Working hours: 35 hours per week, Monday to Friday

Duration: Permanent

Location: London, Gloucester or Birmingham considered

Job ref: 200408

About the role

This is a new role designed to support a small Group Underwriting team and specifically the Group Casualty Director.

The Group Underwriting team provides oversight and expertise to underwriting portfolios within the UK, Ireland, Canada and Australia and is expanding to provide all countries with greater support for financial lines and general liability business.

We are seeking an underwriter who will already have received significant training and will be competent in most aspects of financial lines/liability business – See below.

The role will be based in the UK and will include an element of work for the UK underwriting team alongside the Group Underwriting work. Some travel to Ireland, Canada and Australia will be required.

Key responsibilities

• Case referrals both within own authority and reviewing on behalf of the Group Casualty Director;
• Helping to build underwriting capability in the Regional portfolios. Including producing the materials for underwriter calibration training and other similar work, including assisting with delivery;
• Provision of underwriting guidance – including writing of underwriting guides and other training aides for all portfolios;
• Assistance to Group pricing in providing underwriters with pricing tools that meet their needs and which can price risks by suitably differentiating hazard and exposure;
• Assistance with Policy wording review and drafting for all portfolios;
• Assistance in country audits either through being an additional auditor, or providing support in the report writing and tracking of audit actions through to completion;
  
• Regular review of and providing a summary, of regional performance data to complement what is received from the Regional portfolios. Including investigating any areas of interest or concern that we, or they, might identify;
• Involvement in project work. (New pricing models, deep dives into specific areas of cover, consideration of new lines of business or elements of cover etc.)
• Assistance in drafting Group Appetite statements, Underwriting Authority
• Agreements, Underwriting Guidelines and other documents;
• Provision of specific help to Regional portfolios on subjects where they require external assistance and additional

Knowledge, skills and experience

• Individual with a broad experience of different types of casualty (liability and financial lines) risks;
  
• Will have developed underwriting skills through practical case underwriting and is confident trading within their own capability;
• Preferably has a solid background in financial lines but also has good knowledge of other general liability classes. Knowledge and experience in Med Mal/Treatment risks, PSA and Cyber would all be advantageous;
• Some portfolio management skills would be preferable but not essential if the underwriting skills meet the required level.

What we offer

• A competitive salary - Let's discuss it
• Flexible working 
• Competitive Group Personal Pension - up to 12% employer contribution
• Annual Bonus scheme up to 30%
• 28 days annual leave plus bank holidays 
• A holiday buy and sell scheme 
• An array of health and wellbeing benefits, including private healthcare, income protection and life assurance

About us

We are a unique financial services organisation, owned by a registered charity, Benefact Trust. We are a financially secure, professional and award-winning organisation. We pride ourselves in donating a significant proportion of our profits to good causes. To find out more about us and our fantastic achievements please visit https://benefactgroup.com/

Committed to making a difference

We think that people are looking for something worthwhile in a company beyond the workplace. Our employees are encouraged to take at least one day a year to help a charity of their choice, offering practical and professional support, as part of our MyGiving programme.

Our staff know how to work hard but also how to enjoy themselves! We pride ourselves on creating an appropriate work-life balance, valuing wellbeing, flexibility and being part of a team.