Job Title: Underwriter
Purpose of the Role: -
To work in the equinox Lectio team as an underwriter to help deliver growth and expansion of this cross class underwriting facility.
Key Role Accountabilities:
- Delivery of daily tasks in a timely and accurate manner.
- Working compliantly with the Authority delegated by insurers.
- Daily tasks can include, but are not limited to:
- Review risks and submissions received from the brokers to assess if the risk is in line with the criteria set out in the Delegated Underwriting Agreement (DUA).
- Liaise with brokers to explain where these risks are outside of this scope and why we are declining.
- Send formal offers of lines on risks that are in scope, ensuring the line size is within those set out in the DUA, particularly across complex multi-layer programs.
- Checking firm order slips meet requirements and formally binding lines via PPL or Whitespace.
- Review and agree or refer endorsements.
- Send final slips for processing and, where required, aggregate teams for reporting to insurers.
- Build good working relationships with the various broking teams.
- Build good working relationships with capacity providers.
- Participate in regular insurer meetings to review progress of the facility.
- Participate in regular team meetings to:
- Review our progress against targets.
- identify and suggest improvements for growth areas.
- Suggest improvements in process to help efficiency.
- Option to participate in:
- review of other data and reports if suitable
- DUA renewal and endorsements throughout the year
Qualifications & Experience:
- Familiar with the layout of the London MRC contract
- Experience with underwriting submissions is desirable.
- Knowledge of Property, Financial Lines, Marine, Specie, Terrorism or Cargo insurance is preferable.
- A-levels with GCSE (or equivalent) passes in Maths and English
- High level proficiency in MS Outlook, Word, and Excel – PowerPoint experience can be beneficial also.
- Strong negotiation, influencing skills, analytical, verbal, and written communication skills are valuable.
Person Specification:
- The role has the option of being a permanent home worker with ability to travel to London when required. As such you should have the ability to be self-motivated/disciplined but also be a team player.
- Accuracy and attention to detail is critical as well as the ability to handle multiple priorities during busy periods.
- You should be comfortable working with employees at all organisational levels.