Average Commercial Underwriter salary in Basildon

Commercial Property Underwriter Hybrid from their Basildon office (1- 2 days a week in the office) Salary: £60,000 to £70,000 p.a. + bonus + benefits Experienced commercial underwriter required for highly successful insurance group. You will be underwriting a mixed property portfolio of profitable renewals and new business on a day-to-day basis and assisting a brokers with the smooth running of existing policies. Duties:- Pro-actively managing renewals & new business quotes for a property/real estate book.Underwriting residential and commercial property/real estate risks within guidelines.Liaising with key stakeholders both internally and externally.Ensuring all documentations and systems are kept up to date and provided to supporting brokers in a timely manner.Actively engaging with brokers to ensure the company is their first port of call on new business enquiries.Ensuring SLA’s are met and timely issuance of documentation. Full funding available for any relevant professional qualifications taken and ongoing personal development. Requirements:- You will have 3 years’ experience successfully commercial underwriting experience including renewals and new business.A varied skill set that includes strong communication (both written and verbal), negotiation, analytical and IT skills.

Job Title: Senior Underwriter About the Senior Underwriter Role We are working closely with a long-established challenger who are looking to grow their fantastically performing team. They are looking the bring in a Credit Underwriter…. Reporting to the Head of Credit, this exciting opportunity is working with a fantastic company who really care about their employees, understand, and are committed to the market, and have implemented market leading broker systems to drive their growth. As Senior Underwriteryour responsibilities and duties will include: To evaluate, analyse, and approve credit proposals and revisions to underwrite structured finance deals and maintain the portfolio through a consistent level of credit risk assessment and ensure adherence to all policies and procedures.Provide commercially balanced recommendations to colleagues where new business applications are above the Senior Underwriter’s credit mandateAssist with the preparation of credit papers for submission to AL/Credit CommitteeTo be able to process high volumes of new business proposals and promote a high level of service to brokers, suppliers, and customers within strict time deadlinesTo assist the Head of Credit in the achievement of critical KPI’s for the asset finance sales support departmentTo maintain an awareness of and compliance with legal processes and statutory requirements in new business with reference to the Consumer Credit Act, Data Protection Act and Anti Money Laundering Procedures and Fraud.The role will require attending virtual and in person meetings with key brokers at Sales request as well as ensure regular contact on proposal with brokers to help make the difference through with positive discussion and negotiation on potential transactions as required.Ensure that online training and regulatory reading is completed on time About You If you are currently in a Credit role or are currently working as an Underwriter this is the ideal next step in your career Skills required for the Senior Underwriter role: At least 5 years’ proven experience in the Asset Finance sector in the capacity of working in a decision-making functionTo analysis a set of financial accounts, including assessing affordability, serviceability, and cash flow in proposals up to £1mStrong numeracy and literacy skills together with an excellent eye for detail Excellent administrative, organisational and communication skillsSelf-motivation and team player For more information about the Senior Underwriter role or to apply send your CV now.

Our client being an established MGA based in the Essex area is looking to recruit a Household Underwriter to work either on their renewals or new business team. Duties include: Identifying and writing profitable business in support of the Company’s achievements of its overall business objectives, also analysing risk in insurance proposals, determining policy terms and calculating premiums on the basis of actuarial, statistical and background information. Assessing standard and non-standard underwriting information. Offering appropriate quotations and acceptance of risks. Retention of existing broker base. Ensuring all underwriting is conducted within Authority limits. Reviewing referred claims. Responding to complaints in a timely and efficient manner. Maintaining regular contact with trading partners and acting professionally at all times. Ensuring that trading standards are being met. Liaising with Accounts Department to assist with collection of premiums. Monitoring and keeping up to date with technical and regulatory matters Complying with all company policies and procedures, including health and safety procedures.Carrying out any other functions deemed necessary by the Team Leader or Underwriting Manager for the effective operation of the department.