Commercial Underwriter - Legal Indemnity

  • Location

    Glasgow

  • Sector:

    General Insurance

  • Job type:

    Permanent

  • Salary:

    £40000.00 - £55000.00 per annum

  • Contact:

    Teri Mortier

  • Contact email:

    tmortier@mbfitzgerald.co.uk

  • Job ref:

    BBBH3023_1625052302

  • Published:

    about 1 month ago

  • Expiry date:

    2021-07-30

  • Startdate:

    ASAP

  • Consultant:

    ConsultantDrop

Role - Commercial Underwriter - Legal Indemnity

We are looking for a Solicitor 2yrs post Qualified, with experience of Scottish Commercial and Residential Property law to work for this leading insurance company as their Commercial Underwriter. Training on Underwriting and Products will be provided.

Role purpose:

To underwrite high net worth commercial legal indemnity risks within agreed authority levels to achieve profitable growth in line with company's business plans. To build strong relationships with clients, solicitors, brokers and business units and market new products



Key Responsibilities

  • Review, evaluate and price cases by applying sound underwriting judgement and adhering to company policy and regulations within agreed authority limit
  • Negotiate and maximise business profitability by means of effective underwriting decisions and techniques with the goal of securing the transaction while appropriately managing risk to the company
  • Liaise with clients, solicitors and brokers in relation to insurance policies and resolve policy queries
  • Perform a range of duties such as underwriting the less straightforward risks, dealing with new enquiries and technical referrals, assisting with technical training and auditing, and the production and distribution of stats etc
  • Develop and maintain relationships with clients in line with the business plan to support the achievement of business objectives
  • Work with clients to determine their needs and provide solutions
  • Daily underwriting both residential and commercial risks, especially the less straightforward risks, dealing with new enquiries and pending matters
  • Maintain long-term profitable relationships and maximise opportunities with clients who produce or have the capability to produce high revenue
  • Positively promote the department and company as a whole in order to maximise brand leverage
  • Demonstrate in-depth knowledge of company product range and of policy coverage and discuss confidently with external and internal clients
  • Act as a technical referral point and coach less experienced members of staff, providing guidance on more complex issues and explaining appropriate course of action
  • Provide technical training and development to other team members and colleagues across the department to improve their knowledge and competence in their role
  • If required, manage a small team of junior staff
  • Understand regulatory environment and its requirements as it affects work and keep abreast of relevant changes in law
  • Account management of existing clients
  • Assist the Sales team as required in the development of relationship with clients and brokers through presentations/meetings/corporate events etc
  • Model Company Values in personal work behaviours, decision making, contributions and interpersonal interactions
  • Contribute to ongoing initiatives and projects as required
  • Continual development of industry / marketplace knowledge
  • Travel is a requirement of the role

Experience Required:

  • 2yrs post qualified Solicitor
  • Law or similar degree and/or insurance/legal professional qualification
  • Detailed knowledge of Scottish residential and commercial property law
  • Demonstrates detailed knowledge of defective title and it's market
  • Commercial awareness