Property Underwriter

**Role Overview**

An exciting opportunity has arisen for a property Underwriter to join ourteam of non-standard property specialists. We are looking for someone with at least one years experience in residential property underwriting.

Training in non-standardand distressed risk can be provided.

You will be required to work at a fast pace and bring judgement, flexibility and experience and add personality to our dynamic and expanding new business team.

**Who are We?**

magenta insurance is a Chartered Insurance Underwriting Agent with nearly 30 years experience in the market, long established relationships and excellent reputation. We underwrite predominantly non-standard and distressed residential property policies working to provide solutions that others find difficult to place.

We liaise with brokers andIFAs who approach us for cover on behalf of their clients. We have developedinnovative risk mitigation measures including an end to end offering for thesignificant problems associated with Escape of Water.

We are a stable and securecompany with an exciting growth plan offering a long, interesting and rewardingcareer with progression potential.

The role involves

Negotiating with brokers, studying various insurance proposals by gathering and assessing background information in order to effectively underwrite the risk involved in line with

company procedures and processes.

Dealing with new business enquiries within allocated authority level and in accordance with the companys underwriting guide to enable objectives and targets to be achieved.

Developing and maintaining strong relationships with key brokers and clients and other relevant stakeholders.

magenta are primarily a B2B chartered insurance underwriting agency specialising in writing residential non-standard or distressed risks; products include Home, MNW, Unoccupied, Renovation, Holiday Home and Let

You will need to be self
- motivated and driven to succeed. We are looking for a good communicator. Insurance knowledge and Underwriting experience are essential, but we will support you with training on our range of different Property Insurance policies, as well as the opportunity to study for professional qualifications through the CII.

The range of products and risks we cover creates an excellent opportunity to experience a wide range of non-standard and complex risks, and develop an in-depth underwriting experience.
**Key Result Areas**

Demonstrate consistent professional and constructive communication at all times to help support a positive and collaborative working environment

Ensure contract certainty is achieved on all accounts at time of inception

Ensure accurate policy documentation issued to the broker or customer

Proactively support acquisition of new business

Positively represent magenta and partners externally to the market

Working towards set targets each month including profitability, GWP, conversion, quotes per day, turnaround times, workflow management, phone service.

Following the underwriting and pricing knowledge and guidance from the Senior Mgt. Team to ensure that the company's underwriting performance commitments are met

Utilise available actuarial information, other statistics and underwriting experience when considering acceptance, terms and premiums.

Utilise available information and profiling of risks when considering acceptance, terms and premiums.

Make effective decisions when dealing with presented cases, being able to justify underwriting decisions, keeping detailed and accurate records of policies and decisions made

Provide excellent customer service to forge strong relationships with brokers.

To be the delegated Underwriter for agreed Brokers, offering a bespoke service where required.

Undertake any required training to ensure the role can continue to be effectively carried out.

**Skills and Competencies**

Underwriting experience and knowledge.

Excellent communication and negotiation skills both over the telephone and in writing

Problem Solving and an eye for detail.

Computer literate and thorough understanding of the Trading Platform

The understanding to think outside the box and make commercial underwriting decisions

Able to work under pressure and in a fast-paced environment

Strong interpersonal and relationship building skills

Good market and competitor knowledge.

Good understanding of TCF principles.

Good understanding of CIDRA

**Qualifications**

CIICertified would be advantageous - or working towards the certification
**Experience Required**

A minimum of 3 years experience in Property Underwriting or

A minimum of 1 years experience in non-standard property underwriting
**Technical Experience**

In depthunderstanding of Residential Property Insurance

In depthunderstanding of Property Insurance Underwriting

GeneralUnderstanding of Property Insurance Claims

GeneralUnderstanding of FCA GI Regulation