Underwriter - Real Estate Property

JR United Kingdom; Bolton; On-site; GBP 50,000 - 80,000; Full time

Job summary

A leading company, part of the global insurance industry, is seeking an Underwriter specialized in Real Estate Property. The successful candidate will be responsible for managing a diverse portfolio, ensuring compliance with underwriting guidelines, and developing client relationships. Ideal candidates will have at least 5 years of relevant underwriting experience, along with strong marketing and analytical skills.

Qualifications

• 5 years experience underwriting in the London market.
• Excellent knowledge of standard market policy and endorsement wordings.
• Ability to prioritize work and work within a team.

Responsibilities

• Perform underwriting submission review and pricing analysis.
• Authorize quotes according to company guidelines.
• Manage relationships with brokers and clients.

Skills

Marketing

Negotiation

Presentation

Analytical Skills

Interpersonal Skills

Education

Professional Insurance Designation (ACII/FCII)

Job description

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Client:

Allied World

Location:

bolton, greater manchester, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Views:

10

Posted:

07.06.2025

Expiry Date:

22.07.2025

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Job Description:

At Allied World we have over 1,600 talented and loyal employees working in 25 offices globally who service clients throughout the world. We are focused on providing superior customer service and creative risk solutions, building long-term, mutually beneficial relationships. Our employees share our passion for progress and success, and we are looking for talented committed people to join our team.

As a subsidiary of Fairfax Financial Holdings Ltd. and a Lloyds syndicate, we are situated in the heart of the London insurance market and benefit from a wealth of experience setting us apart from our competitors on the cutting edge of innovation.

UNDERWRITER - REAL ESTATE PROPERTY

his position is responsible for underwriting a diverse book of business, employing the methods necessary to meet projected profitability, GWP, and expense goals, management and growth of the overall portfolio of business within the appropriate underwriting discipline/guidelines, marketing and servicing of existing and potential insured’s.

Job Duties and Responsibilities:

• General underwriting functions including underwriting submission review, pricing analysis, setting of terms and conditions.
• Authorising of quotes in accordance with company guidelines.
• Responsible for timely and correct issuance of bound polices. Crafting of wordings and endorsements for authorisation by legal. Providing direction to the Assistant Underwriters in the timely processing of Policy/Endorsement wordings.
• Perform extensive account analysis according to underwriting guidelines which is to include thorough review of underwriting application/submission including reviewing requested terms and conditions.
• Active role in the development of business within UK Commercial, exploring opportunities and marketing within the London Market and in the UK regions as required.
• Accountable for the maintenance of underwriting files in an orderly and consistent manner and in accordance with the underwriting guidelines.
• Liaise with actuarial support to develop premium benchmarking and pricing models, with development of account pricing/recommendations where required.
• Liaise with Claims Department on any specific claim activity and overall market claim concerns which could potentially affect profitability
• Stay current with respect to major market and industry issues and developments
• Relationship management - external, via attendance at key, relevant client/broker meetings, and other social outings as applicable.
• Corresponding with brokers with respect to any outstanding information pursuant to binding.
• Delegation (and supervision) of work to Assistant Underwriters as deemed appropriate
• Other duties as may be assigned

Requirements;

• 5 years experience underwriting in the London market.
• Strong marketing, negotiation and presentation skills.
• Excellent knowledge and understanding of standard market policy and endorsement wordings.
• Professional Insurance Designation such as ACII/ FCII desirable.
• Organization skills and the ability to prioritize work.
• Excellent interpersonal skills, analytical skills and the ability to work within a team.