Job Description
Senior Development Underwriter (AB501)
Location: London/Hybrid
Role:
Opportunity for a Senior Development Underwriter to join a London Branch, where you'll take charge of managing and building relationships with Brokers. Working as part of an experienced team to manage submissions, quotes, and bindings for new business while achieving target quote and conversion metrics.
We're seeking a decisive professional with exceptional attention to detail who excels at building strong internal and external relationships. You'll leverage your negotiation skills to drive results and independently evaluate moderately complex risks in challenging markets.
Responsibilities:
- Manage the profitability, growth, and retention of an assigned book of business primarily comprised of moderate to complex accounts across all products.
- Underwrite and skilfully negotiate moderate to complex risks to minimise risk and maximise profitability, including Mid Term Adjustments (MTAs).
- Proactively manage your portfolio, ensuring key performance indicators are consistently achieved and you actively target new business and retention.
- Identify and take corrective action based on individual risk characteristics identified through Portfolio Management to actively manage your portfolio of risks.
- Identify and capture opportunities to write additional lines of business using knowledge of products, risk characteristics and appetite.
- Proactively utilise various technology platforms to quote and bind risk efficiently.
- Prepare, lead and present Underwriting Reviews for individual policies or portfolios/schemes and manage action points.
- Build and maintain strong relationships with both internal colleagues and external brokers, leveraging various communication channels and in-person meetings to identify cross-selling opportunities, market products, and secure and retain business in line with risk appetite.
Skills/Experience
- Essential: Strong experience of underwriting, product knowledge, financial analysis, or risk assessment experience.
- Knowledge: Deep knowledge of products, the regulatory environment, and the local insurance market.
- Analytical/Critical thinking: Strong critical thinking skills with the ability to underwrite, market products, identify financial challenges, and analyse available information to make decisions in alignment with our risk appetite.
- Communication/Influence: Excellent communication skills with the ability to successfully negotiate in difficult situations with brokers.
- Demonstrates inclusive leadership by working effectively with diverse individuals and mentoring others to achieve business objectives.
- Conducts industry and competitor analysis to inform team strategies and leads or participates in projects focused on product enhancements and regulatory changes.