Property Underwriter Nottingham, England
Job description
Property Insurance Underwriter
Location Office: Beeston, Nottingham – Working from Home
This is a permanent, full-time vacancy that will close at 23:59 BST. 28/03/2023
The Vacancy
Role Summary:
We have a great vacancy opening for a Commercial Insurance Underwriter to join our
Commercial Insurance Underwriting Team, reporting to the Underwriting Team Leader. The role is specifically responsible for enhancing the underwriting capability within the wholesale business to brokers, in line with FCA and Lloyd’s Minimum Standards.
Location:
Flexible – Most of the team continue to work from home, with some travel to Beeston office as required.
Initial induction period will be office based in Beeston, Nottingham.
Hybrid working can be accommodated.
What's in it for you?
Our business is fast paced, growing and constantly changing, which makes it all an exciting place to work.
Along with the great people you would be working with in this role, we are offering an excellent set of benefits which would include the following:
- Employer pension contribution of 3% (providing you, the Employee provides 5%).
- Good work life balance - flexibility to suit you.
- Competitive salary.
- Learning & Development opportunities including study support options.
- Flexible benefits include, but not limited to healthcare cash plans, cycle and electric vehicle schemes
- Group annual bonus scheme.
Information Classification: Company
Key Role Accountabilities:
- To achieve income and service standards objectives by supporting the technical management of accounts and by delivering an efficient case Underwriting service to brokers.
- Ensuring adherence to the Insurer’s technical underwriting requirements by undertaking effective QM and providing feedback ensuring that technical procedures and standards are always followed.
- Provide effective, economical and compliant Underwriting Services adhering to TCF.
- To assist the management in formulating strategy and assist with any business operational/technical area within the department as and when required.
Core Competencies:
- Experience of underwriting with strong product knowledge and a good understanding of risk.
- Ability to forge good relationships with suppliers and brokers.
Principal Responsibilities:
- Underwriting of technical new business, renewals, MTA’s by producing terms and converting/retaining acceptable business. This should always be geared to achieving the businesses annual target loss ratios.
- To comply with Binder, procedures and underwriting authority levels.
- To support the personal development of the underwriting staff by delivering technical guidance and undertaking referrals above the levels of the underwriter’s control.
- To undertake a technical QM audit to identify areas of training and development.
- To take responsibility for complaints ensuring that the company procedures are adhered, to reflect Company policy and ensure fair treatment of customers.
- To undertake training in line with agreed objectives and keep up-to-date with technical, legal and market developments via use of e-learning, internal training and reading market related material.
- The jobholder will, at various times, act for the insured and insurer.
- The jobholder will be responsible for adhering to all the companies procedures and policies in relation to the identification and management of potential conflicts of interest and for the fair treatment of customers and will ensure they follow the systems and controls operating to ensure that this is the case.
- Assisting in the development of effective communications with all other department, always promoting and adhering to TCF culture.
- To undertake any other task as may reasonably be required by the Company.
Information Classification: Company
The Company
C P Walker & Son is one of Nottingham’s longest established businesses.
Founded in 1896 by Charles Potter Walker, the business was principally set up to manage properties recently constructed by family members. The company diversified into insurance soon afterwards, originally collecting premiums from shopkeepers along Beeston High Road and from the traders at Nottingham’s Wholesale Fruit and Vegetable Market.
Our established insurance department can cater for a wide range of insurance requirements. We have been managing and advising many of our clients for over 50 years.
Our independent service is supported by one of the UK’s longest established networks for independent insurance brokers, Bravo Networks. Our membership with these gives us access to reputed, specialist brokers as well as exclusive products not available on the general market.
Property Protector was originally created to support C P Walker’s many property owning clients. Stemming from a business with over 125 years in property and driven by insurance experts who have strong relationships with insurers. Property has consistently grown and now insures nearly 5,000 policyholders through our bespoke scheme sold exclusively to brokers (not the general public), covering residential and commercial property. www.propertyprotector.co.uk
Information Classification: Company
Job Types: Full-time, Part-time, Permanent
Salary: £25,000.00-£35,000.00 per year
Benefits:
- Casual dress
- Company pension
- Private dental insurance
- Profit sharing
- Sick pay
- Work from home
Schedule:
- Day shift
- Monday to Friday
- No weekends
Supplemental pay types:
- Bonus scheme
Ability to commute/relocate:
- Nottingham, NG9 2JU: reliably commute or plan to relocate before starting work (required)
Experience:
- property insurance: 2 years (preferred)
- Underwriting: 2 years (preferred)
Work Location: Hybrid remote in Nottingham, NG9 2JU
