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.
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