Da Scheme Underwriter - London, United Kingdom - China Taiping Insurance (UK) Co. Ltd

China Taiping Insurance (UK) Co. Ltd

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Delegated Authority Scheme Underwriter

Purpose of the role:

This role is responsible for managing our 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.

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 and across Underwriting and Operations to routinely review scheme performance, identify opportunities to grow, improve the proposition, improve profitability and find efficiencies.
Identifying poorly performing accounts and investigating reasons for high loss ratio. Discussing actions with Senior Underwriters and implementing actions to improve scheme performance.
Contribute in 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 assists 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, report and other management information of your accounts for internal and external meetings.
Attend binder renewal meetings, prepare renewal proposal and present to the Underwriting Committee.
Participate in annual coverholder audit, write up audit report and follow up with the completion of recommendations.
Helping to review and update various policy wordings, agency contracts, binding authority agreements, or other business documentation if required.
Provide ongoing feedback to Head of Business and Underwriting Manager on competitors, market condition and relevant information to help improve our product, pricing and services.
Assist Underwriting Management with reviewing and updating underwriting guide, rating structures, or other business terms and endorsements for the assigned accounts if required.
Work with Underwriting and Compliance and assist to implement company and regulatory requirements for coverholders.
Draft the runoff plan and ensure its implementation for terminated schemes
Implement other tasks assigned by the company.

Requirements:

Essential_
You'll have 5+ years experiences of 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
Be able to communicate effectively at all levels of engagement, both internally and externally
Strong negotiating skills and abilities to empathise and influence
Ability to work independently and as part of a team while meeting set goals
Good time management and organisation skills to meet deadlines
Knowledge of the UK insurance market, and relevant regulatory practices and legislations in the industry
Knowledge and experience of underwriting insurance risks of commercial and/or personal lines
Ability to analyse data and write reports
MS Office skills such as Word, Excel and PPT, etc.
Preferred_
Education to degree level. CII qualification or equivalent preferable
Advanced Excel skills
Presentation skills