Underwriter

Company overview:

Our producers answer their own phones and visit commercial clients in person. Most new business comes from referrals by existing clients.

About the role:

The Underwriter reviews and prices commercial insurance submissions from independent agents and decides what to write, and on what terms. Our team is spread across 11 countries. Headquarters is in London. Contract role, full-time hours, paid in USD at the end of each month. Core hours are 10:00 AM to 4:00 PM UK time. Please make sure you have a quiet place to work and a solid internet connection.

Key responsibilities:

• Mentor underwriting assistants and trainees
• Re-underwrite renewals for loss trends, exposure changes and rate adequacy
• Quote, bind and issue policies within your letter of authority
• Price accounts using rating tools in Guidewire PolicyCenter and underwriting judgment
• Work with loss control on recommendations and follow-up
• Visit agencies to build relationships and explain our appetite
• Review submissions for risk quality, completeness and appetite fit

Required qualifications:

• Strong judgment on risk selection and pricing
• Bachelor's degree in business, finance, risk management or a related field
• Experience reading loss runs, schedules and financial statements
• Clear written underwriting rationale
• Comfortable negotiating with agents

Preferred:

• Excel modelling for pricing

Perks and benefits:

Compensation: PKR 300,000 to PKR 360,000 a month

• Monthly internet allowance
• Monthly payments via wire transfer or Wise
• Annual rate review
• Paid time off

Please submit your CV in English.

Duration: 9 months. Start: Within 30 days.

Demo job created on 11jobs for testing and demonstrations. It is not an actual opening at Cotswold Mutual Insurance.