Property Underwriter with ref. J36219

Job Title: Property Underwriter
Location: Bury St Edmunds
Salary: £Competitive

Role Overview:

An exciting opportunity has emerged for an experienced Property Underwriter to join our client's team of non-standard property specialists. We seek an individual with proven in-depth experience in residential property underwriting. The successful candidate will thrive in a dynamic and expanding new business team, contributing judgment, flexibility, and expertise.

Responsibilities:

Negotiate with brokers, analyze insurance proposals, and underwrite risks in line with company procedures.
Handle new business enquiries within allocated authority levels, following the company's underwriting guide.
Develop and maintain strong relationships with key brokers, clients, and stakeholders.
Act as a technical referral point for the New Business department, ensuring the sharing of technical expertise.
Demonstrate professional communication, achieve contract certainty, and issue accurate policy documentation.
Proactively support the acquisition of new business and represent the company externally.
Support the development and execution of underwriting strategy.
Report issues, concerns, and feedback to the relevant Associate Director.
Recommend timely changes/updates to underwriting appetite, guides, pricing, and wordings.
Stay informed about market developments and provide recommendations for action.
Work towards set monthly targets, including profitability, GWP, conversion, quotes per day, turnaround times, and workflow management.
Follow underwriting and pricing knowledge and guidance from the Senior Management Team to meet performance commitments.
Comply with laws, regulations, and key regulatory, conduct, and risk management requirements in the insurance market.
Utilize available actuarial information, statistics, and underwriting experience when considering acceptance, terms, and premiums.
Make effective decisions when dealing with complex issues, justifying underwriting decisions and maintaining detailed and accurate records.
Provide excellent customer service to build strong relationships with brokers.
Act as the delegated underwriter for agreed brokers, offering a bespoke service when required.
Undertake required training to ensure effective role performance.
Authorise new business policies underwritten within the New Business Underwriting Team.

Key Result Areas:

Consistent and professional communication
Contract certainty and accurate policy documentation
Proactive support for new business acquisition
Positive representation of the company externally
Support for underwriting strategy development and execution
Timely reporting and recommendation of changes
Achievement of set monthly targets
Compliance with laws and regulations
Effective utilisation of available information and underwriting experience

Skills and Competencies:

Established underwriting experience and knowledge.
Excellent communication and negotiation skills.
Problem-solving ability and thinking outside the box.
Comfortable working under pressure in a fast-paced environment.
Strong interpersonal and relationship-building skills.
Good market and competitor knowledge.
Understanding of TCF principles and CIDRA.
Attention to detail.

Qualifications:

Minimum Cert CII.
A-Level standard qualifications.

Experience Required:

Minimum of 7 years' experience in Property Underwriting or
Minimum of 5 years' experience in non-standard property underwriting.

Technical Experience:

In-depth understanding of Residential Property Insurance.
In-depth understanding of Property Insurance Underwriting.
General understanding of Property Insurance Claims.
General understanding of FCA GI Regulation.

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