Pricing Underwriter

Job Purpose Summary

Working with our clients to ensure our relationships are smooth, effective and productive with the objective of: ·

Obtaining business critical information through understanding how the client operates·
Relationship building·
Being able to ask the right questions at the right time·
Enabling efficient and accurate business transactions & records·
Accurately recording information·
Achieving our business aims
Key Responsibilities

Being the first point of contact for all pricing underwriting queries
Working with Business Development Managers, assisting with underwriting for new business
Liaise with system providers to ensure systems provide necessary functionality
Manage administration of Healthcare business, identify inefficiencies and suggest improvements
Work with business partners to provide solutions to operational needs, in line with budgetary restrictions
Participate in the Healthcare team by contributing ideas and work to team objectives
Provide management information as an when required and to company required timescales
Pricing

After an initial trial period, the job will include authority to quote / price or amend terms of business or contracts, and authority for underwriting or claims.
The job does involve proposing pricing for the approval of Director, Healthcare or Head of Healthcare, to achieve a nett loss ratio of 65% maximum overall; some schemes can have and need to have higher loss ratios (subject to specific prior agreement).
Skills required

International underwriting skills
Business negotiation skills
Administrative and organisational skills
Pricing and wording skills
Contract skills
Understanding the IPMI market
Understanding the operation of insurance
Understanding the principles of insurance
Liaising effectively with Finance and Business Management departments
Understanding the business generated and its financial ramifications, in particular cash, profit and expense control.
General

Manage personal time and productivity
Utilise and maintain company systems and databases such as Excel and Word
Attend training as required to develop relevant knowledge and skills
Adhere to the company health and safety policy
Identify opportunities for personal development and growth
Undertake such other reasonable duties as may be required from time to time
Report on client (& competitor) activities you become aware of including new business opportunities.
Comply with and respect company processes and procedures and industry regulations.
First Recruitment Services is acting as an employment agency for this vacancy.