NHBC have a fantastic opportunity for an Underwriting Portfolio Manager to join their Underwriting team based in Milton Keynes. The role of the Underwriting Portfolio Manager will manage NHBC’s exposure to insurance risk. To build and maintain NHBC’s underwriting portfolio management capability and provide thought leadership and project delivery on insurance portfolio matters. Actively contribute to all NHBC underwriting activities.
To lead portfolio monitoring and audit, and Underwriting business resources (such as Underwriting Manual), to ensure underwriting, pricing and risk management guidance is set and adhered to within Underwriting and other NHBC business areas. To foster and promote the objectives and services of both Underwriting and NHBC.
Support the Head of Underwriting in the effective execution, and development, of Reinsurance strategy.
Support the Head of Underwriting in the planning and renewal of reinsurance treaties, including reporting and reinsurer and broker updates and negotiations.
About the role
Leadership of NHBC’s Underwriting portfolio monitoring and analysis capability. Including responsibility for making recommendations and decisions for underwriting governance, pricing and reinsurance.
Responsible for analysing product and portfolio performance, producing and communicating management reports for Underwriting.
Manage, motivate, train, coach and develop team members and other internal customers in relation to underwriting polices procedures and rules.
Responsible for underwriting resources, such as the Underwriting Manual, used across NHBC to support risk decision making.
Influence the Underwriting strategy, NHBC Rules & Buildmark Policy, as well as Claims procedures.
Responsible for ensuring accuracy and consistency of pricing approach and methodology, underwriting policy and governance and reinsurance placement and procedures.
Support the Head of Underwriting in the annual renewal of NHBC’s reinsurance portfolio.
To support the development of appropriate operational risk appetite in line with corporate objectives.
To work closely with the Risk function to ensure compliance with all relevant regulation is adhered to and reported.
To develop strategies to influence better builder behaviour and implement in other business areas within NHBC. This includes minimising NHBC’s risk exposure and maximising the Recovery potential through the development of policies pertaining to securitisation of risk, pricing and effective use of capital.
Influencing senior stakeholders both internal and external.
Delegated responsibility from Head of Underwriting as appropriate.
Contribute to the development of Underwriting training frameworks and the wider training and development strategy for Underwriting.
Provide support for auditing the application of Underwriting decisions, policy and procedure in other areas of the business.
Managing improvements resulting from complaint process of insurance and builder customer with the Corporate Complaints team.
Lead and take part in ad-hoc projects as required.
Insurance portfolio analysis
Reinsurance, including renewals and new placement
Developing management actions to mitigate risk, including pricing strategy
ACII or equivalent
Degree in a financial or mathematical discipline
Report writing and presentation
Influencing stakeholders, including senior managers
Delivery of excellent portfolio monitoring outputs, with appropriate and relevant management actions
Delivery of business / process change to enhance insurance profitability
Positive, can-do attitude
Starter / finisher
Salary & Benefits
£58,600.00 - £63,300.00 per annum (depending on experience)
Up to 15% performance related bonus. 27 days pa annual leave with option to purchase one additional week per year.
Pension scheme to Pension Mark Plus standards (up to 10.5% of salary employer contribution).
Equalised Paternity, Maternity and Adoption Leave.
Life assurance of 4 x salary.
Subsidised private medical insurance.
Cycle purchase scheme.
High street discounts and preferential gym rates.
Employee assistance programme.
Apart from working with great colleagues who are passionate about what they do, we pride ourselves on developing individuals to achieve their full potential and offer exceptional personal development and career progression opportunities. We also support, sponsor and pay for training and membership to relevant professional organisations. All necessary equipment and other allowances associated with working from home will be provided.
Always happy to talk flexible working
We encourage employees to work flexibly in different ways including home working, field working and both formal and informal flexible working arrangements. We don’t promise we can offer you what you want, but we are always happy to talk flexible working. In the interview process we’ll discuss this more with you.
Diversity and Inclusion
NHBC is committed to equal opportunities for all. We are a signatory to the Armed Forces Covenant and the Women in Finance Charter. Our inclusive culture helps us to maintain competitive advantage as we aim to attract people from diverse backgrounds to complement our team. Underlying our overall commitment to equality is the fundamental belief in the right of all employees and customers to be treated with dignity and respect and to be guaranteed freedom from discrimination.
Excellent – Proud and professional in all that we do.
Connected - Collaborating, sharing and achieving success as a team.
Human - Challenging, supporting and respecting each other.
Progressive - Inspired by possibilities, learning and adapting together.
Closing Date: Thursday 3rd December 2020