Property Underwriter

Horizon Search & Selection
Bury St Edmunds
31 Jan 2019
11 Mar 2019
Contract Type
Full Time
A professional Underwriter, ideally with experience in Property underwriting is required to join our client in Bury St Edmunds, Suffolk. This is a full-time, permanent opportunity to join their friendly, dedicated team as their business continues to steadily expand.

Our client are an MGAA, with Lloyd’s Broker status firm who offer property insurance solutions to Insurance Brokers, IFAs and Affinity Partners across the UK. This is an exciting and challenging opportunity to underwrite new and existing non-standard property risks throughout the UK using our client’s latest in-house software and market leading product range. You’ll be working in a team of approximately ten Underwriters of varying levels of experience.

On a day to day basis, you will be required to apply your judgment and experience on risks that fall within your predetermined binding authority. You’ll be required to build and maintain a profitable risk portfolio while contributing to the day to day operations of a successful and long established business.

Main duties and responsibilities will involve:

* Negotiating with brokers, studying various insurance proposals by gathering and assessing background information in order to effectively underwrite the risk involved

* To provide support and work with the business development team ensuring all quotations are underwritten commercially to ensure monthly targets are achieved

* You will be responsible for calculating the possible risk and deciding how much individuals should pay for insurance whilst remaining commercial at all times

* Develop an understanding of complex underwriting cases

* Deliver excellent customer service to clients / IFA’s and Brokers throughout

* To underwrite consistently and profitability with all Existing and Renewal risks

* Ensure you are operating within the terms of binding authorities, FCA regulation and TCF

* To identify and challenge non-standard & standard underwriting decisions within the Underwriting Guide and challenge insurers.

* Communicating with the business development team, brokers and clients to understand needs and requirements when underwriting quotations.

* To tackle difficult complex cases head on to gain a more in depth knowledge of non-standard underwriting.

* Demonstrate increased ability for creative thinking and problem solving

* Understand and comply with current operational processes and procedures but also look for ways to improve the way work is currently carried out

* Liaising with insurers to get the possible terms and premiums


* At least one year’s experience in Property Underwriting (commercial or residential)

* An analytical, careful nature with excellent attention to detail and problem-solving abilities

* A confident, personable character with the ability to ask probing questions and challenge information

* Excellent communication skills, both written and verbal

To be considered for this position, please apply through our website or alternativelythrough CV Library

Due to the high volume of CV’s we receive on a daily basis unfortunately we are unable to provide specific feedback on each application. If you have not been contacted after two weeks from the date of your application unfortunately you may have been unsuccessful. We strive to deliver an excellent service to all of our candidates and as such, should you wish to discover the reason you may have been unsuccessful please don’t hesitate to get in touch with us on (phone number removed).

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