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Delegated Authority Scheme Underwriter - City of London (Hybrid, 2 Days on-site)
I am working with a reputable insurance firm in the City of London to find a Delegated Authority Scheme Underwriter. This is an excellent opportunity for a professional with experience in delegated authority account management to take on a key role in managing and maximising the potential of delegated authority schemes.
The Role:
As a Delegated Authority Scheme Underwriter, you will be responsible for managing a designated panel of brokers and collaborating with internal and external stakeholders to drive the profitable growth of delegated authority schemes. You will take a proactive approach in identifying opportunities for improvement and ensuring schemes operate efficiently and profitably.
Key Responsibilities:
- Build and maintain strong relationships with brokers, taking full ownership of generating profitable business.
- Collaborate across Underwriting and Operations to review scheme performance, identify growth opportunities, and enhance profitability.
- Analyse underperforming accounts, working with Senior Underwriters to implement improvement actions.
- Participate in the planning and setting of departmental KPIs and budgets, ensuring alignment with strategic goals.
- Ensure timely and accurate account servicing, assist with premium collection, and support credit control processes.
- Support junior team members by acting as a technical referral point and contributing to their development.
- Perform regular analysis of accounts and prepare reports for internal and external meetings.
- Attend binder renewal meetings, preparing and presenting renewal proposals to the Underwriting Committee.
- Assist in annual cover holder audits, write audit reports, and follow up on audit recommendations.
- Provide insights on competitors, market conditions, and product improvements to senior management.
- Assist in reviewing and updating underwriting guides, rating structures, and business documentation as required.
About You:
- 5+ years of experience managing delegated authority accounts, ideally from an insurance carrier or MGA.
- Proven relationship management skills with excellent communication and negotiation abilities.
- Strong organisational and time management skills to meet deadlines.
- Knowledge of the UK insurance market, including regulatory requirements and underwriting practices.
- Analytical skills with the ability to write reports and proficiency in MS Office, particularly Excel and Word.
- Ability to work independently and as part of a team to meet business objectives.
Preferred Qualifications:
- CII qualification or equivalent.
- Advanced Excel and presentation skills.
- Degree-level education.
Why Join Us?
This role offers an excellent opportunity to take ownership of delegated authority schemes in a supportive and dynamic environment. If you are ready to bring your expertise to a growing organisation, I would love to hear from you.
