Job Specifications
Job Title: Underwriter, Financial Lines (6 Month FTC)
Location: London/Hybrid (Typically 2/3 days in the office)
Type: Full time - Fixed Term (If you are a job share partnership, work reduced hours, or any other way of working flexibly, please do still get in touch)
At Globe Underwriting, we provide much more than just a workplace. We are dedicated to fostering skill development and knowledge within a team that is passionate about their work, values their Employees, and truly celebrates diversity.
Working at Globe Underwriting means you’ll be part of The Ardonagh Group. We are proud of our innovative environment offering many opportunities for growth across the wider group. Employees regularly move between our united teams, and we encourage you to make your role your own.
Our offices are lively and exciting places to be, but we understand that life needs flexibility, and offer a genuinely flexible approach to working. If you are looking to join a thriving, energetic business with exciting plans, this role could be an ideal fit for you.
What We Can Offer
We offer much more than just an inclusive culture with apprenticeships, study support, participation in our annual Spotlight Awards, Community Trust, Sports Teams, office socials, events and so much more. All of this with a supportive management team as well as working alongside some of the industry’s top talent.
You’ll have access to wellbeing programs, fantastic discounts across many big-name businesses including supermarkets, gym memberships, restaurants, and healthcare cash plans etc.
Further Perks Of Working With Us (Fixed Benefits)
Employer pension contribution of 10% (providing you, the Employee provides 5%).
Good work life balance - flexibility to suit you.
Competitive salary.
Life Assurance at X4 of your base salary.
Group Income Protection.
Generous Annual Leave entitlement.
Private Medical Insurance.
Group annual bonus scheme.
The purpose of the role is to work in the equinox Lectio team as an underwriter focusing on Financial Lines business to help deliver growth and expansion of this cross class underwriting facility.
Key Role Accountabilities
Daily tasks can include, but are not limited to:
Review risks and submissions received from the brokers to assess if the risk is in line with the criteria set out in the Delegated Underwriting Agreement (DUA).
Liaise with brokers to explain where these risks are outside of this scope and why we are declining
Send formal offers of lines on risks that are in scope, ensuring the line size is within those set out in the DUA, particularly across complex multi-layer programs
Checking firm order slips meet requirements and formally binding lines via PPL or Whitespace.
Review and agree or refer endorsements.
Send final slips for processing and, where required, aggregate teams for reporting to insurers.
Oversight and management of portfolio accumulation including contractual catastrophe aggregate limits.
Build good working relationships with the broking teams.
Build good working relationships with capacity providers.
Manage a team of Lectio underwriters and underwriting assistants.
Work with Head of Cross class to improve efficiency, particularly in processes specific to Marine and Energy
Participate in regular insurer meetings to review progress of the facility.
Participate in regular team meetings to:
Review our progress against targets
identify and suggest improvements for growth areas.
Option to participate in:
review of other data and reports if suitable
DUA renewal and endorsements throughout the year
Delivery of daily tasks in a timely and accurate manner.
Working compliantly with the Authority delegated by insurers
Qualifications & Experience
Minimum 2 years Insurance experience desired.
Familiar with the layout of the London MRC contract.
Experience with underwriting submissions.
Knowledge of Financial Lines insurance is desired
A-levels with GCSE (or equivalent) passes in Maths and English
High level proficiency in MS Outlook, Word and Excel – PowerPoint experience can be beneficial also.
Strong negotiation, influencing skills, analytical, verbal and written communication skills are valuable.
Person Specification
You should be comfortable working with employees at all organisational levels, and will be the contact person for Financial Lines business, and working with them to provide solutions for their clients.
The role will be hybrid, split between the office and working from home. As such you should have the ability to be self-motivated/disciplined.
Accuracy and attention to detail is critical as well as the ability to handle multiple priorities during busy periods.
You should be prepared to teach the junior team members features of Financial Lines classes and help them understand so they can develop and assist more with your when workloads required.
Think you don’t meet every requirement?
We are dedicated to creating a diverse, inclusive, and authentic workplace where everyone can t
About the Company
Globe Underwriting is a UK based managing general agent committed to providing world class underwriting services to insurance brokers across the world.
Our team of experts provide specialist products for a range of industries including:
- Political violence
- Terrorism
- Marine and transportation
- Cyber
- UK property
Globe Underwriting is owned by The Ardonagh Group, the largest independent insurance broker in the UK.
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