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Senior Underwriter - Financial Lines

Posted: 01/12/25
Recruiter:HDI
Reference:3037818400
Type:Permanent
Salary:£60,000 - £80,000 Annual
Location:London
Description:

HDI is a Corporate & Specialty Insurer part of the Talanx Group. With over 120 years of experience, HDI operates across five continents, around 40 countries and employs over 5,000 people worldwide.

The role
  • To underwrite Financial Lines business and develop lead market capabilities in accordance with underwriting guidelines and business plan.
  • To externally promote HDI to broking houses, creating a network of supporting brokers providing client opportunities within appetite and also respond and develop new opportunities as they are presented.
  • To consider opportunities to innovate with trusted broker partners and when identified build the business case for sponsorship.
  • To develop the branch capabilities to write profitable Financial Lines business.
Key accountabilities
  • Work collaboratively on developing and maintain pricing tools for the FI lines of business
  • Underwrite within guidelines and strategy to execute the development of a balanced portfolio
  • Monitor and report back on the balance of the portfolio and any deviation from plan
  • Maintain and interpret management information, provide suggestions on any strategic changes and identification of trends that may affect adversely or positively the account
  • Assist Head of Financial Lines with strategy, planning and forecasting for the Financial Institutions portfolio
  • Promote HDI externally to enhance brand reputation and become a recognised lead market in this sector
  • Develop a trusted broker network to provide business opportunities, establish HDI as a viable primary lead and excess alternative market for FI business and promote HDI externally to clients
  • Internally create a network that can support the FI mandate and business plan, working with legal, compliance, actuarial and claims to provide the necessary support for these product lines
  • Identify and enhance the quality and value of processes for your area of work
  • End to end project management for functional projects and contribute to any Branch wide projects
  • Establish themselves as the product specialist for FI, mentor and train more junior or non-product specific underwriters about the coverage, risk selection and market
  • Identify skills gaps and training requirements of the team.
  • Design, implement and maintain process controls to ensure the quality of the output for your area within the function.
  • Ensure documentation of the processes and output is accurate, up-to-date and accessible
  • Adhere to all Local and Group guidelines
  • Support all other functional activities as required
Skills & experience
  • Well established market underwriter with a detailed understanding of the product and market within Financial Lines
  • Understanding of the inputs required to create technical pricing and able to contribute to the development and refinement of underwriting tools
  • Established connections within the Financial Lines market to access the desired business partners and the identified client base
  • Experience in writing to a balanced portfolio and deep understanding of line size management and risk selection
  • Strong team ethic and self-motivating character
  • Desire to aid the development of more junior members of the team and demonstrate best practice
  • Calm and considered judgement even during peak trading periods

We are also open to considering candidates for an Underwriter level position.

Other

As an equal opportunities employer, we are committed to creating an inclusive environment for all employees, recognising that a diverse and inclusive workplace is a creative and prosperous one.

If you require support with your application, please contact UK&

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