Underwriter

Tokio Marine Kiln; London; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking an Underwriter to join their Property and Motor department. This role involves underwriting responsibilities, relationship building with brokers and clients, and ensuring compliance with guidelines. The successful candidate will leverage their financial acumen to develop innovative insurance products while collaborating with the Claims Department. This is a fantastic opportunity to be part of a company that values inclusivity and empowerment, offering a supportive environment where your contributions will make a significant impact on clients and society.

Benefits

Flexible working arrangements

Inclusion network groups

CSR and charitable activities

Qualifications

• Proven experience in Open Market Property underwriting.
• Strong market relationships and financial metrics understanding.

Responsibilities

• Follow instructions on premiums and terms to achieve underwriting profits.
• Develop strong broker and client relationships.

Skills

Open Market Property Underwriting

Financial Acumen

Relationship Building

Risk Management

Compliance Knowledge

Team Collaboration

Education

ACII Qualification

Job description

We have an exciting opportunity available in our Property and Motor department. As an Underwriter, you will report to the Head of Open Market Property and support the Departmental Head in all underwriting and reinsurance tasks. Your role will be to provide customer-focused products and maximize profitability, always balancing risk and return.

Key Responsibilities:

1. Underwriting: Follow the Departmental Heads' instructions on premiums, terms, and conditions to achieve planned underwriting profits in line with the Business Plan.
2. Relationship Building: Develop strong broker and client relationships in line with the Department’s strategy.
3. Business Planning: Understand and implement the Department’s strategy and objectives.
4. Risk Management: Understand the Company’s risk appetites, including business plans, conduct, capital allocation, and catastrophe exposures.
5. Compliance: Adhere to underwriting guidelines for line size and aggregate exposures.

What We Expect:

1. Financial Acumen: Have or develop an understanding of insurance company financial metrics and how our Business Plan fits within the Company’s overall results.
2. Innovation: Develop new insurance products and distribution channels that meet market demand and drive profitability.
3. Collaboration: Work closely with the Claims Department to understand loss trends and respond to customer needs.
4. Customer Focus: Ensure fair treatment of all customers while delivering on the Business Plan.

About You:

1. Experience: Proven Open Market Property underwriting experience.
2. Qualifications: ACII qualified or working towards it.
3. Industry Knowledge: Up-to-date on compliance, regulatory issues, and industry developments.
4. Skills: Strong market relationships, meticulous, organized, self-starting, energetic, and hard-working.
5. Team Player: Able to support colleagues and take ownership of customer issues in a high-pressure environment.

The successful candidate will be welcomed into the TMK family to help us further our purpose of enabling our clients to fulfil their ambitions whilst benefiting society and our people. We are committed to ensuring a safe, open, inclusive and empowering environment in which all of our people can thrive. All employees have the opportunity to join one or a number of inclusion network groups or take part in CSR and charitable activities. TMK is signed up to the Disability Confident Employer Scheme and we also accommodate flexible working, subject to the TMK flexible working policy.

As an underwriting firm with over 140 years’ experience of protecting clients from changing risks, we put our confidence in the ability and talent of our people. We aim to be a ‘Good Company’ and this means being a great and inclusive company to do business with and being a great place to work. Our culture is founded on our core values of empowerment, inclusion, excellence, integrity, teamwork, and innovation. We seek to recruit the best talent by reaching diverse talent pools, offering dynamic working arrangements, and investing in development.

To make your experience as comfortable as possible, please let us know if you require any reasonable adjustments or additional assistance during your application process. Please contact [e-mail] in confidence to discuss any specific assistance or requirements you have.

If you encounter difficulties submitting your application, please email [e-mail].

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