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Property Trading Underwriter
Hybrid - 2 to 3 days from the Basildon or London office/from home.
Salary: to £50,000 p.a. + bonus + benefits including share options.
Fantastic Opportunity for experienced Property Trading Underwriter with non-standard underwriting to join this highly successful global insurance group and Lloyd’s underwriting agency to work Hybrid from their office in Basildon or London. Great promotional prospects.
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.
The Property Trading Underwriter is responsible for real estate underwriting, in a cost-effective manner and in accordance with statutory and company requirements/guidelines to ensure profitability and business targets are met. They are also responsible for achieving both New Business and Renewal GWP and Income budgets. Building new and maintaining existing relationships with our Brokers and partners to maximise conversion and retention whilst maintaining profitability.
Duties for Property Trading Underwriter:
- Underwrite new business and renewal cases in accordance with the internal underwriting guide and authority awarded
- Trade with Brokers to maximise conversion and retention
- Manage the day-to-day handling of Renewal/Existing and New Business
- Carry out underwriting file reviews and feedback
- Contribute to drive income, conversion and retention and meet associated objectives
- Support the development of new products
- Perform other duties from time to time as determined by the management
- Deal with incoming enquiries from clients, insurers and other third parties in a professional and timely manner
- Underwrite taking all necessary care to protect the interest of our capacity providers
- Carry out macro underwriting tasks as required
Experience Required for Property Trading Underwriter:
- Previous Property Underwriting / Real Estate Underwriting experience essential.
- Non-Standard Underwriting experience within an MGA, insurance company or Lloyds Syndicate ideal.
- Cert CII or Dip CII essential.
