Role:
Underwriting Governance sits within the first line and is responsible for the oversight and ongoing development of the underwriting control framework for all managed syndicates at Apollo; providing assurance that Apollo operates in accordance with these controls. Underwriting Governance is also responsible for developing and embedding the underwriting governance culture across the managing agency and its managed syndicates and ensuring that all regulatory requirements are met. The Underwriting Governance Analyst will work with the Head of Underwriting Governance to ensure these capabilities are met.
Responsibilities:
- Assist with the development and maintenance of the underwriting control framework across Apollo Syndicate Management including underwriting authorities, peer review, underwriting exceptions process and associated reporting.
- Support the development, implementation and maintenance of governance tools and processes
- Review the effectiveness of processes and controls across underwriting teams to ensure compliance with the underwriting governance framework and recommend improvements where necessary
- Identify areas where underwriting governance is not met, provide guidance on deficiencies and recommend corrective actions
- Ensure underwriting teams understand and adhere to the control framework, including development of relevant communication tools as well as monitoring and reporting tools
- Work to become the subject matter expert for Underwriting Leadership as it relates to governance, working closely with Divisional heads, Actives and CUO.
- Assist with the annual review, collation and enhancement of underwriting standards and policies, including class level documentation
- Assist with the oversight of the independent review process, including KPI monitoring and associated reporting
- Assist with the management and oversight of the Underwriting Committees for all managed syndicates
- Perform sample underwriting file QA checks to ensure accuracy and completeness, including associated reporting and root cause analysis
- Ensure understanding of conduct risk and product oversight in relation to underwriting, and work alongside the Compliance team to develop and update approaches on behalf of underwriting
- Work with underwriting teams and the compliance team to ensure Product Oversight is regularly assessed and challenged in line with Apollo’s regulatory obligations
- Support the Head of Underwriting Governance with management information for Board and Committees
- Support strategic underwriting initiatives from an underwriting governance perspective, including the onboarding of new classes of business
- Support the Strategic Partner Syndicates team with the onboarding of new syndicates including assisting with the development, implementation and ongoing oversight of underwriting governance frameworks for new syndicates and the ‘Making it Happen’ process for Doing Business at Lloyd’s Principle 1.
Skill & Attributes:
- Ability to effectively communicate across a variety of company stakeholders
- An independent and commercially oriented mindset
- Ability to build trust and effective network of contacts both internally and externally
- Ability to negotiate and influence diplomatically
- Professional and approachable with positive attitude to successfully interact with senior management, colleagues and external stakeholders
- Ability to manage time, manage projects and prioritise workload