Technical Underwriting Specialist
4 weeks ago
We are seeking a skilled Technical Underwriting Specialist to join our team at Benefact Group plc. As a key member of our underwriting team, you will play a crucial role in delivering our business plan and achieving target underwriting quality and standards.
Key Responsibilities- Develop and maintain underwriting guides and procedures to support the delivery of our underwriting strategy.
- Act as a specialist referral point and coach, providing guidance on procedures, policy wordings, reinsurance, underwriting guides, and audit recommendations.
- Draft and review policy wordings, summaries of cover, application forms, and clauses to ensure compliance with legal, reinsurance, and regulatory parameters.
- Develop and review products as required by the business, including wordings, product development, and governance.
- Review and develop free-format clauses drafted within the business.
- Research and escalate issues connected with policy wording development.
- Work in partnership with the underwriting team to enable the underwriting of quality business within appetite and individual UW licence.
- Develop training materials and provide training to improve underwriting knowledge and processes within the teams.
- Understand and operate within regulatory frameworks, including ELTO, product oversight and governance, audit, and DA management, and identify and escalate any risks to the business.
- Conduct audits and act as a quality and development representative for UW and reinsurance matters, liaising with all areas of the business and escalating risks as required.
- Proven track record and detailed knowledge of general insurance principles through reinsurance, underwriting, or claims experience.
- Proven analysis skills and ability to submit balanced and well-considered recommendations.
- Cert CII preferred.
- A competitive salary.
- Flexible working.
- Competitive Group Personal Pension - up to 12% employer contribution.
- Annual Bonus scheme up to 24%.
- 25 days annual leave plus bank holidays.
- A holiday buy and sell scheme.
- An array of health and wellbeing benefits, including private healthcare, income protection, and life assurance.
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