Study Learn Grow
Underwriting Oversight Analyst

Underwriting Oversight Analyst

Underwriting Oversight Analyst

Job Market: Insurance Underwriting

Underwriting Oversight Analyst – About the role

Work with the Underwriting Framework Manager and Head of Oversight in ensuring there is a sound and robust underwriting oversight framework in place, including acting as lead in internal reporting and liaising with managed (syndicate) Clients.

Underwriting Oversight Analyst – Key duties

Implement, manage and report upon the underwriting compliance and control framework principles in line with the Lloyd’s Oversight Framework.

Provide management and oversight on underwriting compliance issues within the group, ensuring that measuring, monitoring and reporting on underwriting compliance activities to high operational standards are achieved.

Provide assistance on the control framework activities undertaken ensuring that all underwriting control documents are current and reflect Lloyd’s oversight principles.

Ensure that appropriate and robust systems and controls are in place for all managed clients to ensure that they achieve the Lloyd’s oversight principles.

To assist with the management and execution of specified controls/action plans

relating to risks, working closely with Risk Owners and the Risk Management team. This includes

ensuring that control design is appropriate to the risk(s) operate as intended and reporting any issues to the Risk Owner.

Assist in the Controls Framework Manager as regards the underwriting compliance and control framework workstreams.

Underwriting Oversight Analyst – Key requirements

An understanding of the Lloyd’s Oversight Framework and the new Lloyd’s Oversight Principles, formerly Lloyd’s Minimum Standards (MS2).

Working knowledge of the structure and content of the various types of Underwriting Contracts used in the Lloyd’s Market, such as underwriting guidelines, syndicate protocols and Letters of Authorities.

Working knowledge of Underwriting Compliance monitoring processes such as gross premiums, linesize, policy duration and backdating. Reporting and acting upon all issues that arise from this monitoring.

Prior use of Lloyd’s systems including Crystal and Risk Locator tool, essential

Good analytical skills

Job Specifications

Our online job portal connects you with the latest Accountaing roles.

See All Courses

Find hundreds of jobs in Finance with our online marketplace.

See All Courses

Choose our online job portal for the best Insurance jobs. 

See All Courses

This is a full-time job. Working hours may be between 8 am to 6 pm.

See All Courses

A full-time job is employment in which a person works a minimum number of hours defined as such by their employer.

See All Courses

Study Learn Grow

Related Jobs