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Insurance Manager (Underwriting and Risk)

Job Details

Gibraltar Salary: Competitive Salary + Benefits
Sector: Insurance Industry Type: Permanent
Start Date: ASAP Contact: Angelique Pearson

Insurance Manager (Underwriting and Risk) | Insurance | Gibraltar | CII/ACII Qualified|Competitive package plus relocation support

The Role

SRGEurope have been appointed to recruit an experienced Insurance Manager who is ACII qualified, they will have overall responsibility for the management of a portfolio of insurance companies within the Group. The successful Insurance Manager will have a technical background in Underwriting and Risk Management, be responsible for producing accurate and relevant information for Regulatory Authorities and to enable the captive Boards to make informed decisions. The role will also involve assistance with feasibility studies and similar consultancy projects.

If you are an experienced Insurance Manager and looking to take the next step in your career then this could be the role for you.

What's on offer to you?

  • Competitive Salary Package in sterling
  • Bonus and Benefits including Pension and Health
  • Career changing opportunity with an International Organisation

What You Will Be Doing

  • To be responsible for producing accurate and pertinent information on a timely basis to enable the captive Boards to make informed decisions.
  • Liaise with parent company, insurance regulator, Directors, service providers in respect of the above.
  • Advise senior management of significant issues in respect of the above.
  • Assist with underwriting decisions in conjunction with the Client including Renewals and New Business.
  • Maintain and update the office on a regular basis of new business developments on existing accounts and new business projects carried out by the office and maintain the prospect list on CRM. This will entail interaction with the Global Captive Practice Sales team on regular phone in/skype meetings.
  • Support the Head of Office on the execution of project work and if required participate in the presentation of the project results to prospect
  • Attend at the request of the Head of Office capability presentations to new prospects visiting the office here in Gibraltar or possibility a trip abroad to the prospects home country.
  • Obtaining GFSC approval of changes to business plan.
  • Obtaining board approval for underwriting decisions.
  • Utilise Insurance Management Reporting System to record client underwriting data.
  • Develop and maintain a RISK REGISTER, as part of each clients' Own Risk Solvency Assessment (ORSA).
  • Work with the Accountant on all insurance related returns linked to Solvency II and GFSC return.
  • Compile/Review the underwriting accounts as part of the regular reporting package for each client working under control of the Accountant to produce management accounts, statutory accounts and information, budgets, cash flow statements and supplementary information as required in a timely manner.
  • Gain an understanding of Solvency II and the solvency capital requirement (SCR) and liaise with the actuarial function/Accountant on the completion of the Company model.
  • Manage cash requirements with escrow accounts held by claims handlers for each assigned client and understand time cycle and process of maintaining of the companies minimum funds. Regular contact with Accountant will be required to ensure funds are available.

What You Will Need to Succeed In This Role

  • CII/ACII qualified
  • 5-10 years captive insurance experience or related industries
  • Knowledge of insurance industry
  • Knowledge of and experience with more complex insurance programs, such as: reinsurance, Risk Retention Groups, global or complex programs, etc.
  • Experience dealing with a client who has a sophisticated Risk Manager as a buyer
  • Excellent Client Service and interpersonal skills, comfortable dealing directly with clients
  • Compliance knowledge
  • Can solve moderately complex issues and will recognise more complex issues to be raised to a higher level

If you are an experienced Insurance Manager, and this is the challenge that you are looking for in your career, get in touch with me today.

To Apply

Please click on the 'apply' button and upload your CV and a Cover Letter or alternatively contact Angelique Pearson, Managing Director by email angelique.pearson@srgeurope.com or call Gibraltar +350 200 69999.

Why Gibraltar

Gibraltar is a British Overseas Territory on the edge of the Iberian Peninsula neighbouring Southern Spain. It boasts 300 days of sunshine per year, a relaxed out of work lifestyle and is easily accessible to the rest of Europe from Gibraltar and Malaga airports. The primary currency in Gibraltar is pounds/sterling and there are excellent English speaking schools if you are relocating with your family. We will help you with your relocation process about which you can read here: https://www.srgeurope.com/working-in-gibraltar/relocating-to-gibraltar.

Insurance Manager | Risk Register | Underwriting|Solvency II | ACII|CII | ORSA | Gibraltar