Property Underwriter

Overview

An exciting and challenging role for the right candidate in a fast paced environment, with plenty of opportunities to broaden your underwriting experience. The successful candidate will underwrite non-standard property insurance on a range of product types, using in house practices and working within binding authority guidelines. You will have the opportunity to apply your own judgement and experience to your cases to ensure a good balanced of a commercial approach while protecting the performance of the book.

 

Job Purpose

•           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

 

Key Result Areas

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

•           Dealing with any incoming quotation enquiries both with clients and

            brokers ensuring we are underwriting commercially to secure the sale.

•           To underwrite consistently and profitability with all new business risks

•           Authorising new business policies underwritten within the New

            Business Underwriting Team.

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

•           Supporting and working with the business development Team in             reaching set targets.

•           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

•           Underwriting new business risks presented both on the inet3 trading

            platform and Beazley’s system

•           Understating brokers requirements and what’s required to secure the

            sale when underwriting quotations

•           Able to work under pressure and in a fast-paced environment 

•           Keeping accurate records of discussions or correspondence with

            customers 

 

Skills and Competencies

•           Excellent communication and negotiation skills both over the

            telephone and in writing

•           Problem Solving

•           Computer literate 

•           The understanding to “think outside the box” and make commercial

            underwriting decisions

 

Qualifications

•           Qualified to Cert CII level or working towards this

•           A-Level Standard Qualifications

 

Technical Experience

•           In depth understanding of Residential Property Insurance

•           In depth understanding of Property Insurance Sales and/or

            Underwriting

•           General Understanding of Property Insurance Claims

•           General Understanding of FCA GI Regulation

 

Experience Required

•           A minimum of 1 year experience in Property Insurance and/or

            Underwriting

 

Key Relationships

Internal

Business Development Executives           Provide Support and Technical 

                                                                   Advice 

Underwriting Support                                 Provide Support and Technical

                                                                   Advice 

Underwriters                                     Provide Support and issue resolution

Compliance Officer                         Obtain Regulatory/Compliance Advice

 

External

Clients                       As required in the course of the sale of insurance

                                    products

Agents                       As required in the course of the sale of insurance

                                    products

Brokers                      As required in the course of the sale of insurance

                                    products

Claims Handlers      As required in the course of the sale of insurance

                                    products