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The candidate will work independently to ensure Professional Indemnity & US Liability Insurance risks are captured within Fortegra’s systems. This is imperative to feed Fortegra accounting systems, provide MI to reinsurers, underwriters and for portfolio management purposes.
- Undertake sanction/compliance checks on risks and handle internal/external data requests
- Manage data input/output in relation to delegated contracts.
- Support underwriting team with underwriting administration as required
- Additional duties to manage underwriting and pricing data quality, output, MI.
- Review and manage MI for risks written and wider support across portfolio where required.
- The scope mainly covers Professional Indemnity, Financial Lines and Casualty classes for business in the UK and Europe, North America, and some international business & US Liability risks.
- Will be a work in the office role
Key Accountabilities
- Data input into IMS policy system & other Fortegra systems
- Management of underwriting bordereaux systems
- Sanction / compliance checking of risks
- Management of input/output of data re market systems e.g., PPL
- Support underwriting team with underwriting administration as required
- Management of data from delegated clients and within Fortegra systems
- Monitoring of EPI against plan
- Management of underwriting bordereau
- Close liaison with underwriting team to support
- Provide underwriting and pricing MI / portfolio management support to the underwriting team and management team
- Liaise with actuarial, finance, legal, claims, operations, and compliance.
- Production of monthly/quarterly underwriting, sales, and claims reports.
- Assist in the production of distributor Product Oversight and Governance (POG) papers where required.
- Ensure products are designed and priced within the general regulatory framework for each territory.
- Support new business due diligence, onboarding, annual review, and renewal processes
- Support underwriting audits and technical file reviews including management of action plans
- Embrace new technology, implementation of systems and processes and support file sharing and document storage.
- Liaise with Operations and Finance around any queries
- Liaise with Claims and TPA Partners
- Update all data points monthly via all internal systems
- Adhere to administrative tasks required within the underwriting team
- Production of UW MI reports and analysis for risk management and portfolio oversight purposes
- Production of exposure and risk data for regulatory reporting
- Management of policy wording and IPID library, ensuring version control across all UW documents through liaison with UWs, MGAs and brokers
- Supporting lead UWs with review of UW and bdx to ensure
Skills & Competencies
- Understanding of underwriting process and underwriting administration
- Understanding of insurance contract/slip and terminology
- London market and / or regional UK market experience essential (Insurer or MGA)
- Strong work ethic required to work within a dynamic team in growth mode
- Competent use of Excel & Word
- Confident in ability, willing to develop personal and business skill set.
- Good communication / presentation skills
- Trustworthy, loyal, honest with high integrity.
- Team player, confident in working with people
- Knowledge of and ability to collaborate, when necessary, with other departments
- Results driven, motivated and takes responsibility for actions and results.
- Service orientated
- Attention to detail
- Perseverant and hard working
- Ability to multi-task
- Excellent organizational skills
- Strong analytical and problem-solving skills
- Ability to meet deadlines without compromising consistency in the process
- Experience dealing and handling sensitive information
- Ability to work under pressure
- Ability to prioritize to guarantee that all issues are allocated the required time to be handled in a professional manner