Senior Underwriting Analyst

IQUW Group; London; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a Senior Underwriting Analyst to join their dynamic team. This role offers a unique opportunity to engage in pre-underwriting analytics, support Lead Underwriters, and develop your underwriting authority over time. You'll be instrumental in preparing risks, collaborating with various teams, and conducting detailed book analysis. With a focus on relationship management and analytical skills, this position is perfect for those looking to make a significant impact in a fast-paced environment. Join a company that values innovation and offers a supportive workplace for professional growth.

Benefits

Competitive Benchmarked Salary

25 days holiday

Discretionary bonus scheme

Employee assistance programme

Annual holiday buy (up to 3 extra days)

Salary sacrifice benefits

Annual benefits reviews

Professional qualifications and study support

Qualifications

• Understanding of insurance principles and application in underwriting.
• Excellent relationships with brokers and clients.

Responsibilities

• Provide pre-underwriting and technical analytics support to Lead Underwriters.
• Prepare risks for underwriting and collaborate with support functions.

Skills

Insurance Principles

Underwriting Skills

Analytical Skills

Relationship Management

Organizational Skills

Job description

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Overview

About us

IQUW is a speciality (re)insurer at Lloyd's (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast.

ERS is the UK's largest specialist motor insurer with an A+ rating. We recognise that for some, motor insurance is more than just a must-have; it's a way of taking care of what stands at the heart of their passion or livelihood. For those people, standard insurance isn't enough. That's why we work exclusively with motor insurance brokers to help get under the skin of the most difficult insurance risks, helping build products to meet their customer's needs.

The role

The role of a Senior Underwriting Analyst at IQUW is challenging yet truly rewarding. The role offers the opportunity to become a key member of a high-paced underwriting team within IQUW's exciting new Portfolio Solutions Division.

The primary focus of the Senior Underwriting Analyst is to provide pre-underwriting and technical analytics support to the Lead Underwriters, whilst also underwriting your own business in line with your IQUW underwriting authority.

The preparation of risks in readiness for underwriting is needed, including correctly organising submission flow, preparing rating sheets and pre-reading underwriting information.

Whilst being part of the underwriting team, the Senior Underwriting Analyst will collaborate with the support functions such as Exposure Management and Pricing teams to ensure a collegiate approach to risk management and pricing and that models are applied appropriately to individual risks. Overall book analysis, preparation of statistics and various other analytical tasks and skills will also be required. The aim is that the responsibilities of this role will evolve into gaining full underwriting authority over time. The key to success to gaining full underwriting authority will be a highly detailed and analytical underwriting approach, strong relationship management and unparalleled sales skills, as well as strong organisational skills and the ability to think ahead and use initiative.

Key responsibilities

• Provide pre-underwriting and technical analytics support to the Lead Underwriters, whilst also underwriting your own business in line with your IQUW underwriting authority.
• Prepare risks in readiness for underwriting, including correctly organising submission flow, preparing rating sheets and pre-reading underwriting information.
• Collaborate with support functions such as Exposure Management and Pricing teams to ensure a collegiate approach to risk management and pricing.
• Conduct overall book analysis and prepare statistics as well as perform various analytical tasks.
• Develop into gaining full underwriting authority over time through a detailed and analytical underwriting approach, strong relationship management, and excellent organisational skills.

The above duties and responsibilities are not an exhaustive list, and you may be required to undertake any other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.

Qualifications, skills and experience

• Understanding of principles of insurance and ability to apply this in an underwriting environment.
• Understanding of IQUW's appetite for different types of business and the ability to identify desirable and undesirable business.
• Knowledge of the minimum information required for underwriting purposes.
• Excellent relationships with brokers, coverholders and clients.
• Knowledge of the legal, regulatory and compliance provisions that govern your business.

Benefits

• Competitive Benchmarked Salary
• 25 days holiday
• Discretionary bonus scheme
• Employee assistance programme
• Annual holiday buy (up to 3 extra days)
• Salary sacrifice benefits
• Annual benefits reviews
• The option for professional qualifications and study support

Additional Information

• A full job description can be seen here.