Vice President

Job Title : Vice President

Entity : Rokstone Underwriting

Department : Commercial Casualty

Reports to : To be Confirmed

Location : United States

Who We Are

Rokstone, part of the Aventum Group, is an established international underwriting MGA and approved Lloyd’s of London coverholder, where we also hold a Lloyd’s Box.

With innovation at our core, we go beyond the ordinary to offer brokers specialised (re)insurance solutions. Within Rokstone, we house specialist MGAs such as Novus, iSure and iFarm, each contributing to our commitment to redefining industry standards.

At the heart of Aventum are our people. Our employees collaborate in dynamic, service-focused teams. Together, we strive daily to achieve our goals and objectives with a shared dedication to revolutionising the insurance industry for the better.

The Company offers a competitive benefits package via a flexible benefits platform. In addition to core benefits, employees can tailor their benefits according to their needs.

Employee development is key to the ongoing development of Aventum on the whole. We invest in our people, empowering them to grow their careers and advance within the Group.

Our dynamic culture is rooted in the continuous desire of our people to learn and challenge themselves.

Role Summary

Newly created due to growth, we are seeking a Vice President to come and join our Commercial Casualty division within the United States.

Role Accountabilities

Underwriting Strategy

• Support leadership in devising a synchronous underwriting strategy identifying target speciality classes of business that complement our various direct underwriting operations.
• Supporting building a balanced portfolio across several high-target speciality segments.
• Align to all reinsurance, operational, actuarial, risk and claims strategies and protocols.

Distribution Management

• Support the creation and execution of an appropriate distribution plan.
• Identify target relationships and work to cultivate these in pursuit of our growth objectives.

Program Management

• Establish client service standards at the inception of each new Portfolio opportunity.
• Create documentation requirements for Captives and Programs, help negotiate and maintain all Program Management Agreements and ensure standardization of procedures.
• Conduct regular audits as per the agreed schedule with portfolio partners.
• Manage all referrals outside of delegated authorities. Such management may include collaboration with key underwriting personnel residing in other Rokstone Entities.
• Conduct regular portfolio analysis, peer review and measurement of key performance indicators on all programs.
• Report summary findings from the above actions and implement timely underwriting strategies to ensure profit objectives are maintained.
• Establish and maintain a robust, efficient, and modern operating platform.
• Engage with Legal, IT, Claims, and other support services to ensure a robust operating platform in the due diligence, onboarding and oversight phases.

Role Requirements

• Over 10 years' experience in Underwriting specialising in Commerical Casualty.
• Must have over 10 years of underwriting and portfolio management experience.
• Degreed educated.
• Experience working for an insurer, MGA or Lloyd’s syndicate.

Skills and Abilities

• Excellent communication, organizational and time-management skills.
• Team worker with the ability to work on their initiative.
• Strong analytic skills across core finance, and actuarial concepts along with strong data skills.

Management Duties

We are an equal-opportunity employer, and we are proud to share that 93% of our employees say they can be themselves at work.

We aim to hire our industry's finest people because the best people drive the best outcomes. And we forever challenge the status quo because we know there are always ways to improve things.

Because together, we're limitless.

We value applicants from all backgrounds and foster a culture of inclusivity. We understand the need for flexibility, so work in a hybrid model.

Please let us know if you require any reasonable adjustments during the recruitment process.

Conduct Rules

Under the Senior Managers and Certification Regime the FCA and Aventum expect that :

• You must act with integrity.
• You must act with due skill, care and diligence.
• You must be open and cooperative with the FCA, PRA or equivalent local regulator.
• You must pay due regard to the interests of customers and treat them fairly.
• You must observe proper standards of market conduct.
• You must act to deliver good outcomes for retail customers.

As a Senior Management Function holder, the FCA and Aventum expect that :

• You must take reasonable steps to ensure that the business of the firm for which you are responsible is controlled effectively.
• You must take reasonable steps to ensure that the business of the firm for which you are responsible complies with the relevant requirements and standards of the regulatory system.
• You must take reasonable steps to ensure that any delegation of your responsibilities is to an appropriate person and that you oversee the discharge of the delegated responsibility effectively.
• You must disclose appropriately any information of which the FCA or PRA would reasonably expect notice.
8 days ago