Trainee Underwriting Academy- Psc - York, United Kingdom - Hiscox

Hiscox

Verified Company

York, United Kingdom

6 days ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

job description:

About Hiscox UK
Hiscox UK is a leading brand in the insurance market, recognised as setting the standards others try to emulate. We consistently deliver strong growth and exceptional returns, recruiting only the very best and empowering them to deliver. We are known for insuring the homes of the rich and famous through to the most innovative technology companies.

Our customers are diverse and unique and are only united by our ability to provide specialist insurance tailored to their needs.

The role
This is a chance to join our team and fast track your career and become a qualified insurance underwriter. Please note, the start date for this role is Monday 17th April

The Service Delivery Underwriting teams are located regionally throughout the UK mainly in our regional underwriting hubs including Colchester and York.

Part of Hiscox UK's central operations function and are responsible for the volume underwriting of our referrals across new and existing business.

The team directly influence the delivery of portfolio underwriting targets and play a pivotal role in the portfolio change cycle.

The Trainee Underwriters work with the regional teams to deliver superb service in line with the agreed sales strategy.

The role will provide a breadth of development opportunities and exposure to our products, state of the art new underwriting platform and underwriting strategy.

We know the most successful way to train people is in an academy environment and for the first time we are branching out to underwriting.

We believe we will derive the same benefits of speed to competency, deliver consistent onboarding and training and a clear path to achieving an underwriting licence.

The Underwriting Academy will consist of technical training syllabus and an academy.

The technical training will focus on Foundation of Underwriting, professional and specialist commercial products (PSC)
, appetite and how to underwrite them, beginning your CII (professional qualification) studies and understanding our customers.

The academy is designed to put the technical knowledge into practice with a clear route to achieving a level 1 Underwriting Licence by the end of the academy.

What You'll be doing:

Underwriting new/existing business across our PSC products in line with our high standards
This will be across both our direct and broker distribution channels and household, motor and travel insurance policies.
Working towards set targets each month including profitability, GWP, conversion, retention, crosssell, referral rate reduction, quotes per day, turnaround times, workflow management, phone service and prospecting.
Developing your sales skills and appreciation of sales and underwriting strategy in collaboration with the wider teams and regions
Effectively negotiating with both internal and external parties and identified points of contact within brokers
Challenging nonstandard underwriting decisions leveraging the expertise of product specialists and senior members of the team
Showing courage and innovation by spotting process improvements and how we can do things differently to improve the customer experience and drive profitable growth

person specification:

A strong team player capable of taking ownership and driving results
An analytical mind, proactive in thought process and the ability to back up the decisions you make
A natural flair for building relationships enabling you to develop close rapport with brokers, clients and colleagues
Ability to be an ambassador of Hiscox and demonstrate 'going the extra mile' dedication and commitment in a fast growing and demanding area of the business
Selfmotivated with a strong determination to learn, achieve results and succeed
ACII qualification or willingness to study towards qualification
Ability to show they are performing against their current KPIs and role accountabilities

why choose Hiscox?
We offer a great environment with brilliant benefits, so here are some of our favourite ones with full details to follow:

£350 towards a gym or sports membership of your choice
Festive hamper (choose from luxury food and premium wine)
25 days holiday with opportunity to buy 5 extra days holiday
2 'Hiscox' Days Take time off for birthdays, celebrations or family time
Sharesave Scheme
Pension, critical illness cover, life assurance
Medical cover
Hybrid working once fully trained and proficient in the role

_ Diversity and flexible working at Hiscox_

At_
_ __Hiscox we care about our people. We hire the best people for the job and we're committed to diversity and creating a truly inclusive culture, which we believe drives success. We also understand that working life doesn't always have to be 'nine to five' and we support flexible working wherever we can. For this role, you will be expected to be in the York office 3 days per week._