Non-Motor Underwriting Officer - Financial Lines

Key Responsibilities

Underwriting and Risk Assessment

• Assess new business submissions and renewal accounts in accordance with underwriting guidelines and authority limits.
• Analyze proposal forms, financial statements, claims experience, and supporting documentation to evaluate risks.
• Determine coverage terms, conditions, exclusions, and pricing for Financial Lines products.
• Prepare quotations, renewals, endorsements, and policy documentation accurately and within agreed service standards.
• Ensure underwriting decisions contribute to portfolio profitability and growth objectives.

Portfolio Management

• Monitor portfolio performance, including premium growth, loss ratios, and retention rates.
• Identify trends, emerging risks, and market developments affecting Financial Lines business.
• Recommend corrective actions where portfolio performance deviates from targets.
• Assist in developing underwriting strategies and product enhancements.

Broker and Client Relationship Management

• Build and maintain strong relationships with brokers, intermediaries, and clients.
• Provide technical underwriting guidance and support to stakeholders.
• Respond promptly to underwriting inquiries and negotiate policy terms where appropriate.
• Promote Financial Lines products and identify business development opportunities.

Compliance and Governance

• Ensure compliance with regulatory requirements, company policies, underwriting guidelines, and delegated authority limits.
• Maintain accurate underwriting records and documentation.
• Support internal and external audits when required.
• Adhere to risk management and governance standards.

Claims and Technical Support

• Liaise with the claims team on complex or high-value claims.
• Review claims experience and incorporate findings into underwriting decisions.
• Provide technical expertise regarding policy coverage and wordings.

Reporting and Administration

• Prepare underwriting reports and portfolio analyses as required.
• Maintain underwriting systems and databases with accurate information.
• Contribute to management reports, business reviews, and performance monitoring.

Key Performance Indicators (KPIs)

• Achievement of premium growth targets.
• Portfolio profitability and loss ratio performance.
• Renewal retention rates.
• Turnaround times for quotations and policy issuance.
• Compliance with underwriting authority limits.
• Quality and accuracy of underwriting documentation.
• Customer and broker satisfaction levels.

Qualifications and Experience

Education

• Bachelor's Degree in Insurance, Risk Management, Finance, Business Administration, Economics, or a related field.
• Professional insurance qualification (ACII, Cert CII, Dip CII, or equivalent) is an advantage.

Experience

• Minimum 2-5 years of underwriting experience within Financial Lines, Liability, or Specialty Insurance.
• Experience in Professional Indemnity, Directors & Officers Liability, Crime, Cyber, or related products preferred.
• Knowledge of insurance market practices, policy wordings, and risk assessment techniques.

Skills and Competencies

• Strong analytical and risk assessment skills.
• Sound understanding of Financial Lines insurance products.
• Excellent negotiation and decision-making abilities.
• Strong communication and relationship management skills.
• Attention to detail and accuracy.
• Ability to manage multiple priorities and meet deadlines.
• Proficiency in Microsoft Office applications and underwriting systems.
• Strong commercial awareness and customer focus.