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- Ref: CS425
- Location: Home working
- Type: Permanent / Full-time
- Salary: Competitive salary Apply for this Job
Our well established client is looking for an Underwriting Manager for their Quote Generation Unit responsible for Low Value Schemes to join them. You will be managing two teams, responsible for lower value scheme underwriting and registrations. Working 9am - 5pm Monday to Friday, you will enjoy a host of employee benefits including a competitive salary, the ideal candidate will be based in Head Office on the Wirral, however the client is prepared to consider home working with regular travel to head office.
Reporting to the Underwriting Director, responsibility for managing the low value scheme underwriting, registrations and extranet teams, ensuring the areas run effectively and operate strictly within FCA Regulations and delegated authority.
Overview of Responsibilities
Manage the day-to-day operation of the LVS QGU team, meeting agreed KPIs for all areas and providing on the job training and development to the team
Work with Insurers to develop new business initiatives, complete non-standard risk referrals and provide management information as required.
To develop and maintain a sound understanding of market developments, maintaining and disseminating competitor analysis as required.
Develop the relationship with key stakeholders including Sales, Technical teams etc.
Develop Processes, policy documentation and systems for new schemes in readiness for market launch.
Work in conjunction with LVS Underwriters and Senior Management where appropriate to –
o Assess and gather background information on individual risks
o Review and Interrogate proposal forms and calculate possible risk
o Within underwriting guidelines and parameters, calculate individual’s / organisation’s insurance premium
o Review and decide clients' suitability for insurance cover
o Check insured’s previous claim history, if any, and comment accordingly
o Liaise with surveyors regarding risk assessment
o Gather information and / or reports from surveyors
o Negotiate policyholders' contract terms
o Prepare policy documentation
o Specify any conditions to be imposed, as appropriate
o Liaise and negotiate with brokers and introducing intermediaries
o Attend and facilitate, where appropriate, Underwriting meetings
o Correlate data for Underwriting Director and CEO when required
o For T&C purposes, supervise junior members of LVS QGU to ensure full compliance with FCA regulations in force
o Ensure individual insurance schemes are run in an efficient and opportune manner, requiring the accurate input of information onto databases
o Ensure a high standard of service is offered to all clients, at all times
o Monitor Staff activities and take remedial action where necessary
o To understand and comply with the companies Quality Management Systems and Procedures
o To annually review own job description
o Ensure all schemes are running smoothly including cover for holidays/ sickness.
Requirement to manage run off schemes for business with insurers no longer participating in the schemes.
Undertake any other duties as reasonably required
Experience / Skills
Management experience in a similar environment
Sound understanding of Underwriting Principles
In depth knowledge of FCA Regulations relating to the role
Proven experience of managing a team, setting KPIs and achieving targets
Demonstrable ability to use own initiative.
Ability to motivate self and influence others
Proven Experience of Relationship Management.
Strong Communications skills.
Flexible in personal approach.
Evidence of Problem Solving outcomes gained through experience
CII DIP Qualification (commitment to work towards this will be considered)
Excellent planning and organisation skill
If you feel you have the skills and experience for this role and are interested, please forward a copy of your CV to email@example.com.
If you haven't heard from us within 1 week, please assume your application has been unsuccessful.
Job: 'Underwriting Manager' // Job URL: 'http://www.jfrecruit.co.uk/view-jobs/high-value-scheme-manager' // Job Ref: 'CS425'