Commercial Underwriter Job Description Template
Our company is looking for a Commercial Underwriter to join our team.
Responsibilities:
- Support the Credit Risk Manager and Operations Manager when required;
- Assist and coach colleagues with technical and procedural aspects of underwriting;
- Supply underwriting and administration support as required;
- Investigating credit queries and passing them to customer services for follow up;
- Produce timely and accurate documentation;
- Actively encourage generation of profitable new business;
- Underwrite existing business profitability, accurately and in line with established Underwriting practice;
- Promote the business through a polite, helpful and willing attitude to all customers and colleagues;
- Analysing financial and customer data;
- Reviewing credit applications from Limited Companies and Sole Traders for finance up to £150,000;
- Complying with all regulatory and internal system controls;
- Maintain and develop business relationships with intermediaries.
Requirements:
- Excellent IT skills and be able to work with numerous inhouse systems and in a paperless environment;
- Strong analytical and technical underwriting experience;
- Be team focused;
- Have evidence of building and maintaining strong working relationships;
- Excellent sale / negotiation skills and excellent time management;
- Excellent risk assessment and risk management experience;
- Cert CII Qualification with DIP CII desirable;
- You will have strong market knowledge and be aware of trading issues;
- Sound knowledge and understanding of the commercial insurance market;
- Commercial Underwriting experience is essential;
- Experience of working in a targeted environment, be self-motivated and have proven sales / negotiation skills;
- Offering a genuinely responsive service to our brokers across our distribution channels & be able to work at speed when work flow dictates;
- Stay in sync with underwriting authority & quickly learn & apply the companies risk attitude & underwriting culture.