Mid Market Assistant Underwriter
other jobs Gravitas Recruitment Group
Added before 8 Days
- England,London
- full-time
- £40,000 - £60,000 per annum
Job Description:
Our client a leading global Re/Insurance company has a unique opportunity for an Assistant Underwriter to join the Middle Market London business team.
The Middle Market Underwriting team offers diverse multi-line capabilities targeted at select industry verticals such as real estate, hospitality, financial institutions, professional services, technology, and life science. They work through a network of retail brokers who share our commitment to long-term partnerships built on a strong service proposition.
What you’ll be doing:
*Prioritization and evaluation of new and renewal submissions to identify those accounts that provide the greatest opportunity for profit consistent with the business plan and corporate profit objectives.
*Price and analyze coverage, structure and exposures on individual risks.
*Set appropriate T&Cs per the Company underwriting strategy and guidelines to quote qualified risks.
*Attend client/broker meetings, lunches, dinners and other social outings as applicable.
*Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems and procedures.
*Expand existing portfolio of business by developing existing relationships and new prospective clients.
*Support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture. Emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite.
*Conducts individual account underwriting audits as and when needed.
*Complete underwriting referral applications for risks outside of your authority for higher level approval as necessary.
What you’ll bring:
*Cross class P&C underwriting experience within the middle market space.
*Undergraduate, Insurance or advanced degree preferred.
*At least 3+ years of P&C underwriting experience.
*Experience within the middle market space.
*Established relationships with retail producers.
*Strong negotiation skills.
*Proficiency in Microsoft Office Suite (Excel, Word and PowerPoint).
*Excellent communication (both written and verbal) skills.
The Middle Market Underwriting team offers diverse multi-line capabilities targeted at select industry verticals such as real estate, hospitality, financial institutions, professional services, technology, and life science. They work through a network of retail brokers who share our commitment to long-term partnerships built on a strong service proposition.
What you’ll be doing:
*Prioritization and evaluation of new and renewal submissions to identify those accounts that provide the greatest opportunity for profit consistent with the business plan and corporate profit objectives.
*Price and analyze coverage, structure and exposures on individual risks.
*Set appropriate T&Cs per the Company underwriting strategy and guidelines to quote qualified risks.
*Attend client/broker meetings, lunches, dinners and other social outings as applicable.
*Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems and procedures.
*Expand existing portfolio of business by developing existing relationships and new prospective clients.
*Support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture. Emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite.
*Conducts individual account underwriting audits as and when needed.
*Complete underwriting referral applications for risks outside of your authority for higher level approval as necessary.
What you’ll bring:
*Cross class P&C underwriting experience within the middle market space.
*Undergraduate, Insurance or advanced degree preferred.
*At least 3+ years of P&C underwriting experience.
*Experience within the middle market space.
*Established relationships with retail producers.
*Strong negotiation skills.
*Proficiency in Microsoft Office Suite (Excel, Word and PowerPoint).
*Excellent communication (both written and verbal) skills.
Job number 1647533