Our Underwriting & Distribution (U&D) division within PIB Group is seeking a Group Chief Underwriting Officer to operate within its MGU space.
 
The purpose of the job is to own and execute on the Underwriting and Capacity Strategy of U&D to deliver sustainable growth in profits in keeping with the objectives of Underwriting & Distribution and PIB Group, whilst delivering profit targets agreed with insurers.   
 
Critical strengths/experience should be demonstrable as regards:

- Technical & portfolio underwriting

- Commercial & strategic execution

- Capacity network / relations

 
The ideal candidate will be a strategic thinker with a strong background in portfolio management including pricing in a commercial insurance environment.
 
Key Responsibilities:

- Binder Management: it’s governance, oversight, the maintenance of operational systems and production of periodic MI to enable such oversight

- Underwriting Performance Management: manage the Underwriting performance at a portfolio level, using portfolio techniques to protect capacity arrangements and deliver U&D objectives

- Capacity Management: Manage insurer relationships from an underwriting perspective; seek out new capacity opportunities; ensure new and existing capacity relations, terms and structures are optimised; develop the capability to manage own capacity arrangements within the MGU

- Product oversight and governance: setting up and monitoring schemes with Insurers and compliance with PROD requirements as a Distributor and/or manufacturer and pricing

- Team management: Lead and successfully manage the MGU team of Portfolio Underwriters, Pricing and data executives. Deliver employee engagement within the team; build a positive culture in line with PIB Group philosophy, championing collaboration and an open, transparent communication style

- Stakeholder management: Collaborate with U&D business units MDs and their front line teams, as well as other departments (Risk & Compliance, Finance, People, Distribution & Operations) to ensure seamless integration of underwriting objectives and processes

- Personal responsibilities: Ensure adherence to legal and regulatory policy and guidelines including all PIB Group policies and procedures to maintain the company’s regulatory requirements and business ethics; develop strong relations with key partners and stakeholders and act as the focal point of contact for them; communicate strategic direction, operational decisions and sales perspectives to business teams, internal and external partners; assume CF responsibilities in line with relevant Statement of Responsibilities

- Continuous relevance: Maintain knowledge of the insurance markets and industry; monitor the marketplace to identify, assess and make recommendations about business opportunities and/or threats presented by new and/or emerging risks or competitors

 
Person specification
Essential:

• ACII – Chartered Insurance Broker and/or Business Administration / Management qualification

 
Desirable:

• Bachelor’s degree in business, finance, or related field; Master’s degree preferred

 
Experience

• 15+ years experience in underwriting & commercial insurance
• 5+ years experience in a similar role
• Proven record in developing profitable strategies and growth

 
Knowledge

• Strong understanding of general insurance products, regulatory framework
• Strong understanding of performance management principles
• Familiarity with diverse business functions such as marketing, PR, HR, Finance etc
• In-depth knowledge of corporate governance and general management best practices
• In depth knowledge of the UK insurance industry

 
Skills

• Analytical abilities and problem-solving skills
• Excellent communication and leadership skills
• Ability to drive change in a fast paced environment

 
Attitude

• Highly collaborative and positive
• High personal integrity
• Resilient and able to work with ambiguity

 
Why Join Us?

• Competitive salary and benefits package
• Flexible working and holiday options
• Pension, enhanced parental leave, and life insurance
• Discounts on technology, travel, and leisure
• Learning and development opportunities
• Volunteering and charity support days

 
Join a company that values innovation, growth, and its people. Apply now to take the next step in your career.
 
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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