Existing Business Trading Underwriter - Leeds or Manchester (Flexible Home Working)
Posted: 02 April 2024
Job description
We are very pleased to be working with this very reputable and professional insurance company who is seeking an experienced Existing Business Trading Underwriter either based in Leeds or Manchester. Our client has maintained a reputation as one of the best property casualty insurers in the industry for over 160 years.
The Opportunity
This role is responsible for being the primary underwriter for the management and underwriting of an allocated renewal book in accordance with underwriting authority for an assigned broker panel; having secondary responsibility, supporting the Development Underwriter, producing and writing new business from assigned broker panel in accordance with underwriting authority; making sound underwriting decisions; supporting Branch in consistently achieving financial plan (premium, loss ratio, retention, commissions, pricing, new business, and expense management) through superior service, business retention and responsiveness to new business submissions; interacting and collaborating with the team, Regional Underwriting Offices, Market Segment Colleagues and other critical internal/external business associates; delivering a service delivery to brokers and clients in accordance with Travelers standards.
Primary Job Duties & Responsibilities
- Underwrite and assess risk to maximise business growth and profitability for allocated broker panel.
- Make appropriate decisions within own underwriting authority in addition to considered, intelligent and complete recommendations to technical underwriting/business leadership.
- Make prompt, sound decisions within underwriting authority and based on appropriate underwriting information. Negotiate terms and conditions consistent with underwriting requirements and service.
- Understand and execute company’s underwriting strategies and principles to produce budgeted results.
- Working with Development Underwriter on same broker panel, continuously manage book of business, maintaining quality of business, growth and profit.
- Actively engage and seek out training opportunities to further develop underwriting expertise.
- Develop and leverage broker/client relationships through a high level of visibility and using a disciplined sales management approach (e.g., planning and follow-up for broker and customer visits/meetings) in support of business objectives.
- Working with Distribution, effectively assist in the development, documentation and execution of sales plans with emphasis on increasing marketing and sales activities outside the office.
- Actively participate in regularly scheduled regional and product underwriting and/or sales meetings.
Minimum Qualifications
- Previous experience of underwriting in Property and Casualty classes of business.
- Education, Work Experience, & Knowledge
- Degree education preferred.
- Proven experience in underwriting.
- General knowledge of the local insurance marketplace.
- General knowledge of organisational and regulatory rules, policies and procedures and effectively employs that knowledge in day to day work activities.
- General knowledge of technical underwriting
This is a fantastic opportunity and the company fully support career development and progression within and there would be a great deal of autonomy with this role.
They would also consider candidates wishing to make the next step up, so if you have a pro-active approach and willingness to succeed this could be the ideal career move.
Dependent on experience, the basic salary is from £45K to £60k (Possibly more) with excellent additional staff benefits. The company could also consider if you are due a bonus next year, to offset this within their offer of employment so you don’t miss out on any financial incentive.
If you would like to find out more regarding this opportunity, please contact Andy Baker on 07834 596414/0113 4931720, or email andy@cryerbaker.co.uk
