VP, Senior Broker
City of Aspen
full-time
Posted on:
Location Type: Office
Location: London • 🇬🇧 United Kingdom
Visit company websiteJob Level
Senior
About the role
- Responsible for facilitating new and renewal business for Aspen Broker Services on behalf Aspen UK underwriting staff as a wholesale broker in accordance with the business plan
- Develop and manage the structure of a wholesale broking entity to act as internal conduit between external retail brokers and the company’s Lloyd’s Syndicate to facilitate reductions in commissions
- Play a pivotal role for designated lines of business developing business relationships and managing the end-to-end placement of assigned contracts including performing data and analysis, producing presentation materials, completing broking documentation
- Liaise with Underwriting and Claims to resolve queries
- Contribute to the development of evaluating business opportunities, risks and exposures, pricing structures, rates, terms and conditions.
- Inputs to and translates organisational vision and Divisional/Functional strategy into operational deliverables and provides tactical leadership and support to managers to achieve positive results for the business in line with strategy
- Drives business performance through others facilitating effective planning, control and support mechanisms to ensure delivery of the business plan in line with market and shareholder expectations
- Contributes to, monitors and advises on the plan developments and changes in order to ensure relevancy, compliance and optimal delivery
- Determines own work priorities and activities in line with agreed plans to ensure the achievement of the function’s objectives
- Applies specific expertise to manage processes and workflow within the team, and is responsible for ensuring accuracy, efficiency, good practice and adherence to prescribed standards
- As a technical expert, is responsible for executing higher value/more complex transactions (making decisions within authority limits) to ensure that they are appropriately completed and that related records and systems are properly maintained
- Interprets, and helps to cascade organisation goals and regulatory/legislative requirements; and is responsible for monitoring functional activity, and application of Policy and Procedures, to ensure that compliance, effectiveness and risk management is optimised
- Supports the senior underwriting team with the review and analysis of the portfolio/functional performance to identify and influence progress towards business objectives
- Supports the senior underwriting team in the production of management information reports, to enable effective monitoring of underwriting activity.
- Acts as a technical expert to support the identification of issues and opportunities within area of expertise.
- Understands and contributes to management and peer review processes to encourage and develop excellence
- Maintains expertise and team knowledge through identifying and suggesting appropriate learning and development activities
Requirements
- Extensive and relevant knowledge of the London and Lloyds insurance market dynamics and core processes in appropriate product line(s)
- Broad experience of working in a broker or insurer
- Has established relationships that are relevant to their role / product line
- Specific subject matter expertise and knowledge of compliance and FCA regulation
- Understands, and anticipates how relevant market conditions impact upon their own specific class of business /portfolio
- Technical understanding of class specific underwriting and reinsurance parameters and delegated authorities; including relevant business goals/targets - and how this role contributes to overall performance
- Working knowledge of risk profiling, pricing tools and loss models and how to apply these to their role
- Specific subject matter expertise and knowledge of legal and regulatory requirements (specific reference to FCA/Lloyds regulation)
- Degree level education (or equivalent) (And relevance of degree subject to role) is preferred.
- May hold ACII (or equivalent) qualified or has made progress towards completion of insurance qualifications
- They will have completed the Lloyds & London Market test (where relevant).
Benefits
- Professional development opportunities
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
underwritingreinsurancerisk profilingpricing toolsloss modelsdata analysisbroking documentationbusiness analysiscontract managementcompliance monitoring
Soft skills
relationship managementtactical leadershipcommunicationproblem-solvingorganizational skillsstrategic planningteam collaborationdecision-makingperformance monitoringadaptability
Certifications
ACIILloyds & London Market test