Underwriter
Location
Wimbledon
Department
Statistics and Underwriting
Job Title
Underwriter
Type of position
Permanent
Job number
FWJ20308
About the Job
To develop, agree and implement the Board’s strategies with regard to the pricing, profitability and statistics of the Group’s warranty business.
Tasks
- Quote prices, including terms and conditions, for all new and renewal warranty business (insurance policies and service contracts) in the U.K. and the rest of Europe (subject to limits of authority - levels to be agreed).
- Maintain and maximise warranty business profitability (risk premium, administration fee & marketing budget) in line with budget and pricing principles.
- Monitor and report on Pet Protect underwriting results and provide recommendations for a pet rating system and reporting suite.
- Maintain and enhance underwriting budget process on Adaytum.
- Monitor and report on scheme profitability (risk premium, administration fee & marketing budget) on monthly basis.
- Identify underwriting trends and recommend remedial action where necessary.
- Maintain a disciplined and structured underwriting / pricing policy.
- Input and maintenance of rates on AS400 mainframe
- Develop team / department members to take a full and responsible part in supporting and developing the Underwriting & Statistics function.
- New product rating and modelling (home emergency, pets, motor, etc
- Review and agree contract and policy / plan wordings.
- Review internal controls and outline key business risks and high level controls which are in place.
- Establish close working relationship with Business Analyst Group and I.T to utilise AS400 mainframe to automate and enhance reporting procedures where possible.
- Work closely with Directors / Managers / Operational team to ensure service levels are met and to maintain market leadership.
Benefits
You will enjoy a full range of benefits including 22 days annual leave (pro-rata), training and development, employee discounts and an interest free season ticket loan.
Closing date
Not Applicable.
How to apply
If you are interested in this position please send a covering letter explaining why you feel you are suitable for this role together with a copy of your up to date CV to
Marryam Qazi, Human Resources Administrator, Domestic & General Group Limited, Swan Court, 11 Worple Road, Wimbledon, London SW19 4JS. Alternatively you can email your application to marryam.qazi@domgen.com.
NO AGENCIES.