Senior Underwriter - Commercial Property Business & Community

Job Description

About usAvencia Consulting are currently recruiting on behalf of a global Insurance & Reinsurance firm based in the city, who are looking to hire a Senior Underwriter to join the UK Property division, within the Business & Community team.The roleTo underwrite business in accordance with the business plan and within delegated underwriting authority with the purpose of underwriting a profitable account on behalf of the company in the UK, where the team target trades (but not limited to) Food, PublicSector, Manufacturing, Logistics & Transport, Heavy Engineering, recycling and technically complex trades.Key accountabilitiesStrategy and Planning

• Contribute to the development of the business plan for the portfolio and ensure delivery of the plan
• Awareness of and contribution to the delivery of the business plan, making decisions as appropriate
• Contribute and participate in all meetings, in order to share and develop strategy, knowledge and best practice
• Positively promote the department, division and company as a whole, in order to maximize brand leverage
• Apply the reinsurance strategy in order to safeguard the portfolio

Policy, Process and Procedures

• Perform complex underwriting activities in accordance with all legal and regulatory requirements to ensure obligations are met
• Adhere to underwriting standards, instructions and good practice to minimize risk and maximize efficiency
• Ensure the recording and measurement of insurance risks, including DUAs where relevant, to ensure accuracy and good practice, developing or modifying policy wordings as appropriate
• Apply any reinsurance requirements to minimise risk and to deliver business plan objectives

Environmental Awareness/Customer Focus

• Act as a technical expert to support the identification of issues and opportunities within area of expertise
• Establish, develop and strengthen relationships with stakeholders including customers, brokers, business partners and colleagues, to maximize influence and achieve business objectives
• Demonstrate support for market associations and trade bodies
• Demonstrate understanding and awareness of market dynamics and market cycle to drive and enhance business performance

Technical Performance

• Continually develop expertise and technical knowledge through identifying and implementing appropriate learning and development activities
• Underwriting complex insurance risks in accordance with the business plan and the delegated underwriting authority to meet business objectives. This includes negotiating rates, terms and conditions for existing and new business (developing or modifyingpolicy wordings as appropriate), ensuring compliance with internal and external regulations and guidelines, ensuring contribution to the business plan and objectives, and support credit control in payment collection
• Contribute and influence in the review and analysis of the portfolio to identify progress towards business objectives

Skills & experience

• Extensive knowledge of relevant market conditions for specific class/portfolio
• Thorough knowledge of underwriting strategy and how this translates into targets and delivery
• Good knowledge of Reinsurance and Expected Profitability Analysis (EPA) requirements
• Strong understanding of the reinsurance strategy affecting portfolio
• Good knowledge of relevant underwriting systems
• Strong knowledge of legal and regulatory requirements (specific reference to PRA, FCA, and Lloyds regulations)
• Strong knowledge of underwriting process and procedures
• In depth experience of working in an underwriting environment within a specialised/complex underwriting area Specific professional qualifications (CII)
• Qualified within own professional discipline, with significant post qualification work experience within class of business
• Experienced in the use of risk profiling and pricing tools and loss models
• Strong established customer/broker relationships
• Experience of managing underwriting individuals/teams

Keyskills :
propertyunderwritercommercial propertybusiness underwriting