Job Title: Underwriter (Casualty)
Job Type: Permanent
Location: London (Hybrid)
Salary: Competitive and based on experience
Keywords: Insurance, Underwriting, Risk, Casualty.
An exciting opportunity has arisen for a seasoned Underwriter to join a leading, diversified specialty insurance and reinsurance company. This role offers the chance to work in an environment that values respect, honesty, trust, and professionalism. The successful candidate will have the opportunity to contribute to the delivery of the divisional business plan, making decisions as appropriate and underwriting a profitable account. This is a fantastic opportunity to develop your career in an exciting and challenging environment where achievement is rewarded.
Key Responsibilities:
Strategy and Planning
- Awareness of and contribution to the delivery of the divisional business plan, making decisions as appropriate
- Contribute and participate in all relevant meetings, in order to share and develop strategy, knowledge and best practice
- Positively promote the department, division and company as a whole, in order to maximize brand leverage
- Apply the reinsurance strategy in order to safeguard the portfolio
Policy, Process and Procedures
- Perform underwriting activities in accordance with all legal and regulatory requirements to ensure obligations are met
- Adheres to underwriting standards, instructions and good practice to minimise risk and maximise efficiency
- Ensure the recording and measurement of insurance risks, including delegated underwriting authorities (DUA's) where relevant, to ensure accuracy and good practice, assisting with the development or modify policy wordings as appropriate
- Understand and comply with any reinsurance requirement to minimize risk and to deliver business plan objectives
Environmental Awareness/Customer Focus
- Use technical knowledge and judgement to refer and support Senior/Underwriters with identifying issues and opportunities
- Establish, develop and strengthen relationships with stakeholders including customers, brokers, business partners and colleagues to maximise influence and achieve business objective
- Demonstrate support for market associations and trade bodies
- Demonstrate understanding and awareness of market dynamics and market cycle to drive and enhance business performance
Technical Performance
- Continually develop expertise and technical knowledge through identifying and implementing appropriate learning and development activities
- Underwriting insurance risks in accordance with the business plan and the delegated underwriting authority to meet business objectives. This includes negotiating rates, terms and conditions for existing and new business (developing or modifying policy wordings as appropriate), ensuring compliance with internal and external regulations and guidelines, ensuring contribution to the business plan and objectives, and support credit control, where required, in payment collection
- Participate in the review and analysis of the portfolio to identify progress towards business objectives
- Ensure all business is thoroughly evaluated by peer review and that risks written adhere to the Company's underwriting standards and individual authority
Skills & Experience:
- Specific professional qualification (CII) (preferable)
- Substantial experience gained within the insurance industry and within Casualty underwriting area
- Strong/established customer/broker relationships
- Experienced in using risk profiling and pricing tools and loss models
- Strong interpersonal and communication skills
- Strong negotiation skill
- Strong customer orientation skill
- Manage conflicting priorities to achieve deadlines
- Able to plan effectively and efficiently
- Ability to collaborate effectively in team environment
- Strong analytical skills using data for decision-makin
- Strong level of numeracy and literacy skill
- Strong attention to detai
- Ability to engage and positively influence colleague
- Proficient in relevant software within Company and division
What's next:
If you're ready to take your career to the next level with this exciting Underwriter role, don't hesitate!
Apply today by clicking on the link!
Our Recruitment Delivery Team are committed to offering an inclusive recruitment experience to all candidates. If you require any accommodations or adjustments as a result of disability, impairment, or health condition, please do not hesitate to let me know by emailing gscemeaedi @ resourcesolutions .com