Delegated Underwriting Manager

Coverys; City of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance provider in London is seeking an Underwriting Operations Manager to oversee the underwriting operations, manage MGA due diligence, and drive process improvements. The ideal candidate will have 5-10 years of experience in underwriting operations and a strong understanding of regulatory frameworks and technology. This full-time position offers a dynamic work environment in a caring and customer-focused company.

Qualifications

• Minimum 5-10 years experience in underwriting operations.
• Strong understanding of underwriting processes and technology.
• Experience in delivering process improvements.

Responsibilities

• Oversee delegated underwriting and claims operations.
• Manage due diligence and onboarding for new MGAs.
• Develop and implement underwriting control systems.

Skills

MGA due diligence

Bordereaux management

Process improvement

Excel

Power BI

Job description

Underwriting Operations Manager page is loaded## Underwriting Operations Managerlocations: Londontime type: Full timeposted on: Posted 4 Days Agojob requisition id: R25-850The **Underwriting Operations Manager** is responsible for the effective oversight and development of underwriting operations for Coverys International Insurance Company. This includes delegated underwriting management, bordereaux processing, underwriting controls, product oversight and outwards RI processing.## **Responsibilities:****Delegated Underwriting*** Effectively oversee delegated underwriting and claims operations* Manage due diligence and onboarding for new MGAs, binding authorities and TPAs* Manage annual MGA due diligence* Manage MGA/ TPA audit cycle and outsource monitoring in line with CBI requirements* Deliver and develop accurate MI packs, KPI dashboards, and portfolio performance reports to senior management**Bordereaux Processing*** Ensure the timely and accurate processing of bordereaux within agreed monthly SLAs for both CIIC and Coverys Limited* Provide finance with relevant premium data for month end process* Oversee outsourced service provider* Identify and implement improvements on the quality, timeliness and accuracy* Act as a point of escalation for service provider to resolve issues* Provide EPI tracking and provision of premium data to finance* Ensure data integrity across Bordereaux (BDX) lifecycle, cash allocation, and mapping processes* Deliver accurate MI packs, KPI dashboards, and portfolio performance reports to senior management**Underwriting Operations*** Support business planning and re-forecasting with data, performance metrics and analysis* Develop and implement underwriting control systems, procedures and reporting* Work with the business and the compliance team to ensure effective oversight of Conduct Risk and Product Oversight requirements* Manage and enhance IT systems and reporting tools* Support internal and external audits, ensuring adherence to underwriting risk and control frameworks* Collaborate with Finance, Actuarial, Risk, and Operations teams to align reporting and strategic goals**Outwards Reinsurance processing*** Production of outwards reinsurance bordereaux data in a timely and accurate manner**Operating Model*** Support the continuous development of the company operating model* Drive process improvements, automation initiatives, and digital transformation projects* Work with IT to develop and implement enhancements to system functionality* Provide administrative and operational support as required.* Support the analysis of new territories and opportunities## **Experience, Knowledge & Skills:*** Minimum 5-10 years experience in underwriting operations* Strong understanding and experience in MGA due diligence and audit management* Expertise in Bordereaux management, financial controls, and regulatory frameworks* Strong understanding of underwriting processes and technology* Experience of delivering process improvements* Proficiency in Excel, Power BI, and underwriting platforms* Proven track record in process improvement and automationIf you're a caring and customer focused individual who enjoys working with passionate team members, Coverys is the right company for you!