Commercial Underwriting Director
2 weeks ago
Company Overview:
Bunn Abbott Consulting Limited is an established and award-winning MGA. As a key player in the insurance industry, we offer exciting opportunities for growth and development.
Job Description:
We are seeking an experienced Commercial Underwriting Manager to join our dynamic team. This role offers the opportunity to work in a fast-paced environment, collaborating with senior management and underwriters to develop and implement effective underwriting strategies.
Key Responsibilities:
- Develop and maintain relationships with Capacity Providers and Third-Party Claims Suppliers.
- Manage and maintain the sign-off of quotes, referrals into Capacity Providers, and claims indemnity queries.
- Ensure FCA compliance by identifying and implementing changes, facilitating External Audits, Binder Breaches, Licence breaches, and Risk Register updates.
- Collaborate with Data teams and actuaries to deliver monthly ULR analysis and reports.
- Conduct internal audits of the Underwriting team, providing training and development support.
Requirements:
- Previous underwriting experience on Core market products (UK commercial, trades, etc.)
- Strong trading and negotiation skills
- Awareness and understanding of Compliance rules
- Familiarity with FCA Rules and their implementation
- Sound knowledge of policy documentation and wordings
- Application of underwriting skill and judgment
- Working knowledge of market wordings and products
- Understanding of the law as it relates to insurance
- Good understanding of the broker environment and broker relationships
Benefits:
- $80,000 - $110,000 per annum, depending on experience
- Opportunities for professional growth and development
- Diverse and inclusive work environment
- Flexible working arrangements
Location: South England, up to the Midlands
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