Assistant Underwriting Manager

Seeking an Assistant Underwriting Manager for General Business.

The Assistant Underwriting Manager is responsible for overseeing the general insurance operations, focusing on the development and execution of underwriting strategies aimed at driving sustainable growth and profitability. The ideal candidate will be adept at anticipating emerging industry trends and adapting strategies to align with underwriting guidelines, as well as legal and regulatory requirements.

Principal Duties and Responsibilities:

Operations

- Regularly evaluates portfolios and reinsurance arrangements to ensure compliance with underwriting standards. 

- Assist with the development and achieves targets outlined in the annual budget and business plan, analyzing trends and setting objectives for new business, renewal retention, projected loss ratio, and underwriting profit. 

- Assesses the quality and composition of portfolios across all business lines and operations to meet profitability goals. 

- Engages with brokers, agents, and other intermediaries to expand the network, foster strong relationships, and achieve business targets. 

- Contributes to initiatives focused on product and business development. 

- Provides technical expertise and guidance to the insurance company.

Compliance

- Ensures compliance with all legal, regulatory, and statutory requirements through careful monitoring and the use of effective systems. 

- Takes responsibility for the ongoing enhancement and optimization of systems and controls to consistently meet risk management, compliance, and service objectives. 

- Complies with Anti-Money Laundering (AML) policies. 

Reporting and Analytics

- Reviews underwriting policies and wordings, offering recommendations to ensure their relevance and adequacy. 

- Provides accurate and timely information for management meetings, reinsurers, regulators, auditors, and other stakeholders. 

- Monitors weekly, monthly, and quarterly reports, using insights to drive corrective actions when necessary. 

- Prepares forecasts based on analysis of market trends and business performance, generating reports and information to support executive decision-making and providing recommendations as needed. 

- Maintains both physical and electronic filing systems to ensure easy access and proper record-keeping in compliance with the company’s legal and regulatory requirements.

Qualifications and Experience:

• ACII, CPCU or equivalent tertiary level qualification in a related field.
• 5-7 years relevant industry and role experience.