R_249517 Underwriting Portfolio Manager / Portfolio Lead

As one of the largest MGAs in the world and part of the Marsh McLennan group, Victor Insurance UK currently write a book of commercial business spanning Property & Casualty, Motor, Financial Lines & Marine with specialist products delivering tailored solutions for targeted Customer segments.

We have made significant investments in our digital platforms and data capabilities and we are now looking for an experienced Portfolio Manager / Portfolio Lead to join our business in the UK and lead the creation of a portfolio management function.

This role may appeal to experienced underwriting portfolio managers or those in senior underwriting analyst positions looking for their next role.

What can you expect:

Join a dynamic team who deliver superior outcomes for end customers, a seamless and digitised trading experience for our brokers, and consistent profit and growth for our insurer partners.
Victor in the UK operates with a great degree of autonomy within the Marsh umbrella. We have the pace and dynamism of a small entrepreneurial business whilst our Marsh parentage affords us the access to the resources of a large corporation. The best of both worlds!
Report to the Chief Underwriting Officer to work closely with the underwriting practice leads and digital analysts to establish and embed a proactive portfolio management approach and ensure that opportunities and issues are identified and acted on at the earliest opportunity.
Support and coaching by members of the senior leadership team who succeed together.

What you will be rewarded with:

We offer and embrace a hybrid working model that nurtures a collaborative working environment in the office 3 days per week allowing 2 days per week to be spent working on a remote basis.
Competitive Benefits Package including: 27 days annual leave, up to 4 days flexible bank holidays, excellent pension contributions, private medical cover, life assurance, income protection, employee assistance program, plus a range of flexible benefits including the option to buy or sell up to 5 days holiday per year, cycle to work, dental insurance, health assessments plus many more.
Generous Family Leave including: 6 months paid maternity leave, 4 months paid paternity leave, 6 months paid adoption leave plus shared parental leave options. To help ease the transition when you return to work you will be able to work 8 weeks at 80% of your normal work pattern and receive 100% of your normal salary.
The chance to make a significant impact by establishing a new strategically important function within a successful MGA.
Daily exposure to senior underwriting leaders across a wide range of insurance lines and industry verticals.
A career within the world’s leading professional services firm in the area of risk, strategy and people with a multitude of future career progression paths, both within Victor and across the wider Marsh McLennan Group.

We will rely on you to:

Design and implement a portfolio management rhythm of activity that ensures underwriting practice leads are empowered with the insights they need to deliver the right outcomes for our customers, achieve the Victor business plan and deliver on our underwriting promise to our insurer partners.
Work with our team of digital analysts and our existing reporting and dashboards to develop standardised reports which cover all key portfolio health indicators.
Actively monitor portfolio health indicators and facilitate product reviews with underwriting practice leads.
Support the business planning process and identify critical P&L drivers to track through the year.
Support the underwriting practice leads and CUO with Quarterly Business Reviews (QBRs), aligning QBR packs with underlying portfolio management processes.
Demonstrate the value of active portfolio management by identifying and delivering quick wins followed by continuous iterative improvements.
Work with stakeholders in the underwriting, actuarial and analyst teams to support pricing initiatives.

What you need to have:

A comprehensive understanding of the Portfolio Management cycle with experience applying this in practice in general insurance.
A clear vision for ‘what good looks like’ in a commercial general insurance portfolio management function with the ability to apply a flexible, solution-oriented approach to implement this.
Outstanding communications skills, with the ability to influence across all levels of the business.
A passion for data driven insights, challenging the status quo and facilitating superior decision making.
A track record of leading and delivering change and operating at pace within a multi-stakeholder environment.
A solid understanding of the Microsoft office suite, with advanced Excel knowledge a given.
Familiarity with reserving, pricing and business planning practices with experience working with experts in these fields.

What makes you stand out:

Specific commercial lines portfolio management experience across multiple lines of business
Operating across both digitally traded and mid-corporate tailored(manual) underwriting segments
Working with data manipulation, analysis and visualisation tools (e.g. SAS, R, Python, Alteryx, etc)
Working with data architect and data engineering teams
Working with products hosted in Acturis, Acturis datasets and Acturis analysis tools

Victor offers a connected culture of talented, inspired individuals, and a work environment where colleagues can grow and succeed. We value diversity in thought and background and are looking for individuals who are up for the challenge of creating the insurance enterprise of the future. If that’s you, join us on our journey—because together, we are all Victors.

Victor Insurance Managers LLC (“Victor”) is one of the world’s largest managing general underwriters with locations in the US, Canada, UK, Netherlands, Germany, Italy, and Australia. It handles more than $3.7 billion USD in premium on behalf of numerous insurance carriers, through a large network of more than 20,000 active insurance agents and brokers. With deep, specialized underwriting expertise, the company provides a wide range of insurance solutions – from specialty property and casualty and professional liability insurance to group and retiree benefits. Victor is committed to building on 65-plus years of experience to develop products that address risk in new and evolving areas. For more information, visit www.victorinsurance.com.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at TAUK@mmc.com.

Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local based teams will identify at least one “anchor day” per week on which their full team will be together in person. office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.

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