To support the Deputy Director of Underwriting with the delivery and oversight of the underwriting oversight framework and in the delivery of business planning activities across a portfolio of syndicates.
To report to the Deputy Director of Underwriting in all matters relating to the delivery of the managing agency underwriting controls and oversight framework and the onboarding of new syndicates into the framework.
Work alongside the Head of Underwriting Management & Onboarding and the Head of Underwriting Operations to agree the Underwriting Oversight Framework and its implementation at new syndicates.
To monitor managed syndicates against the agreed syndicate business plans including the review of monthly and quarterly underwriting performance reports. Working closely with the Underwriting Management Team plus the Active Underwriters and their teams as appropriate to understand any deviations from plan.
To consider performance strategies and work with the Deputy DoU in the implementation of corrective action if required.
To work alongside the Underwriting Controls function of the Underwriting Management Team to investigate deviations from agreed plan and agree strategies for corrective actions.
To review syndicate business plans for the prospective year of account, leading on the SBF process internally and externally with a portfolio of syndicates, to ensure timely review, challenge and submission to Lloyd’s.
To lead on Underwriting matters at the monthly Underwriting Committee with specific syndicates.
To lead on any Mid-Year Changes requested by syndicates, ensuring the necessary co-ordination across functions and making recommendations to the PMA Deputy DoU.
May be requested to work with the Director of Underwriting and the New Business Director, depending on the portfolio of the new business opportunity.
To work alongside the Underwriting Controls Function on syndicate BAU activities.
To maintain record keeping and action logs of syndicate related activities to support and evidence oversight. This may include the review of documentation such as Underwriting Guidelines.
To maintain compliance with Loyd’s Principle for Doing Business and any applicable UK or International statutory regulatory obligations as required by the role.
To conduct ad hoc reviews and projects as required.
Experienced in the Lloyd’s market, preferably with an underwriting background and may be working or have worked in an underwriting oversight role.
Sound knowledge of Underwriting Governance and Controls Frameworks.
Sound knowledge of underwriting management information.
Self-motivated and proactive.
Strong organisational and planning skills, with the ability to prioritise and deliver results under pressure.
Ability to adapt to changing priorities and manage multiple deadlines.
Ability to interrogate large data sets and produce committee packs as required for regular meetings.
Good level of IT skills including Excel.
Highly numerate with strong analytical and problem-solving skills.
Excellent written and verbal communication skills and strong interpersonal skills.
Ability to work collaboratively and establish strong relationships.
As well as a competitive salary, discretionary annual bonus, and a minimum 26 days of annual leave (with the option to buy more), you will also get an excellent benefits package, including flexible, hybrid working, private health insurance, life assurance, income protection, enhanced pension contributions, and occupational maternity and paternity pay.
You will also have access to company volunteering days, an Electric Vehicle (EV) leasing scheme, an employee assistance programme with retail discounts and savings, a generous employee referral scheme and regular sports and social events.
PoloWorks is the leading provider of UK-based support services to the insurance market. We have built a strong reputation as dedicated and dependable experts in our field. We pride ourselves on our ability to be flexible, responsive, and knowledgeable.
As a leading service support company and turnkey managing agency, our clients choose us because our staff not only have the expertise but also a profound affinity with their business challenges. Our mission is to support, inspire, and develop the insurers of today and tomorrow.
Our clients, whether digital start-ups or well-established organisations, rely on the PoloWorks team to develop and strengthen their businesses. Our clients' goals are our goals. As such we design and deliver bespoke solutions to their specific business challenges.
Recognised as a Great Place to Work certified company and listed among the Best Workplaces in Financial Services & Insurance, PoloWorks is proud of its positive culture and commitment to its people. With offices in London and Cheltenham, PoloWorks has ambitious growth plans, offering exciting opportunities for anyone joining us on the next phase of our journey.
It's our mission to unleash the potential in every team, and we know that teams perform best when they are diverse and every team member feels that they belong. It is the unique contributions of all PoloWorks colleagues that drive our success, and we are committed to building an inclusive culture where everyone is empowered to do meaningful work and are recognised for their efforts. To that end, we are committed to providing an environment free of discrimination for everyone.
