Job Title: Senior Underwriter – Long Tail Lines

Location: London/Hybrid (Typically 2/3 days in the office)

Type: Full time – Permanent (If you are a job share partnership, work reduced hours, or any other way of working flexibly, please do still get in touch)

At Price Forbes, we provide much more than just a workplace. We are dedicated to fostering skill development and knowledge within a team that is passionate about their work, values their Employees, and truly celebrates diversity.

Working at Price Forbes means you’ll be part of The Ardonagh Group. We are proud of our innovative environment offering many opportunities for growth across the wider group. Employees regularly move between our united teams, and we encourage you to make your role your own.

Our offices are lively and exciting places to be, but we understand that life needs flexibility, and offer a genuinely flexible approach to working. If you are looking to join a thriving, energetic business with exciting plans, this role could be an ideal fit for you.

What we can offer:

We offer much more than just an inclusive culture with apprenticeships, study support, participation in our annual Spotlight Awards, Community Trust, Sports Teams, office socials, events and so much more. All of this with a supportive management team as well as working alongside some of the industry’s top talent.

You’ll have access to wellbeing programs, fantastic discounts across many big-name businesses including supermarkets, gym memberships, restaurants, and healthcare cash plans etc.

Further perks of working with us (Fixed benefits):

• Employer pension contribution of 10% (providing you, the Employee provides 5%).

• Good work life balance - flexibility to suit you.

• Competitive salary.

• Life Assurance at X4 of your base salary.

• Group Income Protection.

• Generous Annual Leave entitlement.

• Private Medical Insurance.

• Group annual bonus scheme

Manager says:

We are looking for an experienced Underwriter to work in the equinox Lectio team as an Senior underwriter and Team leader focusing on Long Tail Lines. Responsible for driving utilisation, and contribute to the delivery of growth and expansion of this cross class underwriting facility.

Key Role Accountabilities:

Daily tasks can include, but are not limited to:

• Review risks and submissions received from the brokers to assess if the risk is in line with the criteria set out in the Delegated Underwriting Agreement (DUA).

• Liaise with brokers to explain where these risks are outside of this scope and why we are declining

• Send formal offers of lines on risks that are in scope, ensuring the line size is within those set out in the DUA, particularly across complex multi-layer programs

• Checking firm order slips meet requirements and formally binding lines via PPL or Whitespace.

• Review and agree or refer endorsements.

• Send final slips for processing and, where required, aggregate teams for reporting to insurers.

• Oversight and management of portfolio accumulation including contractual catastrophe aggregate limits.

• Build good working relationships with the broking teams.

• Build good working relationships with capacity providers.

• Manage a team of Lectio underwriters and underwriting assistants.

• Work with CUO to improve efficiency, particularly in processes specific to Long Tail Lines

• Participate in regular insurer meetings to review progress of the facility.

Participate in regular team meetings to:

• Review our progress against targets

• Identify and suggest improvements for growth areas.

Option to participate in:

• Review of other data and reports if suitable

• DUA renewal and endorsements throughout the year

• Delivery of daily tasks in a timely and accurate manner.

• Working compliantly with the Authority delegated by insurers.

Qualifications & Experience:

• Minimum 5 year Insurance experience desired.

• Familiar with the layout of the London MRC contract.

• Coverholder experience

• Awareness of DUA

• Experience with underwriting submissions.

• Knowledge of Long Tail Lines (Including Financial Lines, Cyber & Casualty) insurance is required, and experience in Property, Construction, Marine, or Cargo is beneficial but not required.

• A-levels with GCSE (or equivalent) passes in Maths and English

• High level proficiency in MS Outlook, Word and Excel – PowerPoint experience can be beneficial also.

• Strong negotiation, influencing skills, analytical, verbal and written communication skills are valuable.

Person Specification:

You should be comfortable working with employees at all organisational levels, and will be the contact person for Long Tail Lines business, and working with them to provide solutions for their clients.

Accuracy and attention to detail is critical as well as the ability to handle multiple priorities during busy periods.

You should be prepared to teach the junior team members features of the Long Tail classes and help them understand so they can develop and assist more with you when workloads required.

Think you don’t meet every requirement:

We are an equal opportunities Employer, dedicated to creating a diverse, inclusive, and authentic workplace where everyone can thrive, bring their whole self to work, and reach their full potential. If you’re excited about this role, but your experience doesn’t perfectly match what we are looking for, please apply anyway. You might just be the right fit for the job, or other opportunities we may have within the wider Group.

Interview Process:
At Price Forbes, we have a straightforward interview process to ensure the best fit for both you and the company:

Submit your application with your CV, emphasising your skills and experience related to the job.

Our Talent Acquisition team will then arrange a call where they can tell you more about the role and the team. We want to learn about your motivation and goals, what you can bring to Price Forbes, and answer any immediate questions.

If successful, you will generally be invited to engage in a 1-hour interview with the Hiring Manager and selected team members, via teams or in person. We will discuss our technologies, key skills, and team dynamics and provide further opportunity to ask any questions. This is your chance to voice your thoughts on the role and we will outline our expectations and ensure this role aligns with your ambitions for the future.

Depending on the role, you may be invited to attend a second stage interview with further members of the team.

If successful or unsuccessful, we always try and move quickly in presenting an offer or providing feedback.

We truly value the diversity of our teams and as a Group, we are committed to supporting and welcoming individuals from all backgrounds, as we appreciate every perspective is a significant part of our success. Should you require any reasonable adjustment throughout the recruitment process, please do not hesitate to let a member of the Talent team know.

#PFI #LI-KB1

If your application is successful, we will conduct relevant employment checks prior to you commencing employment with us. These will include verifying your recent employment, address, credit history, and a standard criminal record check.

Note to recruiters and employment agencies

We will not pay for unsolicited CV's from recruiters and employment agencies unless we have a signed agreement and have requested assistance, in writing, for a specific vacancy.