Technical Underwriting Specialist

at  Benefact Group

Working hours: 35 hours per week, Monday to Friday
Duration: Permanent
Location: Brighton (Hybrid 2 days per week)
Job ref: 202542

KNOWLEDGE, SKILLS AND EXPERIENCE

• Proven track record and detailed knowledge of general insurance principles through reinsurance, underwriting or claims experience
• Proven analysis skills and ability to submit balanced and well considered recommendations
• Cert CII preferred

ABOUT US

Ansvar specialise in charity and faith insurance, starting life in Sweden over 60 years ago. We cover thousands of risks in the UK, and unlike other insurers, our products are specifically designed for the niches we insure. We’re known for our outstanding service, sector knowledge and swift claims handling. When we’re not working, many of us volunteer for charities and our team here set up a local charity themselves, for which they have been recognised by winning a number of awards.
We aim to run our business in a responsible and sustainable way. We manage our own impact on the environment through energy usage, waste and business travel. We also consider wider sustainability issues including climate change and ethical investment.
Benefact Group is a unique international financial services Group made up of over 30 businesses. We are owned by a charity and are currently the UK’s 3rd largest corporate donor, having given away £200 million since 2016. We have ambitious plans to become the UK’s number one corporate donor, with strategic objectives in place to double the Group’s size.
We believe it’s essential to attract, empower, grow and reward talented people, offering fantastic opportunities for career and personal development. Our giving ethos, 135-year history and the diversity of what we do, has enabled us to build a culture of kindness, great ambition, and of passionate people driven to do better and be better.
At Benefact Group, we are committed to creating an inclusive culture and building an environment where each and every one of us feels valued and respected. We are a community made up of people with a range of different backgrounds, abilities, perspectives, beliefs and interests and we value the strength this brings to us as a Group. We welcome applications from everyone.
If you need any additional support during the recruitment process, then please let us know.

ABOUT THE ROLE

Ansvar, who are proudly part of Benefact Group, are looking for a Technical Underwriting Specialist to join our Brighton office.
This pivotal role will support the business plan in ensuring that underwriting is conducted within a robust, effective and controlled framework providing timely service and fit for purpose developments.
Joining our rapidly expanding and innovative Group presents a fantastic opportunity to develop your career and become an integral part of an inclusive, purpose-led organisation.

KEY RESPONSIBILITIES

Support the business in delivering business plan and achieving target Underwriting quality and standards in line with Underwriting strategy through:

• Developing and maintaining underwriting guides, procedures to support delivery of the underwriting strategy
• Acting as a specialist referral point and coach, around procedures, policy wordings, reinsurance, underwriting guides and audit recommendations, supporting the business unit in ensuring that standards are met and technical expertise cascaded, meeting defined levels of service (SLAs)
• Drafting and reviewing policy wordings, summaries of cover, application forms and clauses ensuring they comply with legal, reinsurance and regulatory parameters
• Developing and reviewing products as required by the business including wordings, product development and governance.
• Reviewing and developing free-format clauses drafted within the business
• Researching issues connected with policy wording development and escalating wordings issues to the wider business
• Working in partnership with the underwriting team to enable underwriting of quality business within appetite and individual UW licence
• Develop training materials and provide training to improve underwriting knowledge and processes within the teams
• Understanding and operating within regulatory framework including ELTO, product oversight and governance, audit and DA management and identifying and escalating any risks to the business
• Undertaking Underwriting Development projects
• Conducting audits and acting as a quality and development representative for UW and reinsurance matters, liaising with all areas of the business and escalating risks as required