Under moderate supervision, the Assistant Underwriter develops functional knowledge and skills to contribute to the growth and profitability of the Power & Construction line of business through pre-underwriting, marketing, and managing of products and standard risks. Works within defined limits and authorities on assignments of low complexity. Some risks may require special handling or unusual coverage.
Responsibilities:
- Establishing and maintaining strong relationships with brokers and clients to facilitate the marketing, sale and training of the Liberty brand and products.
- Assisting the underwriting team in the process of reviewing, rating and underwriting target new business and renewal business in line with Liberty's quality selection and adequate pricing guidelines.
- Developing selling and negotiation strategies to ensure contribution to the profitability of the product line.
- Ensuring that brokers and clients receive a high level of underwriting service that differentiates Liberty from its competitors.
- Providing input where possible into product development and marketing plans including market research, competitor analysis, product design and geographic/segment focus.
- Reviewing and negotiating policy terms and conditions including assisting with the production of manuscript policy wordings and endorsements.
- Participating in the execution of marketing plans.
- Assisting in ensuring premium payments are received and discrepancies investigated in a timely manner by referring to Debtors report from Finance department.
- In conjunction with other more senior Underwriting employees, represent Liberty at industry social events, conferences and other relevant market related presentations.
- Building the Liberty Brand and own profile within the market.
- Working closely with Claims department, Risk Management and all other key internal stakeholders to promote Liberty's integrated business unit approach and ensure seamless delivery of underwriting services.
- Working closely with Catastrophe Management team to ensure timely and accurate completion of UWP SOV.
- Working closely with Operations / Processing Services teams to ensure timely and accurate processing of premiums.
- Contributing to an effective team environment by interacting professionally with all team members and providing development, support and assistance as required.
- Taking responsibility for mentoring, training and development of the Underwriting Assistants where required.
- Demonstrating behavior at all times in line with the Liberty core values.
- Updating and maintaining various logs and preparing reports as required.
- Assisting in audits as required.
- Ensuring compliance with all legal, statutory and corporate affairs requirements on a timely basis.
- Taking responsibility and showing initiative in the development of your technical and soft skills.
- Continuing to seek improvement of the product and of self by the continuous improvement of practices and processes.
- Performing other related duties as assigned by your manager or other appropriate officer.
- Maintaining and overseeing renewal listings and ensuring all processing and pre-renewal activity is completed according to SLAs.
Experience & Skills:
- Relevant experience in the General (non-Life) Insurance industry.
- Relevant experience in an aligned role with a broker or insurance company.
- Excellent working knowledge of PC based systems and applications such as Outlook, Microsoft Word, Excel, PowerPoint and database systems for managing contacts, schedules and calendars is required.
- Tertiary qualifications in a related discipline would be desirable.
