Trainee Underwriter

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Trainee Underwriter

  • Location:

    United Kingdom

  • Contact:

    Piere Forbes

  • Contact email:

    piere.forbes@equitycity.co.uk

  • Contact phone:

  • Job ref:

    426

  • Published:

    10 days ago

  • Expiry date:

    2024-08-02

About us

ERS is the UK's largest specialist motor insurer with an A+ rating. We recognise that for some, motor insurance is more than just a must-have; it's a way of taking care of what stands at the heart of their passion or livelihood. For those people, standard insurance isn't enough. That's why we work exclusively with motor insurance brokers to help get under the skin of the most difficult insurance risks, helping build products to meet their customer’s needs.

The role

The Underwriter’s primary responsibility is to write a range of medium to complex risks within the products risk appetite and within own individual underwriting authority. You will also act as a referral point for team members with a lower level of authority helping to develop their technical knowledge and understanding. The role is market visible which will see you working closely with our broker partners and forming solid trading relationships, these relationships will help ERS achieve their short- and long-term financial plans by seeking to broaden our market penetration. Success in the role will require 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.

This is a Hybrid role which entails three days collaborating with colleagues in the office, and two days working from home each week.

Key responsibilities
  • Contributing to the execution of the underwriting strategy for the Class of Business, working within the agreed risk appetite and own individual authority to process quotes, renewals, Mid-term adjustments and cancellations.
  • Providing input to the development of our underwriting appetite
  • Assisting in the management of portfolio performance through the analysis of results and the ability to make recommendations.
  • Supporting the Team Leader and Operations Manager to create a high-performance culture by demonstrating role model behaviours.
  • Work with the operational leadership team & technical training team to help identify training needs.
  • Act as our first line of defence. Understand and adhere to the zero-tolerance fraud strategy.
  • Having significant awareness of and ensuring adherence to all regulatory requirements, guidelines and working practices – both internally and externally.
  • Understand and adhere to the complaint handling process.
  • Proactively seeking to learn and develop to ensure the best possible performance.
  • Achieve personal performance targets and work collaboratively with others to deliver against our combined key metrics, business objectives and strategy.

Desirable behavioural attributes
  • Aptitude for utilising Data from various sources in decision making, with excellent attention to detail and accuracy.
  • Good commercial awareness that allows you to identify and take advantage of market opportunities.
  • The ability to Communicate clearly and efficiently at all levels. • Innovation and Problem-solving skills, using creative ways to address challenges.
  • Possessing interpersonal skills which will allow you to build and maintain relationships.
  • A clear desire to continually learn and develop, embracing available opportunities for growth.
  • Performance focused, setting stretching and motivating goals.
  • Shows a positive and tenacious approach to challenge, adapting quickly to change.

Benefits
  • Competitive Benchmarked Salary
  • 25 days holiday
  • Discretionary bonus scheme
  • Employee assistance programme
  • Annual holiday buy (up to 3 extra days)
  • Salary sacrifice benefits
  • Annual benefits reviews
  • The option for professional qualifications and study support