Commercial Underwriter (South Wales and South West England)

Job Title: Commercial Underwriter

Reporting to: Head of Renewals (South)

Location: Home-based, covering a portfolio across South West England and Wales, with regular travel to client meetings across the region and twice-monthly team meetings at the Rearsby, Leicestershire office

Position Type: Permanent, 35 hours per week

Why Tokio Marine HCC?

Standing still is not an option in the current world of Insurance. TMHCC are one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.

Job Purpose:

As a Commercial Underwriter, you will be responsible for managing and underwriting a portfolio of trade credit insurance policies across a range of industry sectors, including construction. You will assess, price and structure new and renewal business, working closely with brokers, clients and internal teams to deliver commercially sound underwriting decisions and support the continued growth of the Credit portfolio.

This is an excellent opportunity for an experienced Underwriter to take ownership of a varied regional portfolio, develop strong broker and client relationships, and contribute to the continued growth of our Credit business.

Key Responsibilities:

• Manage a portfolio of trade credit insurance policies across agreed sectors and territories

• Assess, price and structure new business opportunities using appropriate underwriting tools, including claims ratio analysis, excess calculations and pricing models

• Prepare renewal terms, present recommendations for approval where required, and negotiate terms with brokers and clients to support retention and premium targets

• Build and maintain strong broker and client relationships through regular meetings, including inception, renewal and mid-term reviews

• Proactively work with brokers to identify and develop new business opportunities, including existing insured and uninsured prospects

• Resolve day-to-day policy and credit limit queries, ensuring policy operations run smoothly for clients and brokers

• Work within allocated authority levels, referring matters for approval where required in line with company authorisations

• Liaise with Risk Underwriting, Sales, Customer Relations, Claims, and technical and administrative support teams to ensure effective policy servicing

• Maintain accurate records of meetings, correspondence, decisions and action points, ensuring agreed actions are followed up promptly

• Support senior underwriters and managers with portfolio activity, departmental projects, IT developments, testing, training and occasional marketing activity

Skills and Experience Specification:

Essential:

• Level 3 qualifications (A Levels, CII Certificate etc) or equivalent professional experience.

• Minimum of 3 years’ experience in commercial underwriting, trade credit insurance or broking, including managing a portfolio and working with brokers or clients

• Strong understanding of trade credit insurance, including pricing, policy structures, risk assessment and portfolio management.

• Commercially aware, with the ability to balance client needs, broker relationships, risk appetite and profitability

• Confident using Microsoft Office applications, including Word, Excel, Outlook and Teams, with the ability to accurately maintain data and records.

• Strong communication and relationship-management skills, with the ability to engage confidently with brokers, clients and internal stakeholders

• Highly organised, self-motivated and able to manage competing priorities while working independently

• Strong written communication skills and a good level of numeracy, with the ability to interpret data and make sound underwriting decisions

• A full UK driving licence with maximum 3 points, and ability to travel regularly across the region as required

Desirable:

• Level 6 qualification (CII Advanced Diploma, Degree etc)

• Knowledge of the construction sector

• Knowledge of other specialist sectors relevant to trade credit insurance

• Export knowledge or experience supporting clients with international trade exposures

Please note: We reserve the right to close this advert early, dependant on number of suitable applications.

What We Offer

The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals.

The Tokio Marine HCC Group of companies is an equal opportunity employer.  Please visit www.tmhcc.com for more information about our companies.

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