Property & Casualty Development Underwriter.
Profound Recruitment Partners are Working with a worldwide renowned name in Insurance who are looking to add a Development Underwriter to their team. This is a home-based team in the South West of England.
In situ you will underwrite property and casualty risks; proactively managing the submissions, quotes and binds for new business delivering against target quote and conversion ratios. You will build and maintain relationships with brokers to provide insurance solutions to customers, analysing and evaluating risk to achieve business goals. You are decisive, detail-oriented, and know how to build relationships internally and externally to drive results. Your ability to independently assess risk, negotiate terms and sell our products will contribute to the sustainable profitability and success of the business.
What Will You Do?
* Manage the profitability, growth, and retention of an assigned book of business comprised of routine to moderately complex accounts across most of our products.
* Underwrite and skilfully negotiate moderate risks to minimise risk and maximise profitability, including Mid Term Adjustments (MTAs).
* Proactively manage your portfolio, ensuring key performance indicators are consistently achieved and you actively target new business and retention.
* Identify and take corrective action in collaboration with your Manager / Team on individual risk characteristics identified through Portfolio Management.
* Identify and capture opportunities to write additional lines of business using knowledge of products, risk characteristics and appetite.
* Proactively utilise various technology platforms to quote and bind risk efficiently.
* Provide input and support the presentation of Underwriting Reviews for individual policies or portfolios and manage action points.
* Cultivate and maintain relationships with internal partners within the business unit and across the enterprise to identify cross-selling opportunities.
* Foster and maintain relationships with brokers by phone, email or other communication channels to market and sell products with a goal of writing and retaining accounts consistent with our risk appetite. Must be able to travel to meetings.
* Develop and execute pipeline plans and support the renewal team in the retention of business that aligns with the team’s sales plans to drive success working in partnership with the sales team.
* Train and mentor less experienced underwriters.
* Support and collaboration for more junior members of the team, including referrals.
* Perform other duties as assigned.
What Will Our Ideal Candidate Have?
* A Levels or similar qualification
* Knowledge: Good knowledge of products, the regulatory environment, and the local insurance market.
* Analytical/Critical thinking: Good critical thinking skills with the ability to underwrite, market products, identify financial challenges, and analyse available information to make decisions in alignment with our risk appetite.
* Communication/Influence: Communication skills with the ability to successfully negotiate with brokers.
* Inclusion: Ability to work with people from different backgrounds, experiences, cultures, races, etc. and views those differences as assets to be leveraged to accomplish business goals and objectives.
* Industry / Competitor Analysis: Review competitor press releases and industry trade press for helpful insights, linking key themes together.
* Project Management: Participate in projects that involves analysis and the implementation of non-complex, routine business and regulatory changes relating to the enhancement, maintenance or introduction of new products.
What is a Must Have?
* Good experience of underwriting, product knowledge, financial analysis, or risk assessment experience.
What Is in It for You?
* Private Medical Insurance: On commencement of employment, you are eligible for single cover, with the option to add cover for your dependents, at your expense through payroll deduction.
* Retirement: The business will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
* Holiday Entitlement: Start your career with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
* Wellness Programme: The wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counselling services and other resources that support your daily life needs.
* Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. We have a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.