Trading Underwriter - Cheltenham, United Kingdom - The Ardonagh Group

The Ardonagh Group

Verified Company

Cheltenham, United Kingdom

4 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Trading Underwriter:

Cheltenham
ARDAR802245**
Role Overview:Reporting to the Commercial Trading Manager, you will be a key part of the Commercial Trading Team, based in Cheltenham. As part of the team, you'll make underwriting and commercial decisions on the acceptance and rating of risks within detailed guidelines and agreed authority limits within our Caravan Park/Site Operators products. Working towards team income targets, you will influence both sales and retention through a positive trading approach.

Day to day, you'll be required to underwrite and process new business and renewal cases, contributing to the achievement and delivery of the business objectives through our commercial product suite.

You will handle calls with direct customers and brokers alike, develop a working relationship with the insurer through regular referrals and maintain service levels agreements when issuing documentation.

Key responsibilities:

Handle new business, renewals, and midterm adjustments within your authority, issuing relevant supporting documentation
Contribute to attainment of team income objectives for both New Business and Retention through a successful trading philosophy
Support the Senior Trading Underwriter with the continuous improvement of knowledge within the team, sharing best practice and reviewing any developments within the market
Refer internally and externally where underwriting authority dictates, and handle internal referrals
Comply with binder, internal process and procedures including adherence to compliance
Build professional and longstanding relationships with brokers and direct customers alike
Build and retain the confidence of the insurer by developing a strong relationship and profitable risk portfolio
Undertake training in line with agreed objectives and keep up to date with technical, legal and market requirements maximising all learning tools available, including ongoing desk side coaching
Contribute to the quality assurance scorecard of Insurers, through attainment of own quality and technical audits and reviews
Ensure that all service standards are achieved, by accurately processing and recording information onto IT Platforms
Maintain and develop own personal knowledge and skills through continued professional learning
Handle telephone calls maintaining service levels agreements as defined by the business
The jobholder will at times act for both the Insured and the Insurer, the jobholder will be responsible for adhering to all the Group's procedures and policies in relation to the identification and management of potential conflicts of interest and for the fair treatment of customers, following the systems and controls.
Maintain an effective working relationship with all colleagues, peers and management
To undertake any other tasks as may reasonably be required by the Company.

Skills and Experience:

Essential

Responsibility for owning underwriting caseload within a regulatory environment, following due process and within set authority limits
Negotiation ability to deal with partners, insurers, brokers and internal colleagues
Knowledge of insurance market and insurance products
Previous experience working in the commercial insurance sector
Fully understand general insurance regulation and business ethics
Class of Risk and Product Knowledge
The ability to construct a strong report/rationale and be able to communicate this effectively
Ability to analyse complex information and draw out the relevant facts
Knowledge of insurance market and insurance products
Understanding pricing, loss ratios, margins and profitability
Proactive, innovative and able to take the initiative
Ability to articulate technical issues and influence key contacts in the marketplace
Strong numeracy & literacy skills

Desirable

Previous experience in a Trading Underwriter role, or similar
Previously worked on schemes under delegated binding authority
Proficient in the use of Open GI
Comfortable with delivering coaching to junior colleagues

The Company

With 80 local offices, over 2000 team members and over 100,000 clients, Towergate Insurance Brokers has the largest footprint and biggest salesforce in the UK.

We're community brokers and risk experts backed by the scale and spirit of the UK's largest independent broker.

We've got big ambitions for the future - join us for the journey and make your mark on the local community.

#TIB

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