Job Description

Overview:

To support the Automotive Underwriting Manager in delivering the objectives of the Automotive line of business on behalf of the UK Underwriting department.

The deliverables include, but are not limited to:

• Safe-guarding the profitability of the UK BU by ensuring robust pricing procedures are followed,
• Ensuring underwriting terms are aligned with AP Underwriting standards,
• Providing technical expertise to build and develop Technical Pricing models based on high quality analysis of internal and external data.
• Ensuring that high quality and detailed analysis is prepared for scheme performance and portfolio monitoring reviews,
• Ensuring clear and robust process in place for the Audit trail on quote request / pricing assumptions / approvals,
• Working with the wider business to ensure data quality is maintained at a level suitable for key pricing assumptions and performance reviews to be reliable,
• Keeping up to date with the latest regulatory and/or legislative developments applicable to the Automotive line of business and the wider Ap business,
• Keep up to date with new pricing / reserving / analytical / visualisation methods.

The role will also work closely with the Sales, Operations, and Finance Departments. The role will also work closely with the Product and Policy Wording Manager, a Product Analyst and the Commercial Reporting team.

Main Duties

• Fulfilment of pricing as required by the Business in accordance with the Company's underwriting guidelines.
• To maintain accurate records of all quotations provided including any proof of authorisation and any changes made to the final quotation from the original price proposal.
• To monitor on a regular basis the ongoing performance of business and to provide reports to the Finance department and Sales Team as required.
• To ensure accurate and timely new business and renewal quotations in conjunction with the appropriate Business Development Manager.
• To provide presentations to the internal Risk Committee for all Automotive line of business.
• To propose improvements in products to enhance profitability, policy wording and tax structures.
• To have knowledge of the practical application of any regulatory and/or legislative issues applicable to the Automotive line of business.
• To contribute on any development of new products or line of products.
• To support the business development teams as and when required which may also include attending client meetings.

Hours: Monday to Friday 09:00 to 17:00

(A flexible approach will be required at times in order to meet Client or Internal Deadlines).

General

• To manage or assist with relevant ad-hoc projects as required by the UK Underwriting Manager.
• Complete all appropriate administration required.
• Occasionally deputise for Automotive Underwriting Manager when asked.
• Support internal and external customers to meet stated aims of the UK BU.
• Contribute towards problem solving, planning, budgeting, reporting and communications with all stakeholders.

Education/Training/Qualifications

• Education: Strong Mathematical / Analytical / Science based Degree
• Computer literate particularly: Excel - Advanced including compound formulas, complex Functions & VBA, Word - Intermediate including formal memos, letters & reports, PowerPoint - Intermediate including graphics, composition and presentation.
• Previous Technical Pricing experience building/maintaining pricing models and supporting data (preferably gained within an insurance or finance environment).

Special Skills & Knowledge

• Experience with SAS or R would be an advantage.
• Strong organisational and problem-solving skills.
• Numerate and analytical.
• The ability to recognise and deliver excellent customer service.
• The ability to effectively communicate at all levels both verbally and in writing.
• Ability to manage tasks effectively to ensure compliance with quotation deadlines.

Aptitude & Personality

• Excellent communication and interpersonal skills
• Proactive, quick thinking, flexible and adaptable to changing situations
• Responsible and confident approach to work duties
• Self/team motivator
• Quality focused
• Able to work under pressure
• Able to make quick/sound decisions
• Problem solving
• Assertive
• Ability to prioritise workload/tasks
• Listen to other people's ideas and point of view

Strong eye for detail