Underwriter

Lycetts Group; Newcastle upon Tyne; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A well-respected insurance brokerage is seeking an entry-level Underwriter to manage and expand their renewal portfolio. This role offers hybrid working options and numerous professional development opportunities. Ideal candidates will possess insurance industry knowledge and excellent communication skills. Join a growing team dedicated to supporting personal and commercial insurance needs, with a culture that values sustainability and charity.

Benefits

Competitive salary

Hybrid working after probation

5% pension contribution

Annual bonus scheme

Life assurance cover

25 days annual leave plus bank holidays

Career development opportunities

Employee assistance programme

Qualifications

• Previous experience in the insurance industry is essential.
• Clear communicator able to work within a team.
• Ability to build and manage productive relationships.

Responsibilities

• Manage and grow a renewal portfolio.
• Collaborate with broking teams for smooth renewals.
• Help establish new underwriting products.

Skills

Insurance industry knowledge

Communication skills

Team collaboration

Relationship management

Education

Cert CII qualification

Job description

Underwriter

Working hours: 35 hours per week, Monday to Friday.

Duration: Permanent.

Location: This role can be based from any one of our regional Lycetts offices, including Newcastle, Edinburgh, Norfolk, Oxfordshire, Ludlow, Yorkshire, Northamptonshire, Godalming (hybrid working: 2 days working from home per week available upon successful completion of probation).

About The Role

Lycetts Insurance Brokers, who are proudly part of Benefact Group, are looking for an Underwriter to join one of our regional offices. This is a fantastic opportunity to join Lycetts as an Underwriter within a growing team where you’ll play a key role in managing and expanding a renewal portfolio, while gaining exposure to diverse binders across multiple sectors. You’ll collaborate closely with brokers to streamline renewals, help shape new products, and build strong relationships with insurers and colleagues, all while providing expert advice that drives business success.

Why join us?

Join a collaborative and inclusive culture that’s committed to making a difference and building a more sustainable future. Ranked amongst the UK's top 50 Best Large Companies to Work For in 2024, we offer fantastic career and development opportunities within a rapidly growing, innovative Group — where all profits go to charity and good causes.

What You'll Be Doing

• Play a key role in managing and growing a developing renewal portfolio


• Opportunities to get involved in various binders across different sectors


• Working with our broking team to ensure a smooth renewal process, reviewing this where necessary


• Helping to establish new products within the underwriting team, building relationships with both insurers and our account executives/handlers


• Be part of a growing team


• Offering expert advice and solutions to our broking arm

What You'll Need To Have

• Previous insurance industry knowledge


• Clear communicator with the ability to work well in a team environment


• The ability to build and manage co-operative and productive relationships

What Makes You Stand Out

• Cert CII qualified

What we offer

• A competitive salary – let's discuss it


• Hybrid working available upon successful completion of probation


• Employer pension contribution of 5% rising to 10% after 5 years membership of the pension scheme


• Annual Bonus scheme (Discretionary based on individual and company performance)


• Life Assurance cover up to 4 x salary


• 25 days annual leave plus bank holidays (rising to 26 and 27 for 5 and 10 years’ service respectively)


• Career development opportunities with funded support and financial incentives for all professional qualifications


• An Employee Assistance Programme with a wide range of benefits helping employees to stay healthy and feel supported

Hear from the hiring manager

\"The Lycetts underwriting team is working to achieve something that is extremely rare in the broking world, separating delegated authority from the broking arm of the business, and in turn developing a centre for underwriting excellence. The centre for excellence will provide underwriters of all levels the opportunity to grow and expand both personally and commercially, whilst providing a close knit support network.\"

About Us

The Lycetts Group has over 60 years’ experience of providing a comprehensive range of insurance, risk management and financial advice to a broad cross-section of commercial and private clients. We strive to be a trusted adviser to our clients and are proud of our continued high client satisfaction scores. Benefact Group is a unique international financial services Group made up of over 30 businesses. We are owned by a charity and have been the 3rd largest UK corporate donor over a decade, having given away £250 million since 2014. We have ambitious plans to become the UK’s number one corporate donor, with strategic objectives in place to double the Group’s size. We believe it’s essential to attract, empower, grow and reward talented people, offering fantastic opportunities for career and personal development. Our giving ethos, 135-year history and the diversity of what we do, has enabled us to build a culture of kindness, great ambition, and of passionate people driven to do better and be better. At Benefact Group, we are committed to creating an inclusive culture and building an environment where each and every one of us feels valued and respected. We welcome applications from everyone.

Seniority Level

• Entry level

Employment Type

• Full-time

Job Function

• Finance and Sales

Industries

• Insurance