Construction Underwriter

Starr Companies; London; On-site; GBP 35,000 - 50,000; Full time

Job summary

Starr Companies, a leading global insurance and investment organization, is seeking a Construction Underwriter. This role involves underwriting profitable business, developing broker relationships, and adhering to underwriting standards. Candidates should possess relevant construction underwriting experience and strong analytical skills, while studying for ACII is advantageous. Join a fast-growing firm committed to developing talent and providing first-class training.

Benefits

Training and development opportunities

Qualifications

• 2-3 years relevant Construction Underwriting experience.

Responsibilities

• Underwrite profitable business following Starr's underwriting standards.
• Develop broker relationships and optimize business opportunities.
• Ensure accuracy of underwriting documentation and compliance.

Skills

Analytical skills

Problem solving skills

Negotiation skills

Decision making skills

Professional writing skills

Strong communication skills

Education

Studying for the ACII

Tools

Eclipse

Salesforce

MS Office

Job description

Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.

Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.

Roles and Responsibilities

• Fully understand the risk and seek further clarity as required.
• Underwrite profitable business in accordance with business plans.
• Adhere to all Starr underwriting standards as outlined in the Underwriting Manual.
• Obtain sign-off for all business that is in excess of agreed authority levels or where any factor falls below rating guidelines.
• Adhere to rating tools and guidelines.
• Ensure that underwriting documentation, both paper and electronic, is accurate, complete, up-to-date and meet Lloyd’s standards.
• Ensure that the policy wordings and clauses are slip referenced and agreed.
• Ensure that all accounts are contract certain at the time of binding.
• Develop broker relationships and optimise opportunities to lead business.
• Explore client and company knowledge to identify and optimise cross-selling opportunities.
• Conduct Quality Assurance (QA) within 2 working days of binding or inception whichever is first.
• Conduct Peer Reviews within 30 working days from QA to check the underwriting rationale, terms and conditions, pricing against Starr guidelines and the completeness of files.
• Reconcile and report all premiums due versus received in order to manage credit control.
• Complete the front sheet to ensure that all required information is included.
• Enter schedule data and quotations accurately into the system.
• Ensure that the reinsurance split in the system matches the underwriting stamp.
• Ensure that the Underwriting Notes are complete.
• Log all bound, quoted, working and declined risks into the business log immediately.
• Ensure that the file is complete and contains all relevant documents. Obtain any outstanding items from the broker or underwriter in readiness for Peer Review.
• Ensure that signings are accurate and are consistent with written confirmations.
• Liaise with brokers to follow up on outstanding renewals.
• Follow up on outstanding quotes with the relevant broker.

Experience

• 2-3 years relevant Construction Underwriting experience.

Skills

• Analytical and problem solving skills;
• Negotiation, judgment and decision making skills;
• Professional business writing and presentation skills;
• Strong communicator, both written and oral.

Systems & IT

• Eclipse;
• Salesforce; and
• MS Office – Excel, Access, Word and Outlook.

Qualifications

• Studying for the ACII

Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.

About Us

Starr Insurance is a global insurance and investment organization providing property and casualty insurance solutions to business and industry, and one of the fastest-growing insurance companies in the world. Our talented and experienced associates manage risk and ultimately support the profitable growth of organizations in a dynamic, competitive and ever-changing marketplace. Join us and become part of our talented and passionate workforce.