Senior Underwriter

Isle of Man
Our client seeks a Senior Underwriter to join their team.
Role: The role requires overall responsibility for a portfolio of captive (re)insurance companies and the provision of technical underwriting support across the team. The successful candidate will report to the Head of Office.
General Responsibilities:
  • Manage the day to day delivery of captive management services to a portfolio of clients, and be the primary point of contact for the nominated client companies, in relation to all (re)insurance management services.
  • Maintain an on-going relationship with nominated clients and gaining an understanding of the clients' business and industry.
  • Contact for Underwriting and Claims queries/information on captives.
  • Responsible for producing information, on a basis agreed with the client to enable the captive Board of Directors to make informed decisions.
  • To liaise with the parent company, insurance supervisor, insurers, brokers, reinsurers, auditors, directors, lawyers and actuaries to fulfil the above responsibilities.
  • To report to the Directors on all relevant activities.
  • Responsible for assisting (re)insurance companies under management to comply with Isle of Man Financial Services Authority (IOMFSA) regulations and filing requirements, together with company legislation and agreed guidelines.
  • You will have shared management responsibility to supervise a small team of captive underwriters and administrators.
  • Contribute to the wider Global Captive Practice joint initiatives in sales and marketing, including involvement in the preparation of feasibility studies.
Specific Responsibilities:
  • Production of detailed Underwriting accounts, review of premium and claims information, assist in budgets/forecasts preparation.
  • Liaise with insurers, brokers, reinsurers, risk consultants, loss adjusters in relation to the underwriting activities of the captives.
  • Inform on the impact to the technical result due to changes in underwriting performance.
  • Review all relevant contracts/policy wordings/agreements, in regard to underwriting and claims issues and to report to the Directors therein
  • Liaise with clients regularly and culture positive relationships including out of office hours entertaining.
  • Assist in coordinating quarterly Board meetings, including the production and issuance of Board packs and minutes for same.  
  • Presentation of information in a Board meeting environment.
  • Undertake presentations to both prospective and current clients, including preparation of material used at same.  
  • Arranging for payment of claims and related expenses subject to collating the appropriate documentation and authorisation.   
  • Review of files and procedures within the company.
  • Ensure compliance with all Group and Client Procedures.
  • Be aware of compliance requirements imposed on companies under management in IOM and the local Solvency requirements.
Key Skills & Experience:
  • Have experience of (re)insurance underwriting preparation.
  • Hold a professional Qualification and/ or 8+ years' insurance industry experience.
  • Have a track record working with commercial clients within an insurer, broker or advisory operation, or working within a corporate environment.
  • Have experience of Claims.
  • Candidates with Captive U/W experience and Life Assurance or Insurance Underwriting experience will be considered.
  • Professional outlook
  • Team player
  • Positive attitude
  • Confident
  • Organised
  • Ability to work independently and within a team
Your specialist: Sally Fenton
Quote job ref: 11090

Hi, I'm Sally and this is one of the job roles I am looking after for this super business. If this job is of interest for you, please submit your CV and we will come back to you to arrange the next staging.