My client a leading multinational Insurer is looking to add an experienced commercial Underwriter or Assistant Underwriter to their team in Manchester. You will need at least 18 months of UK Property & Casualty Underwriting experience to be suitable for this position and willing to work from their Manchester office at least three days a week.
Key Responsibilities
- Recommends appropriate pricing and coverage modifications or enhancements for risks after complete analysis and consideration of applicant documentation, business factors and competitive situations.
- Prepares quotations and answers questions from Brokers, internal and external contacts and escalates issues as necessary.
- Prepares written communications on adverse underwriting decisions, rate appeals, underwriting requirements, status and declination. Verbally notifies Brokers of decisions where appropriate in order to ensure clear understanding of the decision.
- Analyses quality, quantity, and profitability of risks underwritten and prepares reports for management review.
- May assist in marketing products and services through the brokerage community and makes field visits.
- Develops and maintains positive Broker relationships.
- Keeps current on state/territory issues, regulations and trends.
- Works with more senior underwriters or management on risks exceeding authority level or requiring special handling.
- Develop proficiency in all relevant internal systems.
- May update the underwriting systems.
- May perform additional duties as assigned.
Skills, Knowledge & Abilities
Knowledge of underwriting and insurance industry theories and practices.
- Developing technical expertise and negotiation skills.
- Strong interpersonal and communication skills.
- Ability to effectively interact with peer level and external business partners.
- Ability to work independently.
- Strong analytical and problem solving skills
- Ability to exercise independent judgement and make sound business decisions effectively.
- Strong knowledge of Microsoft Office Suite as well as other business-related software.