Underwriting Portfolio Analyst - FTC

Job Profile Summary

The Underwriting Strategy and Central Portfolio Management (UWS & CPM) team works at the heart of the business to shape Chaucer’s underwriting growth and transformation strategy and actively supports its implementation.

The team’s overarching objective is to develop and implement an Underwriting Strategy that aligns with the Group Strategy, underpinned by a robust Portfolio Management and Underwriting Oversight Framework. The team currently has three main work streams:
Underwriting (UW) Strategy, UW Portfolio Management and UW Operational Change.

This role sits within the UW Portfolio Management workstream with the primary responsibility of extensively working with the UW Portfolio Manager and the rest of the UW Portfolio Management team, to steer the underwriting portfolio based on proactive performance and optimisation analysis. The primary responsibility for this role is to support the UW Portfolio Manager by maintaining the reporting suite and performing regular portfolio analysis, monitoring, reporting and stakeholder communications.

Secondary responsibility is to support the other two work streams within the wider team to effectively execute the team’s duties and deliver on the objectives as and when required.

Through the remit of the Chief Underwriting Officer, the team’s and thereby the role’s scope (via supporting the UW Portfolio Manager) is to proactively steer the UW portfolio, including the below elements:

• UW Portfolio MI Suite maintenance and improvements.
• UW Portfolio MI Project.
• Regular UW portfolio monitoring.
• Targeted performance reviews.
• Regular portfolio reporting.
• Feedback loop into strategy and planning Wider team deliverables.
• Stakeholder collaboration.
• Wider team support.

This role has tremendous scope for leading Chaucer’s 1st line of defence UW Portfolio Management offering and actively steering a large UW portfolio. The role will carry a significant profile, with clear direction from the Head of the team and Underwriting Management. This role would suit an ambitious, analytical, proactive and enterprising candidate, who is an effective communicator and collaborator. The role also requires leadership skills in order to influence and challenge UW management and teams, quick decision making and effectively building and managing a high performing team.

The range of activities may include:

• UW Portfolio MI Suite maintenance and improvements: Maintain, update develop and enhance the team’s extensive suite of existing excel-based reports, creating new MI where required. Thus, the ability to interpret and understand complex excel-based reports (incorporating VBA) – including reading, writing, streamlining and fixing code – is essential.
• UW Portfolio MI Project: Support the project to create a suite of UW Portfolio MI / Dashboards within Power BI to improve the team’s efficiency and analytical capabilities, as well as servicing the needs of various stakeholders, from the CUO to junior underwriters; this will include transitioning the team’s existing excel-based Dashboards / tools and assisting with user accepted testing.
• Regular UW portfolio monitoring: Monitor UW portfolio for performance related movements and actively flag any performance trends and opportunities esp. where likely to deviate vs. strategy and plan.
• Targeted performance reviews: Conduct targeted performance reviews and optimisation analysis, including in-depth analysis to assess the profitability and sustainability of the underwriting portfolio.
• Regular Portfolio Reporting: Produce and provide regular reporting for various forums and also summarise position vs. strategic and planning targets, leading to an active discussion with respect to performance and steering. This will also include any reports summarising outputs from any detailed performance reviews and pulling reports / slides together for various committee and board reports.
• Feedback loop into strategy and planning
  :
  Support UW Portfolio Manager to actively inform, validate and challenge group UW and divisional strategy and plans via performing regular, proactive UW portfolio analysis. This includes robust, proactive and usable…