Underwriter

Recruiter
Location
London
Salary
£0 per annum
Posted
15 May 2018
Closes
12 Jun 2018
Ref
j22849
Contact
Jamie France
Experience
Qualified
Contract Type
Permanent
Hours
Full Time
My client are a leading underwriter of a wide range of specialist motor insurance products. Within the businesses strategy of being the UKs leading specialist motor insurer, their focus is on delivering sustainable, high margin growth in these segments through the provision of high quality propositions to a wide range of broker partners.

The Underwriter`s primary responsibilities are for the execution of our underwriting strategy and underwriting appetite, and materially contributing to the achievement of our short and medium term financial plans.  The Underwriter role is responsible for a range of complex underwriting activities and in contributing to our continual drive towards improving our financial performance.

The role is highly market visible, involving extensive broker contact when communicating our strategy, underwriting unusual and complex risks and in helping manage the financial performance of existing relationships and in seeking to broaden our market penetration. 

Success in the role requires extensive technical expertise in our product(s) and frequent collaboration with other business functions to ensure that we leverage capabilities from across the business in delivering first class propositions to our chosen market.

Key Responsibilities

The key priorities for the holder of this role are:

providing input to the development of our underwriting appetite for our product(s) based on your market knowledge and product expertise and being responsible for executing our pricing and underwriting strategies   

contributing to the management of portfolio performance through the analysis of results, execution of our selection and pricing strategies and providing recommendations as to actions which will drive continuous performance improvement, thus ensuring that we will meet or exceed our financial plans
 
underwriting a range of complex, unusual and non-standard risks in accordance within our stated underwriting appetite. You will also provide input and feedback such that we constantly refine our underwriting appetite to ensure that we take advantage of market opportunities and outperform our peers through superior risk selection and proactive management of our business mix

acting as a point of technical referral from brokers and internal functions, using your extensive risk, product and pricing knowledge to inform appropriate decisions in respect of those referrals
 
provide feedback to Portfolio Underwriting Managers and to members of our Pricing team relating to the

effectiveness of our risk pricing models to help us constantly drive enhanced sophistication and accuracy in our risk pricing   

working closely with all areas of the business to ensure that we deliver a clear and seamless set of propositions to the market.

understanding the risk environment in which we operate and ensuring that you undertake your duties in accordance with our established control environment, authorities and operational processes

establishing and continually enhancing a range of business relationships with our key partners, ensuring that we understand and satisfy their needs and those of their customers
 
ensuring that at all times, we operate in such a way which is consistent with all legal and regulatory provisions. We are a business which takes our stated values and behaviours seriously and are absolutely committed to acting at all times in ways which are ethical, compliant and appropriate

Skills & Experience

This role carries extensive financial responsibility as well as being recognized as a market leading subject matter expert in your product(s). We therefore require our role holders to demonstrate extensive technical expertise and to use commercial judgment in the fulfilment of their role. We expect our people to demonstrate the following skills, attributes and knowledge:

A detailed understanding of underwriting strategy and risk appetites and  ability to operate within these to ensure the achievement of a set of challenging financial targets
 
possessing extensive technical knowledge of the product(s), including the features of the product, factors that drive product performance, market dynamics which influence how the product is delivered and the requirements of customers using the product(s)
 
first class underwriting, risk selection and pricing skills which will ensure that we optimize the financial performance of a range of product propositions in a complex and competitive market.

possess extensive commercial awareness, being able to spot and take advantage of opportunities and to fulfil their role in a way which enhances our financial performance

possess a detailed understanding of pricing practices and methodologies with the ability and experience to help us constantly enhance our pricing capability, providing insight and feedback on our pricing models

possessing interpersonal skills which will allow you to build and maintain value adding relationships. You must be able to articulate what a mutually beneficial relationship looks like and be comfortable having difficult conversations with business partners and colleagues

having a strong awareness and understanding of our control environment which allows us to operate within our stated underwriting authorities, risk appetites and operational processes

having extensive knowledge of the legal, regulatory and compliance provisions that apply to the UK motor insurance market 

The combination of these skills, experiences and knowledge will ensure that you are able to materially contribute to the development of our underwriting strategy and risk appetite and to the achievement of our short and longer term financial plans.   

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