Commercial Underwriter
6 months ago
**Job Title**:Commercial Underwriter**
**Reporting to**: Commercial Underwriting Manager**
**Location**:Rearsby**, Leicester**
**Position Type**: Permanent, 35 hours per week**
**Hybrid: (3 days in the office, 2 days working from home**)**
**Over**view**:
**Why **Tokio Marine HCC?**
Standing still is not an option in the current world of Insurance. TMHCC are one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.
**Job Purpose**:
Underwriting trade credit insurance policies for all industry sectors including construction.
**Key Responsibilities**:
- Manage a portfolio of credit insurance policies
- Attend inception meetings, explaining policy operations to client and Broker
- Prepare renewal terms including presenting proposed terms to management for approval.
- Discussing terms with Brokers and presenting and negotiating terms with clients to secure renewals to set targets. Attending renewal meetings and entertaining clients and Brokers as required
- Discussing terms with Brokers; presenting and negotiating terms with brokers to secure policy recommendations
- Assessing, pricing and structuring new business opportunities; using varied assessment tools, including claims ratio calculations, excess calculations, and a pricing model.
- Working and meeting with Brokers regularly to proactively develop opportunities outside of renewal submissions, both existing insured and uninsured opportunities
- Resolving day to day policy and credit limit issues
- Midterm meetings to develop relationships and ensure smooth operation of the policy
- Working within allocated authority levels, based on skills and experience, and referring upwards beyond these levels to secure agreement within the company’s authorisations
- Liaison with and training of internal team of technical and administrative support staff (UK based) who will provide support for the policy
- Maintaining accurate records of meetings and correspondence including action points and ensuring all actions are promptly followed up
- Assisting the Senior Commercial Underwriters, Underwriting Managers & Underwriting Directors as required
- Liaison with Risk Underwriting, Sales, Customer Relations & Claims Departments
- Assisting with departmental specification for IT developments including assisting with testing and training of departmental staff
- Undertaking occasional varied Marketing activities to highlight the Credit brand, demonstrating core strengths
**Performance Objectives**:
- Underwriting a portfolio of existing Trade Credit business within a defined region or across defined portfolio sizes.
- Building and maintaining relationships with specialist & general brokers along with clients. Working proactively to identify opportunities & maintaining a portfolio of policies in the defined area.
- Assessing, pricing & structuring your portfolio of business, within Underwriting authorities.
- Assisting in the overall portfolio profitability targets by underwriting profitable and renewable business
**Skills and Experience Specification**:
**Essential**:
- Educated to A Level standard or equivalent
- Minimum 3 years experience as a Commercial Underwriter /Assistant Commercial Underwriter with a consistent record of achieving renewal and premium targets, working successfully with the broking market
- Full driving licence (max 6 points)
- Good IT skills including data input, Microsoft Word, Excel, Outlook, Teams
- Presentation and Negotiation skills
- Excellent customer service and telephone skills
- Excellent organization skills
- Able to work on own initiative and have high levels of self-motivation
- Good standard of written English
- Good level of numeracy
**Desirable**:
- Educated to degree level or equivalent by experience
- CII or ICM qualifications
- Experience of managing a portfolio of credit insurance customers
- Strong logic /mathematical skills
- Construction sector knowledge
- Other specialist sector knowledge
- Export knowledge
**Company **Benefits**
- Free parking
- 25 days holiday allowance
- Annual discretionary bonus
- Private medical Insurance
- Private Dental Insurance
- 10% non-contributory pension scheme
- Wellbeing allowance - £50 p/m
**What We Offer**
LI-BU1
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