Financial Lines Underwriter

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

Job summary

A leading underwriting firm in Birmingham is seeking a Senior Professional Indemnity Underwriter to drive profitable growth and develop strategic relationships while evaluating risks. The ideal candidate will possess CII certification and experience in professional indemnity underwriting. This role offers competitive compensation and comprehensive benefits including health plans, pension contributions, and generous holiday options.

Benefits

25+ days holiday

Pension scheme with contributions

Life insurance covering 4x salary

Income protection

Health benefits including medical insurance

Volunteering days

Employee stock purchase plans

Gym discounts

Qualifications

• Experience in professional indemnity underwriting is required.
• Familiarity with the local insurance marketplace is essential.

Responsibilities

• Evaluate and underwrite risks according to guidelines.
• Seek new business opportunities within existing relationships.
• Collaborate with brokers for portfolio servicing.

Skills

Analytical thinking

Customer focus

Positive broker interaction

Education

Chartered Insurance Institute (CII) Certification

Job description

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Overview

As a Senior Professional Indemnity Underwriter at Manchester Underwriting Management, a division of Pen Underwriting, you will play a pivotal role in fostering the sustainable growth of the Professional Indemnity portfolio. Your responsibilities will include:

• Driving profitable premium and conversion growth.
• Contributing to the development and implementation of underwriting strategies.
• Steering the strategic direction of the business and its products.
• Building and nurturing relationships with new brokers, while maintaining existing broker and insurer partnerships.

Key Responsibilities

• Risk Assessment and Underwriting: Evaluate and underwrite risks in line with underwriting philosophy, rules, and guidelines. Use rating tools, pricing methodologies, and documentation standards to maximize growth and profitability.
• Business Development: Seek new business opportunities within existing relationships and the broader market.
• Broker Engagement: Collaborate with brokers to service and renew portfolios, ensuring alignment with strategies and growth targets.
• Mentorship and Guidance: Provide underwriting guidance, coaching, and mentoring to less experienced underwriters.
• Relationship Management: Develop and maintain strong broker relationships across regions.
• Cross-Functional Collaboration: Work with teams to optimize processes and efficiency.
• Strategic Participation: Engage in strategy, sales, and underwriting meetings.
• Market Analysis: Analyze market trends, competitor activities, and regulatory changes.
• Additional Duties: Perform other duties and projects as assigned.

About You

• Preferred Chartered Insurance Institute (CII) Certification.
• Experience in professional indemnity underwriting.
• Familiarity with the local insurance marketplace and understanding of business issues and financial drivers.
• Knowledge of organizational and regulatory rules, policies, and procedures.
• Customer focus and positive broker interaction skills.
• Analytical thinking and financial acumen.

Compensation and Benefits

We offer a competitive salary, great teams, and exciting career opportunities, along with benefits such as:

• Minimum of 25 days holiday plus bank holidays, with options to buy extra days.
• Defined contribution pension scheme with Gallagher contributions.
• Life insurance covering 4x your basic salary, with options to top-up.
• Income protection covering up to 50%, with options to increase.
• Health benefits including cash plans or private medical insurance.
• Additional benefits like volunteering days, employee stock purchase plans, share incentive plans, critical illness cover, gym discounts, season ticket loans, shopping vouchers, and family care support.