Underwriter - Financial Institutions

About us

IQUW is a speciality (re)insurer at Lloyd’s (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast.

ERS is the UK's largest specialist motor insurer with an A+ rating. We recognise that for some, motor insurance is more than just a must-have; it's a way of taking care of what stands at the heart of their passion or livelihood. For those people, standard insurance isn't enough. That's why we work exclusively with motor insurance brokers to help get under the skin of the most difficult insurance risks, helping build products to meet their customer’s needs.

The role

The IQUW Financial Institution portfolio consists of a global client base with particular focus on the US and Australia.   We write Insurance for a broad range of mid-market financial institutions, with varying risk profiles and are considered a primary leader in our chosen areas.  Our team of 4 underwriters are creative and solution focused and are involved in all aspects of the portfolio.

The role of an Underwriter at IQUW is one which proves challenging yet truly rewarding. The role offers the opportunity to become a key member of a high-paced underwriting team working on a growing, global Financial Institution portfolio.

The key to success in this role will be a highly detailed and analytical underwriting approach, influential relationship management and unparalleled sales skills, as well as structured organisational skills and the ability to think ahead and use initiative. You will need to thrive in a business development role and be able to demonstrate a skill for working with senior brokers/clients. You will need to take ownership of relationships and be confident these lead to profitable business.

Key responsibilities

• Underwrite all elements of the Financial Institutions portfolio.
• Drive underwriting excellence across the book by ensuring adherence to risk appetite, lines setting, standards and guidelines, rating and pricing adequacy.
• Ensure high quality underwriting, appropriate exposure assessment, contractual terms and adherence to respective rules and guidelines.
• Assist with the development of the pricing models to support the underwriting/pricing of the portfolio.
• In collaboration with the Head of Division & Lead Underwriter, you will be responsible for delivering the Class approved plan and providing input into the longer-term strategy.
• Develop close relationships with our partner brokers.
• Own the development of our underwriting appetite, constantly analysing the portfolio and modifying appetite accordingly.
• Develop business development initiatives to grow the portfolio profitably, where desired.
• Provide a compelling and knowledgeable service offering to brokers and clients, making IQUW a go-to Market for Financial Institution Insurance enquiries.

Essential qualifications, skills and experience

• A solid foundational knowledge & understanding of underwriting Financial Institution business.
• A developing Market reputation.
• An insatiable appetite to increase the profitability of the portfolio.
• Excellent communication skills, and the ability to deal comfortably with different types of people at all levels of seniority.
• Demonstrable experience of managing risks appropriately, applying judgement and being prepared to own and take responsibility for your decisions.
• Ability and confidence to develop Broker and Client relationships and source business from a variety of distribution channels.

Desirable behavioural attributes

• Interpersonal and relationship building skills.
• Clear evidence of the ability to motivate and inspire peers.
• Highly articulate and numerate.
• A collaborative team player.
• Comfortable dealing with ambiguity and applying judgement based on information available.
• Innovative and able to generate creative solutions.
• Highly organised with a clear ability to prioritise and deliver on allocated tasks.

Please see here for the full job description: https://iquwgroup.icims.com/icims2/servlet/icims2?module=AppInert&action=download&id=30672&hashed=918605484