The role
We are looking for a dynamic, detail oriented Underwriting Governance Analyst to support our Underwriting Governance Team with a variety of activities that ensure underwriting across the business, including our MGAs, operates within a disciplined, well-controlled framework. This entry level role provides an excellent opportunity to develop analytical and technical skills. Working in a small team, you will assist with analytics and operation of underwriting governance controls and work closely with underwriting teams and other functions in a collaborative, fast-paced environment in the London Insurance Market.
Key accountabilities
*Support and operate our underwriting governance framework.
*Operate underwriting-related internal controls.
*Manage data collection and perform analysis for a number of UW Governance processes, including delivering Key Performance Indicators to our clients.
*Assist in maintaining key data sets in support of underwriting.
*Provide support for the quarterly Expected Premium Income (’EPI’) review process.
*Manage and oversee exception reporting and analyse results.
*Conduct file reviews, thematic audits, and quality assurance activities across all lines of business.
*Support the Head of UW Governance in aligning our business plans with governance requirements and the risk appetites of capacity providers.
*Maintain UW Governance policies and procedures.
*Maintain action plans arising from internal reviews and audits, and follow up on remediations.
*Maintain UW Authorities
*Assist in preparation of training materials and coordinate workshops.
*Assist with preparation of regulatory returns.
*Assist with the coordination of external underwriting audits.
*Support strategic UW Governance projects.
Skills & experience
*A degree in a numerate or analytical subject
*Some knowledge of insurance or placement experience would be advantageous
*Excellent communication, stakeholder and interpersonal skills to work effectively and professionally with a diverse group of underwriting teams
*Strong Excel skills and a methodical approach to working with Data together with competency in other MS Office applications (e.g. Word, Adobe)
*Willingness to learn SQL, Power BI (other analytical tools) and a strong interest in developing insurance knowledge and concepts (with particular focus on Underwriting)
*Excellent attention to detail and ability to spot data anomalies
*Demonstrable experience of working in fast paced environments (not necessarily in Insurance) with the ability to problem solve and react quickly to changing priorities within tight deadlines.
*Ability to self-lead and work effectively both independently and with teams.