Underwriting Specialist

About the Role

Our client is recruiting a meticulous Underwriting Specialist to join their growing insurance team based in Birmingham . This role is central to assessing and accepting insurance risks, ensuring profitability and compliance. You will work closely with brokers and agents to understand client needs and provide tailored insurance solutions. This is an exciting opportunity to develop your career in risk assessment within a supportive and forward-thinking company, contributing to sound financial decisions and the stable growth of the business.

Key Responsibilities

• Analyze and assess insurance applications and associated risks across various product lines.
• Determine appropriate policy terms, conditions, and pricing based on risk evaluation.
• Liaise with insurance brokers and agents to gather necessary information and clarify policy details.
• Maintain up-to-date knowledge of market trends, competitor activities, and regulatory changes.
• Ensure all underwriting decisions comply with company guidelines and regulatory requirements.
• Document underwriting rationale and decisions accurately in the underwriting system.

Requirements

• Previous experience in insurance underwriting or a closely related field.
• Strong analytical and decision-making skills, with a keen eye for detail.
• Excellent understanding of risk assessment principles and insurance products.
• Effective communication and negotiation skills for interacting with brokers and internal stakeholders.
• Relevant professional qualifications (e.g., CII) or willingness to pursue them.

Benefits

• Competitive salary and performance-based incentives.
• Hybrid working model offering flexibility between home and office.
• Comprehensive benefits including private medical insurance and life assurance.
• Structured training and development programs.
• Access to a contributory pension scheme.