Assistant Underwriter - Property

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Assistant Underwriter - Property

  • Location:

    United Kingdom

  • Contact:

    Piere Forbes

  • Contact email:

    piere.forbes@equitycity.co.uk

  • Job ref:

    383

  • Published:

    26 days ago

  • Expiry date:

    2024-06-01

About the job

About 

We enable your ambition. We insure good people – knowledgably, fairly, and efficiently. We combine our expertise with the best of science, data, and analytics.

Our clients aim is to create an underwriting focused insurance and reinsurance business, concentrating on limited classes. We want to combine the best data and analytics that exist and build our own capability to generate insights to drive business decisions. At the top of our agenda is to create a diverse and open culture where we foster talent and provide opportunities to build a rewarding career in a company that is vibrant and at the start of an exciting journey.

We have a culture that is inclusive, fun, and constantly strives for excellence, we describe it as ‘all in’. Our values are:

  • Get Smart – we ask questions, explore, learn, and continuously strive for excellence
  • Park the Ego – we are welcoming and open, and embrace different thinking
  • Share the Passion – we collaborate and communicate our expertise honestly and thoughtfully
  • Radical Simplicity – we are transparent, focused and actively avoid complexity in how we operate

Aim of the role

Our Assistant Underwriters will underwrite business within assigned underwriting authority, and work within the underwriting team to achieve the business plan. They will also conduct some underwriter support activities when required.

The successful candidate will do this by:

Day-to-day

  • Building and maintaining relationships with customers, brokers, business partners and colleagues to achieve business objectives
  • Underwriting (re)insurance risks in accordance with the business plan and personal authority to meet business objectives
  • Assisting with rating of account by analysis, interpretation and input of underwriting information into pricing models
  • Calculating appropriate risk premium by using company pricing tools for the specific line of business
  • Reviewing submissions including applications, policy wording, loss runs, and financial reports
  • Proactively advising, assisting, servicing and following up with clients on insurance and risk management matters
  • Providing timely service of new and renewed accounts according to quality standards
  • Managing policy endorsement/adjustment requests (of higher complexity) to process any necessary changes to the policy (if cannot be completed by Ops)
  • Overseeing monitoring of service levels

Ad hoc

  • Supporting Underwriters for renewals and client meetings
  • Contributing to and following the business planning process for the Underwriting division in order to make appropriate decisions
  • Supporting other functions as and when required

To do this, we’re going to need you to bring:

  • Collaborative approach with an innovative mindset who provides creative solutions and ideas for resolution
  • A relentless curiosity along with excellent analytical and technical skills
  • Excellent written and oral communication skills
  • Ability to manage time, meet deadlines and prioritise effectively
  • Intermediate level understanding of relevant software including Excel