PI Underwriter 6 Month Fixed Term Contract

PI Underwriter 6 Month Fixed Term Contract

Posted 1 day ago by XS Assure

Negotiable
Undetermined
Remote
Central London, London

Summary: The PI Underwriter role is a 6-month fixed-term contract focused on launching a deductible infill product for XS Assure, a specialist underwriter in financial and professional lines risks. The position involves underwriting, managing a portfolio of risks, and developing broker relationships while working remotely. Successful performance may lead to a full-time underwriting role. Candidates should possess a minimum of three years of relevant experience and strong communication skills.

Key Responsibilities:

  • Deliver the product to market by discussing its concept and operation with brokers.
  • Actively underwrite, manage, and develop a portfolio of risks to maximize profitable revenue potential.
  • Identify smarter and faster means of underwriting and trading.
  • Contribute to technical audits and peer review processes to maintain an effective control environment.
  • Work effectively in a remote team environment.
  • Understand the marketplace and key competitors to negotiate flexibly and appropriately.
  • Develop and manage effective broker account relationships.
  • Assess and price risks while limiting exposures.
  • Develop effective trading relationships.
  • Take accountability for delivery with a commercially astute approach.

Key Skills:

  • Minimum 3 years experience in underwriting or broking, preferably in the UK market.
  • Minimum Dip CII qualified (or equivalent).
  • Proficient in MS Excel.
  • Mathematically capable and savvy.
  • Exceptional communication skills.

Salary (Rate): undetermined

City: London

Country: United Kingdom

Working Arrangements: remote

IR35 Status: undetermined

Seniority Level: undetermined

Industry: Other

Detailed Description From Employer:
PI Underwriter (6 Month Fixed Term Contract) Location: Home Based / Fully Remote Mon-Fri 6 month Fixed Term Contract XS Assure (XSA) was launched in 2021 and is a specialist underwriter of financial and professional lines risks in the UK and internationally. XSA's core business has been underwriting UK PI risks. In the UK, we currently underwrite and/or place business with 5 risk carriers whilst internationally, with 3 risk carriers. To date, XSA has been very successful in building a sizeable and profitable portfolio due to its wide risk appetite, its ability to underwrite risks based on merit, empowered underwriters and a commitment to fast turnaround time on all quotes to insurance brokers. Operationally, XSA employs 16 staff who all work from home. Culturally, it's very entrepreneurial and fast-moving with a focus on always building a better, smarter business with little bureaucracy. XSA is looking to bring on additional talent with the same ethos. XSA was acquired by JMG Group in July 25, so benefiting from internal services and access to group held business whilst maintaining its independence as a fast moving and growing business. The Role Initially a short-term role to help launch a deductible infill product which if successful will lead to a full time underwriting role. You will initially assist in finalising the product before helping to launch the product and teach brokers how it operates. Each inquiry will then need underwriting and formal terms issued. Role and Responsibilities Take responsibility for delivering the product to market talking to brokers about its concept and how it works. Then actively underwrite, manage and develop a portfolio of risks to maximise profitable revenue potential. Identifying, better, smarter, faster means of underwriting / trading Contributing to technical audits and peer review processes as required to support and enable the maintenance of an effective control environment Ability to work in a remote team environment Understanding our marketplace and key competitors to enable you to negotiate flexibly and appropriately resulting in successful trading Effective broker account relationship development and management Demonstrated ability to assess and price risks, limit exposures Successfully developing effective trading relationships Commercially astute with demonstrable track record of taking accountability for delivery Role Requirements Minimum 3 years experience in underwriting or broking preferably UK market with a recognised insurer, MGA or broker Minimum Dip CII qualified (or equivalent) Proficient in MS Excel Mathematically capable and savvy Exception communication skills REF-225 916