The Role: Development Underwriter - Property Owners
Location: Croydon - Hybrid - 2 days in office and 3 days WFH
- To develop our New Business proposition in line with KPI's, NB targets (team and individual) by providing quotations in line with our underwriting strategy within the boundaries of your authority and guides whilst meeting agreed SLA's and within business operating standards.
- Using your experience, you will be responsible for developing key relationships with brokers whilst identifying and building key new business pipelines.
- Using your experience, you will be responsible for achieving personal NB targets whilst contributing to the division's overall targets and objectives.
- You will ensure that all documentation is in line with all underwriting guides service level agreements and within business operating standards.
- You will maintain SLA's by providing an excellence in service and TCF through adherence to company procedures and regulatory requirements.
Key Responsibilities:
- To prepare and provide New Business quotations to Broker Partners based on personal authority limitations.
- Provide accurate and compliant underwriting of the business in accordance with our underwriting and processes guides, location perils and exposure systems, claims reviews and underwriting experience to assist in binding quality business to achieve profitable growth.
- Instigate regular dialogue with Broker Partners on enquiries to secure successful instruction and achieve individual & collective targets.
- Manage Insurer surveys in accordance with the survey criteria. Diary to ensure surveys are completed within deadlines and deal with any breaches highlighted. Follow up on risk improvement requirements to ensure they are implemented.
- To oversee all administrative duties required in connection to the above which includes but is not limited to, processing & administering policy documentation.
- To act as a Technical Referral, point & mentor for other Team members as required.
- To assist the business with the training of other Team members and peers as required.
- Contribute to a successful audit score both on individual and business audits.
- To ensure a robust QA review process is adhered to.
- Achieve individual income targets ensuring you work as part of the team.
- Contribute to the wider achievement of team and business unit targets by delivering on all monthly KPIs.
- 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.
- Acquire and maintain accurate level of appropriate technical, product and regulatory knowledge and skill in accordance with the Training and Competency requirements, working to exceed minimum T&C competency levels.
- Underwrite business according to current strategy within individual level of delegated authority
- Attend business functions as required.
Experience & Knowledge:
- Minimum 5 GCSE, Grades A-C including English and Maths.
- Experience of working within a Regulated FCA environment desirable.
- Previous experience in a new business, sales, or development underwriting role.
- Good history of achieving new business objectives.
- Ability to demonstrate a working knowledge of Property wordings and products.
- Good technical underwriting knowledge of property classes.
- Understanding of the Broker market & ability to develop effective broker relationships.
- Proven understanding of underwriting guidelines for all transactions (renewals, endorsements, cancellations, etc.). and ability to demonstrate a working knowledge of market.
- Works well under pressure and ability to adapt and remain flexible in approach.
- Computer Literate and able to work on new systems to record and produce accurate MI.
- You will have a positive and helpful attitude working as part of a team and be able to work under pressure, adapt and be flexible in your approach.
- Minimum Certification CII qualification, working towards Diploma or ACII
- 5 years+ Property Owners underwriting experience.
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
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