Senior Development Underwriter - Financial Institutions in City of London

Under the general supervision, produce and underwrite new and renewal business from assigned brokers in accordance with underwriting authority.

Consistently achieve superior financial results (retention, pricing, new business, profitability) through superior execution of regional or product underwriting strategies.

Interact and collaborate with a team of regional or product colleagues and other internal/external business associates to attract new business, retain existing customers, and explore new areas of business.

Position involves both underwriting and sales.

Includes direct responsibility for broker development and management within a defined book of business.

Act as a local expert and role model for other team members.

Actively coaches/mentors and/or manages other Development Underwriters./n, Underwrite and assess risk for products and accounts from assigned brokers.

Make appropriate decisions within own underwriting authority in addition to considered, intelligent, and complete recommendations to regional or product underwriting leadership.

• - Consistent with TICL underwriting principles underwrite more complex accounts and risks and consider different approaches toward risks to maximise profitability (e. g., pricing, retention, endorsements, limits, indemnity, security).
• - Make prompt, sound decisions within underwriting authority and based on appropriate underwriting information.

Negotiate terms and conditions consistent with regional or product underwriting requirements and standards within submission timeframe.

• - Understand and execute product segment strategies to produce budgeted results.
• - Continuously manage book of business (maintain quality of business required by regional or product underwriting strategy).
• - Accountable for accurate underwriting documentation and information in account management systems and adherence to documentation standards.
• - Embrace required working practices with allocated Underwriting Account Management resource in order to deliver appropriate and timely underwriting service on your accounts at all times.
• - Establish and maintain collaborative relationships with colleagues in Head Office, Risk Control, Claims, Actuarial, and as needed, any other parts of the organisation.
• - In exercising own underwriting authority, assure that policies and accounts are effectively underwritten, handled and documented in compliance with company and regulatory standards and requirements.
• - Develop and leverage broker/client relationships through a high level of visibility and using a disciplined sales management approach (e. g., planning and follow-up for broker and prospective customer visits/meetings) in support of business objectives.
• - Effectively develop and execute sales plans for assigned brokers in conjunction with the regional sales leadership as appropriate.
• - Create and achieve sales plans that identify and capture new business opportunities and effectively cross sell TICL products.
• - Act as a responsible business partner with assigned brokers and clients, managing interests of TICL.
• - Seek out and maintain collaborative relationships with colleagues in other business units and regions to foster business development.
• - Actively participate/lead regularly scheduled regional and product underwriting and/or sales meetings with your team.
• - Demonstrate superior customer service standards (consistency, quick response, knowledge of products).
• - Work with others to help achieve underwriting, sales and production goals and understand and work towards strategic objectives.
• - Customer interaction focusing on meeting customer expectations for response time and knowledge of products and business.
• - Work strategically and tactically with brokers to ensure they have an appropriate level of understand.
• - Perform other duties as assigned.

/n, University degree and/or Chartered Insurance Institute (CII) Advanced Certification or Diploma.

• - General knowledge of industry business operations and work methods, critical business issues and financial drivers that affect the Line of Business.
• - General knowledge of the local insurance marketplace and effectively uses that knowledge to the Company's advantage; continuously seeks out local market insight.
• - Continuously seeks out market insight and uses acquired knowledge to assist less experienced employees.

• - Intermediate

• - Relationship Management: Seeks out, builds, fosters and maintains productive relationships or alliances to meet goals and achieve objectives.
• - Business Perspective: Uses knowledge of internal and external factors that impact the Lloyd's Market to make decisions.
• - Analytical Thinking/Financial

Acumen: Identifies current or future problems or opportunities, analyzes, synthesizes and compares information to understand issues, identifies cause/effect relationships, and explores alternatives to support sound decision making.

• - Utilizes understanding of finance and accounting principles to identify the impact of responsible underwriting decisions on the overall profitability of the business.
• - Product/Technical: Demonstrates technical proficiency and application of knowledge commensurate to his/her underwriting authority.
• - Makes sound quoting and pricing decisions that are in the Company's best interests.

Previous experience of underwriting in management liability/professional indemnity/financial institutions.

• Private
• Medical

Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.

• - Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan.

Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.

• - Holiday

Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.

• - Wellness

Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs.

In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.

• - Volunteer

Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved.

Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.

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