Senior Underwriter - Real Estate Property

Allied World; Greater London; On-site; GBP 35,000 - 55,000; Full time

Job summary

A leading company in the London insurance market is seeking a Senior Underwriter specializing in Real Estate/Property. This role involves underwriting cases, managing customer interactions, and contributing to business development. The ideal candidate will have extensive experience in the London market and strong interpersonal skills.

Qualifications

• 5-10 years experience underwriting major Property accounts in the London market.
• Excellent knowledge of standard market policy and endorsement wordings.

Responsibilities

• Reviewing allocated cases and delivering underwriting decisions.
• Providing advice on policy wordings to ensure accuracy.
• Identifying and pursuing up-selling and cross-selling opportunities.

Skills

Marketing

Negotiation

Presentation

Interpersonal Skills

Analytical Skills

Education

Professional Insurance Designation

Job description

3 days ago Be among the first 25 applicants

At Allied World we have over 1,600 talented and loyal employees working in 25 offices globally who service clients throughout the world. We are focused on providing superior customer service and creative risk solutions, building long-term, mutually beneficial relationships. Our employees share our passion for progress and success, and we are looking for talented committed people to join our team.

As a subsidiary of Fairfax Financial Holdings Ltd. and a Lloyds syndicate, we are situated in the heart of the London insurance market and benefit from a wealth of experience setting us apart from our competitors on the cutting edge of innovation.

Based in the Walkie Talkie building at 20 Fenchurch Street, our office is based on the 19th floor, providing fantastic views across London. With just under 200 employees in London we pride ourselves on our warm and welcoming culture, with regular learning opportunities and support to achieve your career goals.

The Allied World Property team have strong relationships with our broking partners across the UK and we are committed to providing effective products and excellent service. We are recruiting for a Senior Underwriter in our London office to help add and assist in the growth of our Real Estate/Property Owners book of business.

SENIOR UNDERWRITER - REAL ESTATE PROPERTY

This role involves underwriting cases across the allocated geographical remit of the portfolio, following the agreed processes and within risk appetite to achieve business development and retention targets. You will spend the majority of your time delivering underwriting decisions, contributing to business development activities and liaising with customers. You will deal with customers, brokers, network partners and third parties, working with other colleagues and as part of a team.

Duties and Responsibilities:

• Reviewing allocated cases and delivering underwriting decisions, following agreed processes at the designated authority level, to secure profitable business within the agreed risk appetite.
• Be a referral point for junior staff members and contribute to peer review processes as required to support and enable the maintenance of an effective control environment.
• Providing advice and guidance to the production of new policy wordings or reviews of existing policy wordings to ensure policy documentation is current and accurate.
• Identifying, recommending and leading or contributing to the development and exploitation of marketing activities and product development initiatives to increase penetration of existing customers and/or expand the business mix.
• Travel within allocated geographical remit as required
• Proactively identifying and pursuing up-selling (add-ons) and cross-selling opportunities to maximize profitable revenue potential from new and renewal business and achieve agreed business targets.
• Managing customer interactions in an efficient, courteous and timely manner in order to deliver high standards of customer satisfaction.
• Providing expert advice, guidance and coaching to less qualified and/or experienced colleagues to address technical referrals and raise standards and expertise across the technical community.
• Seek input from Actuarial Department to price specific accounts when appropriate.
• Liaise with Claims Department on any specific claims activity and overall market claims concerns which could potentially affect profitability.
• Stay current with respect to major industry issues and developments.
• Help maintain low levels of aged debt through accurate and clear record keeping, liaising regularly with the Accounts Receivable team to resolve queries promptly.
• Carry out regular and ad hoc reporting as required.
• Other duties as may be assigned.

Requirements;

• 5-10 years experience underwriting major Property accounts in the London market.
• Strong marketing, negotiation and presentation skills.
• Excellent knowledge and understanding of standard market policy and endorsement wordings.
• Professional Insurance Designation such as ACII/ FCII desirable.
• Organization skills and the ability to prioritize work.
• Excellent interpersonal skills, analytical skills and the ability to work within a team.

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Business Development, General Business, and Sales

• Industries

  Insurance

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