Underwriter

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Underwriter

  • Location:

    United Kingdom

  • Contact:

    Piere Forbes

  • Contact email:

    piere.forbes@equitycity.co.uk

  • Contact phone:

  • Job ref:

    420

  • Published:

    about 1 month ago

  • Expiry date:

    2024-07-13

Job Title Underwriter
Department Affinity & Special Risks
Current Job Holder
Reports To
Head of Affinity and Special Risks
About the Company
Newline Group is part of Odyssey Re Holdings Corp., whose companies are collectively known as OdysseyRe. We are one of the world’s leading providers of reinsurance and specialty insurance with a network of more than 35 offices in 13 countries. OdysseyRe is wholly-owned by Fairfax Financial Holdings Limited.
Our guiding principles are:

To compound our mark to market book value by 15% annually

To promote long term growth in book value per share

To be soundly financed

To provide complete disclosure annually to our shareholders.
Overview of Role
To support the management of the Affinity and Special Risks portfolio with a specific responsibility for oversight of key coverholders and facility relationships.
Main Areas of Responsibility

Account management – managing the day-to-day oversight of the operation of the pet / consumer portfolio including review of bordereaux, reconciliation of premiums received, data quality assurance etc.

Relationship management – maintaining strong working relationships with the key underwriting and operations staff at PPL / coverholders

Business development – sourcing and converting new consumer business opportunities

Analytics – developing, analysing and interpreting full scope of MI to ensure maximisation of underwriting return, projections of underwriting results and ongoing profitability of the Affinity portfolio. .

Underwriting - working with coverholders to ensure appropriate underwriting standards observed including pricing, terms and conditions, bordereaux management, Conduct Risk aspects and overall consumer outcomes.

Pricing – working with pricing actuaries to develop and implement pricing strategy

Compliance – ensuring Newline minimum standards
Required Skills and Levels of Competence
Technical expertise

ACII/ALMI qualified or willing to work towards

Basic knowledge of actuarial pricing and being able to liaise with actuaries is preferable

A background of drafting and reviewing direct to consumer Policy Wordings

Possesses strong analytical skills

Has an understanding of financial issues and the key performance indicators that drive the business plan and determine the organisation’s success.

Understands the legal, financial and regulatory issues which affect the line of business.

Has the ability to negotiate to a mutually successful outcome

IT – strong Access, Excel, plus good level of Word, Outlook and Powerpoint
Core Competencies

Works effectively within a team.

Has a willingness to learn, develop and take on responsibilities within the team.

Is prepared to take ownership of tasks and ensure a successful outcome.

Is highly self-motivated with the ability to work independently.

Good communication skills.

Analytical thinker who demonstrates sound judgement and decision-making.

Produces consistently high standard of results with strong attention to detail.

Takes the initiative to tackle problems and improve processes.

Has strong organisational skills with the ability to prioritise work.

Abides by the Fairfax Guiding Principles.
Additional Information
Authority limits: see Letter of Authority
Employee’s Signature
Date
Manager’s Signature
Date