Commercial Underwriter

Job Title: Commercial Underwriter

Location: Maidstone, Kent Package: Up to £40k, depending on experienceJob Type: Permanent

Rolepurpose:

• The primary responsibility is to Underwrite the company's book of commercial business in accordance with written underwriting guidelines and an allocated personal underwriting authority.
• The position will also additionally require the candidate to assume some responsibility for ensuring administrative and support tasks are accurately complied with.

Duties will include:

Reviewing underwriting submissions; carrying out wording reviews; processing work; liaising Risk Modelling. Supporting the management of the account in conjunction with the business strategy, financial plan and personal objectives. Maintaining / fostering good relations with brokers.

Position Reports to:

Key Responsibilities:

• Underwriting new and renewal business in accordance with personal underwriting authority and assisting the department underwriters in other underwriting activities.
• Underwriting a balanced & profitable account.
• Provide service in line with broker requirements, ensuring service standards are achieved in line with business requirements.
• Enter submissions, quotes and bound policies in the underwriting system.
• Handle referral cases whilst adhering to individual authority level.
• Work collaboratively with other parts of the organisation when required.
• Support the development of profitable intermediary relationships to develop and retain business.
• Ensure survey requests , survey reports and Risk Improvements are processed in line business process and individual authority level.
• Maintain technical, legal and market knowledge and develop personal knowledge, skills and technical underwriting authority.
• Maintain awareness and understanding of business underwriting appetite and strategy.
• General duties associated with day to day underwriting operations, including file preparation, general filing, answering telephones etc
• As an employee of an FCA regulated company, you will be required to undertake regular training, study and assessment must therefore be undertaken to ensure this.

Role Requirements:

Skills / Competencies:

Business Expertise/ technical knowledge:

• High level of Commercial Insurance knowledge plus class of insurance knowledge specific to team and products traded.
• Knowledge of external markets.
• Numeracy, rating & analysis skills.
• Reporting, data and MI production
• Company wordings and products
• Understanding of & compliance with agreed underwriting authority
• Problem solving, negotiation & decision making
• Regulatory & compliance awareness

Financial Targets:

• Delivery of allocated budget.
• Contribute to Company loss ratio targets.

Personal Skills:

• Sales and negotiation skills
• Professional
• Reliable
• Good organisational skills
• Prioritisation
• Dealing with difficult situations
• Takes responsibility
• Strong interpersonal skills
• Presentation skills
• Time management
• Written & verbal communication
• Service focussed
• Able to work with little supervision

Relationship Management:

• Build key relationships with internal & external customers

Education/ Experience:

• Education - Minimum 5 GCSE's Grade C or above.
• Skills - Proficient in Windows based applications, in particular Excel.
• Professional Certification - Progress towards a CII qualification preferred
• Experience- Minimum 3 years' experience in the Commercial Insurance industry (Property, Package, Casualty Risks) desirable

For a full brief please contact one of our specialist consultants:-

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