Dua Underwriter - Birmingham, United Kingdom - Marsh

Marsh

Verified Company

Birmingham, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

R_240643 Delegated Authority Underwriter

Financial Lines, Energy, Marine or Property

Marsh Portfolio Solutions (MPS) is a dynamic insurer client-centric practice within Marsh UK that places and manages a range of innovative portfolio placement solutions on behalf of Marsh Specialty and Retail Practices.

MPS comprises of a team of over 80 skilled professionals who provide a range of intermediary services to insurer clients including, working with delegated authority from insurers, binding capacity, calculating line size, management information and innovative placement structures.

What can you expect?

Engage with both internal broking and operations teams and participating Insurers, alongside the binding of Quota Share risks on behalf of the facility Insurers.
A fastmoving role that will take you in a different direction in comparison to a more "traditional" broking role in insurance providing experience across the entire Marsh UK business by providing Delegated Underwriting expertise and advice.
Be the class specialist on one of the following classes of business
:Financial Lines, Energy, Marine or Property to identify specific improvements, resolve any issues impacting usage of the facility directly with the relevant Marsh team and support in the training and understanding of the broader DUA team where required.

What you will be rewarded with?

Competitive Benefits Package including: 27 days annual leave, excellent pension contributions, private medical cover, life assurance, income protection, employee assistance program, plus a range of flexible benefits including the option to buy or sell up to 5 days holiday per year, cycle to work, dental insurance, health assessments plus many more.
Generous Family Leave including: 6 months paid maternity leave, 4 months paid paternity leave, 6 months paid adoption leave plus shared parental leave options. To help ease the transition when you return to work you will be able to work 8 weeks at 80% of your normal work pattern and receive 100% of your normal salary.

We will rely on you to:

Provide delegated underwriting support on one of the following specialised classes of business including
Financial Lines, Energy, Marine or Property

Act as the first point of contact for daytoday communications with brokers and designated clients (facility insurers), follows up on correspondence.
Inscope and bind risks using the authority under the DUA requiring good attention to detail, as well as underwriting knowledge and recognising the important of adhering to the parameters of the underwriting agreement.
Provide training on processes and the DUA for Marsh broker colleagues
Support colleagues by managing requests and gathering of information from carriers and colleagues, participating on projects, liaising between internal senior professionals

What you need to have:

DUA / Binding Authority experience
Ability to work under pressure, often to tight deadlines
Excellent communication and interpersonal skills
Highly organised and methodical in approach

What makes you stand out:

Ability to build relationships internally at all levels of senior management and peers within other departments is essential
Detail focused
Good MS Excel
Knowledge of PPL and/or Whitespace

About Marsh
Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment.

We aim to attract and retain the best people regardless of their sex/gender, marital or parental status, ethnic origin, nationality, age, background, disability, religion, sexual orientation, gender identity or any other characteristic protected by applicable law.

LI-PW #hybrid