At a Glance
- Tasks: Build relationships with MGAs and manage onboarding processes for new partners.
- Company: Join SIRIUSPOINT, a leading specialty underwriter with a global presence.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity to grow in a fast-paced, innovative company.
- Why this job: Make an impact in the insurance industry while working with diverse teams.
- Qualifications: Bachelor’s degree in relevant field and 3+ years of experience in underwriting or program management.
The predicted salary is between 55000 - 65000 £ per year.
What We Do
SIRIUSPOINT is a specialty underwriter providing solutions to clients and brokers around the world.
With headquarters in Bermuda and offices in New York, London, Stockholm and other locations, we are listed on the New York Stock Exchange (SPNT).
We hold licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally.
Our capital exceeds $3.0 billion and our operating companies have an A rating from AM Best, Fitch and S&P, and A3 from Moody’s.
Key Responsibilities
- Build and maintain strong working relationships with MGAs, acting as the primary point of contact for program‑related matters.
- Manage the onboarding process for all new MGA’s.
- Monitor MGAs against defined KPIs, contractual obligations and implement action plans to improve performance.
- Collaborate with legal, underwriting, claims and business development teams to negotiate MGA contracts and ensure clear terms.
- Develop requirements for MGAs and ensure adherence to company standards and regulatory requirements.
- Assess and manage risks associated with MGAs and delegated underwriting programs, ensuring proper controls are in place.
- Confirm MGA compliance with all relevant regulatory and legal requirements.
- Conduct market research and competitive analysis to identify emerging trends and opportunities for new program development.
- Prepare regular reports and presentations for senior management on program performance, issues and recommendations.
- Support MGAs on underwriting guidelines, product knowledge and related topics to enhance their capabilities.
- Identify process improvement opportunities and participate in initiatives to streamline program management and enhance efficiency.
- Key Accountabilities
- Serve as a key point of contact within the business for delegated underwriting inquiries across all classes.
- Ensure all MGAs and delegated underwriting programs are approved in line with the MGA Playbook and Policies and Procedures.
- Co‑ordinate and attend Deal and Portfolio Committee meetings as necessary.
- Assist in maintaining the Sirius Point International and Syndicate audit diary (and subsequent recommendations) for coverholder business.
- Perform visits and reviews of coverholders / MGAs as part of the audit and review process, which may be carried out by SINT / SIMA personnel or external auditors/experts.
- Technical Skills & Experience
- Bachelor’s degree in Business, Insurance, Risk Management or a related field; advanced degrees or certifications (e. g., CPCU, ACII AINS) are advantageous.
- Proven experience (typically 3+ years) in program management, underwriting or MGA management within the insurance industry.
- Deep understanding of multi‑class insurance products, underwriting principles and the role of MGAs in distribution.
- Knowledge of relevant insurance regulations and industry best practices for program management and delegated underwriting authority.
- Strong analytical and problem‑solving skills, with the ability to assess program performance data and make data‑driven decisions.
- Excellent communication and negotiation skills to interact effectively with MGAs, TPAs and internal stakeholders.
- Track record of successful relationship management and a customer‑centric approach to business partnerships.
- Project management expertise to plan, execute and monitor program initiatives.
- Ability to work in a dynamic environment and adapt to changing market conditions.
- Team player with leadership qualities, capable of motivating and coordinating cross‑functional teams.
- Employment Information
- We are unable to sponsor or take over sponsorship of an employment visa at this time.
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Delegated Underwriting Authority Executive employer: SiriusPoint
SiriusPoint London is an exceptional employer that fosters a collaborative and innovative work culture, where ambitious professionals can thrive. With a strong focus on employee growth, we offer comprehensive training and development opportunities, ensuring that our team members are well-equipped to excel in their roles. Located in the heart of London, our dynamic environment not only provides access to a vibrant city but also encourages meaningful contributions to the insurance industry through impactful projects.
StudySmarter Expert Advice🤫
We think this is how you could land Delegated Underwriting Authority Executive
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like SiriusPoint). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like SiriusPoint. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Delegated Underwriting Authority Executive
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at SiriusPoint.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at SiriusPoint. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at SiriusPoint
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at SiriusPoint to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at SiriusPoint, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding SiriusPoint's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
