Average Underwriting Administrator salary in the UK

Underwriting Technician Location: South Woodham Ferrers Hours: Mon - Fri 8:45am - 5:30pm Holiday: 20 days + 5 additional days which must be used over the Christmas period Salary: £35 - £40k (Dependant on experience) Are you an experienced Underwriting Technician looking for an exciting new opportunity in the insurance industry? Our client, a leading organisation in the insurance sector, is seeking a talented individual to join their team as an Underwriting Technician on a permanent basis. If you have a strong background in commercial insurance and possess knowledge of the Acturis System, we want to hear from you! Key Responsibilities: Provide administration support for new business, renewals, and adjustmentsAssist all sales team members with administrative tasksUtilise your broad broker knowledge to handle personal home and motor insurance, as well as commercial insurance including property owners, liability, and fleets Requirements: Proven experience as an Underwriting Technician, with a focus on commercial insuranceProficient knowledge of the Acturis SystemA broad understanding of various areas within the insurance industry, including personal home and motor insuranceStrong attention to detail and ability to handle multiple tasks efficientlyExcellent communication and interpersonal skillsAbility to work well within a team and collaborate effectively Why Join Our Client's Team? Be part of a dynamic and innovative organisation that values its employeesEngage with a diverse range of insurance products and clientsBenefit from ongoing professional development and growth opportunitiesWork in a supportive and collaborative team environment Application Process: If you are ready to take the next step in your career and join our client's team as an Underwriting Technician, please submit your resume and a cover letter highlighting your relevant experience and skills. Our client is an equal opportunity employer, and they encourage applicants from all backgrounds to apply. Note: Only candidates selected for an interview will be contacted. Adecco acts as an employment agency for permanent recruitment and an employment business for the supply of temporary workers. The Adecco Group UK & Ireland is an Equal Opportunities Employer. By applying for this role your details will be submitted to Adecco. Our Candidate Privacy Information Statement explaining how we will use your information is available on our website.

The role To manage the policy lifecycle, ensuring clean data is entered into and out of the underwriting and financial systems and a high service level is provided to the wider business. Key Accountabilities Underwriting Administration Manage the team mailbox and ensure all correspondence is dealt with in an efficient and timely mannerTransferral of underwriting information and correspondence into the document management system where appropriateData entry of all policy types and endorsements using an underwriting data entry system on behalf of the teamData entry in to any relevant team systemsEnsuring a timely, efficient and appropriate workflow process is followed to from start to finish Data Quality Monitor and review the Policy data input, ensure compliance with data quality protocolsResponsible for individual error rate and ensuring that this is in line with company standards & expectations Managing Relationships Support the Operations team by delivering a high quality service to the businessDevelop and maintain a strong, long-term relationship with underwriters along with their brokers by providing them with an excellent serviceWork closely with wider Operations team to ensure an aligned approach Risk and Controls Ensure all risks comply with regulatory and compliance checks, which in turn are all performed within the underwriting guideline adhering to all Local and Group guidelinesImplement and maintain process controls to ensure the quality of the output of your area within the function. Ensure documentation of the processes and output is accurate, up-to-date and accessible Process Improvement Make suggestions for process improvements within your roleEnhance and improve the effectiveness of the service and systems used in the Operations team and if needed participate in special underwriting projects if required Credit Control Accounting Queries - Reconcile and investigate accounting queries from Technical operations team including weekly reports and individual account queries Reporting MI Reporting - Understand reporting environment and assist with team KPI/Regulatory reporting when requiredAnalysis of data and/or preparing reports for own & underwriters purpose IT Ensure full understanding of IT systems utilised within roleAttendance of UK Key User Group to understand any changes to systems and provide input regarding these Skills & experience Previous experience within an insurance role, a basic level of understanding is requiredKnowledge of London Market; key practices and principles within the underwriting sector are desirable but not essential.Intermediate MS Office skills - Outlook, ExcelA-level or equivalent or higherWorking towards CII qualifications or similar industry recognised qualifications is desirable but not essential. This is an urgent role with a rapidly expanding and ambitious organisation and the company benefits include an excellent bonus, travel allowance and pension. Apply now!

Development Underwriter Salary up to £75k + bonus Hybrid Working Company Established in 2011, our company is a reputable financial institution specializing in providing second charge mortgages to customers who may not meet the criteria of high street banks and building societies. Authorized and regulated by the Financial Conduct Authority (FCA) for regulated mortgage lending and administration, we are also registered with the FCA for Consumer Buy-to-Let lending. Expanding our portfolio, we entered the bridging and development finance market in 2022, offering first and second charge loans with a mix of regulated and unregulated options. About the Role We are currently seeking a skilled and experienced Development Underwriter to join our team. The Development Underwriter will play a crucial role in processing refurbishment and development finance applications, ensuring compliance with our underwriting standards and lending policies. This position requires an individual with a proactive mindset, strong analytical capabilities, and excellent communication skills. Day to Day Manage a pipeline of development cases for initial completions and subsequent drawdowns, prioritizing effectively.Underwrite loan applications within company lending criteria, making quality lending decisions.Maintain regular contact with borrowers to identify issues at an early stage and explore future business opportunities.Be vigilant when working on cases and refer to appropriate channels when necessary.Maintain high levels of communication with stakeholders including brokers, applicants, surveyors, and solicitors.Collaborate with other departments within the company, such as sales, compliance, finance, and collections. What we are looking for Strong experience in underwriting development finance loans, preferably including experience with regulated loans.Excellent understanding of compliance aspects, including regulatory requirements and principles of treating customers fairly.Ability to adopt a pragmatic approach to underwriting, balancing risk management with business objectives. If you are skilled Development Underwriter then we would like to hear from you !