The role
The role of a Senior Underwriter at IQUW is one which proves challenging yet truly rewarding. The role offers the opportunity to become a key member of a leading edge, next generation underwriting team within IQUW’ new Specialty operation.
The key to success in this role will be a highly detailed and analytical underwriting approach, pro cyclical mindset with a profit driven focus. You will also need strong organisational skills.
Key responsibilities
- In collaboration with the lead Underwriter, you will be responsible for delivering the Class approved plan and providing input into the longer-term strategy.
- Underwrite delegated areas of the Cyber portfolio
- Drive underwriting excellence across the delegated portfolio 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 this part of the portfolio
- Lead and develop close relationships with our partner brokers.
- Own the development of our delegated 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 coverholders, making IQUW a go-to Market.
The above duties and responsibilities are not an exhaustive list and you may be required to undertake any other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.
Essential qualifications, skills and experience
- A proven track record in underwriting, Pricing or Exposure Management
- Underwriting:
- 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 tasks appropriately, applying judgement and being prepared to own and take responsibility for their decisions
- Knowledge and skills relating to the management of insurance data
- Actuarial skills at the level of a nearly or qualified UK actuary
- Detailed pricing knowledge in Property or Specialty lines
- Experience with programming in R or Python an advantage
- Strong catastrophe modelling or exposure management knowledge and expertise in modelling natural/non-natural catastrophe risk. Property Treaty experience highly desirable.
- In depth knowledge of how catastrophe models work, their strengths and weaknesses, and how to draw maximum value from their results.
- Excellent relationship management skills
Benefits
- Competitive Benchmarked Salary
- 25 days holiday
- Discretionary bonus scheme
- Employee assistance programme
- Annual holiday buy (up to 3 extra days)
- Salary sacrifice benefits
- Annual benefits reviews
- The option for professional qualifications and study support
Additional Information
A full job description can be seen here.
