Property Underwriter

Financecolombia; Madrid; Presencial; EUR 45.000 - 60.000; Jornada completa

Descripción de la vacante

A leading financial services firm is looking for an Underwriter to join their team in Madrid. The successful candidate will contribute to the annual business plan by applying their expertise in Property risk underwriting. Responsibilities include performing underwriting activities, maintaining compliance with regulations, and establishing relationships with stakeholders. Applicants should have 4 to 5 years of relevant experience along with strong analytical, communication, and negotiation skills. This role is an excellent opportunity for those seeking to excel in the underwriting domain.

Formación

• 4 to 5 years of experience in Property risk underwriting.
• A high level of numeracy and literacy.
• Proven organizational, prioritization, and analytical skills.
• Demonstrable interpersonal, communication, and negotiating skills.

Responsabilidades

• Contribute to the delivery of the annual business plan for the respective business unit.
• Apply the reinsurance strategy to safeguard the Property portfolio.
• Perform underwriting activities in accordance with all legal requirements.
• Establish and develop relationships with stakeholders.

Conocimientos

Analytical Thinking

Communication

Customer Service

Problem Solving

Negotiation

Risk Management

Herramientas

Excel

Descripción del empleo

Location

Oviedo, Municipality of Oviedo, Asturias, Spain

Job Overview

Reporting into the Property Portfolio Manager; to underwrite business in accordance with the business plan and within delegated underwriting authority.

Responsibilities

• Contribute to the delivery of the annual business plan for the respective business unit by making appropriate decisions
• Apply the reinsurance strategy in order to safeguard the Property portfolio
• 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
• Perform underwriting activities in accordance with all legal and regulatory requirements to ensure obligations are met
• Adhere to underwriting standards, instructions and good practice to minimize risk and maximize efficiency
• Ensure the recording and measurement of insurance risks, (including DUA’s if relevant) to ensure accuracy and good practice
• Understand and comply with any reinsurance requirements to minimize risk and to deliver business plan objectives
• Establish, strengthen and develop relationships with stakeholders including customers, brokers, business partners and colleagues to maximize influence and achieve business objectives
• Demonstrate an understanding and awareness of market dynamics and market cycle to enhance business performance
• Maintain expertise and team knowledge through identifying appropriate learning and development activities
• Underwrite insurance risks in accordance with the business plan and the delegated underwriting authority to meet business objectives including:
  • Negotiating rates terms and conditions for existing and new business
  • Compliance of production and issue of contract certainty documentation (non Lloyds)
  • Ensuring compliance with internal and external regulations and guidelines
  • Ensuring contribution to the business plan and objectives
  • Support credit control in payment collection
  • Participate in the review and analysis of the portfolio to identify progress toward business objectives
  • Ensure entries are properly and promptly recorded on EO systems to ensure accuracy of data in relation to:
    • Underwriting
    • Aggregate exposures
• Contribute to the aggregate management and peer review processes to encourage and develop excellence

Qualifications

4 to 5 years of experience in Property risk underwriting

• A high level of numeracy and literacy
• Proven organizational, prioritisation and analytical skills
• Demonstrable interpersonal, communication and negotiating skills
• Ability to analyse data and use for decision making
• Attention to detail
• Excellent teamwork skills: ability to collaborate effectively with colleagues and contribute to a positive environment

Preferred Competencies & Skills

• Thorough understanding of class specific underwriting and reinsurance knowledge
• Proven knowledge of relevant Property market conditions
• Familiar with relevant QBE underwriting systems
• Intermediate level understanding of relevant software including Excel and other departmental software packages
• Knowledge of legal and regulatory requirements
• Knowledge of QBE underwriting process and procedures including EPA’s
• Strong proficiency in English

Skills

• Analytical Thinking
• Business Management
• Communication
• Critical Thinking
• Customer Service
• Financial Modeling
• Financial Products
• Insurance Underwriting
• Intentional collaboration
• Managing performance
• Negotiation
• Problem Solving
• Risk Appetite
• Risk Management
• Stakeholder Management

Equal Employment Opportunity

Equal Employment Opportunity: QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.