Underwriter - Transactional Liability / W&I

hackajob is collaborating with QBE Insurance to connect them with exceptional professionals for this role.

Primary Details

• Time Type: Full time
• Worker Type: Employee

Role Highlights

• London, with hybrid working
• Enhance your career in an exciting and ever-changing environment

The Opportunity

We have an exciting opportunity for an Underwriter to join our Transactional Liability team based in our London office, with flexibility for some remote work. QBE’s European Operations Transactional Liability team is recognised for its strong, hands-on experience in Warranty & Indemnity (W&I). Our superior products and services minimise risk, allowing for efforts to be focused on more critical responsibilities, like securing the deal. In this role, you’ll be responsible for day-to-day tasks such as evaluating broker submissions, preparing quotes, and assisting the team with underwriting a broad spectrum of W&I risks.

Your new role

• Underwrite business in accordance with the business plan and within our UK and European business.
• Perform underwriting activities in accordance with all legal and regulatory requirements to ensure obligations are met.
• Contribute to the recording and measurement of insurance risks to ensure accuracy and good practice.
• Maintain and develop relationships with stakeholders including customers, brokers, business partners and colleagues, to increase exposure in the market.
• Develop knowledge of market dynamics and market cycles to be able to support business performance.
• Underwrite insurance risks to meet business objectives including negotiating rates, terms and conditions for existing and new business, ensuring production and issue of contract certainty documentation and supporting credit control in payment collection.
• Support the review and analysis of the portfolio to identify progress towards business objectives.

About You

• Previous Underwriting experience in Transactional Liability / W&I.
• Commercial ability to understand the key profit drivers to maximise long term wealth for our shareholders.
• Good knowledge of legal and regulatory requirements.
• Excellent organisational, prioritisation and interpersonal skills.
• Good negotiating skills, innovative in underwriting approach and programme design.
• Use of risk profiling and pricing tools and loss models.

Benefits

We offer a range of benefits to help provide holistic support for your work life, whatever your circumstances. As a QBE employee you will have access to and benefit from:

• 30 days holiday a year with the option to buy up to 2 additional days.
• Flexible working - balancing work and life is important so our flexible working opportunities are open to all, this can include part-time, job share and compressed hours.
• Pension – you are automatically enrolled into the QBE pension plan, which entitles you to receive employer contributions of 10% of your basic salary.

Awards & Recognition

We value our employee’s experience with us and are proud to have been recognised for the following awards:

• Winner: Commercial Lines Insurer of the Year
• Winner: Reinsurer of the Year - QBE Re
• Winner: ESG, Diversity, Equity and Inclusion Initiative of the Year
• Winner: Insurance Personality of the Year - Chris Wallace, Executive Director UK insurance

Skills

• Business Management
• Collaboration Tools
• Commercial Acumen
• Communication
• Critical Thinking
• Decision Making
• Detail-Oriented
• Insurance Underwriting
• Intentional collaboration
• Managing performance
• Policy Development
• Portfolio Management
• Regulatory Compliance
• Risk Management
• Stakeholder Management

Equal Employment Opportunity

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.