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Commercial Underwriter
Hybrid - Ideally at least one day from the Basildon office
Salary: £40,000p.a. + bonus + benefits including share options.
Fantastic Opportunity for experienced Underwriter to join this highly successful global insurance group and Lloyd’s underwriting agency to work Hybrid from their office in Basildon, Essex. Great promotional prospects.
The client is looking for an experienced Underwriter with General Insurance (Non-standard even better) knowledge, ideally covering as many areas as possible. The role of the underwriting department is to evaluate the risk and exposures of customers for new business, mid-term adjustments and renewals from a network of brokers in the UK and Ireland. Quoting, converting and retaining business to meet budget and underwriting performance targets for the range of specialist insurance products in the company’s eTrade, facultative and sub binder distribution channels.
Purpose
To underwrite the full range of products from all distributions.
Achieve both new business and renewal GWP income budgets.
Duties
- Underwrite in accordance with the company’s Internal Underwriting Guide and the Underwriting authority awarded.
- Trade with Brokers to maximise conversion and retention within your authority.
- Monthly reporting to Line Manager.
- Renewal/Existing and New Business Control.
- Take underwriting referrals from other offices, when outside individuals level of authority.
- Understand/support and drive income, conversion and retention objectives.
- Conduct Peer Reviews as allocated and as per PP003 - UNDERWRITING PEER REVIEW PROCESS.
- Assist in the development of new and existing products.
- Deal with incoming enquiries from clients, insurers and other third parties in a professional and timely manner.
- To underwrite taking all necessary care to protect the interest of our capacity providers.
- Carry out macro underwriting tasks as required.
- Perform other duties from time to time as determined by the management.
Experience Required
- Previous Underwriting experience within an MGA, insurance company or Lloyds Syndicate.
- Cert CII or Dip CII essential.
