Risk Assessment Leader

4 days ago


Colchester, Essex, United Kingdom The Recruiter Ltd Full time

About the Role: We are seeking a highly skilled and experienced Senior Underwriter to join our team.

Key Responsibilities:

  • Renewals underwriter renewing approximately 75 renewals per month (Commercial Combined, Property Owners, Retail Package, General Liability, Contractors Liability)
  • Lead and manage a team of Underwriters and Assistant Underwriters, providing guidance, coaching, and support to ensure the team's professional growth and success
  • Maintain premium income per binder in line with projections and company strategy
  • Develop broker relationships to become a key referral point for brokers
  • Identify renewal threats and assist handlers on renewal strategy
  • Ensure compliance with best practice procedures (processes and timescales)
  • Review and update renewal template letters to brokers (invitations and document issuing)
  • Filter referrals to insurers
  • Act as a technical referral point for the renewals team
  • Set performance goals, conduct performance appraisals, and provide constructive feedback to enhance individual and team performance
  • Foster a collaborative and inclusive team culture, promoting effective communication, knowledge sharing, and teamwork
  • Oversee induction and peer review for new starters
  • Conduct one-to-one monthly peer reviews with each renewal handler
  • Develop and maintain relationships with your broker panel
  • Monthly reporting
  • You will be expected to perform to the highest standards and in accordance with the Conduct Rules as specified by the FCA

Requirements:

  • Commercial underwriting experience is essential, specifically in Property and Liability, ideally in all or some of the products mentioned above
  • Exceptional leadership and people management skills, with a demonstrated ability to motivate and develop high-performing teams
  • Previous experience in setting clear goals and objectives, monitoring progress, and providing regular feedback and coaching to ensure team members' growth
  • Excellent analytical and problem-solving skills, with the ability to evaluate complex risks and make informed decisions
  • Experience in dealing with Commercial brokers/ Insurers
  • Experience working in a small team in SME organisations
  • Experience in underwriting with delegated authority or underwriting licences
  • Proven track record of developing new and existing relationships with key brokers
  • Ability to deliver on financial targets
  • Ability to work in a team and on your own initiative
  • Experience in using software systems for underwriting and administration


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