Senior Financial Lines Underwriter (Fixed Term Contract)

TN United Kingdom; London; On-site; GBP 50,000 - 80,000; Full time

Job summary

An established industry player seeks a dedicated Underwriter to enhance their underwriting strategy within a dynamic team. This role involves managing underwriting activities, developing strategies for premium and loss management, and ensuring compliance with insurance regulations. The ideal candidate will possess extensive underwriting experience, strong commercial acumen, and exceptional communication skills. Join a forward-thinking company committed to diversity and inclusion, where your expertise will drive success and foster a collaborative environment.

Qualifications

• Extensive underwriting experience in the relevant class of business.
• Strong commercial and financial knowledge with excellent communication skills.

Responsibilities

• Contribute to and implement underwriting strategy within the team.
• Manage renewals and new business proactively to meet premium plans.

Skills

Underwriting Experience

Commercial Knowledge

Financial Knowledge

Communication Skills

Negotiation Skills

Analytical Skills

Problem-Solving Skills

Stakeholder Communication

Job description

Job Description:

Responsibilities

• Contribute to and implement the underwriting strategy within the Underwriting Team. Monitor and execute underwriting activities in collaboration with the Underwriting Management Team.
• Develop and execute strategies to meet business plans concerning premiums, losses, and expenses for assigned product lines and territories.
• Manage renewals, renewal changes, and new business proactively to meet premium targets.
• Apply portfolio management strategies to improve loss ratios and achieve financial goals.
• Manage direct commissions and expenses to align with plans.
• Underwrite and price risks following guidelines, policies, and procedures, utilizing underwriting tools and documenting decisions thoroughly.
• Collaborate with support teams to meet service standards.
• Manage distribution partners proactively, acting as a liaison for assigned products.
• Develop and implement customer visitation strategies to enhance submission flow and customer retention.
• Lead and develop staff through performance objectives, feedback, and training, fostering a diverse and inclusive culture.
• Serve as a product line expert and organize technical training for junior staff.

Qualifications

• Extensive underwriting experience and knowledge in the relevant class of business.
• Strong commercial, financial, and regulatory knowledge in insurance.
• Excellent communication, negotiation, and interpersonal skills.
• Analytical, problem-solving abilities, and capacity to prioritize tasks effectively.
• Sound judgment and decision-making skills.
• Effective communication skills at various stakeholder levels, both verbal and written.
• Self-motivated, outcome-focused, flexible, and enthusiastic.
• Ability to promote and work within a diverse and inclusive environment.