Senior Underwriter, Europe Commercial Division

Allied World; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading global insurer in London seeks an experienced Underwriter. The role requires managing underwriting functions and providing guidance to junior team members. Candidates must have over 7 years of experience, strong analytical and communication skills, and the ability to foster relationships with clients and brokers. This position offers a dynamic work environment that emphasizes teamwork and professional development.

Qualifications

• 7+ years of experience in underwriting.
• Exceptional communication and interpersonal skills.
• Strong organizational skills with a methodical work approach.

Responsibilities

• Manage underwriting functions including submission review and pricing.
• Authorize quotes and binders following guidelines.
• Provide direction to junior underwriters.

Skills

Analytical skills

Communication skills

Marketing and business development

Negotiation abilities

Teamwork

Tools

MS Office applications

Underwriting systems

Job description

Duties and Responsibilities:

• General underwriting functions including underwriting submission review, pricing analysis, setting of terms and conditions, and quote/binder/invoice authorisations.
• Authorising of quotes, binders and invoices in accordance with company guidelines.
• Responsible for timely and correct issuance of bound policies. Crafting of Endorsement wordings for authorisation by legal.
• Providing direction to the Junior Underwriters and Underwriting Assistant in the timely processing of Policy/Endorsement wordings.
• Perform referrals (as required) with Vice President Property.
• Maintenance of underwriting files in an orderly and manner and in accordance with the underwriting guidelines. Including maintenance of all reporting systems for submissions and bound accounts, rate change modelling, bound account listing, submission log and reports as may be developed.
• Seek input from Actuarial Department to price specific accounts when appropriate
• Liaise with Claims Department on any specific claim activity and overall market claim concerns which could potentially affect profitability
• Stay current with respect to major industry issues and developments
• Marketing — attend client/broker meetings, lunches, dinners and other social outings as applicable. Meet with key brokers regularly to discuss production, service and other topics relative to division operations.
• Attend important industry conferences and seminars as appropriate.

Person Specification

• 7 years plus experience
• Excellent analytical skills and solid knowledge of pricing & actuarial models and methods
• Must be highly articulate, with exceptional communication and interpersonal skills – required for daily liaison with clients and brokers including delivering effective presentations and building strong working relationships.
• Strong marketing and business development capability – commercial acumen, ability to influence and negotiate to various levels of seniority, internally and externally.
• Highly computer literate within MS office applications and an advanced level proficiency using underwriting systems
• Methodical approach to work, strong organization skills; capable of dealing with tight reporting dealing and conflicting priorities
• Overall team player with collaborative outlook – coaching approach to the development of more junior members of the team.