Delegated Authority Scheme Underwriter/Executive

Job title: Delegated Authority Scheme Underwriter     

Location: City of London

Salary: Up to £65,000

Reporting to: Head of Scheme Business

Purpose of the role:

This role is responsible for managing clients’ delegated authority schemes to maximise their potential. You thrive when taking the initiative, bringing both internal and external stakeholders together with a partnership-based approach to create mutual success. 2-3 days office based and the remainder working from home.

Key responsibilities:

• Proactively develop strong relationships with a designated panel of brokers, taking full ownership for the generation of profitable business.
• Collaborate with partner brokers across Underwriting and Operations, to; routinely review scheme performance, identify opportunities to grow, improve the proposition, improve profitability and find efficiencies.
• Identifying poorly performing accounts and investigating reasons for high loss ratio. Discussing actions with Senior Underwriters and implementing actions to improve scheme performance.
• Contribute in the planning and setting of department key tasks, including the budget and KPIs, to achieve the strategic development plan.
• Ensure accurate and timely servicing and debiting of accounts and assist credit control with premium collection as required.
• Contribute to the development of junior members in the team by supervising and acting as a technical underwriting referral point.
• Perform regular analysis, reporting management information of your accounts for internal and external meetings.
• Attend binder renewal meetings, prepare renewal proposal and present to the Underwriting Committee.
• Participate in annual coverholder audit, write up audit report and follow up with the completion of recommendations.
• Helping to review and update various policy wordings, agency contracts, binding authority agreements, or other business documentation if required.
• Provide ongoing feedback to Head of Business and Underwriting Manager on competitors, market condition and relevant information to help improve our clients’ product, pricing and services.
• Assist Underwriting Management with reviewing and updating underwriting guide, rating structures, or other business terms and endorsements for the assigned accounts if required.
• Working with both Underwriting and Compliance, you will assist in implementing company and regulatory requirements for coverholders.
• Draft the run-off plan and ensure its implementation for terminated schemes.
• Implement other tasks assigned by the company.

Requirements:

Essential

• You’ll have 3+ years experiences of delegated authority account management, ideally from an insurance carrier or a mainstream MGA.
• Outstanding communication and interpersonal skills combined with a proven track record of relationship management.
• Be able to communicate effectively at all levels of engagement, both internally and externally.
• Strong negotiating skills and abilities to empathise and influence.
• Ability to work both independently and as part of a team, while meeting set goals.
• Good time management and organisation skills to meet deadlines.
• Knowledge of the UK insurance market, and relevant regulatory practices and legislations in the industry.
• Knowledge and experience of underwriting insurance risks of commercial and/or personal lines.
• Ability to analyse data and write reports.
• MS Office skills such as Word, Excel and PPT, etc.

Preferred

• Education to degree level. CII qualification or equivalent preferable.
• Advanced Excel skills.
• Presentation skills.

If you have the relevant experience or know someone that does please contact us now on 0203 727 2314 or email us at glenn@lawesgroup.co.uk
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To view all Current Vacancies or for more information on our Refer a Friend scheme contact one of our consultants or visit our website www.lawesgroup.co.uk

Please Note: Due to the sheer volume of applications we receive we will only contact successful applications. Therefore if you have not heard from us within 10 working days, please deem your application as unsuccessful.