Overview

New Vacancy - Underwriting Performance Lead — Lloyd's Insurer, City of London | Hybrid. The role will manage a mixture of multi-class portfolios, assess Underwriting Performance and other key metrics, with the main goal of improving profitability in Underwriting and engaging with senior stakeholders (CUOs, etc.).

The client is seeking someone with extensive experience in Underwriting, Portfolio Analysis and related areas to support underwriting performance and profitability.

Key Responsibilities

• Act as the primary underwriting performance contact for Managing Agents.
• Oversee and assess underwriting profitability through performance benchmarks and metrics.
• Identify and mitigate underwriting performance issues.
• Support the approval and monitoring of Syndicate Business Plans (SBFs) throughout the planning cycle and mid-year updates.
• Align activities with the Corporation's strategic objectives to ensure sustainable syndicate underwriting performance and profitability.
• Ensure underwriting plans are logical, realistic, and achievable.
• Ensure appropriate portfolio oversight and management by syndicates.
• Serve as the lead day-to-day contact for underwriting matters with assigned Managing Agents.
• Provide independent challenge and regulatory oversight on underwriting issues at the syndicate level.
• Understand and assess the broader strategic ambition of each syndicate.
• Evaluate SBFs to ensure they are logical, realistic, and achievable; prepare them for Capital and Planning Group (CPG) review.
• Monitor ongoing execution of SBFs, assess material changes, recommend action plans, and escalate to Senior Management or CPG as necessary.
• Review syndicate underwriting performance against approved SBFs (for all open years), considering business priorities and strategy.
• Complete internal Quarterly Business Reviews (QBRs) across assigned syndicates, reporting on financial and non-financial positions.
• Review Performance Management Data Return (PMDr) quarterly to assess written premium, risk-adjusted rate change, and price adequacy; address deviations from the plan.
• Conduct PBO assessments under the Underwriting Profitability Principle; provide guidance to improve syndicate standards.
• Review syndicate Own Risk and Solvency Assessments (ORSAs) and provide feedback to Lloyd's Oversight team.
• Report regularly to senior management on syndicate performance, identifying key issues and suggesting actions to address underperformance.
• Document findings and decisions in Dynamics and QBRs.
• Prepare feedback for the Prudential Regulation Authority (PRA) on syndicate performance and monitoring.
• Collaborate with Account Managers and Market Development to ensure effective engagement with Managing Agents.
• Participate in cross-functional project groups to address evolving market conditions and stakeholder expectations.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• General Business
• Industries

Please note: This description focuses on responsibilities and role requirements; other postings and boilerplate found in the original source have been omitted to improve clarity.