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Underwriting Operations Manager

High Finance (UK) Limited T/A HFG
Posted 21 hours ago, valid for 5 days
Location

London, Greater London EC1R 0WX

Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • A leading Lloyd's Syndicate in the City of London is seeking an Underwriting Operations Manager with over 5 years of experience in underwriting operations from an MGA or Syndicate environment.
  • The role involves overseeing underwriting operations, enhancing efficiency, and maintaining high service standards within the London Market.
  • Candidates must have a strong background in managing MGA operations, with expertise in product development, process improvement, and a deep understanding of underwriting operations.
  • Responsibilities include generating reports on underwriting performance, managing operational change, and identifying opportunities for automation to improve workflows.
  • The position offers a competitive salary, reflecting the candidate's experience and expertise in the field.

New Vacancy - Underwriting Operations ManagerCity of London Lloyd's Syndicate I am currently recruiting for a leading Lloyd's Syndicate who are seeking a Underwriting Operations Manager to join their growing team.My client is looking for someone with extensive experience in Underwriting Operations from an MGA/Syndicate environment. This role will be overseeing the underwriting operations, improving efficiency and maintaining a high standard of service from a London Market perspective. You will also be responsible for improving administration systems, reporting tools and much more.

The Role:

  • This position requires a candidate with experience in an MGA environment and in Lloyd's, with a strong background in underwriting operations.
  • Oversee underwriting operations, improving efficiency and maintaining a high standard of service.
  • Stay updated with London Market trends, regulatory changes, and technological advancements to ensure the business remains competitive.
  • Develop and provide monthly and quarterly metrics packs on KPI's on operational performance and progress, including ad hoc MI reports to the business
  • Generate and analyze reports on underwriting performance, providing insights and recommendations to senior management.
  • Responsible for operational change management, defining new business processes and ensuring business readiness leading to the successful implementation of new products, processes and IT solutions.
  • Lead capacity meetings and participate in business strategy discussions to align underwriting goals with company growth.
  • Work closely with the relevant teams to maintain and improve underwriting platforms, policy administration systems, and reporting tools.
  • Establish opportunities for automation within existing and new business processes.
  • Identify inefficiencies in workflows and lead initiatives to enhance productivity, automation, and service delivery.

What is Required?

  • A strong background in managing MGA operations (specialty market experience preferred) and 5+ years of experience operating in the London market across multiple lines of business
  • Deep understanding of underwriting operations and capacity management; claims processes, and financial controls.
  • Experience in product development and process improvement within the underwriting space.
  • In-depth knowledge of the insurance regulations, best practices, and market trends.
  • Solid understanding of the Bordereaux (BDX) lifecycle, including exception management, mapping, and cash allocation processes.
  • Efficient time management skills to prioritize tasks and meet deadlines in a fast-paced environment.
  • Strong leadership and management skills, with the ability to support and guide a small team.
  • Previous involvement in change management or digital transformation projects.
  • Proficiency in underwriting software (Advantage Go Navigator or Subscribe) and data analytics tools.

Apply now in a few quick clicks

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.