Underwriting Governance Specialist Role This position is responsible for assisting the Underwriting Governance Manager in delivering the audit plan following up on audit findings and helping with associated underwriting controls activities.
The role will assist the Underwriting Governance Manager with the management of the underwriting governance framework, particularly associated with underwriting authorities, breach analysis and exception reporting.
Job Description
Maintain a robust approach to underwriting controls within appropriate timescales for the entire organisation - this will involve strong communication and organisational skills and closely liaise with the Business Unit Heads and the senior underwriting team.
Undertake Lloyds and Company full audit and new business reviews of underwriting teams across all UK and European offices.
Comply with all applicable legal and regulatory requirements and ensure appropriate measures are in place to ensure this compliance.
Ability to assist the Underwriting Audit Manager with development and expansion of the underwriting audit framework.
Support the communication of the underwriting audit results to the Underwriting Audit Manager and providing regular reports to the relevant Business Unit Heads, senior management and the Underwriting Committee.
Monitoring and managing actions arising out of underwriting audits to ensure completion in a timely manner and producing monthly reporting on the status of outstanding actions.
Ensure that all authorities are reviewed on an annual basis and that all new starts are processed appropriately.
Support the development of the underwriting systems to promote remote auditing.
Manage the controls associated with authoring Peer Review across the business.
Skills, Knowledge & Experience
Knowledge and experience of both Lloyd’s and the company markets.
Solid communication and presentation skills with the ability to manage difficult conversations.
Solid knowledge and experience of either a technical area, underwriting a commercial line of business or a role in compliance for a commercial insurer or syndicate.
Good report authoring skills as the role will involve drafting several reports to stakeholders.
Effective time management to ensure completion of the underwriting audit timetable set by the Underwriting Governance Manager.
Beneficial
Language skills in any or all the following: French, German, Italian and Danish would be beneficial.
