Commercial Underwriter - SME Leicester, United Kingdom

Reporting to:
Commercial Underwriting Manager
Position Type:
Permanent, 35 hours per week
Hybrid: (3 days in the office, 2 days working from home
)
Overview
:
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:
Underwriting credit insurance policies for all industry sectors including construction.
Key Responsibilities
:
Managing a portfolio of credit insurance SME policies
Attending virtual inception meetings, explaining policy operation to client and broker
Preparing renewal terms including presenting proposed terms to management for approval. Discussing terms with brokers and presenting and negotiating terms with clients to secure renewals to set targets. Attending virtual renewal meetings and entertaining clients and brokers as required
Assessing, pricing and structuring new business opportunities; using varied assessment tools, including claims ratio calculations, excess calculations, and a pricing model
Discussing terms with brokers; presenting and negotiating terms with brokers to secure policy recommendations
Developing broker relationships
Resolving day to day policy and credit limit issues
Virtual mid term meetings to develop relationship and ensure smooth operation of the policy
Working within allocated authority levels, based on skills and experience, and referring upwards beyond these levels to secure agreement within the company’s authorisations
Liaison with and training of internal team of technical and administrative support staff (UK based) who will provide support for the policy
Maintaining accurate records of meetings and correspondence including action points and ensuring all actions are promptly followed up
Assisting the Commercial Underwriters, Underwriting Managers & Underwriting Directors as required
Liaison with Risk Underwriting, Sales, Customer Relations & Claims Departments
Assisting with departmental specification for IT developments including assisting with testing and training of departmental staff
Undertaking occasional varied Marketing activities to highlight the Credit brand, demonstrating core strengths
Performance Objectives:
Underwriting a portfolio of existing Trade Credit business within a defined region or across defined portfolio sizes.
Building and maintaining relationships with specialist & general brokers along with clients. Working proactively to identify opportunities & maintaining a portfolio of policies in the defined area.
Assessing, pricing & structuring your portfolio of business, within Underwriting authorities.
Assisting in the overall portfolio profitability targets by underwriting profitable and renewable business
Skills and Experience Specification:
Educated to A Level standard including Maths and English GCSE grade 5 or equivalent
Experience within a financial services company of handling a portfolio of customers, ideally through an intermediary
Presentation and Negotiation skills
Excellent customer service and telephone skills
Able to work on own initiative and have high levels of self-motivation
Good standard of written English
Good level of numeracy
Educated to degree level or equivalent by experience
CII or ICM qualifications
Experience of managing a portfolio of insurance customers
Good understanding of credit insurance
Full driving license
Strong logic /mathematical skills
Fast learner and keen to acquire new skills
Company
Benefits
Free parking
Annual
discretionary
bonus
Private medical Insurance
10% non-contributory pension scheme
Wellbeing allowance - £50 p/m
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.
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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