Commercial Lines Underwriter

JR United Kingdom; Paisley; Hybrid; GBP 35,000 - 55,000; Full time

Job summary

A leading name in the Insurance industry is seeking a Commercial Schemes Underwriter to assess a mixed portfolio of risks and underwrite commercial insurance schemes. The role involves developing tailored insurance solutions, engaging with brokers and clients, and ensuring profitability through effective risk assessment and portfolio management. Hybrid working options and professional development opportunities are offered.

Benefits

Professional development opportunities

Performance-based bonuses

Hybrid working options

Qualifications

• Proven experience in commercial insurance underwriting.
• Strong knowledge of risk assessment, pricing models, and policy structures.
• Ability to build and maintain relationships with brokers.

Responsibilities

• Evaluate and underwrite commercial insurance schemes.
• Monitor scheme performance, adjust pricing and coverage.
• Build and maintain relationships with brokers and clients.

Skills

Risk assessment

Underwriting

Analytical skills

Decision making

Relationship building

Proficiency in underwriting software

Tools

Underwriting software

Microsoft Office

Job description

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We are seeking a Commercial Schemes Underwriter to join a major name in the Insurance industry. This role involves assessing a mixed portfolio or risks and underwriting commercial insurance schemes, ensuring profitability while maintaining strong relationships with brokers and clients. You will play a key role in developing tailored insurance solutions that align with business objectives and market trends.

Key Responsibilities

• Underwriting & Risk Assessment: Evaluate and underwrite commercial insurance schemes, ensuring compliance with underwriting guidelines.
• Portfolio Management: Monitor scheme performance, adjusting pricing and coverage as needed to maintain profitability.
• Broker & Client Engagement: Build and maintain strong relationships with brokers and clients, providing expert advice and support.
• Market Analysis: Stay informed on industry trends, competitor offerings, and regulatory changes to enhance underwriting strategies.
• Policy Development: Assist in designing and refining insurance schemes to meet evolving business and customer needs.
• Claims & Compliance: Work closely with claims teams to assess risk exposure and ensure adherence to regulatory standards.

Skills & Experience Required

• Proven experience in commercial insurance underwriting, preferably within schemes.
• Strong knowledge of risk assessment, pricing models, and policy structures.
• Excellent analytical and decision-making skills.
• Ability to build and maintain relationships with brokers and clients.
• Proficiency in underwriting software and Microsoft Office.
• Competitive salary and performance-based bonuses.
• Hybrid working options.
• Professional development and training opportunities.