
Property Underwriter
- Madrid
- Permanente
- Tiempo completo
- Contribute to the delivery of the annual business plan for the respective business unit by making appropriate decisions
- Apply the reinsurance strategy in order to safeguard the Property portfolio
- Participate in all relevant meetings in order to share and develop strategy, knowledge and best practice
- Positively promote the department, division and company as a whole in order to maximize brand leverage
- Perform underwriting activities in accordance with all legal and regulatory requirements to ensure obligations are met
- Adhere to underwriting standards, instructions and good practice to minimize risk and maximize efficiency
- Ensure the recording and measurement of insurance risks, (including DUA’s if relevant) to ensure accuracy and good practice
- Understand and comply with any reinsurance requirements to minimize risk and to deliver business plan objectives
- Establish, strengthen and develop relationships with stakeholders including customers, brokers, business partners and colleagues to maximize influence and achieve business objectives
- Demonstrate an understanding and awareness of market dynamics and market cycle to enhance business performance
- Maintain expertise and team knowledge through identifying appropriate learning and development activities
- Underwrite insurance risks in accordance with the business plan and the delegated underwriting authority to meet business objectives including: | Negotiating rates terms and conditions for existing and new business | Compliance of production and issue of contract certainty documentation (non Lloyds) | Ensuring compliance with internal and external regulations and guidelines | Ensuring contribution to the business plan and objectives | Support credit control in payment collection
- Participate in the review and analysis of the portfolio to identify progress toward business objectives
- Ensure entries are properly and promptly recorded on EO systems to ensure accuracy of data in relation to: | Underwriting | Aggregate exposures
- Contribute to the aggregate management and peer review processes to encourage and develop excellence
- Motivate and coach team members to ensure the relevant knowledge and expertise is shared for their continuing personal and professional development
- 4 to 5 years of experience in Property risk underwriting
- A high level of numeracy and literacy
- Proven organizational, prioritisation and analytical skills
- Demonstrable interpersonal, communication and negotiating skills
- Ability to analyse data and use for decision making
- Attention to detail
- Excellent teamwork skills: ability to collaborate effectively with colleagues and contribute to a positive environment.
- Thorough understanding of class specific underwriting and reinsurance knowledge
- Proven knowledge of relevant Property market conditions
- Familiar with relevant QBE underwriting systems
- Intermediate level understanding of relevant software including Excel and other departmental software packages
- Knowledge of legal and regulatory requirements
- Knowledge of QBE underwriting process and procedures including EPA’s
- Strong proficiency in English.