Technical Underwriting Manager - Cyber
This is an exciting opportunity to help create and launch a new, differentiated Cyber proposition. The successful candidate will be the first in the business focussed solely on Cyber as part of a wider Financial Lines division with existing PI and D&O propositions. Initially, you will be involved in defining, spec'ing, building and launching a new Cyber proposition, followed by becoming the Product Owner / Technical Underwriting Manager driving the proposition forward. In addition, you will be tasked with supporting Cyber proposition development to embed / add-on to existing products across Q Underwriting's multiple P&C specialisms.
This role would suit an experienced Cyber Underwriting Manager / Senior Underwriter or a Cyber Underwriter looking to progress their career by developing and owning new propositions, driving product and business strategy, with the associated increased accountability and recognition that comes with an exciting opportunity like this!
Responsibilities:
Work collaboratively within the Q Underwriting Financial Lines division, our Managing General Underwriter (Portfolio Management team) and PIB Group Product Management team to define, specify, build and launch a new Delegated Authority Cyber proposition.
- Work collaboratively across Q Underwriting and the wider PIB Group to develop embedded / add-on Cyber solutions on Delegated Authority.
- As Product Owner, continuously iterate your proposition and assess new opportunities to grow and develop the product portfolio
- In conjunction with the Head of Financial Lines, work with Capacity Providers to develop and manage underwriting strategy and maximise profitable growth.
- Initially, support the launch of the proposition with hands-on underwriting. In time, to become a senior point of referral for all technical and underwriting matters.
- Keep abreast of market developments and cyber related incidents, considering how these may affect the portfolio and assist in developing relevant underwriting strategies to minimise exposure.
- To work with the MGU to provide data and commentary in relation to business performance whilst delivering the underwriting strategy and guidance as agreed to the team.
- Take responsibility for Product Governance / Consumer Duty, Insurer Audits / QA work in relation to Cyber.
- To provide any relevant training to both internal and external stakeholders
Experience:
- 3-5 years cyber underwriting experience (Essential)
- Experience in portfolio underwriting (Desirable)
- Minimum Certification CII qualification, working towards Diploma or ACII (Desirable)
Knowledge:
- Excellent technical knowledge of cyber risks and exposures
- Understanding of the FCA T&C role and importance of Compliance within a regulated industry.
- You will have an in depth understanding of the Broker market & ability to develop effective broker relationships.
- Proven understanding of underwriting guidelines for all transactions (renewals, endorsements, cancellations, etc.). and ability to demonstrate a working knowledge of market.
- An understanding of working through and delivering P&Ls
Skills:
- Technical cyber skills and ability apply real world knowledge to manage underwriting exposures
- Ability to manage competing priorities and work in a fast paced environment
- Able to manage own workload to provide exemplary customer service
- Good broker relationships
Further information
As well as a competitive salary we offer the following benefits -
- Competitive holiday allowance with the annual option to buy additional days
- Death in Service benefit of x4 salary
- Company pension scheme
- Enhanced maternity and paternity leave packages
- A flexible benefits package which allows you to add additional benefits to your overall package
- Our benefits portal offers discounts on technology & electronics, cinemas, restaurants, days out, mortgage advice, travel and many more
- Referral schemes
- Discounted rates on PIB products
- We offer a first-class employee benefits and welfare package to support our employees with financial management, cycle to work scheme, counselling support, health screening, will writing, menopause support, books, stopping smoking and much more
- If supporting the local community, engaging with charities and having the opportunity to ‘give something back' interests you, you have the opportunity to take an extra day to support this with a Volunteering day.
- We also offer a wide range of discounts including a kids pass – giving you discount to over 4500 attractions and activities, discounts at hairdressers and beauticians, climate change projects with lots of other options to choose
- PIB has a comprehensive learning & development framework, including professional study options and apprenticeships which are available to all employees, and which will support your career development
- Being a part of our PIB Community Trust, we support fundraising where you can apply for grants from PIB Group towards your chosen charity
We are proud of our success and growth and have been recognised for many industry awards across our business. If you wish to work for a company that truly puts people at the heart of their organisation, then we would love to hear from you. PIB operates a flexible working policy, and our management teams will talk to you about how that would meet both your flexible working needs and those of the business and role you are applying for. We would love to hear from you if you want to hear more about opportunities in PIB.
We are an equal opportunities employer, committed to hiring a diverse and inclusive workforce. We do not discriminate on the basis of race, colour, gender, religion, disability, age, sexual orientation or any other characteristic protected by law.
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