Careers

Underwriter

Job description

The role of a Latent Defect Underwriter is to evaluate the risk on applications from clients and to use that information to set the scope of protection for insurance coverage. This post is based at our office in South Shields.

Key Duties

  • Risk Assessment: Evaluate complex applications by analysing construction methods, client profiles, and technical survey data.
  • Case Management: Underwrite risks for projects up to £20M, managing new quotation enquiries and mid-term adjustments.
  • Premium Calculation: In accordance with our Binding Agreement, set competitive premiums and apply precise terms and conditions.
  • Collaboration: Act as a central point of contact for Brokers and Account Executives.
  • Departmental Support: Assist the Underwriting Director in daily operations and help mentor team members to foster growth.
  • Data Integrity: Ensure all risk details and underwriting rationales are accurately captured in our advanced in-house IT systems.

Knowledge, Skills and Experience

Essential Criteria:

  • A sound understanding of Underwriting Principals and general insurance market
  • Knowledge of FCA Regulation
  • Proven experience and knowledge of underwriting, customer service and risk analysis skills
Desirable Criteria:
  • Latent defect underwriting experience or knowledge of the construction industry
  • A good level of numerical and verbal reasoning skills
  • Have a strong decision making ability
  • Excellent organisational and prioritisation skills
  • Ability to effectively negotiate with internal customers
  • Be resilient and have the ability to work under pressure
  • Ability to analyse data and use for decision making
  • Understanding of complaints procedure within the insurance industry
  • Have a positive and enthusiastic attitude

As part of the ICW Group everyone is:

  • expected to behave and act in a way which promotes and contributes to the overall aims, values and ethos of the Company.
  • required to participate in regular training and other learning activities, including 1-1s and appraisal as required by the Company’s policies and procedures.
  • required to participate in any relevant current and new legislative and regulatory activities as may occur.

To apply for this role please complete the form on this page.

Please note that by submitting your information you agree to ICW contacting you in relation to your application.