New Job Opening: Treaty Casualty Underwriter in LONDON, EC3V 4AB, United Kingdom

Job Title – Casualty Treaty Underwriter

Contract – Permanent

Salary - Competitive

Location – London

 To underwrite business with the aim to develop business opportunities within the general, commercial insurance markets. To enhance earnings through a strong mix of specialist risk taking and investment skills combined with a distribution capability, to build a strong business profile as the leading company in our sector.

Budget and headcount information: 

• General - To escalate to the Class Underwriter all Human Resources performance or any other personnel issues in line with Human Resources Policies.


• To undertake and submit performance reviews (where appropriate) for the team within the timescale agreed with Human Resources.


• Training & Development - In liaison with the Class Underwriter ensure that the development needs of the team are met.

Principal Accountabilities:

Business Planning

• Preparation - To support the Class Underwriter in the preparation of the Business Plan as required.


• Maintenance - To ensure that the business plan is maintained in line with the Key Performance


• Indicator’s as established by the Underwriting Committee.


• Strategy - To Understand and ensure that the strategy is fully supported within the Underwriter Role.


• Report & Accounts - To assist the Class Underwriter with preparation of data for inclusion in the company report and accounts.

Underwriting

• Client Audits - Assist and support the Class Underwriter with Client Audits ensuring always that changes implemented by the Class Underwriter are maintained.


• Key Relationships - Assist the Class Underwriter in developing key relationships at level equivalent to Underwriter role with brokers etc.


• Capacity - Monitor the capacity so that the Class Underwriter can ensure that appropriate business is being written.


• Evaluation and Control - Underwrite insurance and re-insurance risks in accordance with the approved business plan, subject to individual authorisation levels, referring to the Class Underwriter as appropriate.


• Business Development - To assist the Class Underwriter in the research and development of new business.


• Peer review - To support the Class Underwriter and present own risks at Peer Review meetings and to participate in discussions on risks written by other areas of division.

Compliance

• Recording & Reporting - Assist the Class Underwriter in ensuring that recording and reporting of relevant information is done within regulatory boundaries.


• Regulatory Issues - Ensure that all risks are written within regulatory guidelines.

Decision Making Responsibilities:

• Underwrite insurance and re-insurance risks in accordance with the approved business plan, subject to individual authorisation levels, referring to the Class Underwriter as appropriate.

Education, Qualifications, Knowledge, Skills and Experience:

• ACII qualified (preferable)


• To have a minimum degree education (preferable)


• Thorough knowledge and experience of underwriting within the relevant market.


• Up to date understanding of market compliance and regulatory requirements for this class.


• Familiarity of Brokers within the market, and the ability to establish and maintain good working relationships.


• Sound IT skills, particularly the use of MS Office packages to intermediate level


• Strong numerical and literacy skills.


• Good leadership skills, with the ability to train, mentor and oversee a small team of Underwriting assistant staff.


• The ability to research and collate various information sources, to enable the timely preparation of reports.


• The ability to independently prioritise tasks and meet tight deadlines.


• Experience of analysing trends and shifts within the market and relevant class of business and reporting and acting upon findings where necessary.

London: 0203 411 8430

Email: [email protected]