Financial Institutions Underwriter

Job Purpose:

As a Financial Lines Underwriter, based in our London office you will form part of a team of professionals that focus on developing our regional portfolio. You will directly report to the Financial Institutions Underwriting Manager and, after initial in-house training, carry out selection, analysis, and pricing of new and renewal policies, as well as negotiating the insurance terms and conditions with brokers and insureds in order to issue the final contractual documentation. You will be key in helping build profitable relationships with brokers and insureds and your role will fully support and comply with the company’s objectives and standards.

Key Responsibilities:

  • Cultivate and maintain broker relations
  • Analyse data relating to an account: study financial, regional/national economic trends and industry conditions in the assigned underwriting discipline
  • Negotiate with brokers
  • Follow underwriting guidelines and submit underwriting, pricing and negotiation recommendations to the Financial Institutions Manager
  • Identify and pursue new business opportunities
  • Manage and grow the book of business
  • Coordinate and/or participate in special projects
  • Attend off-site conferences, trade shows, seminars and meetings

Skills and Experience Specification:

Essential

  • (BA or MA) Degree in Business Administration, Law, Economics or similar
  • 1 to 2 years (or equivalent) prior experience in similar position with a financial or legal background.
  • Entrepreneurial with excellent relationship building skills
  • Good negotiation skills
  • Self-starter
  • Possess a proactive approach to problem solving, taking ownership
  • High capabilities for analysis and synthesis
  • Able to work well under stress
  • Authentic and self-confident
  • Resourceful, hard worker taking pride in work
  • Punctual, loyal and reliable
  • Team player