Senior Underwriter - Technology & Cyber

WR Berkley; Greater London; On-site; GBP 90,000 - 120,000; Full time

Job summary

WR Berkley is seeking an experienced underwriting leader in London to drive premium, loss and expense strategy for assigned products and territory. You will steer renewals, new business and pricing decisions to meet targets, while collaborating with support areas to maintain service standards.

You will manage distribution partners, visit brokers and insured clients to improve submissions and retention, and lead training for junior staff, fostering a diverse and inclusive culture.

Qualifications

• Extensive underwriting experience and knowledge in the Class of Business.
• Strong 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 prioritise conflicting demands within time constraints.
• Ability to exercise individual judgement and make sound business decisions.
• Strong interpersonal skills 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.

Responsibilities

• 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 changes, 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.
• Underwrites and prices individual risks following underwriting guidelines, policies and procedures.
• Documents underwriting and pricing decisions thoroughly and uses underwriting tools.
• Collaborates with support areas to meet service standards.
• Manages distribution partners and acts as broker liaison for assigned products.
• Develops and executes a broker/insured visitation strategy to drive submissions and retention.
• Leads staff with performance objectives and development plans.
• Acts as product line expert and provides training to junior personnel.
• Promotes a diverse and inclusive culture.
• Acts as an effective role model for others.

Skills

Extensive underwriting experience

Knowledge of Class of Business

Commercial and financial acumen

Regulatory knowledge

Communication & negotiation

Analytical and problem-solving

Multitasking & prioritisation

Judgement & decision-making

Stakeholder communication

Diversity & inclusion mindset

Job description

Company Details

Responsibilities

Results

• 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.