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Senior Manager, Underwriting

Employer
Lloyds Banking Group
Location
Leeds
Salary
Negotiable
Closing date
3 Feb 2022

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Job Details

At Lloyds Banking Group, we're motivated by a clear purpose - to Help Britain prosper. Across the Group, our colleagues are passionate about making a difference to customers, businesses and communities.


Our brands, our services and our business span every aspect of banking and finance, including some of the biggest names on the UK's high streets. That gives us a big responsibility to support the UK economy, and we have a clear strategy to put customers first - and achieve our vision of becoming the best bank for customers.

Insurance and Wealth helps personal and business customers with their long-term protection, retirement and investment needs. We support around 10 million customers with assets under administration of £155 billion and annuity payments in retirement of over £1 billion every year.


The General Insurance Underwriting team provides a comprehensive underwriting service to help our customers make the right decisions.


We're looking for a Senior Manager, who'll implement and operationalise the underwriting strategy for our portfolio of underwritten products. You'll lead an exciting team who deliver key underwriting initiatives to help meet our customers' needs.


As a Senior Manager, Underwriting, you'll be accountable for:
  • Translating strategy into meaningful projects and objectives for your team, ensuring these are driven through to execution.

  • Motivating and leading your team of underwriting SMEs to demonstrate the values and desire to deliver for the business.

  • Supporting colleague development through the sharing of technical expertise and mentoring of personal skills to ensure they are consistently recognised as a team of underwriting SMEs.

  • Reviewing KPIs/ KRIs produced by the team, understanding the story they tell and ensuring that appropriate action is taken.

  • Respecting, embedding and championing risk management and governance

You'll have the following attributes...
  • A strategic level understanding of insurance risk appetite techniques and benefits appropriate to a market leading organisation

  • A flexible management style appropriate for professional colleagues

  • An ability to represent LBG GI externally to industry level committees and conferences

  • Excellent judgement (knowing the right thing to do) in difficult business decisions: balancing commercial, PR, customer, colleague and regulatory considerations

For this role, our preference is you'll be based at either our Leeds or Newport office as our team works across both of these sites however, we're flexible on location for the right person. Our expectation is you'd attend our monthly team meetings in person and meet face to face with your team on a regular basis, however we do have an agile working culture which includes the option to work from home.


We encourage applications from people who work flexibly, (compressed hours) part time and those who work as a job share. We're a team that are passionate about building a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve.


You'll also possess some of these specific skills...
  • Developing teams to high performance, execution and technical excellence

  • A high level of general insurance experience & awareness of the latest developments in the wider industry environment

  • Whilst not vital, you may have already achieved a relevant professional qualification (e.g. FIA and/or ACII) and be able to evidence use of this qualification in making business decisions

In addition to the salary quoted the position also offers:
  • Discretionary Performance Share Award

  • Generous pension contribution

  • A flex benefits cash pot you can adjust to suit your lifestyle (4% on top of your basic salary)

  • Private health cover

  • Access to share schemes

  • 30 days holiday plus bank holidays

In return for your expertise, you'll enjoy our dedication to your ongoing personal and professional development. Here, you'll grow as a person and develop your career, supported by our excellent learning proposition. Our customers' experience and success starts with yours.

We're an equal opportunity employer and deeply value diversity within our organisation. We'll ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Together we make it possible.

Company

We’re creating an organisation that attracts, retains and develops the best talent in the industry, and one that openly embraces diversity too. But more than that – we want to be a great place to work. We invest in our people, offering the best training and coaching, and by encouraging them to contribute to our leading corporate and social responsibility practices. We offer flexible working hours and days, under our Work Options scheme. This means that you can have a challenging and rewarding career, and still have an ideal work/life balance.

Flexible working is at the heart of our strategy. We’re re-imagining where, when, and how our people work, with new approaches designed to meet the ever-changing needs of customers and colleagues. These include increasing our use of remote-working tools and technology, as well as placing less reliance on a 9-to-5 mindset. For many of our office-based colleagues, we work in hybrid ways which involves spending at least two days per week or 40% of their time at one of our office sites.

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