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Date Added: Wed 08/05/2024

Commercial Underwriter

Chelmsford, UK
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Company: RAYMENT RECRUITMENT

Job Type: Permanent, FullTime

Salary: £40,000 - £55,000 per annum

Commercial UnderwriterChelmsford£40,000 to £55,000Hybrid position

We are looking for an experienced Commercial Underwriter for a well respected organisation in the Chelmsford area. They are a well respected, award winning company, and as a Commercial Underwriter you will have the opportunity to be mentored by industry specialists alongside a programme of personal development and investment to deliver on your career goals.

Our client are looking for a broker orientated and detail focused Underwriter to develop both new and existing relationships. The role will include underwriting new and renewal business for a product suite consisting of commercial combined, property owners, retail package, primary liability, contract works, contractors’ plant and equipment. The role will be a fantastic opportunity for someone who likes variety and flexibility to manage their own time.

As a Commercial Underwriter, your responsibilities will be:

  • New business underwriting and processing - target commission & fee income per month
  • Renewal business underwriting and processing 90% renewal retention target
  • Midterm adjustment underwriting and processing within 30 days of renewal or inception
  • Broker development (New and existing) including regular broker visits and on-site underwriting
  • Develop and maintain relationships with your broker panel
  • Monthly reporting
  • Training, developing and coaching of less experienced staff

You must have the following experience and knowledge:

  • Commercial underwriting experience is essential, specifically Commercial Combined, Property and Liability, ideally in all or some of the products mentioned above.
  • Experience in dealing with Commercial brokers/ Insurers
  • Experience working in a small team in SME organisations
  • Experience in underwriting with delegated authority or underwriting licences
  • Proven track record of developing new and existing relationships with key brokers
  • Ability to deliver on financial targets
  • Ability to work in as a team and on own initiative
  • Experience in using software systems for underwriting and administration

The ideal Commercial Underwriter will have excellent organisation skills, excellent communication skills and a can do attitude. You will have effective time management skills and be able to contribute towards your colleagues time.

This role is hybrid and a car driver is preferred due to the location of the office.

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