International Product & Underwriting Quality Lead

at  The Hartford

London, England, United Kingdom -

Start DateExpiry DateSalaryPosted OnExperienceSkillsTelecommuteSponsor Visa
Immediate25 Aug, 2024Not Specified26 May, 2024N/ALloyds,Actuaries,Product Management,Communication Skills,Analytical Skills,Underwriting,Analytics,Financial Concepts,NegotiationNoNo
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Description:

INTL Underwriting Manager I - UQ06YZ
We’re determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals – and to help others accomplish theirs, too. Join our team as we help shape the future.
The Int’l Product & Underwriting Quality Manager will be responsible for supporting the Int’l Chief Underwriting Officer through product and quality management with oversight of the underwriting control framework. Working with the business divisional leaders on the development of International’s products and managing the day-to-day underwriting governance activities. Additionally, this role will oversee the Delegated Authority function within International.
Reporting lines: Direct: International CUO. Dotted line: Head of Underwriting and Product, GS Chief Underwriting Office. Strong partnership with GS Product and Underwriting team and International Business Practice Leads.

Job Responsibilities & Competence

  • Develop and maintain underwriting guidelines and underwriting authority documentation.
  • Provide internal training and collaborate with peers and UW community.
  • Work closely with the Int’l Chief Underwriting Officer and senior leaders and stakeholders throughout the organization to identify trends, and develop recommendations for product improvement, as needed.
  • Support the Int’l CUO in advancing pricing and portfolio segmentation for portfolio analysis and shaping.
  • Support underwriting on key business initiatives and maintain relationships throughout the organization to support multi-functional problem solving and execution and input across all levels of the business.
  • Develop insight into competitors’ strengths, weaknesses and strategies and leverage to drive profitable business and increased market penetration.
  • Assist in the review, draft and maintenance of the suite of policy forms and corresponding endorsement libraries for international.
  • Provide recommendations to keep products current and appropriate for industry needs (competitiveness, profitability and compliance).
  • Work with the International business practice leads to continuously research the competitive landscape, economic, industry, product, risk assessment and financial metrics to determine recommendations for new product/coverage opportunities and strategies.
  • Oversee and support the Int’ Delegated Authority Manager to ensure internal procedures are kept up to date and remain effective, including ensuring compliance with Lloyd’s expectations, regulatory developments and internal underwriting governance and risk appetite.

Qualifications & Capabilities

  • Relevant experience within International marketplace including London Markets and Lloyds; focus and expertise in product & underwriting for International Lines including Marine & Energy, Casualty, Financial Lines, and Political Risks strongly preferred
  • Superior understanding of Product Management & Product Development, inclusive of policy form development and interaction with actuaries and reinsurers.
  • Strong understanding of all aspects of underwriting execution
  • Ability to use data and analytics to understand performance trends
  • Understanding of financial concepts
  • Strong project management, negotiation, influencing, legal and analytical skills
  • Ability to absorb multi-disciplinary input and translate into effective actions
  • Strong communication skills, both oral and written
  • Ability to collaborate to drive effective partnerships and deliver outcomes
  • Demonstrate ability to influence and motivate across functional teams
  • University degree strongly preferred

Responsibilities:

  • Develop and maintain underwriting guidelines and underwriting authority documentation.
  • Provide internal training and collaborate with peers and UW community.
  • Work closely with the Int’l Chief Underwriting Officer and senior leaders and stakeholders throughout the organization to identify trends, and develop recommendations for product improvement, as needed.
  • Support the Int’l CUO in advancing pricing and portfolio segmentation for portfolio analysis and shaping.
  • Support underwriting on key business initiatives and maintain relationships throughout the organization to support multi-functional problem solving and execution and input across all levels of the business.
  • Develop insight into competitors’ strengths, weaknesses and strategies and leverage to drive profitable business and increased market penetration.
  • Assist in the review, draft and maintenance of the suite of policy forms and corresponding endorsement libraries for international.
  • Provide recommendations to keep products current and appropriate for industry needs (competitiveness, profitability and compliance).
  • Work with the International business practice leads to continuously research the competitive landscape, economic, industry, product, risk assessment and financial metrics to determine recommendations for new product/coverage opportunities and strategies.
  • Oversee and support the Int’ Delegated Authority Manager to ensure internal procedures are kept up to date and remain effective, including ensuring compliance with Lloyd’s expectations, regulatory developments and internal underwriting governance and risk appetite


REQUIREMENT SUMMARY

Min:N/AMax:5.0 year(s)

Insurance

Banking / Insurance

Insurance

Graduate

Proficient

1

London, United Kingdom