Property DA Underwriter/Relationship Manager
7 days ago
Delegated Authority Scheme Underwriter Location: London/Hybrid working
Reporting to: Head of Residential – Real Estate
You excel at taking initiative and fostering collaboration among internal and external stakeholders to drive mutual growth. The role offers hybrid working.
Broker Relationship Management:
Scheme Development and Analysis:
Regularly review scheme performance.
Identify growth opportunities and ways to enhance propositions and profitability.
Performance Improvement:
Investigate poorly performing accounts, analyse high loss ratios, and implement corrective measures in collaboration with senior underwriters.
Account Servicing:
Ensure timely servicing and debiting of accounts, supporting credit control with premium collections when necessary.
Support junior team members by offering guidance, supervision, and acting as a technical underwriting referral point.
Reporting and Audits:
Analyse and present management information for internal and external meetings.
Conduct coverholder audits, prepare reports, and ensure follow-up on recommendations.
Assist in reviewing and updating policy wordings, binding authority agreements, and other relevant business documentation. Ensure compliance with company and regulatory standards for coverholders.
Draft and implement run-off plans for terminated schemes and support underwriting management in updating business guides, rating structures, and other terms as required.
At least 3 years of experience managing delegated authority accounts, preferably with an insurer or MGA.
Proven expertise in relationship management, with strong communication and interpersonal skills.
Strong organizational and time-management skills, capable of meeting deadlines.
Comprehensive knowledge of the UK insurance market, underwriting practices, and regulatory requirements.
Proficient in analyzing data and generating reports.
Competence in MS Office, including Word, Excel, and PowerPoint.
Advanced Excel proficiency.
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