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Experienced underwriter - construction insurance specialist

Dublin
beBee Careers
Construction
Posted: 15 June
Offer description

About the Role:

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This Experienced Underwriter position offers a unique opportunity to work with a leading international insurance group, focusing on the construction industry.

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The successful candidate will report directly to the Underwriting Director in the UK and be responsible for managing a book of business for ROI.

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This fully remote role is suited to a Technical Underwriter who is comfortable working independently and being part of a virtual team.

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Our client has a dedicated Sales Team that handles new business acquisition, allowing the Underwriter to focus solely on underwriting.

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Key Responsibilities:

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1. Assess applications for insurance coverage and evaluate risk factors, including construction methods, client profiles, and background information.
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2. Calculate insurance premiums using the Insurers Binding Agreement and apply terms and conditions to quotations and final documentation.
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3. Collaborate with Technical Underwriting to underwrite latent defects risks.
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4. Handle risks for individual residential properties and large, mixed-use properties with reinstatement values up to €20,000,000 for any single continuous structure.
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5. Process new quotation enquiries and mid-term adjustments.
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6. Liaise effectively with Brokers, Direct, and Technical Inspection Surveyors throughout the underwriting process.
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7. Ensure all required information is obtained and accurately recorded in an advanced in-house IT system.
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8. Adhere to relevant regulations and maintain a thorough understanding of underwriting principles and the general insurance market.
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9. Refer risks above €20,000,000 to Senior Management and present them to the Insurer.
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10. Issue final insurance certification upon practical completion of projects.
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11. E nsure the relevant policy wording is included in the final documentation.
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Required Skills and Qualifications:

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12. A solid understanding of underwriting principles and the general insurance market.
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13. Knowledge of relevant regulations and proven experience in underwriting, customer service, and risk analysis.
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14. Strong numerical and verbal reasoning skills.
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15. Excellent organisational and prioritisation abilities.
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16. Ability to work collaboratively in a fast-paced environment.
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17. Minimum of three years of experience in underwriting in some capacity.
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18. Preferably hands-on experience in latent defects cover or financial underwriting.
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19. Ability to work remotely.
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Benefits:

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20. An excellent package, including healthcare and bonus.
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21. The opportunity to work fully remotely.
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22. A dynamic and supportive virtual team environment.
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23. The chance to develop your underwriting skills and expertise.
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About You:

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24. You are a seasoned underwriter with a strong track record of success in the field.
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25. You have a deep understanding of underwriting principles and the general insurance market.
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26. You are able to work independently and as part of a virtual team.
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27. You possess excellent organisational and prioritisation abilities.
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28. You are able to communicate effectively with stakeholders, including brokers, direct, and technical inspection surveyors.
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29. You are committed to delivering high-quality results and meeting deadlines.
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