Portfolio Underwriting Manager

Overview

In this role you will own the underwriting profitability of a specialty portfolio, partnering with the CUO to select, monitor and manage MGAs and business classes. You will conduct technical due diligence on MGAs, set and approve guidelines and pricing structures, and oversee performance metrics across the portfolio. You’ll lead quarterly reviews with actuarial and finance teams and collaborate with MGAs and reinsurers to drive portfolio enhancements. You’ll operate at the intersection of underwriting, risk management and reinsurance, shaping how the portfolio performs and scales. This is an opportunity to influence risk selection, pricing integrity and governance across multiple classes ina

Responsibilities

• Conduct technical due diligence on ~20 MGAs, evaluating product design, distribution, underwriting risks and controls, historical performance, and MGA underwriting capability
• Review and approve underwriting guidelines, pricing models, underwriting authority structures, and Binding Authority Agreement parameters
• Own monthly, quarterly and annual performance monitoring across the portfolio
• Oversee MGA performance and KPIs (pricing adequacy, BAA adherence, ultimate loss ratio, performance mix)
• Partner with MGAs and reinsurers on portfolio enhancements (mix, pricing, product, terms and conditions)
• Lead technical audits across all classes of business
• Manage exposure at class, product, geography, risk and peril level; coordinate with catastrophe modellers for PML assessments
• Review reinsurance arrangements with Reinsurance Placement Officer and liaise with reinsurers on performance and MGA management
• Run quarterly performance reviews with actuarial and finance teams
• Work with Program Managers on underwriting requirements

Key requirements

• Proven class underwriting experience (e.g. Property, Casualty, Financial Lines, Aviation, Marine)
• Extensive underwriting and performance management experience
• Strong portfolio management and analytical capability
• Experience with reinsurance structures and arrangements
• Current, actively maintained knowledge of underwriting best practice in pricing and risk selection

• Pricing models
• Underwriting guidelines
• Binding Authority Agreements
• MGA performance monitoring
• Reinsurance arrangements
• Catastrophe modelling coordination

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