Treaty Casualty Underwriter

 

 

 

 

 

Job Description

JOB TITLE:

Underwriter

DEPARTMENT:

Brit Global Specialty

JOB HOLDER:

 

REPORTS TO:

Jehangir Kadan

 

Purpose of the Job:

 

To underwrite business for Brit Global Specialty with the aim to develop business opportunities within

the general, commercial insurance markets.

To enhance earnings through a strong mix of specialist risk taking and investment skills combined with a

distribution capability, to build a strong business profile as the leading company in our sector.

 

Budget and Headcount Information:

 

• General - To escalate to the Class Underwriter all Human Resources performance or any other

personnel issues in line with Human Resources Policies.

• To undertake and submit performance reviews (where appropriate) for the team within the timescale

agreed with Human Resources.

• Training & Development - In liaison with the Class Underwriter ensure that the development needs of

the team are met.

 

Principal Accountabilities:

 

Business Planning

• Preparation - To support the Class Underwriter in the preparation of the Business Plan as required.

• Maintenance - To ensure that the business plan is maintained in line with the Key Performance

Indicator’s as established by the Underwriting Committee.

• Strategy - To Understand and ensure that the strategy is fully supported within the Underwriter

Role.

• Report & Accounts - To assist the Class Underwriter with preparation of data for inclusion in the

company report and accounts.

 

Underwriting

• Client Audits - Assist and support the Class Underwriter with Client Audits ensuring always that

changes implemented by the Class Underwriter are maintained.

• Key Relationships - Assist the Class Underwriter in developing key relationships at level equivalent

to Underwriter role with brokers etc.

• Capacity - Monitor the capacity so that the Class Underwriter can ensure that appropriate business

is being written.

• Evaluation and Control - Underwrite insurance and re-insurance risks in accordance with the

approved business plan, subject to individual authorisation levels, referring to the Class

Underwriter as appropriate.

• Business Development - To assist the Class Underwriter in the research and development of new

business.

• Peer review - To support the Class Underwriter and present own risks at Peer Review meetings

 

 

 

 

and to participate in discussions on risks written by other areas of division.

 

Compliance

• Recording & Reporting - Assist the Class Underwriter in ensuring that recording and reporting of

relevant information is done within regulatory boundaries.

• Regulatory Issues - Ensure that all risks are written within regulatory guidelines.

 

Decision Making Responsibilities:

 

Underwrite insurance and re-insurance risks in accordance with the approved business plan, subject to

individual authorisation levels, referring to the Class Underwriter as appropriate.

 

Regulatory Conduct Rules

 

1. Act with integrity.

2. Act with due skill, care and diligence.

3. Be open and co-operative with Lloyd’s, the FCA, the PRA, and other regulators.

4. Pay due regard to the interests of customers and treat them fairly.

5. Observe proper standards of market conduct.

 

Education, Qualifications, Knowledge, Skills and Experience:

 

• ACII qualified (preferable)

• To have a minimum degree education (preferable)

• Thorough knowledge and experience of underwriting within the relevant market.

• Up to date understanding of market compliance and regulatory requirements for this class.

• Familiarity of Brokers within the market, and the ability to establish and maintain good working

relationships.

• Sound IT skills, particularly the use of MS Office packages to intermediate level

• Strong numerical and literacy skills.

• Good leadership skills, with the ability to train, mentor and oversee a small team of Underwriting

assistant staff.

• The ability to research and collate various information sources, to enable the timely preparation of

reports.

• The ability to independently prioritise tasks and meet tight deadlines.

• Experience of analysing trends and shifts within the market and relevant class of business and

reporting and acting upon findings where necessary.

 

 

 

 

As a term of your employment you may be required to undertake such other duties as may reasonably be

required of you in the post and department mentioned above.

 

 

 

Signed by the candidate…………………………………….

 

Name …………………………………….. Dated …………………………….