What are the responsibilities and job description for the Underwriting Quality Assurance Lead position at Everest Re Group?
The Underwriting Quality Assurance Lead is a key leadership role focused on overseeing the quality and accuracy of underwriting decisions, processes, and documentation across the organization. The UQAL is responsible for leading specialized and spot audits, ensuring adherence to underwriting guidelines, and driving compliance with both internal policies and regulatory standards.
Purpose of the Quality Assurance Team
- Improve underwriting behaviors and foster excellence in underwriting across the organization, by ensuring continuous adherence to Underwriting Guidelines and best practices.
- Develop and implement tactical approaches to minimize underwriting risks, ensuring errors are identified and corrected before they impact business performance.
- Provide oversight to identify emerging underwriting risks at the individual LOB, division, and Group levels, driving early intervention and resolution.
- Elevate critical findings to Management Audit Committee (MAC), senior leadership, and Corporate Underwriting Teams, providing strategic insights and recommendations that require immediate action.
Specialized Audits: Lead and drive specialized audits or audit deep dives based on identified business needs, findings or recommendations of the Management Audit Committee (MAC), previous audits, operational data, or emerging risks.
Underwriting Process Review: Review underwriting files to assess risk evaluations, pricing, policy issuance, and overall accuracy, ensuring compliance with internal guidelines and external regulations.
Compliance and Risk Management: Ensure that underwriting activities meet all relevant legal and regulatory standards, and that company policies and procedures are consistently followed.
Reporting and Documentation: Prepare detailed reports summarizing findings from spot and specialized audits, including root causes, trends, and recommendations for corrective action.
