Chaucer
Insurance
DelegatedAuthorityUnderwritingManager
Neural analysis suggests this role is
optimal for Mid candidates.
“Delegated Authority Underwriting Manager at Chaucer. Skills: Delegated Authority, Underwriting, MGA management, Binder management, Lloyd's regulation, Insurance knowledge. Overseeing and supporting across all of the Group’s delegated authority relationships. Performance reviews”
What You'll Achieve.
Providing good customer outcomes; Fair treatment of customers; Embedding DA strategy across all lines of business; Monitoring 'best practice' across all aspects of DA underwriting; Improving MGA pricing and rate change perspective; Improving aggregate management and monitoring perspective; Enhancing the oversight and controls framework
Industry & Context.
Analytical and strategic approach
What They're Looking For.
Must Have
MGA and binder experience, Knowledge of Lloyd’s DA regulation with regards to binders, Insurance knowledge, ideally across multiple lines of business, presentation skills, including Excel and Powerpoint, Analytical and strategic approach, ACII
Nice to Have
DCOM and ATLAS knowledge
What You'll Do.
Overseeing and supporting across all of the Group’s delegated authority relationships
Oversight and review of new and renewal business
Driving the DA strategy forward
Working closely with the DA Oversight team with regards to DA compliance
Building relationships with the underwriting teams
the Head of DA CoE and the Head of DA Oversight
Membership on the DA Underwriting Committee
Ownership of the DA ‘virtual’ P&L
building and implementing the underwriting focused DA framework across the Group
Cross Selling of products via MGAs
Supporting the on-boarding of DA business
Shaping the Group’s DA strategy
Embedding DA strategy across all lines of business
maintaining and monitoring ‘best practice’ across all aspects of DA underwriting
Supporting the Group’s DA data
MI and analysis ambitions
Designing and implementing DA MI and reports
Implementing DA ‘virtual’ P&Ls
Coordinating and overseeing the mid-year assessment of MGAs
Driving the DA Underwriting Committee (DAUC) and DA Underwriting Working Group forward
Assisting with ad hoc projects relating to Delegated Authorities
Attending broker and client meetings
Building a rapport with brokers and MGAs
Improving MGA pricing and rate change perspective
Improving aggregate management and monitoring perspective
Building business cases for writing new lines of business
Obtaining coverholder approvals
Enhancing the oversight and controls framework
Acting as a conduit between the DAUC and the underwriters
Carrying out market analysis in relation to DA business and best practices
Communication of the DA Strategy and underwriting stance and changes and improvements proposed
Supporting the Innovation team in relation to new and existing MGAs
Supporting and influencing the DA training program
Supporting the Active Underwriters of 1084 and 1176 in relation to all DA Lloyd's/PBO matters
Supporting the Head of Underwriting at CIC in relation to Central Bank of Ireland (CBI) matters
Complying with all policies and procedures
Ensuring due regard is paid to providing good customer outcomes and the fair treatment of customers
Compliance with Lloyd’s Byelaws and Minimum standards
Compliance with FCA and PRA requirements
Compliance with Central Bank of Ireland (Irish Regulator)
Ensuring that Customer Complaints are promptly identified
recorded and referred
Ensuring all required annual product reviews and fair value assessments for Chaucer Group are completed
Ensuring all Chaucer Group Product Governance processes in the UCM are followed
Ensuring that the principles of providing good customer outcomes and the fair treatment of customers are upheld by Agents and Service Providers
How You'll Work.
Team & Collaboration
Working closely with the DA Oversight team; Building relationships with the underwriting teams, the Head of DA CoE and the Head of DA Oversight; Working with underwriters and the DA Oversight team; Working closely with our Pricing team; Working closely with our Exposure Management team; Working with the Head of DA Oversight and their team; Utilising the Monthly DA Underwriters Meeting; Supporting the Active Underwriters of 1084 and 1176; Supporting the Head of Underwriting at CIC
Communication Scope
Excellent communication skills with the ability to liaise at all levels; Presentation skills; Communication of the DA Strategy and underwriting stance and changes and improvements proposed
Process & Methodology
Designing, building and implementing the underwriting focused DA framework, Designing and implementing DA MI and reports, Implementing DA ‘virtual’ P&Ls, Assisting with ad hoc projects relating to Delegated Authorities, Building business cases for writing new lines of business
Full Job Description
## Job summary Play a key role in the Delegated Authority Centre of Excellence (DA CoE) team, bringing together the Group’s DA portfolio. The role will involve overseeing and supporting across all of the Group’s delegated authority relationships, including MGAs, binders, lineslips and consortiums. This will include performance reviews, oversight and review of new and renewal business, driving the DA strategy forward and working closely with the DA Oversight team with regards to DA compliance, administration, operational, and governance. Building strong relationships with the underwriting teams, the Head of DA CoE and the Head of DA Oversight, the role will also include membership on the DA Underwriting Committee, while taking ownership of the DA ‘virtual’ P&L. ## Main duties * Play a key role in all aspects of our Delegated Authority book * Take responsibility for designing, building and implementing the underwriting focused DA framework across the Group, including the Cross Selling of products via MGAs * Proactively support the on-boarding of DA business, working with underwriters and the DA Oversight team * Help shape the Group’s DA strategy and take responsibility for embedding this across all lines of business * Develop, maintain and monitor ‘best practice’ across all aspects of DA underwriting and work closely with the DA Oversight team on non-underwriting, supporting a culture of continuous improvement * Supporting the Group’s DA data, MI and analysis ambitions * Design and implement DA MI and reports across the relevant Group and entity committees, as well as for use by the DA CoE, underwriters and senior management * Implement DA ‘virtual’ P&Ls at a Group, entity and divisional level, taking responsibility for each * Coordinating and overseeing the mid-year assessment of MGAs (and other DA methods of placement), in relation to performance and compliance/best practice * Help drive the DA Underwriting Committee (DAUC) and DA Underwriting Working Group forward,
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