Portfolio Solutions Underwriter
The Portfolio Solutions team provides capacity to consortia, broker facilities, MGAs, and cover holders on a delegated authority basis across a wide range of product lines, creating a well‑diversified and profitable portfolio.
This role is responsible for assisting the CUO, Portfolio Solutions in underwriting, performance management and portfolio management of the account. The role will also assist the CUO, Portfolio Solutions in developing and delivering the strategy to achieve profitable growth of the account. In addition, the role will build and maintain relationships with external partners, such as brokers and cover holders, to attract business to the company.
Responsibilities
* Underwrite new and renewal portfolios, exercising judgement in all underwriting matters, and remain aware of own underwriting limits as set out on the Underwriting Authority sheet, all in accordance with the Underwriting business plan; referring to CUO Portfolio Solutions when appropriate.
* Ensure the effective management of the portfolio, including performance, EPI monitoring, referrals, bordereaux management, rate movement, claims trends, regular reviews, underwriter visits and audits; referring to CUO Portfolio Solutions when appropriate.
* Conduct and develop effective relationships with cover holders and brokers, strengthening existing trading relationships and securing new business that falls within the Underwriting business plan.
* Discuss new opportunities, deal pipelines and ideas with the wider underwriting and distribution team to ensure knowledge sharing and alignment.
* Monitor and analyze the performance of the in‑force business through relevant metrics, noting any deviations from the business plan and taking corrective action where necessary.
* Embed a data‑driven approach to underwriting that incorporates commerciality to achieve profitable growth.
* Work collaboratively with colleagues in other classes of business to deliver profitable portfolio business and avoid potential misalignment.
* Work collaboratively with internal stakeholders (delegated underwriting, pricing and reserving, claims, capital and exposure management) as required.
* Assist in strategy setting, business reporting and business planning activities.
* Attend and contribute to regular and ad‑hoc Portfolio Solutions team meetings, meetings with colleagues within MRS‑G, and meetings with cover holders, brokers, suppliers and other entities.
* Actively engage with the market to understand opportunity and market trends.
Knowledge and Skills
* University degree and/or relevant professional qualification.
* Strong work ethic, with drive and accountability.
* Extensive experience in underwriting, pricing, distribution or exposure management functions of insurance companies (commercial/specialty focused preferred).
* Previous experience of underwriting delegated authority business.
* Strong analytical, numerical and quantitative skills.
* Excellent presentation, prioritization and time management skills.
* Excellent stakeholder management and influencing skills.
* Ability to understand complex structures and clearly articulate them to stakeholders.
* Ability to analyze large and complex datasets and make data‑driven/ informed decisions.
* Highly computer literate, able to use spreadsheets, databases and learn new systems.
* Capable of developing and maintaining effective cross‑functional relationships at all levels.
* Ability to multi‑task and manage conflicting priorities to meet tight deadlines.
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