Underwriter

TN United Kingdom; Croydon; On-site; GBP 30,000 - 60,000; Full time

Job summary

An established industry player is seeking a skilled Underwriter to join their dynamic team in Croydon. This role involves preparing competitive quotations and fostering strong relationships with Broker partners. You will play a crucial part in achieving business growth while ensuring compliance with regulatory standards. With a focus on personal development and a supportive work environment, this position offers an exciting opportunity to make a significant impact in the underwriting field. Join a company that values its employees and is committed to professional growth and community support.

Benefits

Competitive holiday allowance

Death in Service benefit

Company pension scheme

Enhanced maternity and paternity leave

Flexible benefits package

Discounts on technology and electronics

Comprehensive learning & development framework

Employee welfare package

Community Trust fundraising support

Discounts on attractions and activities

Qualifications

• Experience in underwriting, particularly in Liability, Motor, or Property.
• Ability to develop effective broker relationships and understand market guidelines.

Responsibilities

• Prepare and provide Renewal and MTA and/or New Business quotations.
• Engage with Broker partners to secure instructions and achieve targets.
• Ensure compliance with underwriting guidelines and TCF principles.

Skills

Underwriting Experience

Communication Skills

Negotiation Skills

Broker Relationship Management

Regulated FCA Environment Knowledge

Job description

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Responsibilities:

1. To prepare and provide Renewal and MTA and/or New Business quotations to Broker Partners based on personal authority limitations.
2. Instigate regular dialogue with Broker partners on allocated renewals/issued quotations to secure instruction and achieve individual and collective targets.
3. Provide accurate and compliant Renewals and Mid-term adjustments and new business quotations in line with pricing levels, risk selection criteria and ensure that income and conversion objectives are achieved.
4. Work with Business Development to achieve business growth in accordance with targets whilst Underwriting to agreed loss ratios.
5. Utilise communication and negotiation techniques and skills to clearly explain the features and benefits of our products, ensuring that every Broker receives a full complement of sales and upselling opportunities.
6. Adhere to the contents of the Operating Procedure Manual and Business Unit Supplemental Operating Procedure Manual and Underwriting guides at all times.
7. Ensure the TCF principles are fully understood and applied across all business partners.
8. Carry out any additional duties as agreed with your Team Leader or Product Manager.
9. Experience:
10. Experience of working within a Regulated FCA environment desirable.
11. Previous (Liability/Motor/Professional Risks/Property) underwriting experience is desirable.
12. Understanding of the Broker market & ability to develop effective broker relationships.
13. Proven understanding of underwriting guidelines for all transactions (renewals, endorsements, cancellations, etc.) and ability to demonstrate a working knowledge of market wordings and products.

Further information

As well as a competitive salary, we offer the following benefits:

• Competitive holiday allowance with the annual option to buy additional days.
• Death in Service benefit of x4 salary.
• Company pension scheme.
• Enhanced maternity and paternity leave packages.
• A flexible benefits package which allows you to add additional benefits to your overall package.
• Our benefits portal offers discounts on technology & electronics, cinemas, restaurants, days out, mortgage advice, travel, and many more.
• Discounted rates on PIB products.
• We offer a first-class employee benefits and welfare package to support our employees with financial management, cycle to work scheme, counselling support, health screening, will writing, menopause support, books, stopping smoking, and much more.
• We also offer a wide range of discounts including a kids pass – giving you discounts to over 4500 attractions and activities, discounts at hairdressers and beauticians, climate change projects with lots of other options to choose.
• PIB has a comprehensive learning & development framework, including professional study options and apprenticeships which are available to all employees, supporting your career development.
• Being a part of our PIB Community Trust, we support fundraising where you can apply for grants from PIB Group towards your chosen charity.
• PIB Group is committed to improving its environmental impact responsibly, with measures in place to reduce PIB’s carbon footprint.