Description
Somerset Bridge is looking for a Junior Fleet Underwriter to support the underwriting team in evaluating and managing risks across motor insurance policies. This role is responsible for ensuring that all policies are issued in alignment with company underwriting standards, regulatory requirements, and overall profitability objectives.
What you'll be responsible for:
* Compliance of production and issue of contract certainty documentation
* Ensuring compliance with internal and external regulations and guidelines
* Support credit control in payment collection
* Contribute to the delivery of the annual business plan for the respective business unit by making appropriate decisions
* Perform 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, to ensure accuracy and good practice
* Understand and comply with any reinsurance requirements to minimize risk and to deliver business plan objectives
* Establish, strengthen and develop relationships with stakeholders including customers, brokers, business partners and colleagues to maximize influence and achieve business objectives
* Demonstrate an understanding and awareness of market dynamics and market cycle to enhance business performance
* Maintain expertise and team knowledge through identifying appropriate learning and development activities
* Participate in the review and analysis of the portfolio to identify progress toward business objectives
* Handling Claim referrals and identifying trends and gaps in risk selection
* Review and implementation of requests from broker partners on internal system(s)
* Suggesting improvements in work practices
* Assisting Directors with monthly reporting
* Provide and maintain a high standard of service and support
* Provide daily support to your colleagues by being an integral part of a growing and dynamic team
Risk Management
To proactively identify, manage and mitigate business risks encountered as part of day to day role.
Regulatory
Act with integrity, adhering to regulatory frameworks set out by the FCA ensuring best possible outcomes for our customers.
What you'll need:
* Outstanding communication and interpersonal skills
* Excellent organisational and time management skills
* Comfortable handling confidential information
* Multi-tasking, with the ability to prioritise tasks
* Intermediate level understanding of relevant software including Excel and other departmental software packages
Our Benefits
* Hybrid working
* 25 days annual leave, rising to 27 days over 2 years' service and 30 days after 5 years' service. Plus bank holidays
* Pension scheme – 5% employee, 6% employer
* Private Health Insurance
* Flexi-time
* Discounted gym membership
* Professional wellbeing, health & fitness app - Wrkit
* Enhanced parental leave, including time off for IVF appointments
* Life Assurance - 4 times your salary
* Employee Referral Scheme
* Community support day
* Christmas and Summer parties
About Somerset Bridge Group
Somerset Bridge Group is dedicated to delivering fair products and innovative services in the insurance industry. Our group focuses on underwriting, broking, and claims handling to provide sustainable and innovative insurance solutions. Somerset Bridge Insurance Services Limited, operating under GoSkippy and Vavista, offers insurance coverage to over 700,000 customers. Somerset Bridge Limited handles underwriting and claims, processing almost 50,000 claims annually. Somerset Bridge Shared Services Limited provides essential support functions to ensure operational efficiency and compliance. With a strong commitment to values, culture, and customer service excellence, Somerset Bridge Group is recognised for its industry awards and growth. Join us to be part of a dynamic team that fosters creative thinking and personal development.
We are very proud to have been awarded a Silver Accreditation from Investors in People We recognise that all of our people contribute to our success. That's why we are always looking for talented people to join our team - people who share our vision, who are passionate about what they do, and who want to be part of something special.
Equal Opportunity Employer
Somerset Bridge Group is committed to creating a diverse environment and is proud to be an Equal Opportunity Employer. We prohibit discrimination or harassment of any kind based on race, color, religion, national origin, sexual orientation, gender, gender identity or expression, age, pregnancy, physical or mental disability, genetic factors or other characteristics protected by law. SBG makes hiring decisions based solely on qualifications, skills and business requirements.