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Lawes Consulting Group
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Carnforth, Lancashire
Commercial SME Underwriter
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Job Type: Full-time |
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Salary: £28,000 per annum |
Overview
Job Title: Commercial SME Underwriter Location: Bolton Package: GBP28,000 - GBP31,000 bonus, package Industry: Commercial Insurance Underwriting Job Type: Permanent The Role: Deliver the branch financial results with accountability for broker & account level profitability and income targets, and increase technical and trading capability of the Underwriting team. Key Accountabilities: · Delivery of planned underwriting result for designated accounts through proactive account review, analysis of underwriting trends and improvement plans implemented to improve profitability. · Underwrite SME customers across all product lines profitably, accurately, consistently and in line with established underwriting practices and governance framework, using the full range of appetite and tools available. · Manage underwriting relationship with key brokers from designated accounts to maximise financial results and to generate pipeline new business opportunities with increased focus on double red brokers. · Coach, train and develop Underwriters to continually improve their technical and trading capability. · Be the referral point for Underwriters, coaching Underwriters to make decisions within their empowerment and providing technical and trading input to improve the quality of underwriting decisions. · Actively manage and review underwriting standards and licences within the team ensuring effective management and deployment of empowerment. · Support Trading Team Manager to effectively manage the service provided to brokers and input to the performance management of Underwriters. · Demonstrate contribution to loss ratio control by effectively implementing branch UW controls. · Identify poorly performing accounts and investigate reasons for lack of retention · Implement actions to increase retention. · Account financial results including GWP, profit, loss ratio, retention, commission, rate increases, NRI, credit control. · Evidence of accounts being actively managed monitored and actions to improve profitability owned and implemented. · Quality of underwriting decisions - assessed by profitability of account (individual and team performance), Evaluate and audits. · Proactively implementing training and coaching plans to increase technical & trading capability in place and progress evidenced. · Evidence of consistently operating within branch empowerment. · Evidence of active engagement with Trading Centre. Measures: · Account financial results including GWP, profit, loss ratio, retention, commission, rate increases, NRI, credit control. · Evidence of accounts being actively managed monitored and actions to improve profitability owned and implemented. · Quality of underwriting decisions - assessed by profitability of account (individual and team performance), Evaluate and audits. · Proactively implementing training and coaching plans to increase technical & trading capability in place and progress evidenced. · Evidence of consistently operating within branch empowerment. · Feedback from internal and external customers and line management. · IIC, Brokerbility et al results and broker feedback. Skills & Experience · Progress towards Dip CII qualification desirable or equivalent experience. · Excellent interpersonal skills. · Excellent coaching and development skills. · Strong trading capability - commercial awareness, negotiation skills, ability to build strong broker relationships. · Pragmatic decision maker with good analytical and numerical reasoning skills. · Strong level of technical underwriting expertise in a commercial insurance environment. · Sound understanding of insurance market and processes across commercial lines insurance operations. · Sound knowledge of legislative and regulatory requirements for insurance (including treating customers fairly). · Excellent written and verbal communication skills. · Proven experience in decision making on a wide range of technical underwriting scenarios within a Commercial environment. · Excellent risk assessment and risk management skills. If you have the relevant experience or know someone that does please contact us now on or email us at To view all Current Vacancies or for more information on our Refer a Friend scheme, contact one of our consultants or visit our website www.lawesgroup.co.uk >. Please Note: Due to the sheer volume of applications we receive, we will only contact successful applications. Therefore if you have not heard from us within 10 working days please deem your application as unsuccessful.