Commercial Underwriter (Broker Business)
Commercial Underwriter (Broker Business)
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Job Description
Job Description
Job title: Underwriter (Broker Business)
Location: City of London
Salary: Circa 50k
Purpose of the role:
Responsible for trading underwriting and service activities the objective of this role is to offer consistent quality service to customers deliver satisfactory and profitable results for the company and develop good business relationship with their clients broker panel. 2-3 days office based and the remainder working from home.
Key Responsibilities:
- Develop good business relationship with new and existing brokers.
- Underwrite commercial combined/SME risks within the Broker Business team. This includes quoting new business and underwriting existing business (MTAs and renewals).
- Responsible for managing and serving a panel of assigned brokers accounts.
- Negotiate pricing and terms with brokers in line with Underwriting Authority.
- Ensure accurate policy documentation issued to brokers.
- Visit brokers as required to develop business and maintain existing book / cross-selling companys products.
- Produce monthly reports for renewals and provide accurate analysis.
- Identify poorly performing accounts and take remedial actions as needed.
- Liaise with Claims team and prepare relevant claim reports.
- Liaise with Finance team on daily broker / client enquiries and assist Finance team on premium receivable as part of key tasks.
- Liaise with IT team for system enhancement and the testing of new & existing products.
Requirements:
- Certificate in insurance (Cert CII)
- MS Office skills such as Excel and PPT etc.
- Over 2-years experience in insurance underwriting within commercial/SME lines.
- Good understanding and knowledge of insurance industry.
- Knowledge and experience of underwriting insurance risks.
- Knowledge of relevant regulatory practices and legislationin the industry.
- Ability to work independently and as part of a team.
- Good time management skills to meet deadlines.
- Good communications and negotiation skills.
If you have the relevant experience or know someone that does please contact us now on 0 or email us at
To view all Current Vacancies visit our website
Please Note: Due to the sheer volume of applications we receive we will only contact successful applications. Therefore if you have not heard from us within 10 working days please deem your application as unsuccessful.
Employment Type
Full-Time
