Latent Defect Underwriter - South Shields, United Kingdom - I-C-W Group

Description

• Supported by Technical Underwriting, underwrite latent defects risks from individual residential properties up to large, mixed use properties up to a reinstatement value of £10,000,000 any one continuous structure.
• Process new quotation enquiries and midterm adjustments.
• Liaise with the Broker, Direct and Technical Inspection Surveyors in all aspects of the underwriting of risks.
• Highlight any special considerations i.e where the risk is, additional cost for surveys etc.
• Underwriting risks up to Binding Authority limit of £10,000,000, compiling the risk details, and capturing the key information within documented Underwriting Rationale.
• Review and examine proposal forms, identifying possible risk.
• Ensure a high standard of service is offered to all internal and external customers.
• Interact with Account Executives to create a thorough understanding of the business proposed.
• Facilitate ongoing training and understanding of the Account Handlers
• Assist Underwriting Manager in all aspects of the daily operation and performance of the department.
• Check that all the required information is obtained and uploaded onto an advanced inhouse IT system.

• A sound understanding of Underwriting Principals and general insurance market
• Knowledge of FCA Regulation
• Proven experience and knowledge of underwriting, customer service and risk analysis skills

• Latent defect underwriting experience or knowledge of the construction industry
• A good level of numerical and verbal reasoning skills
• Have a strong decision making ability
• Excellent organisational and prioritisation skills
• Ability to effectively negotiate with internal customers
• Ability to analyse data and use for decision making
• Understanding of complaints procedure within the insurance industry
• Have a positive and enthusiastic attitude
• Be resilient and have the ability to work under pressure

• Company pension
• Life insurance
• Private medical insurance
• Referral programme
• Work from home

• Monday to Friday

• Bonus scheme

• Underwriting: 3 years (required)