Property and Package Underwriter

Primary Details

Time Type: Full time Worker Type: Employee

Property and Package Underwriter

Birmingham

Permanent (Hybrid)

The Opportunity

QBE Europe is looking to recruit a Property and Package Underwriter to join our established and well respected underwriting team in our Birmingham office. In position you will be recruited to underwrite business, both new and existing, in accordance with the business plan and within delegated underwriting authority. You will support and work with stakeholders internally and externally.

Your new role

• Support the development of the annual business plan for the portfolio and ensure delivery of the plan.

• Ensure the team’s awareness of the business plan and its context, to be able to make decisions appropriately.

• Apply the Reinsurance Strategy to safeguard the portfolio.

• Contribute and participate in all meetings, to share and develop strategy, knowledge, and best practice.

• Positively promote the department, division, and company, to maximize brand leverage.

• Contribute to the development of the team’s business plan to maximize productivity and performance.

• Perform complex 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, including DUA’s where relevant, to ensure accuracy and good practice.

• Apply any reinsurance requirements to minimize risk and to deliver business plan objectives.

• Act as a technical expert to support the identification of issues and opportunities within area of expertise.

• Establish and strengthen strong relationships with stakeholders including customers, brokers, business partners and colleagues, to maximize influence and achieve business objectives.

• Demonstrate understanding and awareness of market dynamics and market cycle to drive and enhance business performance.

• Continually develop expertise and technical knowledge through identifying and implementing appropriate learning and development activities

• Underwrite complex insurance risks in accordance with the business plan and the personal authority to meet business objectives, including: | negotiating rates, terms, and conditions for existing and new business | Compliance of production and issue of contract certainty documentation (non-Lloyds) | ensuring compliance with internal and external regulations and guidelines | ensuring contribution to the business plan and objectives | Support credit control in payment collection.

• Contribute and influence in the review and analysis of the portfolio to identify progress toward business objectives.

• Ensure entries are properly and promptly recorded on EO systems to ensure accuracy of data, in relation to: | Underwriting | Aggregate exposures.

• Contribute to the aggregate management and peer review processes to encourage and develop excellence.

About you

• Experience and knowledge in underwriting Property & Package Business.

• An understanding of market trends

• A good network of broker contacts

• Good relationship management through interpersonal and communication skills with the ability to influence and negotiate.

• Progress towards CII Qualifications

• Good knowledge of relevant underwriting systems.

• Thorough understanding of class specific underwriting and reinsurance knowledge

• Intermediate level understanding of relevant software, including Excel and other departmental software packages.

• Strong knowledge of legal and regulatory requirements (specific reference to FSA / Lloyd’s regulation).

Why QBE? At My Best

At QBE, we want our people to feel rewarded and inspired to perform at their best, that’s why we have created “At My Best”. It’s our connection, our way of showing we have your back. We understand that one size doesn’t fit all and that priorities can change depending on your life stage.

That is why our blend of wellbeing initiatives and benefits offer flexibility to suit what matters most to you. It’s in the culture of our business, our QBE DNA, to support our people. Everything we do is underpinned by our QBE DNA - because we know it’s not just what we do that matters, it’s how we do it that makes the difference.  In addition to this, we also offer flexible parental leave for both parents and have several employee network groups that support and empower our diverse workforce.

At QBE, we view our people as our most precious asset. We understand the importance of fostering a work environment that is responsive to the changing needs of today's workforce. QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job, we have adopted flexible working across the company and welcome this conversation. #LI-Hybrid

Some of the award’s QBE are proud to have won, been a finalist for, and shortlisted for include. 

Employer of the Year 2022Winner – Insurance Insider

British Claims Awards 2022 Winner - InsurTech Award 

Insurance Times Claims Excellence Awards 2022 Winner - Claims Product Solution of the Year 

Working Families Best Practice Awards 2021 Finalist for: Best COVID-19 Response  

Insurance Post British Insurance Awards 2022 Shortlisted for: Best Customer Care, Diversity & Inclusion Initiative of the Year 2022, Specialist Insurer of the Year (for Construction), General Insurer of the Year 

We are proud to have partnerships with organisations such as Stonewall and Working Families, and our commitment to the Women in Finance Charter, the UN Women’s Empowerment Principles and Race at Work charter helps keep us accountable and transparent.

Inclusion of Diversity

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