Average Commercial Underwriter salary in the UK

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.

Job Title: UnderwriterDepartment: Property InsurancePurpose of Role/Job Overview:To provide efficient, timely and professional support to the brokers for New Business and general enquiriesMust have experience in Property for the SME package policies and at least 2 years’ experience in the SME package policies sector.To achieve income and profit objectives through the new business team, determine policy terms and calculate premiums in line with authority levels.To positively reinforce and display the clients values and to actively drive the business forward in achieving its objectives.Key Accountabilities:Meeting and where possible, exceeding brokers service levels and expectations.Support wider teamIdentify 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 ResponsibilitiesMaintain 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.Knowledge: An understanding of the UK insurance marketA broad knowledge of SME Property owners and/or Commercial insuranceA thorough understanding of underwriting processesSkills/Abilities/ Competencies:Good communication and organizational skillsAbility to manage time effectively, set priorities and meet deadlinesAbility to learn and adapt to changeDesire/ability to work successfully in a small company environmentProven ability in developing key working relationships and business opportunitiesUnderstanding of good negotiation and decision- making skillsMarket knowledge of legal and regulatory requirements as well as technical proficiency on wordingsA strong level of numeracy, analytical and literacy skillsStrong organizational and prioritization skillsThe ability to influence actions and attitudes of others through leading by exampleAn understanding of the UK insurance marketA broad knowledge of SME Property owners and/or Commercial insuranceA thorough understanding of underwriting processesMinimum of 2 years relevant experience in the insurance industryA minimum of five GCSE’s (A*-C grades, to include Maths and English) or equivalentCERT CII, DIP CII or equivalentPersonal AttributesA friendly professional demeanour and ability to excel in a team-oriented environmentNatural at giving direction to and mentoring less experienced colleaguesDriven to go 'above and beyond’ to provide bestin class service to insurer and broker partnersAlong 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.

We’re partnering with a highly regarded insurance brokerage seeking an Underwriter to join their growing business in Brighton. This is an exciting opportunity for a driven individual who is looking to progress their career within a supportive environment.The RoleAssess and evaluate new and renewal commercial insurance applications.Negotiate premiums, terms, and conditions with brokers to secure business.Support the growth of the commercial portfolio through effective trading and business development.Maintain strong broker relationships, acting as a key point of contact for queries and negotiations.Ensure all underwriting activity complies with company policies, market standards, and FCA regulations.Keep accurate records of underwriting decisions and maintain up-to-date documentation.About YouPrevious experience underwriting Excellent communication Well-organised with the ability to manage a varied workload.Progress towards professional qualifications (CII/ACII) desirable.What’s on OfferBonus opportunities linked to performanceSupport for CII/ACII qualificationsPension and benefits packageCareer progression opportunities within a growing business