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Form of workAbout us
Avencia Consulting are recruiting on behalf of a leading Insurer, who have an upcoming exciting proposition and are looking for a Syndicate Manager to join!
The Company currently writes lines of business including; specialty insurance: aviation & aerospace, energy, marine, property, terror & political violence, contingency and other specialty lines; reinsurance: property reinsurance, property retrocession, specialty reinsurance, whole account/multi-class and bespoke.
The role
Enabling the smooth running of the Syndicate; Support the Active Underwriter by facilitating the annual Syndicate business planning process; Ensuring relationship management with the Managing Agent, Lloyd's, and regulators; Managing the day-to-day activities of the Syndicate in line with Lloyd's Principles and Managing Agent expectations; being the central point of contact for all matters relating to the Syndicate; Support the Syndicate's Executive Team by leading ad-hoc special projects.
Key accountabilities
- Work with the Active Underwriter to ensure timely submission of the annual Syndicate business plan and subsequent revisions. Ensuring feedback and input from Lloyd's, the Managing Agent, and capital partners (where appropriate) is sought. Involving input from the Syndicate's Actuarial, Finance, Underwriting Management, and Capital teams.
- Work with the Underwriting Management team to ensure that the annual business plans for the underwriting teams align appropriately with that of the Syndicate.
- Act as the central point of contact for Syndicate matters to ensure that the Managing Agent, Syndicate, and Lloyd's are aware of relevant Syndicate matters, to ensure that they are aligned to efficiently support the Syndicate's plan, with any issues being escalated and resolved as appropriate.
- Work with the Active Underwriter and relevant teams to address any queries from the Syndicate's Managing Agent, Lloyd's, or regulators.
- Ensure the Syndicate complies with Managing Agency and Lloyd's timetables for reporting and business planning, including the review of reports and sign-off by the Syndicate prior to submission to the Managing Agency.
- Attend Syndicate Board and Committee meetings and ensure actions from Board minutes are completed.
- Review feedback or queries relating to the Syndicate's Lloyd's returns and to ensure that any conclusions or actions that should be drawn from them are appropriately actioned.
- Work with the Syndicate and Managing Agent teams as required agreeing timetables and deliverables around Syndicate projects, acting as project manager where appropriate.
- Manage, with the Managing Agent, the relationship with Lloyd's and regulators.
- Work with Data & MI teams to provide underwriting KPI data / management information to support the optimisation of underwriting performance within the Syndicate - with the aim of using the same or similar reports for the Syndicate overall.
- On an ad-hoc basis, produce and work with others to produce high level reports outlining market trends to support management decision-making relative to short, medium, and long-term business strategies of the Syndicate.
- Support the Executive Team on strategic growth objectives by assessing new opportunities that may be suitable for the Syndicate.
- Undertake strategic planning and ad-hoc projects as directed to support the growth and profitability of the Syndicate.
Skills & experience
- Strategic leadership and people management.
- Track record of sound judgement and business acumen.
- Strategic business management skills.
- Strategic financial management.
- Ability to promote own profile and the Syndicate.
- Ability to define and resolve complex problems.
- Accomplished communication and relationship management skills.
- Advanced influencing skills.
- Advanced negotiation skills.
- Advanced relationship management skills.
