Address
Form of work
SalaryTrading Underwriter
Manchester
Salary - £60,000 - £70,000 p.a.
We are seeking a highly skilled Trading Underwriter with experience in handling £1m+ GPW (Gross Written Premium) to join a dynamic team in a leading insurance company based in Manchester. Our client is part of a global insurance group and an approved cover holder at Lloyd's of London, they specialize in providing innovative insurance solutions across various sectors and the business is 50/50% renewals and new business oriented.
Responsibilities:
- Evaluate the risk and exposures of customers for new business, mid-term adjustments and renewals from our network of UK and Ireland brokers.
- Quoting, converting and retaining business to meet budget and underwriting performance targets.
- Underwrite the full range of products from all distributions.
- Achieve both new business and renewal GWP income budgets.
- Underwrite in accordance with the Internal Underwriting Guide and the Underwriting authority awarded.
- Trade with Brokers to maximise conversion and retention within your authority.
- Monthly reporting to Line Manager.
- Take underwriting referrals from other offices.
- Understand/support and drive income, conversion and retention objectives.
- Conduct Peer Reviews as allocated and as per PP003.
- Assist in the development of new and existing products.
- Deal with incoming enquiries from clients, insurers and other third parties in a professional and timely manner.
- Underwrite taking all necessary care to protect the interest of our capacity providers.
- Carry out macro underwriting tasks as required.
- Perform other duties from time to time as determined by the management.
Skills and Experience:
- c3 years of experience in trading underwriting.
- Proven track record of underwriting a significant Gross Written Premium (GWP) volume.
- Cert CII qualified progressing towards Dip CII
- Proven track record in trading underwriting within an MGA, insurance company or Lloyd’s syndicate Skills and competencies.
- Display excellent sales and trading behaviours.
- Excellent numerical, analytical and planning skills
- Knowledge and understanding of the insurance market and the basic principles of insurance.
