Assistant Underwriter

at  Gallagher

Introduction:
Gallagher isn’t just a company; it’s a global community driven by shared values and an unyielding commitment to excellence. With over 49,000 passionate professionals, we are the architects of the future, designing customized solutions to protect businesses and fuel their extraordinary growth. As a member of our team, you’ll experience empowerment, creativity, and the exhilarating journey of making a real difference in the lives of our clients. Join us and become part of a story that transforms aspirations into reality.
We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply.
Overview:
Pen Underwriting is seeking a highly motivated and detail-oriented Assistant Underwriter to join our underwriting team!
This is an excellent opportunity for an individual who is passionate about the insurance industry and wants to contribute to the financial performance of our company.

As an Assistant Underwriter, you will play a crucial role in servicing our existing Transactional Team in their Residential and Commercial property owners accounts. You will work with experienced underwriters to evaluate new business and renewals,, make underwriting decisions, and ensure good outcomes and customer centricity.How you’ll make an impact:

• Evaluate new business using sensible and recognized underwriting practices.
• Review renewals in line with our underwriting approach and broker requirements
• Use industry insight and good judgment to increase the financial performance of the company.
• Communicate effectively with clients and colleagues.
• Handle new business and renewals, rating, and adjustment enquiries from clients.
• Understand and handle claims cover requests, ensuring service standards are met.
• Maintain a healthy renewal retention rate and new business conversion.
• Contact brokers for new business and renewal negotiations, while seeking opportunities to sell our product range.
• Liaise with the accounts team to handle any financial queries.
• Identify and assess risks that are ‘standard,’ ’non-standard,’ ‘mid-net worth,’ and eligible for other lines of business within the company.

About you:

• Educated to GCSE level, including passes in English and Mathematics.
• CII qualification preferred, but not essential.
• Proficient in using standard MS Office products, including Outlook, Excel, Word, and PowerPoint.
• Knowledge of insurance principles and practices.
• Ability to trade and negotiate with brokers.
• Excellent communication skills, both written and verbal.
• Ability to communicate with people at all levels, including formal presentations.
• Self-motivated and able to work independently.
• Strong planning, organizational, and time management skills.
• Excellent interpersonal skills and ability to work well in a team.
• Eligible to work in the UK

Compensation and benefits:
On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.

Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:

• Minimum of 25 days holiday, plus bank holidays, and the option to ‘buy’ extra days
• Defined contribution pension scheme, which Gallagher will also contribute to
• Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x
• Income protection, we’ll cover up to 50% of your annual income, with options to top up
• Health cash plan or Private medical insurance

• Evaluate new business using sensible and recognized underwriting practices.
• Review renewals in line with our underwriting approach and broker requirements
• Use industry insight and good judgment to increase the financial performance of the company.
• Communicate effectively with clients and colleagues.
• Handle new business and renewals, rating, and adjustment enquiries from clients.
• Understand and handle claims cover requests, ensuring service standards are met.
• Maintain a healthy renewal retention rate and new business conversion.
• Contact brokers for new business and renewal negotiations, while seeking opportunities to sell our product range.
• Liaise with the accounts team to handle any financial queries.
• Identify and assess risks that are ‘standard,’ ’non-standard,’ ‘mid-net worth,’ and eligible for other lines of business within the company