MGA Underwriter

Benefact Group plc; Manchester; On-site; GBP 45,000 - 55,000; Full time

Job summary

An established industry player is seeking an experienced Underwriter to join their dynamic Mi Specialty team in Manchester. This role offers a unique opportunity to engage with a variety of commercial risks while collaborating with both external insurers and brokers. You will play a pivotal role in achieving profitable growth and enhancing your professional skills in a supportive environment. The company is committed to fostering an inclusive culture and offers numerous benefits, including generous annual leave and professional development support. If you have a passion for underwriting and a desire to make a difference, this position is perfect for you.

Benefits

28 days annual leave plus bank holidays

Birthday off

Group Personal Pension

Bonus scheme

Holiday buy scheme

Health and wellbeing benefits

Enhanced sick pay

Paid time off for volunteering

Qualifications

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

Responsibilities

• Underwriting commercial risks and ensuring compliance with company guidelines.
• Maintaining relationships with intermediaries and delivering underwriting solutions.

Skills

Commercial Insurance Underwriting

Knowledge of Northern Insurance markets

Relationship Management

Regulatory Compliance

Education

Relevant Insurance Qualifications

Job description

Salary: £45,000.00 - £55,000.00 (depending on experience)

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.
• Working collaboratively with both external Insurer and Re-Insurer partners in delivering underwriting solutions to broking intermediaries.
• Achieving profitable growth in line with Mi Specialty’s regional and company-wide objectives and providing 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

• Complying with and following at all times the Underwriting Authorities applicable and ensuring that standards of Underwriting are in accordance with Company Guidelines and within the Binding Authorities.
• Ensuring service standards are met and that work is carried out within the Treating Customers Fairly/Contract Certainty Guidelines.
• Ensuring all internal and external customers including anyone within the L&W Group, claimants, service providers, and third parties are dealt with professionally.
• Ensuring all work and conduct adheres to Company Policy and specific Mi Specialty Underwriting procedures and reporting any Conflicts of Interest to the Director of Underwriting.
• Assisting in the regional MGA business planning process specifically in respect of classes personally written.
• Attending market seminars and training courses to further develop and practice industry and personal skills.
• Being conversant with Lloyd’s, the FSA, and local office reporting requirements including Coverholder regulatory terms and conditions.
• Underwriting new business profitably, accurately, and in line with established Underwriting practice.
• Maintaining and developing business relationships with intermediaries and responding to customers’ requests for information while seeking to develop new brokers and meet with them to discuss new business development opportunities.
• Issuing quotations including new and renewal, Policy Documentation, including Endorsements, Mid Term Adjustments, and Survey Risk Improvements in a timely and professional manner, ensuring compliance with Company TCF and CC guidelines.
• Assisting with the development and implementation of procedures and business process re-engineering; reviewing procedures to ensure they are up to date, accurate, and appropriate for the business.
• Maintaining 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

• 28 days annual leave plus bank holidays.
• Your birthday off.
• Group Personal Pension.
• Bonus scheme.
• A holiday buy scheme.
• An array of health and wellbeing benefits, company cash plan, income protection, and life assurance.
• Enhanced sick pay and parental leave.
• Support and funding toward study and professional qualifications.
• Paid time off for volunteering.

Lloyd & Whyte offer 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.

Benefact Group is a unique international financial services Group made up of over 30 businesses. We are owned by a charity and are currently the UK’s 3rd largest corporate donor, having given away £200 million since 2016. 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 passionate people driven to do better and be better.

At Benefact Group, we are committed to creating an inclusive culture and building an environment where each and every one of us feels valued and respected. We are a community made up of people with a range of different backgrounds, abilities, perspectives, beliefs, and interests, and we value the strength this brings to us as a Group. We welcome applications from everyone.

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