Development Underwriter
4 months ago
Northallerton, United Kingdom
iFarm Underwriting
Full time
Role Summary
To provide underwriting and development support. To lead with underwriting on our commercial and agricultural products. To provide a professional and comprehensive underwriting and administration service within the business, with a strong emphasis on underwriting, customer service and broker development.
Role Responsibilities:
Underwriting / Development
- Develop, negotiate and support the underwriting of new business/renewals within your authority and in line with the underwriting strategy.
- Achieve sustainable growth through the development of relationships with the company’s network of brokers.
- Support the Business Development Manager
- Plan, prioritise and manage individual own work to deliver objectives and meet agreed service levels to deliver exceptional customer service.
- Regular calls or visits to broker offices to develop the brokers' accounts / make iFarm the insurance provider of choice for brokers.
- Provide guidance and mentorship to junior underwriters and support staff.
- Keep abreast of market trends and competitor activity to inform strategic decisions.
- Help review current products and make sure they are market leading but also delivering underwriting profits.
- Roll out new products to the market and contribute to the development of the underwriting guide and rates.
- Liaise with brokers daily, answering incoming telephone calls and chasing brokers for any additional information required and service all back-office duties.
- Lead development meetings with Key Brokers and focus on growing broker accounts.
- Review online journey and make recommendations around efficiencies.
- Support with Policy Issuance
Compliance
- Maintain knowledge of internal controls and all procedures relating to underwriting.
- Ensure you uphold Imperium's principle of Treating Customers Fairly
- Undertake training relevant to the role.
Education and Qualifications
- CII is preferred but not essential.
Knowledge & Experience
- A minimum of 5 years of underwriting experience, with a proven track record of underwriting and developing relationships.
- Ability to manage own time, meet deadlines and prioritise work.
- Strong analytical and decision-making skills.
- Excellent communication and negotiation skills.
- Ability to build and maintain relationships with key stakeholders.
- Knowledge of agricultural or commercial insurance products and the regulatory environment.
Aptitude
- Outcome-focused, initiative-taking, enthusiastic
- Team worker with the ability to work on their initiative.
- Professional approach to relationships