Development Underwriter - Technology & Med Tech

Travelers Companies, Inc.; Birmingham; On-site; GBP 35,000 - 55,000; Full time

Job summary

A leading insurance firm in Birmingham seeks an experienced Underwriter to manage and grow a portfolio of insurance accounts. The ideal candidate will have a strong background in underwriting, excellent communication skills, and the ability to negotiate effectively with brokers. Responsibilities include managing profitability, building relationships, and collaborating with the sales team. A Levels or similar qualification is required. This position may require travel for meetings.

Qualifications

• Must have good knowledge of the local insurance market.
• Ability to negotiate effectively with brokers.
• Willingness to travel for meetings.

Responsibilities

• Manage the profitability, growth, and retention of a book of business.
• Underwrite and negotiate risks to minimize risk and maximize profitability.
• Cultivate and maintain relationships with brokers.
• Train and mentor less experienced underwriters.

Skills

Good knowledge of products

Critical thinking skills

Strong negotiation skills

Communication skills

Analytical skills

Education

A Levels or similar qualification

Job description

* Manage the profitability, growth, and retention of an assigned book of business comprised of routine to moderately complex accounts across most of our products.* Underwrite and skillfully negotiate moderate risks to minimise risk and maximise profitability, including Mid Term Adjustments (MTAs).* Proactively manage your portfolio, ensuring key performance indicators are consistently achieved and you actively target new business and retention.* Identify and take corrective action in collaboration with your Manager / Team on individual risk characteristics identified through Portfolio Management.* Identify and capture opportunities to write additional lines of business using knowledge of products, risk characteristics and appetite.* Proactively utilise various technology platforms to quote and bind risk efficiently.* Provide input and support the presentation of Underwriting Reviews for individual policies or portfolios and manage action points.* Cultivate and maintain relationships with internal partners within the business unit and across the enterprise to identify cross-selling opportunities.* Foster and maintain relationships with brokers by phone, email or other communication channels to market and sell Travelers products with a goal of writing and retaining accounts consistent with our risk appetite. Must be able to travel to meetings.* Develop and execute pipeline plans and support the renewal team in the retention of business that aligns with the team’s sales plans to drive success working in partnership with the sales team.* Train and mentor less experienced underwriters.* Support and collaboration for more junior members of the team, including referrals* Perform other duties as assigned.* A Levels or similar qualification.* Knowledge: Good knowledge of products, the regulatory environment, and the local insurance market.* Analytical/Critical thinking: Good critical thinking skills with the ability to underwrite, market products, identify financial challenges, and analyse available information to make decisions in alignment with our risk appetite.* Communication/Influence: Communication skills with the ability to successfully negotiate with brokers.* Inclusion: Ability to work with people from different backgrounds, experiences, cultures, races, etc. and views those differences as assets to be leveraged to accomplish business goals and objectives.* Industry / Competitor Analysis: Review competitor press releases and industry trade press for helpful insights, linking key themes together.* Project Management: Participate in projects that involves analysis and the implementation of non-complex, routine business and regulatory changes relating to the enhancement, maintenance or introduction of new products.## **Employment Practices**Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.Travelers reserves the right to fill this position at a level above or below the level included in this posting.To learn more about our comprehensive benefit programs please visit .