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Commercial Underwriter - Property & Casualty

MPJ Recruitment Ltd
Posted a day ago, valid for 20 days
Location

Birmingham, West Midlands B27 6QS, England

Salary

£35,000 - £42,000 per annum

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Contract type

Full Time

Retirement Plan
Life Insurance

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • The position is for a Commercial Underwriter specializing in Property & Casualty, offering a salary of up to £50,000 depending on experience.
  • Candidates must have proven experience in Commercial Underwriting, particularly within the UK General Insurance market.
  • The role involves underwriting business profitably and contributing to the acquisition of new business while maintaining relationships with brokers and customers.
  • A Dip CII qualification or progress towards ACII, along with strong analytical and negotiation skills, is required for this position.
  • Additional benefits include an annual performance-based bonus, a contributory pension scheme, and up to 28 days of annual leave.

Commercial Underwriter - Property & Casualty - Hybrid Working - up to £50,000 (DOE)

We have opportunities for several Commercial Underwriters with proven experience in Property & Casualty to join our clients Commercial Insurance Department helping their customers and brokers in the UK. Our clients Commercial Insurance unit is responsible for managing all claims relating to Commercial Property, Casualty, Motor Engineering and Commercial Motor.

What you'll be doing:

As Commercial Underwriter you’ll help drive and transform how we partner our broker portfolios, through responsive, flexible, and collaborative relationships. With a strong balance of technical and trading capability, you’ll be empowered to make decisions, supported by data, insight, and decision support tools on mobile technology to succeed. You will be focused on developing and delivering profitable growth, through our existing book of business, as well as contributing to the acquisition of new business.

  • Underwrite Property & Casualty business profitably, accurately, consistently and in line with established underwriting practices, using the full range of tools available.
  • Build a reputation as a trading expert with a panel of intermediaries and build confidence in the branch ability through interaction with our Underwriting Technical Centre.
  • Contribute to meetings with brokers and end customers to portray capabilities and secure new business opportunities.
  • Identify poorly performing accounts and investigate reasons for lack of retention. Agree and implement actions with senior underwriter, TTM & AM to increase retention.
  • Actively encourage retention of profitable business.

Experience required:

  • Commercial Underwriting experience is essential for this role.
  • Keep an open mind: Keen to learn and challenge the status quo, able to approach tasks from different perspectives while focusing on helping colleagues and customers.
  • Stay curious:You’ll be perceptive of what our customers and the market wants and bring that knowledge into your work, whilst making the most of our clients development opportunities.
  • Be a team player:Able to use your unique skills and knowledge to collaborate with your colleagues, take accountability and discover new ways of doing things.
  • Dip CII Qualification or working towards ACII qualification.
  • Exposure to the UK General Insurance market.
  • Commercial awareness, negotiation skills, ability to build strong broker relationships.
  • Pragmatic and confident decision maker with good numerical reasoning skills.
  • Strong analytical skills with proven experience of account monitoring and action planning.
  • Technical underwriting expertise in a composite insurance environment (non-package).
  • Sound knowledge of legislative and regulatory requirements for insurance (including treating customers fairly).

Salary & Benefits:

  • Competitive annual salary
  • Annual company & performance-based bonus
  • Contributory pension scheme (up to 12% employer contributions)
  • Life Assurance (up to 10 x annual salary)
  • 25-28 days annual leave plus Bank Holidays - grade dependent
  • Opportunity to buy up to 5 extra days leave or sell up to 3 days leave
  • Gym benefits

In the first instance please apply to this advert by forwarding your CV to MPJ Recruitment Ltd, where one of our consultants will be in contact. However, preference will be given to those who match the criteria and experience.

Apply now in a few quick clicks

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.