Insurance Risk Underwriter

7 hours ago

London, Greater London, United Kingdom Citynet Underwriting Services Full time

Citynet Underwriting Services is a leading Lloyd's broker that specializes in placing commercial business into the London market.

We are seeking an experienced underwriter to join our team in our office based in London. The successful candidate will be responsible for achieving retention targets across a range of insurance products and motivating others to do the same.

The role involves preparing and providing new business, renewal, MTA, and quotations to broker partners based on personal authority limitations. You will also instigate regular dialogue with broker partners on allocated renewals to secure renewal instruction and achieve individual and collective targets.

  • To prepare and provide renewal and MTA quotations to broker partners based on personal authority limitations.
  • Provide accurate and compliant new business, renewals, and mid-term adjustments in line with pricing levels, risk selection criteria, and ensure income and conversion objectives are achieved.
  • To oversee all administrative duties required in connection to the above which includes but is not limited to, processing & administering policy documentation, initiating & monitoring surveys, mid-term adjustments, renewal review & negotiation & claims monitoring.
  • Build excellent working relationships with delegated authorities and supporting brokers.
  • Maintain accurate and detailed records of all customer contact and ensure the delivery of high-quality service, appropriate to needs of broker or insurer needs.
Requirements:
  • Minimum 2 years experience working in an underwriting role.
  • Proven understanding of commercial business underwriting.
  • Good technical knowledge of commercial business, including commercial combined and property classes.
  • Proven understanding of underwriting guidelines for all transactions (new business, renewals, endorsements, cancellations, etc.) and ability to demonstrate a working knowledge of the Irish market.

Salary: £50,000 - £70,000 per annum, depending on experience.

Benefits: Competitive holiday allowance, death in service benefit, company pension scheme, enhanced maternity and paternity leave packages, flexible benefits package, discounted rates on PIB products, first-class employee benefits and welfare package, volunteering day, kids pass, discounts at hairdressers and beauticians, climate change projects, comprehensive learning & development framework, and being part of our PIB Community Trust.

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