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- Tasks: Lead underwriting optimization and performance management for Specialty Property and Casualty portfolios.
- Company: Join a dynamic team in the insurance sector, focusing on innovative solutions and market leadership.
- Benefits: Enjoy competitive pay, flexible work arrangements, and opportunities for professional growth.
- Why this job: Be at the forefront of data-driven decision-making and influence strategic initiatives in a collaborative environment.
- Qualifications: In-depth insurance knowledge, strong analytical skills, and excellent communication abilities are essential.
- Other info: Experience with data science techniques is a plus; this role offers significant impact on business outcomes.
The predicted salary is between 72000 - 108000 £ per year.
Responsibilities
- Performance and portfolio management : Work closely with the CUO, Head of Pricing and Senior Underwriters to analyse and optimse the performance of Specialty Property and Specialty Casualty portfolios
- Data analysis and reporting : Utilise advanced analytics to drive improved underwriting performance insight, identify trends, and propose actions. Regularly report findings and recommendations to senior management
- To co-ordinate monthly CIPs (Class Insight Pods ) with multiple stakeholders for each line of business, drive discussions, inform strategy and foster culture of continuous portfolio improvement
- Lead business planning exercise to formulate loss ratios and reinsurance assumptions that to support of the annual business plans
- Support reinsurance function by leading analysis into alternative structures and adequacy of reinsurance placements by working closely with Capital modelling team. Coordinate with RI technical support and reinsurance brokers to provide data, analysis and insights to support the reinsurance purchasing process.
Qualifications
- Market knowledge: In-depth understanding of insurance and reinsurance principles, particularly within the Lloyd’s and London markets
- Market trends: Awareness of current market trends, emerging risks, and industry best practices within the Lloyd’s market
- Communication: Excellent communication skills to effectively convey complex actuarial and financial concepts to non-technical stakeholders. Able to establish credibility with senior underwriters and act as a central conduit across multiple functions
- Project management: Strong project management skills to handle multiple tasks, prioritize workloads, and meet deadlines
- Analytical skills: Exceptional analytical and quantitative skills to interpret complex data and develop robust portfolio models
- Data science: Beneficial to have experience in applying data science techniques in an insurance setting
- Problem-solving: Strong problem-solving abilities to identify issues, develop solutions, and implement strategies to optimize portfolio performance
- Financial acumen: clear understanding of an insurance P&L and what drives performance
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Head of Underwriting Optimisation employer: W. R. Berkley Corporation
Contact Detail:
W. R. Berkley Corporation Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Underwriting Optimisation
✨Tip Number 1
Familiarize yourself with the latest trends in the Lloyd's and London markets. This knowledge will not only help you understand the current landscape but also allow you to engage in meaningful discussions during interviews.
✨Tip Number 2
Brush up on your data analysis skills, especially in relation to underwriting performance. Being able to demonstrate your ability to utilize advanced analytics will set you apart from other candidates.
✨Tip Number 3
Network with professionals in the insurance and reinsurance sectors. Building relationships with senior underwriters and stakeholders can provide valuable insights and potentially lead to referrals for the position.
✨Tip Number 4
Prepare to discuss your project management experiences in detail. Highlight specific examples where you've successfully managed multiple tasks and met deadlines, as this is crucial for the Head of Underwriting Optimisation role.
We think you need these skills to ace Head of Underwriting Optimisation
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Head of Underwriting Optimisation position. Understand the key responsibilities and qualifications required, as this will help you tailor your application.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience in performance management, data analysis, and project management within the insurance sector. Use specific examples that demonstrate your analytical skills and market knowledge.
Showcase Communication Skills: Since excellent communication is crucial for this role, provide examples of how you've effectively conveyed complex information to non-technical stakeholders. This could be through presentations, reports, or team collaborations.
Tailor Your Application: Customize your cover letter to reflect your understanding of current market trends and emerging risks in the Lloyd's market. Mention how your background aligns with the company's goals and how you can contribute to continuous portfolio improvement.
How to prepare for a job interview at W. R. Berkley Corporation
✨Showcase Your Analytical Skills
Be prepared to discuss specific examples of how you've utilized advanced analytics in your previous roles. Highlight any experience you have with data interpretation and how it led to improved underwriting performance.
✨Demonstrate Market Knowledge
Familiarize yourself with current trends and emerging risks in the Lloyd's and London markets. Be ready to discuss how these trends can impact underwriting strategies and portfolio management.
✨Communicate Complex Concepts Clearly
Practice explaining complex actuarial and financial concepts in simple terms. This will help you convey your ideas effectively to non-technical stakeholders during the interview.
✨Highlight Project Management Experience
Prepare to share examples of how you've successfully managed multiple projects simultaneously. Discuss your approach to prioritizing tasks and meeting deadlines, especially in a fast-paced environment.
