Delegated Authority Underwriting Director

Delegated Authority Underwriting Director

We are working with a highly successful and dynamic global insurance company who would like to supplement their Senior Team with an experienced Underwriting Director for their Delegated Authority business.

The role is primarily accountable for the development, implementation and oversight of the effective governance frameworks and regulatory requirements of a delegated portfolio spanning both UK & European jurisdictions and wholesale and retail platforms.

As Delegated Authority Underwriting Director you will:
Work partnership with key stakeholders accountable for the development, management and adherence to all internal and external governance frameworks, procedures and policies.
Be accountable for the ongoing monitoring and reporting of new and existing delegated business/proposals, identifying key risks for non-compliance, working with the business to understand reasons for non-compliance and resolve any conflict.
Be accountable for the on-boarding and disposition management of Cover-holders/Binders.
Be pro-active engagement and education of underwriting around company approach and appetite to delegated business, accountabilities, role and responsibilities.
Participate in and actively oversee the approval processes for new Delegated Underwriting arrangements as identified by the underwriting community.
Partner with theRisk team to ensure an effective risk and reporting framework is in place and is proactively reported on, escalating to the appropriate channels where required.
Effectively address non-compliance of governance frameworks with the ability to resolve complex business issues in relation to delegated business in a collaborative manner.
Monitor the performance of the portfolio and provide relevant and timely management information relating to cover-holder performance.
Be a leading member or participant of the Underwriting Committee&Risk Committeeyou will provide proactive and meaningful business updates and reports covering all aspects of the delegated portfolio, identifying potential issues and/or trends and escalating as required.
Chair and management the Delegate sub-committee meetings, ensuring meaningful content outcomes and actions that are proactively and followed up and resolved on a timeline basis.
Take an active role in the relationships with Lloyds and relevant regulators across UK and Continental Europe.

As Delegated Authority Underwriting Director you will have:

Significant and demonstrable experience of leading a delegate underwriting function is essential.
Knowledge and experience of either a technical area or underwriting a line of business; deep understanding of the insurance industry and commercial products.
Experience within a similar role adhering to compliance requirements across both wholesale and retail business.
Essential experience in working in a complex matrix organisation (preferably with a US parent company).
Circa 8 years of experience in insurance and within the delegated underwriting discipline. Including at least 5 years in a leadership role.
Must be proactive and comfortable taking personal accountability whilst working in a collaborative and high pressured environment. Excellent analytical and problem-solving skills.
Ability to communicate and collaborate effectively with executive leadership, peers, and external stakeholders.
Good matrix management skills and ability to balance competing priorities in time sensitive situations.
Able to foster working relationships within the team, client departments, and 3rd parties with ease.
Superb written and oral communication skills, able to produce meaningful documentation for both senior stakeholders and technical delivery teams.
Excellent interpersonal, consultative and communication skills. taff.
As Delegated Authority Underwriting Director you will get:
Good six figure salary
Excellent pension and bonus structure
Extensive benefits package