D&o Underwriter

6 months ago

London, United Kingdom Starr Companies Full time

Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world._
- Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents._

Role Purpose:
To write profitable business in line with the underwriting plan, using professional judgement to achieve the target premium revenue, return on premium and business growth whilst operating in line with the Underwriting Manual and general compliance/regulatory and Company procedures. To manage underwriting risk exposures through aggregate limits and reinsurance, examine departmental practices and procedures with a view to delivering efficiencies and provide support to CUO including updating and regular maintenance of the underwriting manual.

Roles and Responsibilities:

- Fully understand the risk and seek further clarity as required.
- Underwrite profitable business in accordance with business plans.
- Adhere to all Starr underwriting standards as outlined in the Underwriting Manual.
- Obtain sign-off for all business that is in excess of agreed authority levels or where any factor falls below rating guidelines.
- Adhere to rating tools and guidelines. Ensure that underwriting documentation, both paper and electronic, is accurate, complete, up-to-date and meet Starr and Lloyd’s standards.
- Ensure that the policy wordings and clauses are slip referenced and agreed.
- Ensure that all accounts are contract certain at the time of binding.
- Develop broker relationships and optimise opportunities on renewals and new business.
- Explore client and company knowledge to identify and optimise cross-selling opportunities.
- Conduct Quality Assurance (QA) within Starr guidelines.
- Conduct Peer Reviews against Starr guidelines.
- Work with the credit control team on aged debt in line with Starr/Financial Lines procedures.
- Enter schedule data and quotations accurately into the system.
- Ensure that the Underwriting Notes are complete.
- Log all bound, quoted, working and declined risks into the business log immediately.
- Ensure that the file is complete and contains all relevant documents. Obtain any outstanding items from the broker or underwriter in readiness for Peer Review.
- Ensure that signings are accurate and are consistent with written confirmations.
- Liaise with brokers to follow up on outstanding renewals.
- Follow up on outstanding quotes with the relevant broker.
- Provide technical training to newly joining or less experienced members of the team.
- Delegate tasks for development purposes and provide appropriate support and supervision.
- Ensure necessary resources and skills to undertake all allocated tasks.
- Identify and communicate training or resource gaps to management.
- Promote team working and develop a strong team with a clear culture and identity.
- Ensure that all accounts are contract certain.
- Work with the Head of D&O and Senior Underwriters on D&O strategies and initiatives.

**Experience**:

- Good knowledge of D&O, PTL, EPL and Crime.
- Experience as a Assistant Underwriter or junior Underwriter within the class of business.
- Experience of Lloyd's and London Market processing procedures for premiums and claims.
- Knowledge of Pricing/Rating tools.

**Skills**:

- Analytical and problem solving skills.
- Negotiation, judgment and decision making skills.
- Strong numeracy skills.
- Professional business writing and presentation skills
- Strong communicator, both written and oral.
- Report writing.

Systems & I.T:

- Eclipse.
- Salesforce.
- MS Office - Excel, Access, Word and Outlook.

Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.

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