X2 Corporate Underwriters - North & South (Hybrid Working)

Posted: 19 April 2023

Job description

We are very pleased to be working again with this very reputable and professional insurance company who is seeking 2 experienced Corporate Underwriter. Our client has maintained a reputation as one of the best property casualty insurers in the industry for over 160 years.

There are 2 positions currently available where they are looking for someone to be situated North or Birmingham and 1 South of Birmingham.

What Is the Opportunity?

You will be the primary underwriter for the management and underwriting of allocated Corporate renewal book in accordance with underwriting authority; having secondary responsibility, supporting the Corporate team, producing and writing new business from brokers across the UK in accordance with underwriting authority; making sound underwriting decisions; supporting Corporate business and our Branch colleagues 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 the company’s standards.

What Will You Do?

• 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 the company’s underwriting strategies and principles to produce budgeted results.
• Think widely and execute your role with a view to customer engagement within the Corporate Business sector.  Their Client Service proposition includes engagement with key stakeholders such as Distribution, Claims, Risk Engineering and other areas of the business.  Your inclusive behaviour will demonstrate the company’s engagement across the business.
• 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. Work tactically with brokers to ensure they have an appropriate level of understanding of the company’s goals and objectives.
• Actively participate in regularly scheduled regional and product underwriting and/or sales meetings.

What Will an Ideal Candidate Have?

• ACII qualification 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.
• Good knowledge of technical underwriting.
• Intermediate knowledge and ability required in respect of analytical thinking, judgment, decision making, communication and strong team work. Demonstrates proven ability in enhanced retention strategies.
• Demonstrates intermediate ability in the areas of customer focus and positive broker interaction.
• Typically demonstrates intermediate relationship management skills.

What is a Must Have?

• Previous experience of underwriting in Property and Casualty classes of business.
• Incumbents are required to hold a full, valid driving licence.

Dependent on experience, the basic salary is quite varied and could range between £60k to £100K plus, and with excellent additional staff benefits in addition.

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