Evolving Environment
Development Opportunities
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Underwriter - Power

Salary Competitive
Location London
Mergefield Title {Mergefield Value}
Mergefield Title {Mergefield Value}

This is a {Advertised Permanent / Temporary}, {Advertised Full Time / Part Time} vacancy that will close in {x} days at {xx:xx} BST.

The Vacancy

Position Summary

 

We are seeking to hire a Power Underwriter to join our Lloyd's Natural Resources team.  This role will report into a newly appointed Class Manager for Power.

 

The role is responsible for underwriting risks in a power book of business. Works within limited authority on assignments of moderate technical complexity.  Utilises underwriting policies and guidelines, rating manual rules and insurance laws and regulations.

 

Key Responsibilities

 

Reviews applications and financial requirements for risks requiring technical underwriting skills.

Determines acceptability of risk in accordance with company guidelines and standards.

 

  • Recommends appropriate pricing and coverage modifications or enhancements for risks after complete analysis and consideration of applicant documentation, business factors and competitive situations.
  • Prepares quotations and answers questions from Brokers, internal and external contacts and escalates issues as necessary.
  • Prepares written communications on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations. Where appropriate, verbally notifies Brokers of decisions in order to ensure clear understanding of the decision.
  • Analyses quality, quantity, and profitability of risks underwritten and prepares reports for management review.
  • Assist in marketing products and services through the brokerage community and make field visits.
  • Develop and maintain positive Broker relationships.
  • Maintains current knowledge on state/territory issues, regulations and trends.
  • Work with more senior underwriters or management on risks exceeding authority level or requiring special handling.
  • Develop proficiency in all relevant CNA systems.
  • May update the underwriting systems.
  • May perform additional duties as assigned.

 

Skills, & Experience

 

  • A  minimum of 5 years experience from either an underwriting or broker background
  • Advanced knowledge of the power products and market
  • Knowledge of underwriting and insurance industry theories and practices.
  • Developing technical expertise and negotiation skills.
  • Strong interpersonal and communication skills.
  • Ability to effectively interact with peer level CNA internal and external business partners.
  • Ability to work independently.
  • Strong analytical and problem solving skills
  • Ability to exercise independent judgment and make sound business decisions effectively.
  • Strong knowledge of Microsoft Office Suite as well as other business-related software.

 

 

The Company

CNA Hardy is a leading specialist commercial insurance provider for clients within the Lloyd’s and company markets. We offer a highly specialised and comprehensive portfolio of innovative and market leading products. Coverage is available to businesses of all sizes for domestic, international and global exposures.

Working Here

It’s an evolving environment and a place where employees voices are heard and have numerous opportunities to make a difference.

We are dedicated to providing an open and inclusive workplace where our employees can grow and thrive.

Employees receive continuous support and development opportunities.

We support charities and are involved in community initiatives and volunteering programmes.

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