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Underwriting Risk Analyst

  • Location

    London

  • Discipline:

    Risk Management

  • Job type:

    Permanent

  • Salary:

    30000 - 32000

  • Consultant:

    Periklis Alygizakis

  • Email:

    palygizakis@merje.com

  • Job ref:

    PA/16052

  • Published:

    16 days ago

I am looking for an Underwriting Risk Analyst to support and assist the Risk & Governance team and the wider business with all Underwriting Risk matters for my insurance client.

You will provide control, ownership and management support of the Underwriting Risk area of the team including the Audit process for Sub Cover holders and Insurers, Peer Reviews and all team wide projects.

Your Key Responsibilities:

  • Lead the Audit process across all teams, coordinating Insurer Audits, the annual Lloyds Audit, external claims audit and all Underwriting Sub cover holder Audits working to an agreed timetable and effective management of all resultant Audit actions
  • Responsible for providing action tracking to all action owners requesting updates and working towards action closure in alignment with action timeframes to avoid actions becoming overdue
  • Effective processing of all Insurer, Lloyds and Sub Cover Holder Audit reports including understanding Audit findings, Action requirements and accurate logging to the Audit Action database
  • Ownership for processing all Sub Cover Holder Audit Invoices for payment in alignment with budgeting requirements
  • Assist with the Sub cover holder Auditor selection process including drafting of proposition review documents
  • Underwriting Peer Review Framework
  • Responsible for the efficient delivery of the Underwriting Peer Review process across all Underwriting teams
  • Implementing agreed changes to the platform, question bank and questionnaire used to deliver the Peer Review process across all Underwriting teams
  • Collating data in respect of monthly returns to distribute mid-month status and end of month completion reports to all teams
  • MI Reports and Database Management
  • Production of Audit action reports for internal Business Units, Insurers and with the Governance Committees
  • Effective management of the Audit Action database
  • Risk Committee Management Pack and Slides
  • Assist with the production of MI reports and supporting information across the Risk & Governance team covering Peer Review, Insurer and Sub Cover Holder Audits and so forth for the monthly Pen Risk Committee
  • Work closely with the Risk & Governance Director to assist in all applicable updates to the underwriter licence framework ensuring regular reviews of licence levels and changes to authorised persons
  • Support the Conduct & Regulatory Risk Manager with the Regulatory Mediation Activity Return (RMAR) for Pen Underwriting
  • Assist with amending and adapting business process to reflect changing regulatory needs and requirements
  • Working alongside the Risk & Governance Director, Conduct & Regulatory Risk Manager and colleagues across Gallagher to help implement and manage project work ensuring a smooth implementation as appropriate

Skills, Experience and Qualifications:

  • You're educated to degree standard with a willingness to undertake CII / ICA qualifications as part of your personal development
  • Knowledge of general insurance products, services, classes of insurance including underlying legal principles and practices
  • Working well with team members, you've excellent communications skills coupled with the ability to plan and deliver a demanding workload
  • We are looking forward to your proficient and competent Microsoft Excel skills and the confidence of which you solve database errors and produce MI reports
  • You will have the confidence to liaise with colleagues across the company and wider group business and be the lead on all Insurer and Sub Cover Holder Audits
  • Results focused and target driven, you're ambitious when it comes to using your initiative to help others You're highly organised and work to a high standard of accuracy

Eligible to work within the United Kingdom