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Form of workThe Role:
Underwriter
To actively participate in Underwriting team activity ensuring the production of Renewal and Mid Term Amendment or New Business quotations in line with Underwriting guides, service level agreements, and within business operating standards
Using your skills, you will be responsible for achieving income targets across a range of insurance products and motivating others to do the same. Ensuring technical compliance and maintaining Broker and Insurance Partner relationships.
Responsibilities:
- To prepare and provide Renewal and MTA and /or New Business quotations to Broker Partners based on personal authority limitations.
- Instigate regular dialogue with Broker partners on allocated renewals/issued quotations to secure instruction and achieve individual and collective targets.
- Provide accurate and compliant Renewals and Mid-term adjustments and new business quotations in line with pricing levels, risk selection criteria and ensure that income and conversion objectives are achieved.
- Work with Business Development to achieve business growth in accordance with targets whilst Underwriting to agreed loss ratios
- Utilise communication and negotiation techniques and skills to clearly explain the features and benefits of our products, ensuring that every Broker receives a full complement of sales and upselling opportunities.
- Adhere to the contents of the Operating Procedure Manual and Business Unit Supplemental Operating Procedure Manual and Underwriting guides at all times
- Ensure the TCF principals are fully understood and applied across all business partners
- Carry out any additional duties as agreed with your Team Leader or Product Manager
- Experience:
- Experience of working within a Regulated FCA environment desirable.
- Previous (Liability/ Motor/ Professional Risks/ Property) underwriting experience is desirable
- Understanding of the Broker market & ability to develop effective broker relationships
- Proven understanding of underwriting guidelines for all transactions (renewals, endorsements, cancellations, etc.). and ability to demonstrate a working knowledge of market wordings and products
Further information
As well as a competitive salary we offer the following benefits -
- Competitive holiday allowance with the annual option to buy additional days
- Death in Service benefit of x4 salary
- Company pension scheme
- Very generous maternity and paternity leave packages
- A flexible benefits package which allows you to add additional benefits to your overall package
- Our benefits portal offers discounts on technology & electronics, cinemas, restaurants, days out, mortgage advice, travel and many more
- Referral schemes
- Discounted rates on PIB products
- We offer a first-class employee benefits and welfare package to support our employees with financial management, cycle to work scheme, counselling support, health screening, will writing, menopause support, books, stopping smoking and much more
- We also offer a wide range of discounts including a kids pass – giving you discount to over 4500 attractions and activities, discounts at hairdressers and beauticians, climate change projects with lots of other options to choose
- PIB has a comprehensive learning & development framework, including professional study options and apprenticeships which are available to all employees, and which will support your career development
- Being a part of our PIB Community Trust, we support fundraising where you can apply for grants from PIB Group towards your chosen charity
- PIB Group are committed to improving their environmental impact in a responsible way. From the individual actions that our colleagues take every day through to installing the right facilities across our premises, there are many measures in place to help reduce PIB’s carbon footprint.
We are proud of our success and growth and have been recognised for many industry awards across our business. If you wish to work for a company that truly puts people at the heart of their organisation, then we would love to hear from you. PIB operates a flexible working policy, and our management teams will talk to you about how that would meet both your flexible working needs and those of the business and role you are applying for. We would love to hear from you if you want to hear more about opportunities in PIB.
We are an equal opportunities employer, committed to hiring a diverse and inclusive workforce. We do not discriminate on the basis of race, colour, gender, religion, disability, age, sexual orientation or any other characteristic protected by law.
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