Description Job Purpose: To underwrite and manage all facets of the Casualty Direct Binders account. Detailed Duties: Underwriting Underwrite authorised class(es) of business in accordance with the business plan. Ensure that all underwriting obtains the required return on capital. Underwrite within agreed risk control framework including: Individual risk limits as agreed under the underwriting authority matrix Aggregate limits as per latest agreed syndicate aggregate limits And all other controls as described in the latest version of the underwriting procedures manual Attend the Ascot box within Lloyd’s during underwriting hours. Liaise closely with the internal Claims Department and/or external claims adjusters as required. Assessment of Loss ratio analysis for individual accounts. Ensure underwriting files are of sufficient standard to ensure that effective Peer Review can be carried out and queries responded to within agreed SLA. Ensure the Technical Premium and Rate Movement is entered on S2000 for every risk. Compliance Ensure compliance with broker security requirements. Check that individual brokers adhere to their individual credit limits and that a TOBA is in place prior to quoting business with an unauthorised broker. Ensure compliance with Lloyds licencing requirements Assist with completion of sanctions checks Completion of annual compliance training Compliance bulletin review and action, where required. Ensure that Downgrade Clauses comply with Ascot’s Down Grade Clause Policy. Administration Ensure that the account administration is at all times up to date for relevant class(es), including responding to queries raised by Administrators promptly. Work closely with Assistants and accept overall responsibility for administration. Ensure Claims data discrepancies between submission and S2000 are reported. Facultative Reinsurance Purchasing Ensure that the purchasing of facultative reinsurance is done so in accordance with the RI purchase procedures. Ensure that any agreed endorsements that could affect the facultative reinsurance programme are notified to the reinsurance team. Work closely with the Reinsurance Department to ensure all cover notes are logged onto the system and to ensure overall compliance with the latest Reinsurance procedures. Aggregates Check that there is available aggregate prior to quoting. Ensure that all aggregate information is recorded at the required level of detail. Attendance Attendance at the monthly underwriter meetings. Attendance at monthly Claims meetings. Credit Control Manage the credit control issues for the class(es) including close liaison with Assistant Underwriters, Capita and brokers. Management Manage, motivate, and where necessary discipline subordinate members of staff. Participate in relevant internal committees. Ensure all senior staff are kept appraised of market issues and conditions. Prudently manage expenses within accounts. Represent Ascot at appropriate market groups and committees. Marketing Develop and maintain relationships with key brokers within the insurance market. Develop and maintain relationships with clients. Working Knowledge of Systems Crystal/Lloyds QA Tool S2000 (Subscribe) Swordfish GAAP Other duties Ad-hoc duties as directed by line management. Implementation of new procedures.