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Senior Underwriting Risk Reviewer

Role
You will be responsible for the control and mitigation of Underwriting Risk across the various businesses within the group. Reporting to the Chief Underwriting Officer the role will look at all factors which affect current underwriting processes and procedures.

Responsibilities
Undertake reviews of individual risk underwriting and the underwriting management function of the syndicates managed.
Identify the adequacy of information to understand and evaluate the exposures
Evaluate the underwriters’ approach to rating and assessing the risk, including methodology, terms and review the change in bottom line rates for renewals.
Assess terms and conditions of the risks noting any significant deficiencies or deviation from market norms or current business plan objectives.

Requirements
You will be expected to have a thorough risk and product knowledge including:

Understanding of product features, benefits, exclusions and warranties and application to various situations.
In depth knowledge of more complex legal principles, issues and regulatory requirements and the impact these have on the business.
You will be able to apply Risk Management techniques to processes and procedures as well as being able to review data and analysis done by others and make recommendations as appropriate.
Review systems and processes, identify shortcomings and suggest remedies. Be able to motivate others in order to achieve company and underwriting objectives.
Having a superior knowledge and understanding of pricing process and functions; be able to suggest effective underwriting considerations for non-standard risks, understand concept of risk and exposure and how each aspect of risk affects the underwriting profile.
Understand factors affecting capital adequacy requirements, insurer ratings, application of authority limits and the elevation process.
Ability to research changes within the marketplace and any forthcoming product developments.
Understand how each business area interacts; their staff; the structure; systems and processes.

In addition to the above skills, the successful candidate will be ACII and have significant Lloyd’s experience.

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