Average Combined Underwriter salary in the UK

Primary Details Time Type: Full time Worker Type: Employee The Opportunity: We have a newly created Underwriter position within our Commercial Combined UK team to support our sustained and continued growth plans. This role will have a focused lens on UK-domiciled business writing multiline; property and casualty across the middle -market whilst maintaining and establishing relationships with aligned brokers. Surrounded by supportive colleagues our market-facing underwriters own their own book of business, including a blend of new and existing business, with exposure across complex and technical risks. We empower our underwriters to use their subject matter expertise and experience, with referrals required only where necessary. Whether you have commercial combined or property underwriting experience we are keen to speak with those looking to make their next move! Your new role Underwrite insurance risks in accordance with the Business Plan and the personal authority to meet business objectives Build and maintain strong relationships with stakeholders including customers, brokers, business partners and colleagues, to maximise influence Develop relationships in line with the Business Plan to support the achievement of business objectives Understand and comply with QBE reinsurance strategy to minimise risk and deliver business plan objectives Participate fully and use your expertise to shape and develop strategy, knowledge and best practice Positively promote the department, division and company as a whole, in order to maximise brand leverage Comply with all legal and regulatory requirements to ensure obligations are met Adhere to underwriting standards, instructions and good practice to minimise risk and maximise efficiency Actively keep abreast of market dynamics and demonstrate market cycle awareness to be able to operate effectively and appropriately Ensure clear and prompt communication to UA’s in relation to Underwriting and aggregate exposures ensuring entries on EO systems are accurate About you Experience gained within the insurance industry and good knowledge of underwriting commercial combined business Commercial ability to understand the key profit drivers to maximise long term wealth for our shareholders Intermediate level understanding of relevant software, including Excel and other departmental software packages Good knowledge of legal and regulatory requirements Understanding of natural catastrophe areas and ability to analyse modelled results Excellent organizational, prioritisation and interpersonal skills The ability to influence actions and attitudes of others through leading by example Negotiating skills, innovative in underwriting approach and programme design Ability to analyse data and use for decision-making Use of risk profiling and pricing tools and loss models At QBE, we view our people as our most precious asset. We understand the importance of fostering a work environment that is responsive to the changing needs of today's workforce. QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job, we have adopted flexible working across the company and welcome this conversation. Why QBE? At My Best   At QBE, we want our people to feel rewarded and inspired to perform at their best, that’s why we have created “At My Best”. It’s our connection, our way of showing we have your back. We understand that one size doesn’t fit all and that priorities can change depending on your life stage. That is why our blend of wellbeing initiatives and benefits offer flexibility to suit what matters most to you. It’s in the culture of our business, our QBE DNA, to support our people. Everything we do is underpinned by our QBE DNA - because we know it’s not just what we do that matters, it’s how we do it that makes the difference.  In addition to this, we also offer flexible parental leave for both parents and have several employee network groups that support and empower our diverse workforce.  At QBE, we view our people as our most precious asset. We understand the importance of fostering a work environment that is responsive to the changing needs of today's workforce. QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job, we have adopted flexible working across the company and welcome this conversation.   Some of the award’s QBE are proud to have won, been a finalist for, and shortlisted for include;?  Employer of the Year 2022Winner – Insurance Insider  British Claims Awards 2022 Winner - InsurTech Award?  Insurance Times Claims Excellence Awards 2022 Winner - Claims Product Solution of the Year?  Working Families Best Practice Awards 2021 Finalist for:Best COVID-19 Response??  Insurance Post British Insurance Awards 2022 Shortlisted for: Best Customer Care, Diversity & Inclusion Initiative of the Year 2022, Specialist Insurer of the Year (for Construction), General Insurer of the Year?  We are proud to have partnerships with organisations such as Stonewall and Working Families, and our commitment to the Women in Finance Charter, the UN Women’s Empowerment Principles and Race at Work charter helps keep us accountable and transparent  Inclusion of Diversity  We are striving to create a workplace culture where all our people feel included, and we are committed to building a diverse workforce that is reflective of the communities we operate in.  We know that diversity of thought, background and experience enables better decision making, improves the quality of our delivery and helps us to meet the needs of our customers.?  </span

Commercial Underwriter Purpose of Role/Job Overview: Commercial Combined/SME Underwriter business on a presentation basis Underwriting a high volume of Commerical Combined / SME enquiries, average premium is circa £3,000 with a potential to write up to a premium of £100,000. As a Commercial Underwriter, you will possess the ability to interpret policy / endorsement wordings and have experience in writing own or modifying existing wordings. Once trained it is expected that the position of Commercial Underwriter will be fairly autonomous, working to achieve personal underwriting targets. Commercial Underwriter Requirements: Must have a Minimum of 3 years’ Commercial Undewriting experience. Preferable Cert CII or part qualified. As a Commecial Underwriter, you must have experience of determining policy terms and calculate premiums in line with both in-house authority limits and insurer binding authority agreements. Demonstrate your contribution to loss ratio control by effectively adhering to Company's underwriting controls. To positively reinforce and display company values and to actively drive the business forward in achieving its objectives. Experience in writing high risk and hard to place business is desired but not necessary. Existing broker relationships that would support in this role is desired, but again not necessary. Commercial Underwriter Key Accountabilities Meeting and where possible, exceeding brokers service levels and expectations. Identifies cover and hazards that will impact on the acceptance, pricing, or terms applicable to a risk. Understands the impact of claims and risk management on the performance of a case and demonstrates an ability to review taking these factors into account. Build and maintain strong relationships with key trading partners to maximize influence. Support the development and operation of sales campaigns to drive the acquisition of profitable business. Other Activities, Duties and Responsibilities for Commerical / SME Underwriter: Maintain and develop market awareness. Maintain good working relationships with all internal departments. Maintain an open communication ethos with colleagues and managers. Demonstrate "model behaviours" Comply with all legal, regulatory, and contractual requirements to ensure obligations are met. Contribute to wider business activities. Operate within individual underwriting authorities and guidelines.

A new opportunity has come to market for a Commercial Combined Underwriter to join one of our insurer clients to be part of their Manchester-based team. This is a great opportunity for an experienced and hard-working Commercial Combined Underwriter who enjoys working as part of team, to support the business in achieving its financial goals. As Commercial Combined Underwriter, you will be responsible for underwriting policies on a case-by-case basis within agreed authority limits. You will also need to be a good team member and able to develop solid relationships with colleagues and brokers alike. Skills and Experience: Proven experience in and a strong approach to underwriting Motor Trade Combined risks.A good technical understanding of insurance underwriting principles.Strong trading skills to develop broker accounts and achieve profitable growth.An excellent team player and strong customer centric approach, working collaboratively to deliver a first-class service.Will be extremely organised, with the ability to prioritise and manage workload effectively.Possess good problem-solving skills. What will you get in return: Salary up to £38,000, Dependent on ExperienceHybrid working, split between Manchester office and Home25 Days Holiday plus Bank Holidays, option to buy and sellPerformance related bonusSupport with professional development and opportunitiesLife AssuranceGenerous employer pensionPlenty of other additional benefits… Apply: If you are an experienced Commercial Combined Underwriter seeking a new challenge, do not miss out and apply today! For further information please contact one of our specialist consultants and quote job reference NJR14663