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Commercial Underwriter

Employer
Lawes Consulting Group
Location
UK
Salary
Competitive
Closing date
22 May 2022

View more

Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
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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:-

Tel:

Email:
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