Senior Financial Lines Underwriter (Fixed Term Contract)

W. R. Berkley Corporation; London; On-site; GBP 125,000 - 150,000; Full time

Job summary

An established industry player is seeking a skilled Underwriter to contribute to the underwriting strategy and manage key business lines. This role involves executing underwriting activities, managing renewals, and collaborating with distribution partners to enhance customer retention. The ideal candidate will possess extensive underwriting experience, strong analytical and communication skills, and a commitment to fostering an inclusive culture. Join a dynamic team where your expertise will drive business success and make a meaningful impact in the insurance landscape.

Qualifications

• Extensive underwriting experience and knowledge in the Class of Business.
• Strong communication, negotiation, and interpersonal skills.

Responsibilities

• Contributes to and implements the underwriting strategy within the team.
• Manages renewals and new business to achieve premium plan.

Skills

Underwriting

Communication Skills

Negotiation Skills

Analytical Skills

Problem-Solving Skills

Interpersonal Skills

Time Management

Education

Extensive Underwriting Experience

Knowledge of Insurance Regulatory Environment

Tools

Underwriting Tools

Job description

Responsibilities

Responsible for the contribution towards and implementation of the underwriting strategy within the Underwriting Team. Executes and monitors the underwriting activities with regular contact with the Underwriting Management Team.

Develops and executes a strategy to achieve the business plan from a premium, loss and expense perspective for assigned product lines and territory. Proactively manages renewals, renewal change, and new business to achieve premium plan. Executes portfolio management strategies to drive a better loss ratio and achieve plan. Proactively manages direct commissions and direct expenses to achieve plan.

Underwriting and Compliance

Underwrites and prices individual risks whilst following underwriting guidelines, policies and procedures. Effectively utilises underwriting tools whilst thoroughly documenting underwriting and pricing decisions. Works collaboratively with support areas to meet service standards.

Distribution/Customer Management

In collaboration with Underwriting Leadership, proactively manages distribution partners. Acts as broker liaison for assigned products. Develops and executes a customer (broker and insured) visitation strategy for assigned products and territory to drive submission flow and improve customer retention.

Leadership and Personal Development

Effectively manages staff through the effective utilisation of performance objectives, feedback loops and development plans to develop and retain staff. Acts as product line expert for area of expertise. Organises and provides technical training to junior personnel. Promotes a diverse and inclusive culture. Acts as an effective role model for others. Performs training within agreed timeframes.

Qualifications

Extensive underwriting experience and knowledge in the Class of Business. Sound commercial and financial knowledge. Knowledge of the insurance regulatory environment. Strong communication, negotiation and interpersonal skills. Analytical and problem-solving skills, ability to multi-task and to prioritise conflicting demands/requests within given time constraints. Ability to exercise individual judgment and effectively make sound business decisions. Strong interpersonal skills with a proven ability to communicate effectively with stakeholders at various levels, both verbally and in writing. Outcome focused, self-motivated, flexible and enthusiastic. Ability to work within and promote a diverse and inclusive culture.