Average Commercial Underwriter salary in the UK

We are currently working with a boutique bridging lender based in South Manchester who are looking to bring in an additional 3 underwriters to their underwriting team. This business solely focus on bridging within commercial and residential buy to let. They are looking for someone who has experience within an asset based lending environment or someone who is open to learning about bridging functions within underwriting. Responsibilities: Assessing the risk attributed to the application and decide based on thisBuild successful working relationships with third parties such as solicitors and valuersUnderstand and assess the relevant supporting documentation such as credit reports, valuation reports and financial statements.Monitor and report fraudulent activity.Underwrite approved bridging loan applications. Whats on offer? Salary - £40k.WFH flexibility - 2 from home 3 in the office.Excellent pension and package.Training, development and CPD courses If you are open to opportunities please apply and we will be in contact as soon as possible. Due to the large number of applications we receive, we may not be able to respond to every applicant. If you have not heard from us within two weeks, please consider your application for the currently advertised position unsuccessful. However, we may contact you regarding other suitable roles. We want to emphasize that no wording in this advertisement is intended to discriminate based on gender, marital status, race, religion, ethnicity, age, disability, or sexual orientation. All candidates will be evaluated solely on their merits, qualifications, and ability to fulfil the responsibilities of the role. Recruitment Solutions (NW) LTD operates as an employment agency for both permanent recruitment and temporary placements.

Commercial Underwriter Purpose of Role/Job Overview: Commercial Combined/SME Underwriter business on a presentation basis Underwriting a high volume of Commerical Combined / SME enquiries, average premium is circa £3,000 with a potential to write up to a premium of £100,000. As a Commercial Underwriter, you will possess the ability to interpret policy / endorsement wordings and have experience in writing own or modifying existing wordings. Once trained it is expected that the position of Commercial Underwriter will be fairly autonomous, working to achieve personal underwriting targets. Commercial Underwriter Requirements: Must have a Minimum of 3 years’ Commercial Undewriting experience. Preferable Cert CII or part qualified. As a Commecial Underwriter, you must have experience of determining policy terms and calculate premiums in line with both in-house authority limits and insurer binding authority agreements. Demonstrate your contribution to loss ratio control by effectively adhering to Company's underwriting controls. To positively reinforce and display company values and to actively drive the business forward in achieving its objectives. Experience in writing high risk and hard to place business is desired but not necessary. Existing broker relationships that would support in this role is desired, but again not necessary. Commercial Underwriter Key Accountabilities Meeting and where possible, exceeding brokers service levels and expectations. Identifies cover and hazards that will impact on the acceptance, pricing, or terms applicable to a risk. Understands the impact of claims and risk management on the performance of a case and demonstrates an ability to review taking these factors into account. Build and maintain strong relationships with key trading partners to maximize influence. Support the development and operation of sales campaigns to drive the acquisition of profitable business. Other Activities, Duties and Responsibilities for Commerical / SME Underwriter: Maintain and develop market awareness. Maintain good working relationships with all internal departments. Maintain an open communication ethos with colleagues and managers. Demonstrate "model behaviours" Comply with all legal, regulatory, and contractual requirements to ensure obligations are met. Contribute to wider business activities. Operate within individual underwriting authorities and guidelines. Along with our client, we are committed to a diverse workforce and as such recruit from a wide available pool of talent, with the hiring, assessment and selection process being fair, free from bias and one which ensures the right person is selected for the job, based on merit. We treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances. A copy of our D&I policy can be made available upon request.

An opportunity for an experienced UK commercial underwriter to build and develop their career within an established insurance company based in the City of London. The underwriting department is a fast-paced and dynamic environment working with a network of broker partners and dua cover holders. Overview Underwrite a range of specialist commercial lines products within agreed limits.Proactively manage and develop relationships with broker partnersUnderwrite referrals from cover holders for risks that fall outside delegated authority limitsConduct cover holder reviews to ensure effective performance of schemes What you need to show Solid experience of underwriting UK commercial risks Outstanding communication and interpersonal skills combined with a proven track record of relationship managementStrong negotiating skills and abilities to empathise and influenceAbility to work independently and as part of a team while meeting set goals What is on offer Salary can range from £45,000 to £65,000, depending on skills set and level of expertisePermanent contract with benefits packageHybrid working optionsScope to progress and develop your career Ref ~ 9895 Interested? Please apply today and we will contact you by return. MW Appointments has been recruiting in the Insurance market since 1992, so you will benefit from partnering with a market leader who possess in-depth technical understanding, comprehensive market in-sight, excellent market intelligence and well-established relationships with companies across the insurance sector. MW Appointments is acting as an Employment Agency in relation to this vacancy.