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Property Underwriter - Existing Business

  • Location: Bury St. Edmunds
  • Contract hours: FullTime

Job provided by Morrisons

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About the job

OverviewAn exciting and challenging opportunity to underwrite newand existing non-standard property risks throughout the UK using our latestin-house software and market leading product range. On a day to day basis,successful candidates will be required to apply their judgment and experienceon risks that fall within their predetermined binding authority. Theywill learn to build and maintain a profitable risk portfolio while contributingto the day to day operations of a successful and long established business. JobPurposeNegotiating with brokers, studying various insurance proposals by gathering and assessing background information in order to effectively underwrite the risk involvedTo provide support and work with the business development team ensuring all quotations are underwritten commercially to ensure monthly targets are achievedYou will be responsible for calculating the possible risk and deciding how much individuals should pay for insurance whilst remaining commercial at all timesDevelop an understanding of complex underwriting cases KeyResult AreasDeliver excellent customer service to clients / IFAs and Brokers throughoutDealing with any incoming amendment enquiries both with clients and brokers ensuring we are underwriting commercially to secure the sale.To underwrite consistently and profitability with all Existing and Renewal risksAuthorising new policies underwritten within the Existing Business Team.Ensure you are operating within the terms of binding authorities, FCA regulation and TCFSupporting and working with the Existsing Business Team in servicing policies.To identify and challenge non-standard & standard underwriting decisions within the Underwriting Guide and challenge insurers. Communicating with the business development team, brokers and clients to understand needs and requirements when underwriting quotations.To tackle difficult complex cases head on to gain a more in depth knowledge of non-standard underwriting.Demonstrate increased ability for creative thinking and problem solving Understand and comply with current operational processes and procedures but also look for ways to improve the way work is currently carried outLiaising with insurers to get the possible terms and premiumsUnderwriting Existing and Renewal policies presented on the inet3 trading platformUnderstating brokers requirements and whats required to secure the sale when underwriting quotations Able to work under pressure and in a fast-paced environment Keeping accurate records of discussions or correspondence with customers Skillsand CompetenciesExcellent communication and negotiation skills both over the telephone and in writing Problem Solving Computer literate The understanding to think outside the box and make commercial underwriting decisions Qualifications A-Level Standard Qualifications TechnicalExperienceIn depth understanding of Residential Property Insurance In depth understanding of Property Insurance Sales and/or UnderwritingGeneral Understanding of Property Insurance ClaimsGeneral Understanding of FCA GI Regulation ExperienceRequiredA minimum of 1 year experience in Property Insurance and/or Underwriting KeyRelationshipsInternalBusiness Development Executives Provide Support and Technical Advice Underwriting Support Provide Support and Technical Advice Underwriters Provide Support and issue resolution Compliance Officer Obtain Regulatory/Compliance Advice



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