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- Tasks: Lead the development and management of a profitable insurance portfolio across Europe.
- Company: Join Vallum Associates, a dynamic player in the insurance industry.
- Benefits: Enjoy competitive pay, flexible working options, and opportunities for professional growth.
- Why this job: Make an impact in a fast-paced environment while building valuable relationships.
- Qualifications: Must have a degree/MBA and 10+ years of insurance experience.
- Other info: Contact Louie York for more details and to apply!
The predicted salary is between 48000 - 84000 £ per year.
The main purpose of the role is to develop, underwrite, report, analyse, service and portfolio manage a profitable book of general/miscellaneous non-life insurance business across UK, Europe & International.
Primary Job Functions
- Develop a profitable and sustainable book of GL business on a pan-European basis.
- Support the local Sales and Marketing teams to develop a healthy pipeline of new business opportunities.
- Manage and underwrite deals, including drafting risk assessments, pricing, negotiation and closing.
- Assist in relationship management with brokers and clients during the underwriting, negotiation and deal implementation stages.
- Manage portfolio profitability and re-negotiate renewal terms where appropriate, ensuring performance, key metrics and target loss ratios run to plan.
- Establish, manage, and implement appropriate underwriting guidelines within the business.
- Ensure claims management process is in line with pricing assumptions and partners are administering business appropriately and in line with policy terms and conditions.
- Assist in the drafting of policy wordings, IPID’s, marketing material and client presentations.
Skills & Competencies Required
- Degree / MBA.
- 10+ years insurance industry experience.
- Excellent technical underwriting and portfolio management skills aligned with strong commercial acumen.
- Experience in building and managing profitable business.
- Good technical knowledge of insurance products, policy coverages, including the drafting of compliant wordings.
- Experience of regulatory bodies and frameworks.
- Ability to liaise with internal stakeholders at all levels and where relevant, presenting results and findings to boards and committees.
Underwriting Director - Programmes & Facilities employer: Vallum Associates
Contact Detail:
Vallum Associates Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Director - Programmes & Facilities
✨Tip Number 1
Network with professionals in the insurance industry, especially those who have experience in underwriting and portfolio management. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in the market.
✨Tip Number 2
Familiarise yourself with the specific underwriting guidelines and regulatory frameworks relevant to the UK and European markets. This knowledge will not only enhance your understanding but also demonstrate your commitment to the role during interviews.
✨Tip Number 3
Prepare to discuss your past experiences in managing profitable books of business. Be ready to share specific examples of how you developed strategies for underwriting and portfolio management that led to successful outcomes.
✨Tip Number 4
Showcase your ability to build relationships with brokers and clients. Highlight any previous roles where you successfully negotiated deals or managed client relationships, as this is crucial for the Underwriting Director position.
We think you need these skills to ace Underwriting Director - Programmes & Facilities
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in underwriting and portfolio management. Emphasise your 10+ years in the insurance industry and any specific achievements that demonstrate your ability to develop profitable business.
Craft a Compelling Cover Letter: In your cover letter, explain why you are interested in the Underwriting Director position. Discuss your technical underwriting skills and how they align with the company's goals. Mention your experience in managing relationships with brokers and clients.
Showcase Your Technical Knowledge: Include specific examples of your knowledge regarding insurance products and policy coverages. Highlight any experience you have with drafting compliant wordings and working with regulatory bodies, as this is crucial for the role.
Prepare for Potential Questions: Think about the key metrics and target loss ratios mentioned in the job description. Be ready to discuss how you would manage portfolio profitability and re-negotiate renewal terms during an interview.
How to prepare for a job interview at Vallum Associates
✨Showcase Your Technical Expertise
Make sure to highlight your extensive knowledge of underwriting and portfolio management during the interview. Be prepared to discuss specific examples from your past experience that demonstrate your ability to manage a profitable book of business.
✨Demonstrate Commercial Acumen
Employers are looking for candidates who can not only underwrite effectively but also understand the commercial implications of their decisions. Prepare to discuss how you've successfully balanced risk and profitability in previous roles.
✨Prepare for Relationship Management Questions
Since relationship management with brokers and clients is crucial, be ready to share examples of how you've built and maintained strong professional relationships. Highlight any successful negotiations or deal implementations you've been involved in.
✨Understand Regulatory Frameworks
Familiarise yourself with the relevant regulatory bodies and frameworks in the insurance industry. Be prepared to discuss how you have navigated these regulations in your previous roles and how they impact underwriting practices.
