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Director, Underwriting Policy & Governance

1 Days Old

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.Head of Underwriting GovernanceOverview:The Head of Underwriting Governance will lead the ongoing development, review and administration of enterprise underwriting policy, guidelines, and authorities. Leveraging AXIS’s underwriting, pricing and portfolio management subject matter experts, and with support from Business Technology Solutions (BTS), the Head of Underwriting Governance will continue the buildout of processes, systems and libraries that will enable underwriting to work more efficiently and effectively, optimizing underwriting outcomes and ease of doing business through efficient, yet rigorous, governance processes.Responsibilities:Provide assurance that necessary underwriting disciplines and standards are adhered to; ensure appropriate underwriting guardrails and best practices are in placeDevelop, implement, and monitor the underwriting decision-making framework, including (technical) underwriting policy and the peer review frameworkDevelopment, review and administration of underwriting authorities, referral processes and guidelines; ensure underwriting guidelines and authorities are aligned to risk appetites, correctly documented and reviewed regularly; facilitate business review, pre-referral and other relevant underwriting-focused meetingsDevelop and ensure the consistent application of underwriting guidelines including the incorporation of ESG and climate change factors; review regularly and stay informed of related trends and developmentsOversee the (qualitative) management appetite framework and ensure business units operate within agreed appetites and controlsEngaging with the appropriate subject matter experts, ensure where relevant that underwriting is conducted consistently across all platforms and the risks we take on are in line with respective plans and appetitesLead training of the underwriting and pricing teams on all aspects of the underwriting governance process, including the authority structure, guidelines and manualsAssist with the management and review of Delegated Underwriting Authorities (DUA), and input into the design and process of delegated underwritingOwn/establish the UW file review and audit process, undertaking file reviews and communicating the findings and recommendations; ensure risks meet quality standards and comply with underwriting guidelinesEngage with IT on the development of tools as required, including the creating of a document management system for use by the underwriting teamsWork with Operations and Risk functions to ensure that each UW Division / Legal Entity has an appropriate underwriting control framework, that processes and procedures are in place and that hygiene metrics are regularly monitoredDealing with ad hoc requests from various stakeholders as they pertain to underwriting governance activitiesEnsure that appropriate controls and processes operate to mitigate risk around data quality and information risk, and contract wordingsUse formal reporting mechanisms to promptly notify relevant parties of any perceived new risks or other relevant underwriting-related topicsMembership of the Conduct Oversight Group with special reference to high-risk productsKey Skills & Qualifications:At least 15 years’ experience of P&C (re)insurance underwriting, or similar, experience across a wide range of lines of business and geographiesDeep understanding of technical underwriting issues including risk assessment, exposure monitoring/control, wordings, bespoke structural features and accounting/capital implicationsWell-developed knowledge of (re)insurance practices, procedures and governanceAbility to manage complex projects and deliver outcomes using influencing skills on geographically diverse teams with a wide range of experience levelsDemonstrate ownership and delivery of complex projectsWell organized and used to delivering projects in a timely mannerExcellent verbal and written communication skillsAbility to communicate effectively with senior managementAbility to work collaboratively within and across teamsDegree or equivalent experience #J-18808-Ljbffr
Location:
Greater London
Job Type:
FullTime