investing in our future. By empowering people across the Group to develop their careers, advance within the Group, and take on new challenges, we create an environment where growth and learning are ongoing. Our competitive benefits package reflects this, allowing employees to tailor their benefits to meet their individual needs.

Role Summary

The Head of Underwriting Services is responsible for leading and overseeing all operational aspects of the underwriting policy processing operations across the organisation. This role ensures that policy processing activities are executed efficiently, accurately, and in compliance with internal policies and regulatory requirements. The role is central to maintaining high-quality service delivery, providing a high level of customer service and implementing process improvements to support business growth and risk management.

Role Accountabilities

  • Lead and manage the underwriting processing team, setting performance expectations and ensuring delivery against service level agreements (SLAs).
  • Oversee the end-to-end underwriting process from submission intake through to decision and issuance.
  • Collaborate with Underwriting, Risk, Compliance, IT, and other departments to ensure smooth workflows and alignment with company objectives.
  • Monitor processing metrics and KPIs; identify trends, bottlenecks, and opportunities for process optimisation.
  • Ensure compliance with internal underwriting guidelines, industry regulations, and data privacy laws.
  • Drive automation and digital transformation initiatives to modernise the underwriting function.
  • Recruit, train, and develop underwriting support staff to maintain a high-performance culture.
  • Manage operational risk within the underwriting processing function, implementing corrective actions as needed.
  • Serve as an escalation point for complex processing issues or exceptions.
  • Any additional duties as assigned.

Role Requirements

  • Proven experience in a senior operations role within the insurance industry, preferably with MGA experience.
  • In-depth experience in insurance operations, regulatory compliance, and risk management.
  • Experience in successfully managing and developing teams.

We are an equal opportunity employer, and we are proud to share that 93% of our employees say they can be themselves at work. We aim to hire the industry's finest people because the best talent drives the best outcomes. We continually challenge the status quo because we know there are always ways to improve things. Together, we're limitless.

We value applicants from all backgrounds and foster a culture of inclusivity. We understand the need for flexibility, so work in a hybrid model. Please let us know if you require any reasonable adjustments during the recruitment process.

FCA Conduct Rules

  • You must act with integrity.
  • You must act with due skill, care and diligence.
  • You must be open and cooperative with the FCA, the PRA and other regulators.
  • You must pay due regard to the interests of customers and treat them fairly.
  • You must observe proper standards of market conduct.
  • You must act to deliver good outcomes for retail customers.

Head of Underwriting Services employer: Rokstone Underwriting

Rokstone, part of the Aventum Group, is an exceptional employer that prioritises innovation and collaboration within a dynamic work environment. With a strong commitment to employee growth, we offer tailored benefits and a hybrid working model that supports work-life balance, ensuring our team members can thrive both personally and professionally. Join us in redefining the insurance industry while being part of a culture that values inclusivity and continuous improvement.
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Contact Detail:

Rokstone Underwriting Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Head of Underwriting Services

✨Tip Number 1

Familiarise yourself with the latest trends in underwriting and insurance operations. Understanding current market dynamics and innovations will help you demonstrate your expertise during discussions.

✨Tip Number 2

Network with professionals in the insurance industry, especially those with MGA experience. Engaging with others can provide insights into the role and may even lead to referrals.

✨Tip Number 3

Prepare to discuss your leadership style and how you've successfully managed teams in the past. Highlighting specific examples of team development and performance improvement will set you apart.

✨Tip Number 4

Research Rokstone and its subsidiaries to understand their unique offerings and culture. Tailoring your conversation to align with their values and goals will show your genuine interest in the company.

We think you need these skills to ace Head of Underwriting Services

Leadership Skills
Operational Management
Underwriting Expertise
Regulatory Compliance Knowledge
Risk Management
Team Development
Performance Monitoring
Process Optimisation
Customer Service Excellence
Data Analysis
Automation and Digital Transformation
Collaboration Skills
Problem-Solving Skills
Attention to Detail

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Head of Underwriting Services position. Tailor your application to highlight your relevant experience in insurance operations and team management.

Craft a Compelling CV: Your CV should clearly outline your experience in senior operations roles within the insurance industry. Emphasise your achievements in managing teams, compliance, and risk management, as these are crucial for this role.

Write a Strong Cover Letter: In your cover letter, express your passion for the insurance industry and your commitment to innovation and customer service. Mention specific examples of how you've driven process improvements or led successful teams in previous roles.

Highlight Relevant Skills: Make sure to showcase your skills in regulatory compliance, operational risk management, and digital transformation initiatives. These are key areas that Rokstone is looking for in their ideal candidate.

How to prepare for a job interview at Rokstone Underwriting

✨Showcase Your Leadership Skills

As the Head of Underwriting Services, you'll be leading a team. Be prepared to discuss your leadership style and provide examples of how you've successfully managed teams in the past. Highlight any specific achievements that demonstrate your ability to drive performance and foster a high-performance culture.

✨Understand the Regulatory Landscape

Given the importance of compliance in this role, make sure you are well-versed in the relevant regulations and industry standards. Be ready to discuss how you've navigated regulatory challenges in previous positions and how you ensure compliance within your teams.

✨Emphasise Collaboration

Collaboration is key in this role, as you'll need to work closely with various departments. Prepare to share examples of how you've successfully collaborated with other teams, such as IT or Risk, to achieve common goals and improve processes.

✨Demonstrate Process Improvement Initiatives

The role involves driving automation and process improvements. Be ready to discuss any initiatives you've led in the past that resulted in increased efficiency or enhanced service delivery. Use metrics to illustrate the impact of these changes.

Head of Underwriting Services
Rokstone Underwriting
R
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