Overview
Role overview
We are looking for a Development Underwriter to manage the acquisition of new business and retention of existing business. There will be a focus on achieving budget targets & ULR Ratio Targets. Alongside offering excellent customer service and upholding high underwriting standards via open market trading and using the online trading platforms.
Base pay
Development Underwriter – Bspoke Sports & Leisure
Hybrid – 3 days per week in the Basildon office
Up to £55,000 per annum + benefits
Why join Bspoke?
Joining Bspoke means more than just having a job. We don’t follow the usual corporate path – instead, we embrace a dynamic and non-traditional approach. We’re a driven, passionate team that’s genuinely excited about what we do, and we’re proud of it. Delivering exceptional experiences for both our colleagues and customers starts with ensuring a fantastic experience for our team.
Our values serve as a compass reflect our Group’s core principles and ethics, to enable us to deliver the best outcomes for our colleagues. Here’s a snapshot of our values, so you can see what we’re all about: Relentlessly collaborate, defeated by nothing, proud to be ambitious, agile at our core and we are our people.
Role responsibilities
* Underwrite, trade, and negotiate new and renewal business in alignment with the company’s underwriting strategy and risk appetite.
* Assess and prioritise incoming new business enquiries to ensure alignment with the company’s target market.
* Identify and obtain key risk information necessary for accurate underwriting and pricing of risks.
* Collaborate with the Business Development team to support growth objectives and achieve agreed business targets.
* Process policy adjustments and endorsements in a timely and accurate manner.
* Handle and resolve queries from clients, colleagues, and other stakeholders effectively.
* Manage and resolve queries related to accounts and claims in coordination with relevant departments.
* Proactively identify personal training and development needs and communicate these to the Manager.
* Operate within the limits of assigned underwriting authority and in compliance with internal governance.
* Adhere to company service standards and contribute to a high-performance culture.
* Continuously seek opportunities to improve efficiency, profitability, and professional development.
Skills and experience
* Extensive underwriting experience across core market insurance products. Ideally gained within Leisure, Entertainment and media, professional Indemnity or Personal Accident insurance.
* Strong trading and negotiation capabilities, with a focus on delivering commercially sound outcomes.
* Solid understanding of regulatory compliance requirements within the insurance industry.
* Familiarity with FCA (formerly FSA) rules and the ability to ensure ongoing compliance.
* In-depth knowledge of Bspoke policy documentation and wordings.
* Demonstrated ability to apply underwriting expertise and sound judgment in risk assessment and decision-making.
* Working knowledge of market-standard wordings and insurance product structures.
* Understanding of legal principles as they pertain to insurance contracts and practices.
* Good knowledge of the broker landscape, including broker needs and relationship management.
* Experience in commercial underwriting or in broking roles involving commercial insurance products.
* Excellent written communication skills, with the ability to convey information clearly and avoid unnecessary jargon.
* Strong customer insight and the ability to anticipate and respond to end-customer needs.
* High attention to detail, with a focus on accuracy and consistency in underwriting practices.
* Strong numerical skills and the ability to interpret financial and risk data effectively.
* Effective use of negotiation skills to achieve optimal underwriting outcomes.
* Ability to manage workloads, meet tight deadlines, and perform well under pressure.
* Commitment to delivering outstanding customer service.
* Enthusiasm for personal development and supporting the development of others.
Sounds like you?
We at Bspoke are ready so if this role sounds like you apply today. If we 0re lucky to be inundated with quality applications we may close the application early, so what are you waiting for?
Seniority level
* Associate
Employment type
* Full-time
Job function
* Business Development
* Accounting/Auditing
* General Business
Industries
* Insurance
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