Underwriter

Introduction

At Pen we dont just underwrite risk we unlock possibility.Whether youre shaping new products solving complex problems or collaborating across teams your ideas and initiative will help deliver smarter solutions for our clientsand move the industry forward. Here agility meets stability. Creativity meets execution. And your career meets real opportunity. At Pen we champion innovation value accountability and thrive on building something better together. If youre looking to join a team thats rewriting the future of underwriting wed love to hear from you.

Overview

As an Underwriter for Bristol Underwriting Management a division of Pen Underwriting you will be responsible for adding to the sustainable growth of the Professional Indemnity book by delivering profitable premium and conversion growth across the business and contributing in developing and implementation of the underwriting strategy.

You will help drive the strategic planning/direction of the business and its products. You will also be responsible for interacting and collaborating with colleagues internally and building relationships with new brokers as well as maintaining and improving existing broker relationships and partner insurers.

How youll make an impact

• Underwrite and assess risk adhering to the underwriting philosophy rules and guidelines use of rating tools and pricing methodologies and documentation standards to maximise business growth and profitability.
• Actively participates in seeking new business opportunities within existing relationships and within the wider insurance market.
• Engaging with brokers in servicing and renewal of the existing book that supports underwriting strategy consistent with business growth and target loss ratio.
• Taking underwriting referrals providing expert underwriting guidance coaching and mentoring to less experienced underwriters - helping them build product specific knowledge and sales skills amongst underwriters to ensure the profitability and sustainability of the portfolio.
• Develop and maintain strong broker relationships across the regions and contributing to the teams goal of writing a sustainable portfolio of professional indemnity business
• Develop and leverage productive relationship within other departments to Collaborate with cross-functional teams to optimise processes and enhance overall efficiency.
• Actively participate in regularly scheduled strategy Sales and underwriting meetings.
• Analyse market trends competitor activities and regulatory changes to identify opportunities and threats.
• Perform other duties and projects as assigned.

About you

• Underwriting experience required
• Professional Indemnity experience required
• Chartered Insurance Institute (CII) Certification preferred.
• Working knowledge of the insurance marketplace.
• Demonstrates an ability and desire to learn about the enterprise and business unit critical business issues and financial drivers.
• General knowledge of organisational and regulatory rules policies and procedures and effectively employs that knowledge in day-to-day work activities.
• Demonstrates basic ability in the areas of customer focus and positive broker interaction.
• Basic analytical thinking/financial acumen.
• Identifies current or future problems or opportunities analyses synthesises and compares information to understand issues identifies cause/effect relationships and explores alternatives to support sound decision making.

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Compensation and benefits

On top of a competitive salary great teams and exciting career opportunities we also offer a wide range of benefits.

Below are the minimum core benefits youll get depending on your job level these benefits may improve:

• Minimum of 25 days holiday plus bank holidays and the option to buy extra days
• Defined contribution pension scheme which Gallagher will also contribute to
• Life insurance which will pay 4x your basic annual salary which you can top-up to 10x
• Income protection well cover up to 50% of your annual income with options to top up
• Health cash plan or Private medical insurance

Other benefits include:

• Three fully paid volunteering days per year
• Employee Stock Purchase plan offering company shares at a discount
• Share incentive plan HMRC approved tax effective stock purchase plan
• Critical illness cover
• Discounted gym membership with over 3000 gyms nationally
• Season ticket loan
• Access to a discounted voucher portal to save money on your weekly shop or next big purchase
• Emergency back-up family care
• And many more

We value inclusion and diversity

Inclusion and diversity (I&D) is a core part of our business and its embedded into the fabric of our organisation. For more than 95 years Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees diverse identities experiences and talents allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms we live out The Gallagher Way to its fullest.

Gallagher is Disability Confident Committed. We have pledged to make sure our recruitment process is inclusive and accessible in addition to supporting our existing employees with any long-term health conditions or disabilities.

We understand that applicants may have disabilities if you do you may find some parts of the recruitment process more challenging than others. Dont worry were here to help however we can only do this if you let us know.

Should you require reasonable adjustments to your application please get in touch with . If youd prefer to speak on the phone please request a call back leaving details so we get in touch.

Our employing entity Arthur J. Gallagher Services (UK) Limited is proud to be accredited as a Living Wage employer with the Living Wage Foundation. We are committed to diversity and opportunity for all and are opposed to any form of less favourable treatment on the grounds of gender or gender identity marital status civil partnership status parental status race ethnicity colour nationality disability sexual orientation religion/ belief age and those with caring responsibilities.

Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers employees vendors or customers based on race color religion creed gender (including pregnancy status) sexual orientation gender identity (which includes transgender and other gender non-conforming individuals) gender expression hair expression marital status parental status age national origin ancestry disability medical condition genetic information veteran or military status citizenship status or any other characteristic protected (herein referred to as protected characteristics) by applicable federal state or local laws.

Equal employment opportunity will be extended in all aspects of the employer-employee relationship including but not limited to recruitment hiring training promotion transfer demotion compensation benefits layoff and addition Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability unless the accommodation would impose an undue hardship on the operation of our business.

Employment Type : Full-Time
Experience: years
Vacancy: 1