Delegated Authority Scheme Underwriter
4 weeks ago
Finitas is seeking a skilled Delegated Authority Scheme Underwriter to join our team. As a key member of our underwriting team, you will be responsible for managing a designated panel of brokers and collaborating with internal and external stakeholders to drive the profitable growth of delegated authority schemes.
Key Responsibilities:
- Build and maintain strong relationships with brokers, taking full ownership of generating profitable business.
- Collaborate across Underwriting and Operations to review scheme performance, identify growth opportunities, and enhance profitability.
- Analyse underperforming accounts, working with Senior Underwriters to implement improvement actions.
- Participate in the planning and setting of departmental KPIs and budgets, ensuring alignment with strategic goals.
- Ensure timely and accurate account servicing, assist with premium collection, and support credit control processes.
- Support junior team members by acting as a technical referral point and contributing to their development.
- Perform regular analysis of accounts and prepare reports for internal and external meetings.
- Attend binder renewal meetings, preparing and presenting renewal proposals to the Underwriting Committee.
- Assist in annual cover holder audits, write audit reports, and follow up on audit recommendations.
- Provide insights on competitors, market conditions, and product improvements to senior management.
- Assist in reviewing and updating underwriting guides, rating structures, and business documentation as required.
About You:
- 5+ years of experience managing delegated authority accounts, ideally from an insurance carrier or MGA.
- Proven relationship management skills with excellent communication and negotiation abilities.
- Strong organisational and time management skills to meet deadlines.
- Knowledge of the UK insurance market, including regulatory requirements and underwriting practices.
- Analytical skills with the ability to write reports and proficiency in MS Office, particularly Excel and Word.
- Ability to work independently and as part of a team to meet business objectives.
Why Finitas?
Finitas offers a dynamic and supportive environment where you can take ownership of delegated authority schemes and drive business growth. If you are a motivated and experienced professional looking for a new challenge, we would love to hear from you.
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