Commercial Underwriter
Salary: £25,000 - £30,000
Location: Gloucester
To develop profitable commercial business through technical assessment of individual risk and the negotiation and processing of suitable terms for new business, change in risk, claims and renewals. This will involve working within a team to achieve the balance of account growth by meeting new business, renewal and account quality objectives.
Responsibilities:
To assist in the profitability of the Company?s commercial presence through a process of developing new sources of business, extending trading relationships, developing new products and underwriting selectively. As an underwriter you must operate at the sharp end of a continuous atmosphere of competition to deliver Company objectives. This requires you to handle the technical assessment and underwriting of risk and the techniques of successful negotiation and relationship building.
Provide new business quotations and process all new business obtained
Assess renewals to ensure their continued acceptability
Underwrite and process mid term adjustments
Consider and act on the underwriting implications of claims to minimise future re-occurrence
Respond to queries raised on cover by brokers, surveyors and claims department
Skills:
Need to be skilful communicators, negotiators and relationship builders.
Must have the ability to assess technical risk and make decisions within their authority on all aspects of the products which they handle.
Understanding of the following risks: Property, Business Interruption, Liability along with handling of some Miscellaneous Classes
You need to have good keyboard skills, be PC literate and understand fully the IT processing systems
Knowledge must extend beyond the cover provided within the products which they handle so that you can discuss technical issues outside the normal scope
Must have good organisation, motivation and training skills
