Development Underwriter - Technology & Med Tech

Travelers Canada; Birmingham; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance provider in Birmingham is looking for an Underwriter to manage profitability and retention of accounts while underwriting moderate risks. The successful candidate will cultivate relationships with brokers and drive sales for the company's products. A Levels or similar qualification, along with critical thinking and communication skills, are essential. This role requires interaction with diverse teams and may involve travel for meetings. Join us in fostering an inclusive work environment and contributing to business success.

Qualifications

• Good knowledge of products, the regulatory environment, and the local insurance market.
• Ability to analyze financial challenges and make decisions aligned with risk appetite.
• Experience in reviewing competitor press releases for insights.

Responsibilities

• Manage profitability, growth, and retention of assigned business accounts.
• Underwrite and negotiate moderate risks to minimize risk and maximize profitability.
• Cultivate and maintain relationships with brokers to sell products.
• Train and mentor less experienced underwriters.

Skills

Critical thinking skills

Communication skills

Negotiation with brokers

Ability to work with diverse backgrounds

Education

A Levels or similar qualification

Job description

The following describes the key responsibilities, qualifications, and employment practices for the role of Underwriter.

Responsibilities

• Manage profitability, growth, and retention of an assigned book of business comprised of routine to moderately complex accounts across most of our products.
• Underwrite and negotiate moderate risks to minimise risk and maximise profitability, including Mid Term Adjustments (MTAs).
• Proactively manage your portfolio, ensuring KPIs are consistently achieved and actively target new business and retention.
• Identify and take corrective action in collaboration with Manager/Team on individual risk characteristics identified through Portfolio Management.
• Identify and capture opportunities to write additional lines of business using knowledge of products, risk characteristics and appetite.
• Proactively utilise various technology platforms to quote and bind risk efficiently.
• Provide input and support the presentation of Underwriting Reviews for individual policies or portfolios and manage action points.
• Cultivate and maintain relationships with internal partners within the business unit and across the enterprise to identify cross‑selling opportunities.
• Foster and maintain relationships with brokers by phone, email or other communication channels to market and sell Travelers products with a goal of writing and retaining accounts consistent with our risk appetite. Must be able to travel to meetings.
• Develop and execute pipeline plans and support the renewal team in the retention of business that aligns with the team’s sales plans to drive success working in partnership with the sales team.
• Train and mentor less experienced underwriters.
• Support and collaborate with more junior members of the team, including referrals.
• Perform other duties as assigned.

Qualifications

• A Levels or similar qualification.
• Good knowledge of products, the regulatory environment, and the local insurance market.
• Good critical thinking skills with the ability to underwrite, market products, identify financial challenges, and analyse available information to make decisions in alignment with our risk appetite.
• Communication skills with the ability to successfully negotiate with brokers.
• Ability to work with people from different backgrounds, experiences, cultures, races, etc. and view those differences as assets to be leveraged to accomplish business goals and objectives.
• Review competitor press releases and industry trade press for helpful insights, linking key themes together.
• Participate in projects that involve analysis and the implementation of non‑complex, routine business and regulatory changes relating to the enhancement, maintenance or introduction of new products.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting. To learn more about our comprehensive benefit programs please visit our website.