Personal Lines Underwriter

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WFH - Dublin or Galway all as options

  • CIP qualified
  • 5 years personal lines underwriting experience a MUST
Personal Lines Underwriter  Underwriter
     Business Function: Technical
    
Purpose of the role:
This role will have responsibility for technical pricing and underwriting support, ensuring that products across all business lines are appropriately priced. Defining technical controls and risk acceptance criteria that are aligned to the business strategy regarding profitability and growth.
    
Key Deliverables:
  • Deliver competitive pricing terms & conditions that will fully support all new business and retention targets whilst delivering the required financial returns including agreed Claims Loss Ratio.
·       Produce pricing recommendations for existing schemes pricing to ensure profitability
·       Producing profitability analysis and pricing/underwriting budget & forecasting models.
·       To develop and maintain Policy Wording documentation for direct and business partners.
·       To support the business with amendments to policy wordings following regulatory updates
·       Implement and control the underwriting referral process for cover acceptance and pricing
  • Develop analytical projections based on pricing best practice to predict how insurer price changes will impact the business performance in future months
  • Ensure product is clearly structured and meet the relevant KPIs to reflect the business strategy.
  • Define technical controls including risk acceptance criteria in relation to products across multiple channels.  Ensure correct implementation into systems.
  • Ensure adherence to the product governance framework. Considering customer outcomes, profitability and commercial strategy in the business.
  • Produce and maintain a product database to ensure that information can be utilised for pricing, commercial, client and operational requirements.
  • Ensure adherence and contribution to the Product Catalogue rules and governance.
  • Remain up to date with market, regulatory and product knowledge
  • Ensure that product documentation is appropriately reflected and managed accordingly with issuing systems. 
  • Ensure effective change management controls and robust process for IT and Operational implementation.
  • To ensure that all regulatory guidelines are adhered to.
  • You are required to manage the key risks within your role.
  • To ensure that you conduct your role in accordance with the Anti-Corruption and Fraud Policy (to act honestly and with integrity) and to report any suspected incidents of fraud and corruption.
  • To adhere to all Company Policies and Procedures.
·       To undertake any other duty or responsibility that may reasonably be allocated by your Manager/ Management Team.
 
This is not an exhaustive list and we expect the person to demonstrate their individuality & innovativeness and use any particular skill as the need arises.
 
    
Company Competencies:
  • Customer Focus
  • Commitment
  • Innovation
  • Teamwork
  • Analytical Thinking
  • Analysis and Decision Making
  • Quality Orientated
 
 
Critical Competencies:
  • Communication/Influence
  • Customer/Market Perspective
  • Drive for Results
  • Innovation and Change
  • Living/Building the Brand
  • People and Capability
  • Problem Solving/Decision Making
  • Relationship/Partnership Approach
 
    
Experience/Technical Knowledge:
  • Experience of previously working in the General Insurance market as an Underwriter or personal lines broker
  • Strong experience of utilising risk and price optimisation models is essential.
    
Other significant Role Requirements:
  • Advanced Excel skills with the ability to manipulate data using formulae.
  • Good statistical skills to analyse trends.
·       Basic Qlik report development and/or demonstrable experience to other relevant systems would be desirable.
  • Strong analytical, numerical and problem solving skills.
  • Excellent attention to detail.
  • Good planning and organisation skills in order to meet timescales.
  • Excellent interpersonal and communication skills including presentational (verbal and written).
  • Ability to manage high volume workflows and effectively utilise tools for reporting and measuring performance. 
  • Ability to identify issues and drive action plans to remedy performance issues.
  • Ability to interact with all levels of seniority, both internal & external.