Underwriter
The Role:
We are recruiting for an underwriter to join our team in our office based in London. This role would suit someone looking to progress in their career for an award winning company within our Underwriting department.
You will actively participate in underwriting team activity ensuring the production of New Business, Renewal and Mid Term Amendment quotations in line with Underwriting guides, service level agreements, and within business operating standards.
Using your experience, you will be responsible for achieving retention targets across a range of insurance products and motivating others to do the same. Ensuring technical compliance and maintaining delegated authority and Insurance Partner relationships.
You will prepare and provide New Business, Renewal, MTA and quotations to Broker Partners based on personal authority limitations, Instigate regular dialogue with Broker partners on allocated renewals to secure renewal instruction and achieve individual and collective targets and provide accurate and compliant New Business, Renewals and Mid-term adjustments in line with pricing levels, risk selection criteria and ensure income and conversion.
Responsibilities:
- To prepare and provide Renewal and MTA quotations to Broker Partners based on personal authority limitations
- Provide accurate and compliant New Business, Renewals and mid-term adjustments in line with pricing levels, risk selection criteria and ensure that income & conversion objectives are achieved
- To oversee all administrative duties required in connection to the above which includes but is not limited to, processing & administering policy documentation, initiating & monitoring surveys, mid-term adjustments, renewal review & negotiation & claims monitoring
- Build excellent working relationships with delegated authorities and supporting brokers
- Maintain accurate and detailed records of all customer contact and ensure the delivery of high-quality service, appropriate to needs of Broker or Insurer needs.
- Underwrite business according to current strategy within individual level of delegated authority
Experience:
- Minimum 2 years experience working in an underwriting role
- Proven understanding of commercial business underwriting
- Good technical knowledge of commercial business, including commercial combined and property classes
- Proven understanding of underwriting guidelines for all transactions (new business, renewals, endorsements, cancellations, etc.). and ability to demonstrate a working knowledge of the Irish market
Further information
As well as a competitive salary we offer the following benefits -
- Competitive holiday allowance with the annual option to buy additional days
- Death in Service benefit of x4 salary
- Company pension scheme
- Enhanced maternity and paternity leave packages
- A flexible benefits package which allows you to add additional benefits to your overall package
- Our benefits portal offers discounts on technology & electronics, cinemas, restaurants, days out, mortgage advice, travel and many more
- Referral schemes
- Discounted rates on PIB products
- We offer a first-class employee benefits and welfare package to support our employees with financial management, cycle to work scheme, counselling support, health screening, will writing, menopause support, books, stopping smoking and much more
- If supporting the local community, engaging with charities and having the opportunity to ‘give something back' interests you, you have the opportunity to take an extra day to support this with a Volunteering day.
- We also offer a wide range of discounts including a kids pass – giving you discount to over 4500 attractions and activities, discounts at hairdressers and beauticians, climate change projects with lots of other options to choose
- PIB has a comprehensive learning & development framework, including professional study options and apprenticeships which are available to all employees, and which will support your career development
- Being a part of our PIB Community Trust, we support fundraising where you can apply for grants from PIB Group towards your chosen charity
- PIB Group are committed to improving their environmental impact in a responsible way. From the individual actions that our colleagues take every day through to installing the right facilities across our premises, there are many measures in place to help reduce PIB's carbon footprint.
We are proud of our success and growth and have been recognised for many industry awards across our business. If you wish to work for a company that truly puts people at the heart of their organisation, then we would love to hear from you. PIB operates a flexible working policy, and our management teams will talk to you about how that would meet both your flexible working needs and those of the business and role you are applying for. We would love to hear from you if you want to hear more about opportunities in PIB.
We are an equal opportunities employer, committed to hiring a diverse and inclusive workforce. We do not discriminate on the basis of race, colour, gender, religion, disability, age, sexual orientation or any other characteristic protected by law.
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