Property Underwriter

• Negotiating with brokers, studying various insurance proposals by gathering and assessing background information in order to effectively underwrite the risk involved in line with

company procedures and processes.

• Deal with new business enquiries within allocated authority level and in accordance with the company’s underwriting guide to enable objectives and targets to be achieved.

• Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders.

• Magenta is a B2B chartered insurance underwriting agency specialising in writing residential non-standard or distressed risks; products include Home, MNW, Unoccupied, Renovation, Holiday Home and Let

Key Results Area

• Demonstrate consistent professional and constructive communication at all times to help support a positive and collaborative working environment

• Ensure contract certainty is achieved on all accounts at time of inception

• Ensure accurate policy documentation issued to the broker or customer

• Proactively support acquisition of new business

• Positively represent magenta and partners externally to the market

• Working towards set targets each month including profitability, GWP, conversion, quotes per day, turnaround times, workflow management, phone service.

• Following the underwriting and pricing knowledge and guidance from the Senior Mgt. Team to ensure that the company’s underwriting performance commitments are met

• Comply with the laws and regulations that apply to the insurance market including all key regulatory, conduct and risk management requirements and responsibilities.

• Utilise available actuarial information, other statistics and underwriting experience when considering acceptance, terms and premiums.

• Utilise available information and profiling of risks when considering acceptance, terms and premiums.

• Make effective decisions when dealing with presented cases, being able to justify underwriting decisions, keeping detailed and accurate records of policies and decisions made

• Provide excellent customer service to forge strong relationships with brokers.

• To be the delegated Underwriter for agreed Brokers, offering a bespoke service where required.

• Undertake any required training to ensure the role can continue to be effectively carried out.

• Underwriting experience and knowledge.

• Excellent communication and negotiation skills both over the telephone and in writing

• Problem Solving and an eye for detail.

• Computer literate and thorough understanding of the Trading Platform

• The understanding to "think outside the box" and make commercial underwriting decisions

• Able to work under pressure and in a fast-paced environment

• Strong interpersonal and relationship building skills

• Good market and competitor knowledge.

• Good understanding of TCF principles.

• Good understanding of CIDRA

Qualifications

• A minimum of Cert CII is preferred

• A-Level Standard Qualifications

Technical Experience

• Good understanding of Residential Property Insurance

• Good understanding of Property Insurance Sales and/or Underwriting

• General Understanding of Property Insurance Claims

• General Understanding of FCA GI Regulation

Experience Required

• A minimum of 3 years’ experience in Property Underwriting or

• A minimum of 1 years’ experience in non-standard property underwriting