Property Underwriter - 100% remote - #1653985

Our client is a leading insurance business and they are now looking to recruit a Property Underwriter for a 100% remote home working role to be responsible for the evaluation, product proposition including rate setting and underwriting of property owners (Residential and Commercial) Unoccupied Properties, Package SME retail, Leisure, Office and Surgeries Package as well as Commercial Combined in accordance with the approved business plan. This is a great opportunity to join a highly successful organisation at an exciting stage of growth.

Principle Accountabilities

• Risk assessing, working with Market rates and Terms
• Supporting MGA’s delegated authorities/binders (and any others required) by producing an underwriting profit on various lines of commercial business primarily Property/Package/Commercial Combined and Liability.
• Review and analyse insurance applications for Property, Package, Commercial Combined risks
• Monitor loss ratio and ensuring a combined operating ratio is achievable for all parties. Ensuring maximum G.W.P and commission
• Construct Policy Wordings
• To support the Group Underwriting Manager in expanding the account line with the syndicate plans whilst maintaining a focus on bottom line improvement
• Monitor accuracy of contracts (contract certainty)
• Assist in preparation of statistics and documentation as required
• Pricing and analysis of new and renewal binding authorities
• Monitor risk level data
• Stay updated on industry trends, regulations, and guidelines to ensure compliance and accurate risk assessment
• Assist Group Underwriting and Development Manager with Conduct Risk and participate in peer review process
• Manage the underwriting guidelines, appetite and authority of the product line
• Operate within delegated authority
• Develop / Share knowledge with team to ensure support and reduce single point of dependency

Skills and Abilities

• Proven track record in Property Underwriting within an MGA, Insurance company, Lloyd’s syndicate or oversight of a Broker DUA
• Understanding, applying, and explaining of core principles, practice, and market knowledge
• Develops and enhances relationships both internally and externally. Demonstrates effective communication skills and an ability to communicate at all levels.