Underwriting Specialist

About the Role

Our client is seeking a meticulous and analytical Underwriting Specialist to join their established team in Coventry . This role is integral to the company's success, focusing on evaluating and managing risks associated with insurance policies to ensure profitability and compliance. You will work closely with brokers and agents, providing expert advice on underwriting guidelines and risk appetite. This is a fantastic opportunity for a professional with a keen eye for detail and a strong understanding of risk assessment to contribute significantly to the West Midlands financial services sector.

Key Responsibilities

• Assess and underwrite new insurance applications based on established guidelines and risk assessment criteria.
• Analyze financial data, risk factors, and applicant information to determine policy terms and pricing.
• Collaborate with sales teams and brokers to provide clear explanations of underwriting decisions and policy offerings.
• Maintain up-to-date knowledge of market trends, regulatory changes, and competitor activities.
• Identify and manage potential risks, recommending appropriate mitigation strategies.
• Contribute to the development and refinement of underwriting policies and procedures.

Requirements

• Solid experience in insurance underwriting, preferably within a specialized line of business.
• Strong understanding of risk assessment principles, financial analysis, and actuarial concepts.
• Excellent analytical and critical thinking skills.
• Effective communication and negotiation skills for dealing with internal and external stakeholders.
• Proficiency with underwriting software and data analysis tools.
• Relevant professional qualifications (e.g., ACII) are highly advantageous.

Benefits

• Competitive salary and performance-based incentives.
• Structured training and continuous professional development opportunities.
• Generous holiday allowance and company benefits package.
• Membership in a reputable professional body.
• A stable and supportive working environment in Coventry .