• Commercial Schemes Underwriter

    Job Ref
    Closing Date
    Advertised Range (External)
    Competitive plus benefits
    Permanent Full-Time
    Location : City
  • Job Purpose

    Commercial Schemes Underwriter: As the Commercial Schemes Underwriter you’ll have the opportunity of further extending our footprint in the market by leading on a number of projects that will shape the quality of our service. Some of these are niche schemes and others have a GWP value up to £100m.



    The Commercial Schemes team work in partnership with clients to make the most of every scheme opportunity whether it’s working with us as a panel insurer, or on an individual basis we listen to what they need, design something to suit their needs and believe that by making the Ageas team an addition to their business, we help in making the most of this area of great potential. This means being excellent at improving the Commercial Schemes profile by partnering the business both externally and with internal stakeholders across a number of functions and UK locations.


    Here are some of the accountabilities of the Commercial Schemes Underwriter role:

    • Ownership of scheme management including the monitoring, review and analysis of Schemes to support maximising the proposition to deliver optimum GWP and profitability.
    • Proactively review and undertake detailed analysis for Scheme Partners and report effectively in terms of performance and make recommendations for appropriate adjustments to the account where required.
    • Provide an exceptional service to our Scheme Partners by fully understanding their requirements and applying the correct solution for both parties.
    • Working with the Senior Underwriter forge close professional working relationships with your schemes and internal stakeholders to ensure successful retention and growth of new and existing schemes in conjunction with the Business Account Executives.
    • Involved in the implementation and development of new scheme propositions including policy documentation, operational handling and processes, underwriting guidelines and authorities, bordereaux management, IT development requirements to ensure full and effective delivery.
    • Lead on organising and undertaking technical reviews and driving any actions to completion.
    • Handle technical referrals from less experienced colleagues in order that business can be dealt with effectively within correct authority levels and in doing so coaching colleagues to broaden their understanding and ability.

    To be successful in being considered for the Commercial Schemes Underwriter you need:

    • A minimum of ACII/Diploma or similar level of technical insurance qualification or actively working towards it.
    • Have great relationship management or business partnering experience. You’ll be skilful in communicating difficult messages, in negotiating and in using your technical commercial insurance expertise to bring about the best outcome for the client and the business.
    • Have great organisational skills and experience of managing multiple projects simultaneously.
    • Be smart when it comes to numeracy, particularly when analysing scheme financials, underwriting and reporting data.
    • Be an expert when it comes to assessing technical risk, applying regulatory requirements within the commercial insurance sphere, or in making decisions within your authority on all aspects of the products you handle.
    • Skilled in underwriting experience in property, pecuniary and liability classes of insurance. It’s a plus if you have experience in Personal Accident, Goods in transit and Fidelity Guarantee.
    • You’ll be proficient in policy and endorsement wording reviews and have a high competency of using Excel to manipulate data that drives informed decisions.

    Here are some of the benefits you can enjoy in this Commercial Schemes Underwriter opportunity :

    A comprehensive range of flexible benefit options such as a company pension, 25 days’ holiday (rising to 27 days after 3 years) with the ability to buy an additional 5 days, a car lease option, health and dental plans, life assurance of 4 x salary with the option to flex up or down, and a discretionary annual bonus. Our employees also enjoy discounts with a wide range of retailers & gyms.


    About #Ageas UK

    We're a leading provider of award-winning insurance solutions in the UK, distributing our Personal and Commercial insurance products through brokers, intermediaries, affinity partners and the internet.  We have two consumer brands – Back Me Up and RIAS – and partner with some of the nation’s most well-known brands, such as John Lewis, Age UK, Toyota, Virgin Money and General Motors.  We’re also partners in Tesco Underwriting, providing home and motor insurance to Tesco Bank customers.  Insuring around five million customers and working with a range of partners, Ageas are recognised for delivering consistent and high-quality customer experiences. We employ around 4,000 people in UK based offices in Manchester, Stoke, Gloucester, Portsmouth, Bournemouth, Eastleigh and London.


    Click on the apply button to be considered for this Commercial Schemes Underwriter opportunity.




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