Insurance Team Lead
1 month ago
We are seeking an experienced Insurance Team Lead to join our team at The Recruiter Ltd.
About the role
Job SummaryThe successful candidate will be responsible for managing a team of underwriters and assistant underwriters, overseeing the renewal underwriting process, and evaluating risk.
You will have expertise in analysing policy renewals, maintaining broker relationships, and developing new business opportunities.
Your strong leadership and people management skills will be crucial in guiding and developing a high-performing team.
The role will include a product suite consisting of commercial combined, property owners, retail package, primary liability, excess liability, contract works, and contractors' plant and equipment.
Responsibilities
- Covering business and policies within Commercial Combined, Property Owners, Retail Package, General Liability, Contractors Liability.
- Maintaining premium income per binder in line with projections and company strategy.
- Developing broker relationships to become a key referral point for brokers.
- Identifying renewal threats and assisting handlers on renewal strategy.
- Ensuring compliance with best practice procedures (processes and timescales).
- Reviewing and updating renewal template letters to brokers (invitations and document issuing).
- Filtering referrals to insurers.
- A technical referral point for the renewals team.
To be successful in this role, you will need:
- Commercial underwriting experience is essential, specifically Property and Liability, ideally in all or some of the products mentioned above.
- 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 work in a team and on own initiative.
- Experience in using software systems for underwriting and administration.
We offer a competitive salary of £60,000 - £80,000 per annum, depending on experience, as well as a range of benefits including health insurance, pension scheme, and annual leave.
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