- Act as the main contact for underwriting queries, acknowledging receipt, managing their allocation within the team, and providing accurate time estimates for their delivery.
- Underwriting risks within own personal level of underwriting authority and escalating to the Underwriting Manager or Partnerships team for outward approval where necessary.
- Support the Underwriting manager in enacting MTAs such as ad hoc pricing changes, inflation adjustments, additional equipment classes or policy endorsements and issuing/archiving the relevant documentation swiftly and accurately.
- Provide technical support to the Commercial function, assisting them in securing Acquis' financial objectives in a clear, timely and well organised manner.
- Actively use, contribute ideas to and provide feedback regarding Acquis' automated underwriting systems, employing a continuous improvement mindset to ensure that any development needs are clearly communicated to the Finance and Business Intelligence teams.
- Support the Underwriting Manager in delivering compulsory and targeted "skill gap" product training to the wider business and assimilate technical knowledge to act as a source of expertise on Acquis' insurance products.
- Handle the day-to-day administration of Acquis' Residual Value Insurance product.
- Work closely with all teams to contribute towards the execution of corporate objectives.
- Contribute to the delivering operational excellence through process documentation, optimisation, and automation within Partnerships and across the wider business.
- Previous underwriting experience, preferably within an MGA environment in UK or EU general insurance lines.
- Excellent verbal and written communication skills, with the capability to prioritise.
- Technical mindset with an analytical approach to problem-solving.
- Proficiency in data interrogation, analysis, and presentation.
- Ability to present and explain data-driven proposals clearly and effectively to stakeholders.
- Cognisance and understanding of the UK and European general insurance markets, regulations, and trends.
- Sound Office proficiency, particularly Microsoft Excel
- Ability to build rapport with internal and external stakeholders at all levels.
- Strong numerical reasoning skills and attention to detail are essential.
- Formal insurance qualification/s (e.g. CertCI) would be beneficial
- 25 days' Annual Leave (with the option to buy and sell more)
- Annual Bonus Scheme based on performance.
- Company Pension Scheme – 5% employee and employer contributions
- Private Medical Healthcare
- Group Life Insurance (4x basic annual salary)
- Employee Assistance Programme
- Cycle to Work Scheme
- Electric Vehicle Scheme
- Occupational Sick Pay
- Enhanced Maternity & Paternity Benefits
- Comprehensive Performance and Development Framework
- Social Events Committee
- 'Refer a friend' bonus scheme (£1,000 per referral)
- Long service awards.
Underwriter - Newport, United Kingdom - Acquis
Description
Acquis Insurance Management is a private equity backed insurance broker and administrator that specialises in providing insurance administration services for the finance and leasing industry across Europe. Acquis's main administration centre is based in Newport, South Wales but we also operate a European office in Amsterdam, Netherlands through the group's sister subsidiary company.
Working at Acquis provides an opportunity to join a dynamic and cooperative working environment which is focused on continuous improvement. We operate across Europe in 16 different countries; our richly diverse team originates from 17 different countries and, between them, our colleagues speak 18 different languages and we take every opportunity to celebrate our diverse backgrounds and cultures.
It is an extremely exciting time to join Acquis as we pursue our ambitious growth strategy following our acquisition by NSM in May 2023, and our current and future success is dependent on our most valuable resource, our people. It is important that we create an environment where all our employees feel included and valued.
Role Purpose
The Underwriting team is responsible for the governance and execution of Acquis' commercial and group underwriting activity, including pricing, forecasting, risk analysis, policy allocation and all "out-of-binder" proposals, and ensuring that the technical results of Acquis' insurance-backed products continue to perform within their designated target thresholds.
Acquis is looking for an Underwriter who can reinforce the technical capabilities of the Underwriting team and whose insurance sector expertise can contribute to realising Acquis ambitious growth strategy. The role requires a sound knowledge and awareness of the principles of insurance and risk management, experience of distilling precise proposals from abstract concepts, strong stakeholder management and communication skills and a detail-focused mindset to ensure that commercial opportunities are adequately qualified and evaluated in line with Acquis' underwriting policies and guidelines.
Key Responsibilities
Personal Requirements/Skills – Qualifications
Employee Benefits