Underwriter - Existing Business

pib Group; Leeds; Hybrid; GBP 35,000 - 55,000; Full time

Job summary

A leading insurance group in the UK is seeking an experienced Commercial Underwriter to join their Existing Business team. The role involves assessing risks associated with insurance renewals, managing the renewal process, and communicating effectively with brokers. The ideal candidate will have prior underwriting experience, strong analytical skills, and proficiency in underwriting software. This position offers hybrid working options and a competitive salary package.

Benefits

Professional development opportunities

Dynamic and supportive team

Competitive salary and benefits

Qualifications

• Previous experience in underwriting, focusing on existing business.
• Strong analytical skills to assess risk.
• Excellent communication skills for client and broker interaction.
• High attention to detail in documentation.
• Good understanding of market trends in insurance.

Responsibilities

• Assess and evaluate risks for insurance policy renewals.
• Manage the renewal process ensuring compliance.
• Communicate with brokers for tailored solutions.
• Prepare documentation for policy amendments.
• Analyse market trends for competitive pricing.

Skills

Analytical skills

Written communication

Verbal communication

Attention to detail

Understanding of cross-class insurance products

Customer-focused approach

Education

Degree in business, finance, or related field

Professional underwriting qualifications

Tools

Underwriting software

Microsoft Office applications

Job description

An exciting opportunity exists for an experienced Commercial Underwriter within our Existing Business team. What They Will Be Doing

1. Assess and evaluate risks associated with existing insurance policies to determine appropriate renewal terms and conditions for Charity, Faith, and Recruitment products.
2. Manage the end-to-end renewal process for existing business, ensuring compliance with company guidelines and regulatory requirements.
3. Communicate effectively with brokers to understand their needs and provide tailored solutions for their clients.
4. Prepare and process documentation for policy amendments and renewals.
5. Analyse market trends to recommend competitive pricing strategies and coverage options.
6. Collaborate with the underwriting team, insurers, and MGUs as appropriate to ensure a seamless customer experience.
7. Ensure all underwriting activities comply with relevant laws, regulations, and internal policies.
8. Support the team leader in renewals, assisting with the preparation and distribution of renewal documentation.

Qualifications and Experience:

• Previous experience in underwriting, ideally with a focus on existing business, MTAs, and renewals within the insurance sector.
• Strong analytical skills with the ability to assess risk and make informed decisions.
• Excellent written and verbal communication skills for effective client and broker interaction.
• High attention to detail and accuracy in documentation and decision-making.
• Good understanding of cross-class insurance products and current market trends across Property, Liability, and Executive risks.
• Previous experience in the Charity, Faith, or Recruitment sectors is advantageous.
• Proficiency in underwriting software and Microsoft Office applications.
• A collaborative team player with a proactive and customer-focused approach.
• Relevant educational background (e.g., degree in business, finance, or related field) and professional underwriting qualifications are advantageous.

About Q Underwriting

Q Underwriting was created from multiple underwriting brands with extensive history in their niches. It offers 30+ niche commercial lines products, all backed by A-rated insurers. All products are underwritten in-house by Q's experienced team and can be traded via the Qtrade portal or through direct access to underwriters.

Additional Benefits:

• The opportunity to join a dynamic and supportive team within a leading insurance group.
• Hybrid working options from Leatherhead, Gloucester, or Leeds offices.
• Professional development and career progression opportunities.
• Competitive salary and benefits package.
• The chance to work with a variety of insurance products and develop strong broker and client relationships.

Why PIB Group?

PIB Group is one of the UK’s fastest-growing insurance businesses, offering career progression, professional development, and a collaborative culture. We value ambition and creative thinking. If you bring fresh ideas and a drive to grow, we would love to hear from you!