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Private Clients Underwriter

Massenhove Recruitment Limited
Posted a day ago, valid for 22 days
Location

London, Greater London EC2V 7WS, England

Salary

£60,000 - £72,000 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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  • Our client is seeking an Underwriter to develop, negotiate, and profitably underwrite new and existing private client business.
  • The role requires a strong background in household insurance products, with a focus on building relationships with brokers and achieving sales targets.
  • Candidates should have at least 3 years of experience in the M/HNW market and possess a Cert CII MID qualification in HNW Underwriting.
  • The position offers a competitive salary of £45,000 to £55,000 per year, depending on experience.
  • Ideal candidates will demonstrate strong analytical, organizational, and communication skills, and have a collaborative team mindset.

Purpose of Role/Job Overview

Our client is looking for someone to develop, negotiate and profitably underwrite new/existing private client business within own authority and in line with strategy.

You will need to build and maintain strong relationships with brokers and use your knowledge of household insurance products and services to underwrite risks, increase sales and actively drive the business forward.

Key Accountabilities

Underwriting of new business & renewal risks under a variety of delegated binding authorities. Must understand underwriting within parameters of binders

Work towards our daily targets of workflow and phone management as well as our agreed service level agreements.

Work towards our monthly targets of GWP, conversion, and retentions.

Liaise directly with insurers on technical referrals

Build and maintain strong relationships with key trading partners to maximize influence

Conducting MTA’s, Cancellations, and general referral queries

Act as a point of technical referral to the Underwriting assistant(s) as well as providing support, assistance and training.

Understands the impact of claims and risk management on the performance of a case and demonstrates an ability to underwrite taking these factors into account

Must have good knowledge of the M/HNW market

Other Activities, Duties and Responsibilities

Maintain good working relationships with all internal departments.

Demonstrate "model behaviours".

Comply with all legal, regulatory and contractual requirements to ensure obligations are met.

Contribute to wider business activities.

Understanding company position in the marketplace and key competitors

Desired Skills / Qualifications

Cert CII

MID - HNW Underwriting Knowledge

A strong sales mindset with the ability to build relationships and develop close rapport with brokers.

A collaborative team player who understands that their team’s success is their own success.

Ability to learn and adapt to change.

Desire/ability to work successfully in a small company environment.

Strong knowledge of legal and regulatory requirements.

A high level of numeracy, analytical and literacy skills.

Strong organisational and prioritisation skills.

The ability to influence actions and attitudes of others through leading by example.

Good communication skills, ability to coach and develop others.

MI and analytical skills.

Along with our client, we are committed to a diverse workforce and as such recruit from a wide available pool of talent, with the hiring, assessment and selection process being fair, free from bias and one which ensures the right person is selected for the job, based on merit. We treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.

A copy of our D&I policy can be made available upon request.

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.