Head of Financial Lines Technical Underwriting
Competitive Salary
Are you an expert first-class Financial lines underwriter looking for your next step?
If so, this could be the role for you!
We have an opportunity for a Head of Financial Lines Technical Underwriting to join our tenacious London based team. This is a great job for someone with solid experience in at least one of the Financial Lines classes of Professional Indemnity, Directors & Officers/Management Liability, Financial Institutions, Pension Trustees, Commercial Crime, Cyber, Mergers & Acquisitions, Surety and Legal Indemnities.
This role offers you a chance to make a real impact working with the UK’s leading general insurer.
A bit about the job:
Within this role you will focus on setting the Financial Lines underwriting strategy for our UK GI Commercial business to meet the insurance needs of our customers and drive the required performance in terms of premium and profit. This is a newly created key role reporting to the Chief Underwriting Officer, Commercial Lines and will be working directly with the Commercial Lines (CL) senior leadership to deliver our ambitious growth targets for the business.
Leading a team of around six FTEs, you will deliver inspirational leadership and be a role model demonstrating at all times the mindset and behaviours required to cultivate an inclusive culture.
Additionally, you will:
1. Set the UK GI underwriting strategy for the Financial Lines classes across Commercial Lines
2. Ownership of the underwriting authority delegation to CL underwriters across Financial Lines classes ensuring these are clearly understood and are fit for purpose
3. Ensuring the effective operation of control frameworks to ensure underwriters work within their Underwriting authorities.
4. Defining the CL Underwriting Risk Appetite in the context of the CL P&L pertaining to Financial Lines classes.
5. Responsible for the creation and maintenance of technical underwriting guidance for Financial Lines classes
6. In conjunction with the Exposure Management, Pricing and Insights – set pricing strategy and rates for Financial Lines.
7. Work with the Reinsurance team to place our reinsurance treaties
Skills and experience we’re looking for:
8. First class Financial Lines underwriting, product & pricing know how
9. Understanding of risks faced by a Commercial Lines business and the controls to manage and mitigate the risks with a particular emphasis on insured perils
10. Involvement in projects involving regulation and legislation
11. Strong Reinsurance experience & understanding of aggregation of risk and capital
12. High performance People Leadership
What you’ll get for this role:
Our purpose - with you today, for a better tomorrow – is a promise we make to our colleagues too. And one of the ways we live up to that promise is by investing in you. We have so much to offer when it comes to being an Aviva colleague.
13. Competitive salary (depending on location, skills, experience, and qualifications)
14. Bonus opportunity - 25% of annual salary Actual amount depends on your performance and Aviva’s.
15. Generous pension scheme - Aviva will contribute up to 14%, depending on what you put in.
16. 29 days holiday plus bank holidays, and you can choose to buy or sell up to 5 days
17. Make your money go further - Up to 40% discount on Aviva products, and other retailer discounts
18. Up to £1,200 of free Aviva shares per year through our Matching Share Plan and share in the success of Aviva with our Save As You Earn scheme
19. Brilliantly supportive policies including parental and carer’s leave
20. Flexible benefits to suit you, including sustainability options such as cycle to work
21. Make a difference, be part of our Aviva Communities and use your 3 paid volunteering days to help others
22. We take your wellbeing seriously with lots of support and tools
Take a look to learn more. Put a salary into this calculator to see what your total Aviva Reward could be.
Aviva is for everyone:
We’re inclusive and welcome everyone – we want applications from all backgrounds and experiences. Excited but not sure you tick every box? Even if you don’t, we would still encourage you to apply. We also consider all forms of flexible working, including part time and job shares.
We flex locations, hours and working patterns to suit our customers, business, and you. Most of our people are smart working – spending around 50% of their time in our offices every week - combining the benefits of flexibility, with time together with colleagues.