Casualty Facility Manager - Portfolio Solutions

We are seeking an Underwriting Manager to join MPS in a role that will take you in a different direction in comparison to a more traditional underwriting role in insurance.

Managing the overall facility, as well as a junior team member you will ensure that our binding authority is managed in line with DUA procedures, regulatory requirements and best practice whilst managing the relationships with the Casualty Facility Insurer, the Bowring Marsh Casualty Practice and providing support for the placement of Quota Share eligible risks into the facility Insurers.

This role will suit a confident, articulate individual who performs well in presentations and is happy to work in a flexible role.

What can you expect?

To undertake the delegated underwriting process for a Casualty DUA Facility as well as provide senior supportive role on the placement of Casualty Risks on a broader Global Facility.

Responsibility for understanding the Market changes with respects to changes in clauses accepted as well as exclusion languages and organise communication with support from Legal and Compliance.

To support Team in the Placement of Casualty Quota Share eligible risks under the current DUA, including peer review of risks in the form of a SPOEC (Second Pair of Eyes Check)., Ensure that individual risks are bound promptly and in accordance with the Delegated Underwriting Authority and consistently review efficiencies.

Ensure full compliance with the Delegated Authority from insurers.

Provide training to the transactional placement team on Technical Underwriting.

Build relationships with the senior stakeholders Bowring Marsh Casualty Practice brokers, as well as Senior Brokers around the Marsh global network where necessary, and the panel of Facility Insurers, including attending regular meetings.

To execute the due diligence and internal / external audit processes for delegated authority relationships, ensuring adherence to risk and compliance frameworks.

Form a part of team that presents and delivers to prospective markets on new opportunities.

Track and achieve all KPl's and SLA's for all of the contractual obligations.

To have an awareness and understanding of the regulatory framework in which the Company and MPS operates, and the regulatory requirements and expectations relevant to officer.

Do you have experience of working in Casualty Insurance? Would you like to work for the market leading Property insurance facility provider on a Delegated Underwriting Authority?, Proven experience of working within Casualty insurance from an Underwriting, Broking or Claims background is essential.

Comprehensive understanding of London insurance market dynamics and core processes.

Technical insurance knowledge on Casualty Insurance (International / US).

Support Management of and contract amendments in line with the Governance Framework.

Ability to build relationships internally at all levels of senior management and peers within other departments is essential.

Excellent communication and interpersonal skills.

Highly organised and methodical in approach.

Ability to work under pressure, often to tight deadlines.

What makes you stand out :

Experience using the Placing Platform Limited (PPL) or Whitespace when placing risks.

Experience in handling delegated authority business is beneficial.

Marsh Portfolio Solutions (MPS) is a dynamic client-centric practice within Marsh UK that places and manages a range of innovative portfolio placement solutions on behalf of Marsh Specialty Practices.

MPS comprises of 120 dedicated professionals who provide a range of intermediary services to insurer clients including sophisticated management information and innovative placement structures.

We offer and embrace a hybrid working model that nurtures a collaborative working environment in the office 3 days per week allowing 2 days per week to be spent working on a remote basis.

Competitive Benefits Package including : 27 days annual leave, excellent pension contributions, private medical cover, life assurance, income protection, employee assistance program, plus a range of flexible benefits including the option to buy or sell up to 5 days holiday per year, cycle to work, dental insurance, health assessments plus many more.

Generous Family Leave including : 6 months paid maternity leave, 4 months paid paternity leave, 6 months paid adoption leave plus shared parental leave options.