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Development Underwriter - Commercial Insurance

Lawes Consulting Group
Posted a day ago, valid for 11 days
Location

Stowmarket, Suffolk IP14, 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 position of Commercial Development Underwriter is a permanent role based in East Anglia with a salary of £50,000.
  • Candidates are required to have a minimum of 4 years of underwriting experience and a proven ability to build strong relationships with stakeholders.
  • The primary responsibilities include underwriting new business, developing relationships with brokers, and achieving personal and business objectives related to gross written premium (GWP) and loss ratios.
  • The role emphasizes delivering high-quality service to Network Partners while ensuring compliance with service level agreements (SLAs) and company policies.
  • Successful candidates will demonstrate a track record of high conversion rates and effective trading methods.

Job Title - Commercial Development Underwriter  

Contract - Permanent

Salary - £50,000

Location - East Anglia

Main Role:

  • Delivery of budget by securing conversion through high quality lead to quote rates
  • Underwrite on a case by case basis, to achieve personal and business objectives for GWP and loss ratio
  • To deliver a high-quality service to Network Partners and ensure adherence to the published SLA's
  • To develop high quality relationships with Brokers and across the Network by undertaking frequent Broker visits and liaising with the BDM community
  • Provide effective, economical and compliant Underwriting Services adhering to TCF

Core Competencies:

  • Minimum 4 years Underwriting experience with a strong ability to forge good relationships and manage stakeholders
  • A successful track record of high conversion rates through strong trading methods

Principal Responsibilities:

  • Underwriting of new business, by producing terms and converting business. This should at all times be geared to achieving the businesses annual target loss ratios.
  • To develop high quality relationships with Brokers by undertaking frequent Broker visits to develop the broker account and actively promote the organisation and associated products
  • To develop trading methods to secure high conversion through successful lead to quote rates
  • To comply with Binder, procedures and underwriting authority levels.
  • To achieve personal and business objectives.
  • Ensure service standards are achieved.
  • Work collaboratively with other parts of the organisation, when required.
  • To take responsibility for complaints ensuring that the company procedures are adhered to, to reflect Company policy and ensure fair treatment of customers.
  • To undertake training in line with agreed objectives and keep up-to-date with technical, legal and market developments via use of e-learning, internal training and reading market related material.
  • The jobholder will be responsible for adhering to all the Group's procedures and policies in relation to the identification and management of potential conflicts of interest and for the fair treatment of customers and will ensure they follow the systems and controls operating to ensure that this is the case.
  • To undertake any other task as may reasonably be required by the Company.

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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.