Our Underwriting & Distribution (U&D) division within PIB Group is seeking a Group Chief Underwriting Officer to operate within its MGU space.
The purpose of the job is to own and execute on the Underwriting and Capacity Strategy of U&D to deliver sustainable growth in profits in keeping with the objectives of Underwriting & Distribution and PIB Group, whilst delivering profit targets agreed with insurers.
Critical strengths/experience should be demonstrable as regards:
* Technical & portfolio underwriting
* Commercial & strategic execution
* Capacity network / relations
The ideal candidate will be a strategic thinker with a strong background in portfolio management including pricingin a commercial insurance environment.
Key Responsibilities:
* Binder Management: it’s governance, oversight, the maintenance of operational systems and production of periodic MI to enable such oversight
* Underwriting Performance Management: manage the Underwriting performance at a portfolio level, using portfolio techniques to protect capacity arrangements and deliver U&D objectives
* Capacity Management: Manage insurer relationships from an underwriting perspective; seek out new capacity opportunities; ensure new and existing capacity relations, terms and structures are optimised; develop the capability to manage own capacity arrangements within the MGU
* Product oversight and governance: setting up and monitoring schemes with Insurers and compliance with PROD requirements as a Distributor and/or manufacturer and pricing
* Team management: Lead and successfully manage the MGU team of Portfolio Underwriters, Pricing and data executives. Deliver employee engagement within the team; build a positive culture in line with PIB Group philosophy, championing collaboration and an open, transparent communication style
* Stakeholder management: Collaborate with U&D business units MDs and their front line teams, as well as other departments (Risk & Compliance, Finance, People, Distribution & Operations) to ensure seamless integration of underwriting objectives and processes
* Personal responsibilities: Ensure adherence to legal and regulatory policy and guidelines including all PIB Group policies and procedures to maintain the company’s regulatory requirements and business ethics; develop strong relations with key partners and stakeholders and act as the focal point of contact for them; communicate strategic direction, operational decisions and sales perspectives to business teams, internal and external partners; assume CF responsibilities in line with relevant Statement of Responsibilities
* Continuous relevance: Maintain knowledge of the insurance markets and industry; monitor the marketplace to identify, assess and make recommendations about business opportunities and/or threats presented by new and/or emerging risks or competitors
Person specification
Essential:
* ACII – Chartered Insurance Broker and/or Business Administration / Management qualification
Desirable:
* Bachelor’s degree in business, finance, or related field; Master’s degree preferred
Experience
* 15+ years experience in underwriting & commercial insurance
* 5+ years experience in a similar role
* Proven record in developing profitable strategies and growth
Knowledge
* Strong understanding of general insurance products, regulatory framework
* Strong understanding of performance management principles
* Familiarity with diverse business functions such as marketing, PR, HR, Finance etc
* In-depth knowledge of corporate governance and general management best practices
* In depth knowledge of the UK insurance industry
Skills
* Analytical abilities and problem-solving skills
* Excellent communication and leadership skills
* Ability to drive change in a fast paced environment
Attitude
* Highly collaborative and positive
* High personal integrity
* Resilient and able to work with ambiguity
Why Join Us?
* Competitive salary and benefits package
* Flexible working and holiday options
* Pension, enhanced parental leave, and life insurance
* Discounts on technology, travel, and leisure
* Learning and development opportunities
* Volunteering and charity support days
Join a company that values innovation, growth, and its people. Apply now to take the next step in your career.
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
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