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Motor Trade Development Underwriter

Lawes Consulting Group
Posted 18 hours ago, valid for 12 days
Location

Birmingham, West Midlands B27 6QS, England

Salary

£35,000 - £42,000 per annum

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Contract type

Full Time

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 Motor Trade Development Underwriter position offers a salary of £65,000 D.O.E and is based in Birmingham with hybrid working options.
  • The role requires strong knowledge of underwriting principles, particularly in motor trade and motor fleet, along with excellent analytical and decision-making skills.
  • Key responsibilities include analyzing and underwriting motor trade insurance, negotiating terms with brokers, and serving as a referral point for other underwriters.
  • Candidates should have a proven track record of building relationships with brokers and possess effective communication and negotiation abilities.
  • Experience in the field is essential, and the role also involves ongoing training and monitoring industry trends to enhance underwriting strategies.

Job title: Motor Trade Development Underwriter

Salary: £65,000 D.O.E

Location: Birmingham - Hybrid working 

PURPOSE OF ROLE 

We are seeking a dynamic and experienced Motor Trade Development Underwriter to join our clients' team. As a Motor Trade Development Underwriter, you will play a key role in analysing, evaluating, and underwriting motor trade and motor fleet insurance business, while ensuring compliance with company guidelines and industry regulations. You will have the opportunity to work with a talented team in a collaborative and inclusive environment.

RESPONSIBILITIES 

  • Serving as an integral member of the Motor Trade team, you will contribute to the development and execution of branch plans for the product and revenue lead.
  • You will represent the business in presenting proposals for larger MM and MC risks, leveraging industry knowledge and technical underwriting expertise, tailored to the scale and complexity of each case.
  • Negotiate coverage, terms, and pricing that distinguish the company in addressing customer needs
  • Underwrite profitable new business in line with established underwriting controls and practices, while acting as a referral point within the branch for New Business and, when needed, renewals
  • Underwrite large or complex risks within your designated authority. Build and maintain strong underwriting relationships with key brokers to drive profitable growth.
  • Serve as a referral point for Underwriters, providing guidance, coaching, and training to enhance the team's technical expertise and trading skills.
  • Follow underwriting guidelines and hold regular reviews with the Branch Underwriting Manager.

EXPERIENCE 

  • Strong knowledge of underwriting principles and practices, with a focus on motor trade and motor fleet
  • Excellent analytical and decision-making skills
  • Effective communication and negotiation abilities
  • Proven track record of building and maintaining productive relationships with brokers and agents
  • Proficiency in utilising underwriting software and Microsoft Office suite

DAY-TO-DAY 

  • Review motor trade and fleet insurance proposals
  • Communicate with brokers to gather information and discuss decisions
  • Work with internal teams for smooth policy processing
  • Monitor industry trends to adjust strategies
  • Engage in training to improve underwriting skills

If you have the relevant experience or know someone that does please contact me now on 07458 162842 or email us at  

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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.