Join to apply for the Development Underwriter - Construction role at Pen Underwriting UK.
Introduction
Gallagher isn't just a company; it's a global community driven by shared values and an unyielding commitment to excellence. With over 52,000 passionate professionals, we are the architects of the future, designing customized solutions to protect businesses and fuel their extraordinary growth. As a member of our team, you'll experience empowerment, creativity, and the exhilarating journey of making a real difference in the lives of our clients. Join us and become part of a story that transforms aspirations into reality.
We believe that every candidate brings something special, including you! Even if you're close but not an exact match, we encourage you to apply.
Overview
Pen Underwriting seeks a dynamic and motivated Development Underwriter to join our growing team. You will be responsible for seeking new business enquiries, evaluating, underwriting, and converting them into sales. Your skills, contacts, experience, and judgement will help optimize both short-term and long-term financial performance, contributing to meeting income and profit targets.
How You'll Make An Impact
* Seek and respond to new business opportunities from broker partners to meet and exceed budgets and KPIs.
* Maintain high standards of organization to manage tasks like quotations, pipeline building, and attending broker events.
* Actively contact brokers, follow up on quotes, and seek opportunities to upsell or cross-sell.
* Support team efforts to achieve new business targets.
* Develop a thorough understanding of Pen's products and services and support other areas.
* Provide professional advice to brokers, documenting suitable product offerings.
* Build and maintain relationships with underwriters and insurers.
* Negotiate with insurers for the best terms.
* Provide statistics as required and handle account queries collaboratively.
* Present a positive, professional image of the company.
* Work within delegated underwriting authority.
* Assist colleagues during absences and collaborate across departments.
* Adhere to service standards, report complaints, and comply with FCA rules and company policies.
About You
* Part CII qualified or working towards it.
* Excellent numeracy and literacy skills.
* Strong financial management skills.
* Accurate data entry and use.
* Proficiency in MS Office.
Technical Knowledge and Understanding
* Knowledge of Contractors All Risks, PL & EL insurance principles.
* Effective use of technology for transactions.
* Ability to develop opportunities and build pipelines.
* Understanding of FCA requirements, especially data security and customer info management.
* Familiarity with company compliance procedures.
Experience
* Understanding of Pen Construction Policies coverage.
* Knowledge of internal underwriting and risk monitoring.
* Strong negotiation and rapport-building skills.
* Comfortable at decision-maker level.
* Understanding of rating methods and delegated authority limitations.
* Knowledge of company policies, including conflict of interest, complaints, and whistleblowing.
Compensation and Benefits
We offer a competitive salary, great teams, and exciting career opportunities, along with benefits such as holiday entitlement, pension scheme, life insurance, income protection, health plans, and more.
Inclusion and Diversity
We are committed to fostering an inclusive environment that values diversity. Gallagher is Disability Confident and supports employees with long-term health conditions or disabilities, providing reasonable adjustments during the recruitment process. We oppose discrimination and promote equal opportunity in all aspects of employment.
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