Underwriter : PI

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We have an exciting career opportunity for a Professional Indemnity Underwriter at SHA Risk Specialists.

What will make you successful in this role?

A Professional Indemnity Underwriter will have the experience to carefully select, analyse and underwrite risks, in a cost-effective manner and in accordance with company requirements, guidelines and governance, to ensure good risk selection and profitability and ensure business targets are met.

Maintaining industry awareness, innovating (product, process and marketing) and staying up to date with general market intelligence, technology and other relevant developments will also be crucial.

Accountabilities and responsibilities :

Technical :

• Examine insurance proposal for new and renewal business, gathering and assessing background information, conducting necessary research, evaluating and assessing the risk (including but not limited to coverage analysis, pricing and structure) and discussing / negotiating risks with the broker in order to effectively win or renew the risk.
• Calculate possible risk and determine appropriate insurance premiums using underwriting tools and practices, underwriting information and own judgement and experience.
• Quote within designated authority levels and refer where necessary in accordance with company policy and technical guidelines.
• Monitor portfolio performance and ensure that renewals, new business, lost business are tracked and that the cancellation reserve does not exceed 2.5%.
• Be able to confidently deliver training as and when necessary, internally as well as to brokers and clients.
• Support junior underwriters with the underwriting process and renewal negotiations as necessary.
• Accurately enter data into company systems and produce management reports that ensure that the company remains aware of the nature and financial impact of all risks written for your own portfolio.
• Maintain accurate electronic records for auditing and regulatory purposes.
• Proactively participate in projects or other initiatives designed to improve the effectiveness or efficiency of the department.
• Undertake any other reasonable tasks as requested by the U / W Head or Manager in order that the team achieve its objectives.
• Adhere to and where possible, improve, all operational and procedural standards.
• Peer review and sign off including checking policy documentation for all accounts within authority but outside of junior staff authority.
• Handle accounts queries and credit control queries to the satisfaction of all parties.

Client and marketing responsibilities :

Governance :

Qualifications & Experience

Line of business specific requirements :

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