Assistant Underwriter

Location
Stafford, Staffordshire
Salary
Competitive Salary & Excellent Benefits
Posted
03 Oct 2017
Closes
02 Nov 2017
Ref
213809
Contract Type
Full time, Permanent

Role Purpose (Summary)

To underwrite new and existing e-traded package business in accordance with QBE business plans and objectives

General Description

  • Be aware of the annual business plan for the portfolio and its context to be able to make decisions appropriately:
  • Meet business objectives, including:

- Negotiating rates, terms and conditions for existing and new business

 - Managing production and issue of contract certainty documentation

 - Ensuring compliance with internal and external regulations and guidelines

 - Ensuring contribution to the business plan and objectives

  • Contribute, as required, to the planning process through research and project work
  • Comply with all legal and regulatory requirements to ensure obligations are met
  • Adhere to underwriting standards, instructions and good practice to minimise risk and maximise efficiency
  • Contribute to recording and measurement of insurance risks to ensure accuracy and good practise
  • Develop and maintain strong relationships with stakeholders including customers, brokers, business partners and colleagues, to maximise influence and achieve business objectives.
  • Develop a knowledge of market dynamics and market cycles to be able to operate effectively and appropriately
  • Participate in the review and analysis of  the portfolio to identify progress toward business objectives
  • Contribute to the aggregate management and peer review processes to encourage and develop excellence

Essential Requirements

 

  • ACII qualified or working towards ACII preferred 
  • Strong experience gained within the insurance industry
  • Underwriting experience required and reinsurance knowledge
  • Intermediate level understanding of relevant software, including Excel and other departmental software packages
  • Good knowledge of legal and regulatory requirements (specific reference to FSA / Lloyds regulation)
  • A high level of numeracy and literacy
  • Strong organisational and prioritisation skills
  • Strong analytical skills
  • Strong interpersonal and communication skills
  • Strong negotiating skills
  • Ability to analyse data and use for decision-making
  • Use of risk profiling and pricing tools and loss models

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