Open roleExternal
Commercial Underwriter
- coventry, west midlands, CV1 2GN, United Kingdom
- Permanent·On-site
- Full time
- £52,000 - £52,000 Per Annum
Job Description
About the Role
Our client is seeking a meticulous and analytical Commercial Underwriter to join their established team in Coventry . In this critical role, you will assess and underwrite commercial insurance risks, ensuring profitable business growth while managing exposure effectively. You will work closely with brokers and agents, applying your underwriting expertise to make informed decisions on complex commercial policies. This position offers the chance to be part of a stable and reputable organisation within the UK insurance market , contributing to strategic underwriting decisions and maintaining a robust portfolio.
Key Responsibilities
- Analyze and underwrite new and renewal commercial insurance applications, assessing risks and determining appropriate terms, conditions, and pricing.
- Develop and maintain strong relationships with brokers and intermediaries, understanding their business needs and providing responsive service.
- Ensure compliance with underwriting guidelines, regulatory requirements, and company strategies.
- Monitor the performance of the commercial portfolio, identifying trends and opportunities for improvement.
- Collaborate with claims, actuarial, and other departments to ensure a cohesive approach to risk management.
- Contribute to the development and refinement of underwriting products and strategies.
Requirements
- Demonstrable experience as a Commercial Underwriter within the insurance industry.
- Strong understanding of commercial insurance products, risk assessment principles, and market dynamics.
- Excellent analytical, decision-making, and negotiation skills.
- Effective communication and interpersonal abilities for broker engagement.
- Proficiency in underwriting systems and Microsoft Office Suite.
- Relevant professional qualifications such as ACII are highly regarded.
Benefits
- Competitive annual salary commensurate with experience.
- Structured career development path and ongoing training opportunities.
- Comprehensive private medical insurance and life assurance.
- Company pension scheme with generous employer contributions.
- Generous holiday allowance and access to employee discount programs.