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Underwriting Governance Partner

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The details


Job: Governance Partner
Pay: Up to £65,000

Location: London/Hybrid
About the Department & Team:
First line Governance has been set up as a first line underwriting support function. The main objectives of the team are:

  • To provide an overall view of the underwriting controls in place for all Underwriting Platforms and Teams across the business.
  • To provide support to the Independent Review process and ensure actions are tracked and followed up to resolve.
  • To ensure that the business obtains confidence that the underwriting controls and strategic plans are being complied with; and
  • To establish and maintain the underwriting control framework of which underwriters are required to operate, and will be monitored against.
  • To monitor, evaluate and independently challenge underwriting exceptions and underwriting governance frameworks.
  • To provide challenge to the underwriters, and hold them to account in respect of adherence to the Underwriting Controls and Procedures.
  • To ensure that the business, and the Regulators (including Lloyd’s) obtain confidence that the business is exercising effective control of internal Underwriting processes.

Key Responsibilities: 

  • Keep accurate records and documentation to maintain a suitable audit trail which demonstrates the investigation and conclusion of exception reporting queries.
  • Providing support to the Underwriting Governance Management team in respect of any strategic developments and projects across Underwriting Governance.
  • Maintain the first line of defence framework and processes to ensure compliance with underwriting governance and controls.
  • Analysing and the thorough investigation of all governance/control reports for underwriting authority exception and peer review across the business.
  • Maintain and report underwriting control adherence / exception reports, identify trends and suggest remediation and improvements.
  • Partner with assigned underwriting classes/divisions, to provide independent challenge on matters concerning underwriting governance.
  • Reporting and presenting on behalf of Underwriting Governance to relevant Underwriting and legal entity Committees / Groups.
  • Provide support to the Independent Reviewers, and the associated classes to ensure all actions and trends are monitored, tracked and resolved.
  • Provide project support and ongoing maintenance of the timely update and production of the Underwriting Controls document and any associated training.
  • Leverage common processes and technology to drive efficiency and simplicity across products and functions, and where applicable across regions.

Skills and Experience:

  • The ability to manage and prioritise multiple initiatives.
  • Demonstrable experience of providing robust, fair and independent challenge with stakeholders
  • Ability to work collaboratively within a team.
  • Knowledge and experience of both Lloyd’s and the company markets.
  • Solid communication and presentation skills with the ability to manage difficult conversations.
  • Solid knowledge and experience of either a technical area, underwriting a commercial line of business or a role in compliance for a commercial insurer or syndicate.
  • Solid analytical and problem-solving skills, able to identify, analyse and resolve issues.
  • Knowledge of Microsoft Office Suite as well as other business-related software.
  • Good report authoring skills as the role will involve drafting a number of reports to stakeholders.
  • Ability to work in conjunction with a number of key departments including Underwriting, Legal & Compliance and Internal Audit.
Applications Closed