Underwriting Portfolio Manager - P&C

  • Job Reference: 213988
  • Date Posted: 10 May 2024
  • Recruiter: hireful
  • Website: http://www.pibgroup.co.uk
  • Location: Leeds
  • Salary: On Application
  • Sector: Insurance & Superannuation
  • Job Type: Full Time Flex
  • Work Hours: Full Time

Job Description

The Role: Underwriting Manager P & C

To support the CUO and Portfolio Director with underwriting expertise to help build, analyse and review underwriting plans- liaising regularly between insurers and the MGA in the development of underwriting strategy specific to binders/insurer and in developing and monitoring best practice underwriting standards across the business.

  • Attend insurer meetings -both formal and ad hoc -and produce or provide inputs to those meetings as required and work with the MGA to implement agreed underwriting and pricing strategy 
  • Analyse data and provide key findings and recommendations
  • Monitor loss ratio targets by binder and recommend corrective action
  • Build underwriting plans for finalising and approval within the MGU and with insurers 
  • Work closely with the business teams and technical managers to understand performance issues
  • Provide impact analysis of proposed portfolio changes 
  • Model and present adhoc data for capacity partners and support the selection and securing of new capacity partners
  • Support the MGU in areas where a consistent approach to underwriting best practice needs designing and implementing  
  • Liaise with technical managers within Q Underwriting to develop best practice and a systematic approach to technical underwriting eg technical peer review, licence frameworks, training and development frameworks . 
  • Monitor adherence to appropriate underwriting standards 
  • Support proposition development and implementation for both new and existing binders

The ideal candidate should possess excellent knowledge and understanding of the London Market Insurance Industry, and be enthusiastic and conscientious. The key responsibilities of the role are:
  • ACII or progress towards
  • Technical underwriting experience in either Property or casualty insurance 
  • Experience gained form an insurance company background in an underwriting role
  • Some experience of working within a portfolio team would be of benefit 
  • Some knowledge of delegating underwriting would be of benefit.
  • Understanding of underwriting calculations – loss ratio, ultimate loss ratios, combined ratios, accident year and underwriting year basis of calculation. 
  • Ability to analyse data and trends and draw conclusions form key data sets
  • Strong working knowledge of excel and powerpoint
  • Solutions focused underwriter 
  • Profit and growth approach

Further information
 As well as a competitive salary we offer the following benefits -
  • Competitive holiday allowance with the annual option to buy additional days 
  • Death in Service benefit of x4 salary
  • Company pension scheme
  • Enhanced maternity and paternity leave packages
  • A flexible benefits package which allows you to add additional benefits to your overall package
  • Our benefits portal offers discounts on technology & electronics, cinemas, restaurants, days out, mortgage advice, travel and many more
  • Referral schemes 
  • Discounted rates on PIB products
  • We offer a first-class employee benefits and welfare package to support our employees with financial management, cycle to work scheme, counselling support, health screening, will writing, menopause support, books, stopping smoking and much more
  • We also offer a wide range of discounts including a kids pass – giving you discount to over 4500 attractions and activities, discounts at hairdressers and beauticians, climate change projects with lots of other options to choose
  • PIB has a comprehensive learning & development framework, including professional study options and apprenticeships which are available to all employees, and which will support your career development
  • Being a part of our PIB Community Trust, we support fundraising where you can apply for grants from PIB Group towards your chosen charity
  • PIB Group are committed to improving their environmental impact in a responsible way. From the individual actions that our colleagues take every day through to installing the right facilities across our premises, there are many measures in place to help reduce PIB’s carbon footprint.
Why join us?
We are proud of our success and growth and have been recognised for many industry awards across our business.  If you wish to work for a company that truly puts people at the heart of their organisation, then we would love to hear from you.  PIB operates a flexible working policy, and our management teams will talk to you about how that would meet both your flexible working needs and those of the business and role you are applying for. We would love to hear from you if you want to hear more about opportunities in PIB. 

We are an equal opportunities employer, committed to hiring a diverse and inclusive workforce. We do not discriminate on the basis of race, colour, gender, religion, disability, age, sexual orientation or any other characteristic protected by law.

REF-213 988