E-Trade Underwriter

Position: Underwriter / Assistant UnderwriterEmployment type: Full Time, PermanentLocation: LondonArea: E-TradeOur Underwriters are at the heart of everything we do, without them our business wouldn’t function.Reporting to the Senior Etrade Underwriter, you are a key member of the underwriting team, the individual will have a level of authority to make sound underwriting decisions, develop etrade products (reviewing conversion, referral and decline rates) and contribute thinking and output to operational delivery of the strategy.The individual will take responsibility for maintaining and building new business to profitably grow MS AISE and minimise loss exposure. The products the underwriter will be responsible for are commercial combined and shop package, plus assisting the wider team with property ow and our digital delegated authorities.About The JobWhat you’ll spend your time doing:Here’s a snapshot of some of the key parts of the job:Responding to online underwriting referrals in accordance with our appetite and guidelines – making sound, profitable long term decisions on risks that are written.Maintain and build effective relationships with existing and new clients through regular contact, demonstrating a clear understanding of their business and how we add value.Maintain strong, effective relationships with existing brokers, where appropriate seeking out new opportunities with existing and new brokers.Undertake analysis of new business referral, quote and conversion rates to identify business opportunities, ensuring a robust business case.Working with product development team to consistently improve the etrade products.Effectively represent self and class in external activities, groups and committees.Compliance and Risk ManagementConduct role in accordance with the Company’s Business Ethics policy and all regulated entities as appropriate.Manage the
location/market
so that is complies with relevant risk,
regulatory
and legal requirements and so that it complies with wider policies.Management InformationPlay an active role in the regular underwriting meetings•Review underwriting figures on a regular basis in order that unusual trends and / or adverse movements may be dealt with by appropriate actionProduce a monthly report to show New Business & Renewal income, Conversion & Quotability % and summary including any product improvement suggestions.Act as a peer reviewer on all risks and material endorsement underwritten as necessaryRemain alert to developments affecting the business of the class, the potential profitability of the class and opportunities for the class, and to report on such matters, as appropriate, to leadership You’re going to enjoy this job if you also…Keen learner – working towards completion of CII accreditationPast experience within SME Non-Motor GI including eTrade UnderwritingDemonstrate understanding of MI and how this has a direct relationship to Etrade underwritingHigh attention to detail and accuracyAre a strong problem solverCompetent on using Microsoft ExcelWhat you’ll need:For this particular role there are some important qualifications and experience we need you to have. These include:Relevant knowledge and/or experience within Underwriting. Previous E-Trade is beneficial, but not essential.Ability to effectively influence and negotiate skillsSound financial and commercial acumenWhat you can expect from us:A competitive salary and benefits package is a given, but you can also expect:A great team and supportive colleaguesAn open mind (especially to new ideas and ways of doing things)A strong focus on diversity, inclusion and equal opportunitiesA programme of wellbeing and mental health supportContinuous learningStudy supportAbout Ms AmlinMS Amlin is part of a global top-10 insurance group, MS&AD. We’re made up of four distinct businesses covering global reinsurance, Lloyds franchise, local specialty insurer, and business services.This role sits within our European team (MS AISE) which specialises in etrade underwriting for Motor and Non-Motor within the UK Market.Conduct RulesWith the implementation of the SM&CR (Senior Managers & Certification Regime), the Financial Services and Markets Act gave the FCA new powers to write conduct rules and apply them to all employees within a firm. The Conduct Rules set basic standards of good personal conduct. They stipulate that you must:Act with integrityAct with due care, skill and diligenceBe open and co-operative with the FCA, PRA and other regulatorsPay due regard to the interests of customers and treat them fairlyObserve proper standards of market conductAbout UsWe know that to achieve our Vision of being the global reference point for quality in our markets, it is our people who will make the big difference.
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