At a Glance
- Tasks: Manage relationships with MGAs and oversee delegated underwriting programs for profitable growth.
- Company: SiriusPoint, a global specialty underwriter with a collaborative culture.
- Benefits: Empowering environment, diverse team, and opportunities for professional growth.
- Other info: Join a company that values diversity, inclusion, and collaboration.
- Why this job: Make a real impact in the insurance industry while working with a dynamic team.
- Qualifications: Experience in program management or underwriting, strong communication skills, and a proactive mindset.
The predicted salary is between 60000 - 80000 £ per year.
Who We Are
Sirius Point is a specialty underwriter providing solutions to clients and brokers around the world.
Bermuda-headquartered with offices in New York, London, Stockholm and other locations, we are listed on the New York Stock Exchange (SPNT).
We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally.
Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents and program managers.
With over $3.0 billion total capital, Sirius Point’s operating companies have a financial strength rating of A from AM Best, Fitch and S&P, and A3 from Moody’s.
Join Our Team
You will be our Delegated Underwriting Authority Executive and will report to the Head of Program Management.
We are seeking an experienced and proactive Program Manager to join Sirius Point, focusing on Managing General Agents (MGAs) and delegated underwriting programs.
As the Program Manager for MGAs, you will be responsible for overseeing and enhancing the relationships with our MGAs, ensuring their compliance with underwriting guidelines, and driving profitable growth through effective program management.
Your role will involve collaboration with various internal teams, including underwriting, claims, finance and compliance to ensure successful program implementation and ongoing performance.
Key Responsibilities
- Build and maintain strong working relationships with MGAs, acting as the primary point of contact for program-related matters and addressing their needs and concerns promptly.
- Manage the onboarding process for all new MGA’s.
- Monitor the performance of MGAs against defined key performance indicators (KPIs), contractual obligations and identifying areas for improvement and implementing action plans as needed.
- Collaborate with legal, underwriting, claims and business development teams in negotiating contracts with MGAs, ensuring clear terms and obligations.
- Develop and maintain requirements for MGAs, ensuring adherence to company standards and regulatory requirements.
- Assess and manage risks associated with MGAs and delegated underwriting programs, ensuring proper controls are in place to mitigate potential losses.
- Ensure MGAs comply with all relevant regulatory and legal requirements. Confirming MGA’s are aligned to our philosophies and values.
- Conduct market research and competitive analysis to identify emerging trends and opportunities for new program development and growth.
- Prepare regular reports and presentations for senior management, providing updates on program performance, issues and recommendations.
- Support MGAs on underwriting guidelines, product knowledge, and other relevant topics to enhance their capabilities.
- Identify process improvement opportunities and participate in initiatives to streamline program management and enhance efficiency.
- Key Accountabilities
- Be a key point of contact within the Business for Delegated Underwriting related enquiries across all classes.
- Ensure that all MGAs and Delegated Underwriting Programs are approved in line with Sirius Point’s MGA Playbook and Policies and Procedures.
- Co-ordination of and attendance at Deal and Portfolio Committee meetings, as necessary.
- Assist in the maintenance of the Sirius Point International and Syndicate audit diary (and subsequent recommendations) in respect of all coverholder business.
- Perform visits and reviews of coverholders / MGAs as part of the audit and regular review process.
Visits can be performed 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 managing MGAs within the insurance industry.
- Thorough understanding of multi-class insurance products, underwriting principles, and the role of MGAs in the insurance distribution model.
- 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 effectively interact with MGAs, TPA’s and internal stakeholders.
- Proven track record of successful relationship management and customer-centric approach to business partnerships.
- Project management expertise to effectively 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
Please find our EU/UK Job Applicant policy
- Job-Applicants-Privacy-notice. pdf
- United behind common goals
At Sirius Point we work as one team across our global business, and we unite that team behind common goals, understanding the positive impact we can all make at Sirius Point.
We aim to retain and attract great people, knowing they can achieve a rewarding and enriching career.
Our Purpose is to provide security and resilience in an uncertain world.
Our Vision is to be recognized as a best-in-class underwriter utilizing deep risk capabilities to protect our customers.
Blending our talent, expertise, and data to provide intelligent risk solutions.
Our culture is one of performance and accountability. Our people are our experts, and you will be empowered to apply your expertise in a supportive, collaborative and purposeful environment.
Our Values are at the heart of our business, and which guide everyday actions and decision making.
- Integrity: Integrity, respect and trust are our core principles
- Customer Focused: Our customers are the reason we exist
- Solution Driven: Creating solutions is our mindset
- Diversity: Diversity, inclusion and allyship make us stronger
- Collaboration: Collaboration drives outperformance
Why Should You Join Sirius Point?
Our people are our experts, and from day one you will be empowered to apply your expertise in a supportive, collaborative, and purposeful environment.
Our Values - Integrity, Customer Focused, Solution Driven, Diversity, and Collaboration - are at the heart of our business, and they guide our everyday actions and decision making.
We also unite our global team behind common goals, ensuring you can make a meaningful impact.
We Achieve More Together
At Sirius Point, we know that diversity, inclusion and allyship make us stronger.
We value and are committed to supporting the unique voices, backgrounds, cultures, lifestyles, and contributions of the diverse global employee base that make up our business.
We know that a diverse and equitable culture, where all voices are included and heard, is critical to our success as an employer.
We are committed to developing our DE&I strategy to ensure that Sirius Point remains a supportive and empowering place of work.
We are unable to sponsor or take over sponsorship of an employment visa at this time.
Delegated Underwriting Authority Executive in London 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 in London
✨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 in London
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.
