MGA Underwriter

TN United Kingdom; Manchester; On-site; GBP 35,000 - 55,000; Full time

Job summary

An innovative insurance group is seeking an experienced Underwriter to join their dynamic team in Manchester. This role offers the chance to work collaboratively with external partners while delivering underwriting solutions that align with company objectives. As part of a rapidly expanding organization, you will play a key role in achieving profitable growth and enhancing your career within a purpose-driven culture. Join a company that values diversity and offers a range of health and wellbeing benefits, along with opportunities for professional development. This is your chance to make a meaningful impact in the insurance sector.

Benefits

28 days annual leave plus bank holidays

Birthday off

Health and wellbeing benefits

Income protection

Life assurance

Enhanced sick pay

Parental leave

Support for study and professional qualifications

Paid time off for volunteering

Qualifications

• Proven experience in Commercial Insurance Underwriting within the UK.
• Excellent knowledge of Northern Insurance markets, especially Manchester.

Responsibilities

• Underwrite commercial risks and ensure compliance with company guidelines.
• Develop and maintain relationships with intermediaries and clients.

Skills

Commercial Insurance Underwriting

Knowledge of Northern Insurance Markets

Client Relationship Management

Education

Relevant Insurance Qualifications

Job description

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Working hours: 35 hours per week

Duration: Permanent

Location: Manchester

About the role

Lloyd & Whyte, who are proudly part of Benefact Group, are looking for an experienced Underwriter to join our Mi Specialty team in their Manchester location.

This individual will be responsible for:

• Underwriting Commercial risks from a regional designated panel of broking intermediaries within Company underwriting authority levels.
• Work collaboratively with both external Insurer and Re-Insurer partners in delivering underwriting solutions to broking intermediaries
• To achieve profitable growth in line with Mi Specialty’s regional and company wide objectives and to provide a reference point for training of technical underwriting and product knowledge.

The successful candidate will have excellent knowledge of the Northern Insurance markets and proven experience in Commercial Insurance Underwriting within the UK, through MGA businesses.

Joining our rapidly expanding and innovative Group presents a fantastic opportunity to develop your career and become an integral part of an inclusive, purpose-led organisation.

Key responsibilities

• To comply with and follow at all times the Underwriting Authorities applicable and to ensure that standards of Underwriting are in accordance with Company Guidelines and within the Binding Authorities
• Ensure service standards are met and to ensure work is carried out within the Treating Customers Fairly/Contract Certainty Guidelines
• To ensure that all internal and external customers including anyone within the L&W Group, claimants, service providers and third parties who may come into contact with Mi Specialty personnel are dealt with in a professional manner.
• To ensure all work and conduct adheres to Company Policy and specific Mi Specialty Underwriting procedures and to ensure all Conflicts of Interest are reported to the Director of Underwriting once identified.
• To generally assist in the regional MGA business planning process as well as specifically in respect of classes personally written.
• Attend market seminars and training courses, to further develop and practice industry and personal skills.
• Be conversant with Lloyd’s, the FSA and local office reporting requirements including Coverholder regulatory terms and conditions.
• Underwrite new business profitably, accurately and in line with established Underwriting practice.
• Assist with maintaining and developing business relationships with intermediaries and respond to customers’ requests for information whilst actively seeking to develop new brokers and regularly meet with them to discuss new business development opportunities and development of existing business.
• Issue quotations including new and renewal, Policy Documentation, including Endorsements, Mid Term Adjustments, Survey Risk Improvements in a timely and professional manner, ensuring compliance with Company TCF and CC guidelines.
• To assist with the development and implementation of procedures and business process re-engineering; reviewing procedures ensuring they are up to date, accurate and appropriate for the business.
• To maintain compliance with any applicable UK or International statutory or regulatory obligation as required by the role.

Knowledge, skills and experience

• Previous experience working in a similar role & location
• Excellent knowledge of the Northern Insurance markets (predominantly Manchester)
• Proven experience in Commercial Insurance Underwriting within the UK, through MGA businesses.

What we offer

• 28days annual leave plus bank holidays
• Your birthday off
• An array of health and wellbeing benefits, company cash plan, income protection and life assurance
• Enhanced sick pay andparental leave
• Support and funding toward study and professional qualifications
• Paid time off forvolunteering

Lloyd & Whyteoffer a range of specialist insurance services to a variety of clients. Our specialisms range from niche scheme insurance for Healthcare professionals to expert insurance for commercial motor vehicles and professional broker-to-broker insurance services.We also have a wide range of personal insurance services that cover homeowners from standard houses through to thatch & listed character properties and high value homes. The Lloyd & Whyte Group is split into five different client divisions which include multiple companies and brands.

Benefact Group is a unique international financial services Group made up of over 30 businesses. We are owned by a charity and have been the 3rd largest UK corporate donor over a decade*, having given away £250 million since 2014. We have ambitious plans to become the UK’s number one corporate donor, with strategic objectives in place to double the Group’s size.

We believe it’s essential to attract, empower, grow and reward talented people, offering fantastic opportunities for career and personal development. Our giving ethos, 135-year history and the diversity of what we do, has enabled us to build a culture of kindness, great ambition, and of passionate people driven to do better and be better.

At Benefact Group, we are committed to creating aninclusive culture and building an environment where each and every one of usfeels valued and respected. We are a community made up of people with arange of different backgrounds, abilities, perspectives, beliefs and interestsand we value the strength this brings to us as a Group. We welcome applicationsfrom everyone.

If you need any additional support during therecruitment process, then please let us know.

*Directory of Social Change’s UK Guides to Company Giving 2017-26