Delegated Authority Scheme Underwriter/Executive

Job title: Delegated Authority Scheme Underwriter Location: City of London Salary: Up to £65,000 Reporting to: Head of Scheme Business Purpose of the role: This role is responsible for managing clients’ delegated authority schemes to maximise their potential. You thrive when taking the initiative, bringing both internal and external stakeholders together with a partnership-based approach to create mutual success. 2-3 days office based and the remainder working from home. Key responsibilities: Proactively develop strong relationships with a designated panel of brokers, taking full ownership for the generation of profitable business. Collaborate with partner brokers across Underwriting and Operations, to routinely review scheme performance, identify opportunities to grow, improve the proposition, improve profitability and find efficiencies. Identify poorly performing accounts and investigate reasons for high loss ratio. Discuss actions with Senior Underwriters and implement actions to improve scheme performance. Contribute to the planning and setting of department key tasks, including the budget and KPIs, to achieve the strategic development plan. Ensure accurate and timely servicing and debiting of accounts and assist credit control with premium collection as required. Contribute to the development of junior members in the team by supervising and acting as a technical underwriting referral point. Perform regular analysis and report management information of your accounts for internal and external meetings. Attend binder renewal meetings, prepare renewal proposals and present to the Underwriting Committee. Participate in annual coverholder audits, write up audit reports and follow up with the completion of recommendations. Review and update various policy wordings, agency contracts, binding authority agreements, or other business documentation as required. Provide ongoing feedback to Head of Business and Underwriting Manager on competitors, market conditions and relevant information to help improve our clients’ product, pricing and services. Assist Underwriting Management with reviewing and updating underwriting guides, rating structures, or other business terms and endorsements for the assigned accounts as required. Work with both Underwriting and Compliance to assist in implementing company and regulatory requirements for coverholders. Draft the run-off plan and ensure its implementation for terminated schemes. Implement other tasks assigned by the company. Requirements: 3+ years of experience in delegated authority account management, ideally from an insurance carrier or a mainstream MGA. Outstanding communication and interpersonal skills combined with a proven track record of relationship management. Ability to communicate effectively at all levels of engagement, both internally and externally. Strong negotiating skills and the ability to empathise and influence. Ability to work both independently and as part of a team while meeting set goals. Good time management and organisational skills to meet deadlines. Knowledge of the UK insurance market, and relevant regulatory practices and legislation in the industry. Knowledge and experience of underwriting insurance risks of commercial and/or personal lines. Ability to analyse data and write reports. Proficiency in MS Office applications such as Word, Excel and PowerPoint. Preferred: Education to degree level. CII qualification or equivalent preferable. Advanced Excel skills. If you have the relevant experience or know someone who does, please contact us now on 0203 727 2314 or email us at glenn@lawesgroup.co.uk.

#J-18808-Ljbffr