Senior FI Underwriter

Ryan Specialty; Greater London; On-site; GBP 90,000 - 120,000; Full time

Job summary

Ryan Specialty in London is seeking a Senior Property and Casualty Underwriter to oversee complex workflows for new and renewal business, applying advanced technical expertise and adhering to underwriting guidelines.

You will build long-term broker relationships, evaluate risk, set terms and premiums, and mentor junior underwriters while contributing to budgeting and strategic initiatives.

Qualifications

• Minimum of 8 years of experience in Property and Casualty Underwriting.
• Bachelor's degree required; Risk Management, Actuarial or Business Administration preferred.

Responsibilities

• Oversees and strategically manages workflows for new property and casualty business and renewals.
• Evaluates, prioritizes, and selects submissions and prices risks to generate underwriting profit.
• Drives risk assessment considering coverage value, location, usage, safety features and other factors.
• Determines coverage limits, premiums, and terms based on risk assessment and portfolio management.
• Negotiates terms with brokers and identifies cross-sell opportunities while ensuring regulatory compliance.
• Develops strategic initiatives to create new business and maximize portfolio retention.
• Manages relationships with brokers and agents to expand the book of business within delegated authority.
• Partners with underwriting teams to optimize processes and support training for new underwriters.

Skills

Broker relationship management

Risk assessment

Underwriting guidelines

Portfolio management

Training & mentoring

Negotiation with brokers

Education

Bachelor's degree in Risk Management/Actuarial/Business Administration

Tools

Underwriting software

Job description

Position Summary:

The Senior Property and Casualty Underwriter is responsible for overseeing and managing property and casualty business workflows, providing technical expertise and ensuring adherence to underwriting guidelines. The role develops strategies for new business opportunities and portfolio retention and actively contributes to achieving business targets. They cultivate long-term broker relationships, while also supporting training for new staff in underwriting processes.

Location:

London - UK - Fenchurch

What will your job entail?

Job Responsibilities:

• Oversees and strategically manages workflows for new property and casualty business and renewals, showcasing advanced professionalism, technical expertise, and adherence to underwriting guidelines.
• Evaluates, prioritizes, and selects submissions and prices risks that will develop an underwriting profit for the carrier, refers or declines risks that present excessive risk.
• Drives risk assessment comprehensively, evaluating factors such as coverage value, location, usage, safety features, and other considerations to make informed decisions on risk acceptance.
• Determines appropriate coverage limits, insurance premiums, policy terms based on risk assessment, ensuring active portfolio management of complex property and casualty accounts.
• Negotiates terms and conditions with the broker, recognizes and creates cross sell opportunities for other products while ensuring compliance with regulations and guidelines.
• Develops strategic initiatives to create new business opportunities, maximizes retention of assigned portfolios and contributes significantly to achieving business targets.
• Manages internal and external relationships that will deliver superior customer service. Develops professional, long-term relationships with brokers and agents, expanding the book of business and operating within delegated authority limits.
• Partners with underwriting teams, fosters seamless communication, and optimizes task coordination to support the overall underwriting process.
• Provides accurate premium forecasts and business plans, contributes to budgeting processes and supports the achievement of performance targets.
• Optimizes underwriting processes, introduces new technologies, and aligns the department with broader organizational goals. Delivers training for new underwriters on underwriting guidelines, processes, and systems.
• Attends industry events and stays abreast of property and casualty underwriting trends, emerging risks in the sector, regulatory changes, and adjust underwriting strategies, accordingly.

Work Experience and Education:

• Minimum of 8 years of experience in Property and Casualty Underwriting.
• Bachelor's degree required, Risk Management, Actuarial and Business Administration preferred. Any other related discipline or commensurate work experience considered.

Licenses & Certifications:

• Prescribed: Must meet minimum requirements for state P&C and/or surplus line licenses.
• Preferred: Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC)

Disclaimer

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization.Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression,sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners,and communities.This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.