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Location:Â Stockton-on-TeesReporting to:Â Underwriting Team Manager
About the Role:
Our client, a leading company in the insurance sector, is seeking a dedicated and detail-oriented Insurance Underwriter to join their team. This role involves managing underwriting functions and risk management on a daily basis. The primary goal is to mitigate risk, ensure accurate policy underwriting, and support staff development through auditing and referrals.
Key Responsibilities:
- Review and authorise referred policies
- Evaluate and mitigate risk
- Operate under the rules of any Delegated Authority in place
- Conduct call audits and provide feedback
- Complete underwriting and risk-related audits
- Generate risk-related reports
- Assist the business in managing risk
- Maintain accurate and up-to-date customer records
- Collaborate efficiently with team members
- Build relationships with insurers and identify new product opportunities
- Identify efficiencies and improvements within systems and processes
- Conduct quality assurance and tracking
- Assist in business transfers in line with company strategy
- Support learning and development across all departments
- Ensure adherence to all protocols
- Proactively manage self-development and learning
- Adopt a proactive approach to challenges and provide assistance to all departments when required
- Demonstrate commercial thinking and decision-making, including understanding loss ratios and their impact on the business
Competencies:
- Thorough understanding of risk and risk mitigation
- Excellent attention to detail and accuracy
- Effective time management and organisational skills
- Strong written and verbal communication skills, including active listening
- Influencing skills and the ability to present a considered argument
- Problem-solving skills
- Self-motivated
- Previous experience in Customer Service, Sales, or Claims teams
- Acturis Super User
Knowledge Required:
- Understanding and application of ‘Treating Customers Fairly’ principles
- Basic understanding of the insurance market
- Thorough understanding of protocols
- In-depth knowledge of products and underwriting guidelines
- Familiarity with insurance terminology
- Comprehensive understanding of compliance, risk, and risk mitigation
- Commitment to continuous professional development
- Cert CII (or working towards)
