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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 options, 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: Deep knowledge of insurance principles, strong analytical skills, and excellent communication abilities required.
- 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
Make sure to stay updated on the latest trends in the Lloyd's and London markets. This knowledge will not only help you during interviews but also demonstrate your commitment to understanding the industry.
✨Tip Number 2
Network with professionals in the insurance and reinsurance sectors. Attend industry events or webinars to connect with potential colleagues and learn more about the role of Head of Underwriting Optimisation.
✨Tip Number 3
Brush up on your data analysis skills, especially in relation to underwriting performance. Being able to discuss specific analytical techniques you've used in past roles can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your project management experience in detail. Be ready to share examples of how you've successfully managed multiple tasks and prioritized workloads in previous positions.
We think you need these skills to ace Head of Underwriting Optimisation
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the Head of Underwriting Optimisation position. Tailor your application to highlight your relevant experience in performance management, data analysis, and communication skills.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience in insurance and reinsurance, particularly within the Lloyd's and London markets. Provide specific examples of how you've utilized advanced analytics to improve underwriting performance and drive strategic decisions.
Showcase Analytical Skills: Demonstrate your exceptional analytical and quantitative skills by including examples of complex data interpretation and portfolio modeling in your application. Mention any experience with data science techniques that could be beneficial for the role.
Communicate Effectively: Use clear and concise language in your application to convey complex concepts. Highlight your ability to communicate effectively with non-technical stakeholders and establish credibility with senior underwriters, as this is crucial for the role.
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.
