Insurance Underwriter

About the Role

Our client is seeking a skilled and analytical Insurance Underwriter to join their dynamic team in Birmingham . In this crucial role, you will be responsible for assessing and accepting or declining insurance risks, ensuring that the company's underwriting philosophy and profitability targets are met. You will work closely with brokers and agents to understand client needs and provide competitive, well-priced insurance solutions. This hybrid role offers the perfect blend of office-based collaboration and remote flexibility, enabling you to contribute effectively to the company's growth and success while maintaining a healthy work-life balance within the vibrant West Midlands business community.

Key Responsibilities

• Evaluate insurance applications, analyzing risk factors, financial data, and policy requirements to determine insurability.
• Set appropriate premium rates and terms and conditions for new and renewal policies, balancing risk and profitability.
• Develop and maintain strong relationships with brokers and clients, providing expert advice and support.
• Monitor the performance of assigned portfolios, identifying trends and recommending adjustments to underwriting strategy.
• Ensure compliance with all relevant regulatory requirements and company underwriting guidelines.
• Collaborate with claims and actuarial teams to refine underwriting practices and pricing models.

Requirements

• Minimum of 3 years of experience in insurance underwriting, preferably in commercial or specialty lines.
• Strong analytical and decision-making skills, with a keen eye for detail.
• Excellent understanding of insurance principles, risk assessment, and policy wording.
• Effective communication and negotiation abilities, comfortable interacting with stakeholders both in-person and remotely.
• Relevant professional qualifications such as ACII or equivalent are advantageous.
• Ability to manage a diverse workload and meet stringent deadlines.

Benefits

• Competitive salary and performance-related bonus opportunities.
• Hybrid working model offering flexibility and work-life balance.
• Comprehensive health and wellness benefits package.
• Opportunities for professional development and career advancement within the insurance sector.
• Access to state-of-the-art office facilities in Birmingham .