Financial Lines Underwriting Specialist
hace 2 días
About the Role
We are seeking an experienced Financial Lines Underwriter to join our team in Madrid, Spain. As a key member of our underwriting team, you will be responsible for providing innovative and bespoke underwriting services to our clients.
Key Responsibilities
- Reviewing submissions, including applications, policy wording, inspection reports, loss runs, and financial reports, to determine the degree of risk for each account.
- Calculating appropriate risk premium by considering the risk costs inherent to the sector, reinsurance cessions, and underwriting and general administration costs while ensuring profitability.
- Advising, assisting, servicing, and following up with clients on insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements.
- Maintaining effective relationships with brokers, clients, and internal functions to initiate opportunities for cross-selling offered products and ensure account retention.
- Controlling timely implementation of new and renewed accounts according to quality standards.
- Supporting business planning and forecasting process; monitoring financial exposure within outlined limits; monitoring premium income to ensure it remains within set limits.
- Maintaining awareness of all claims advised while supporting and providing input on settlement of claims.
Requirements
- Proven experience of underwriting, ideally with a proven track record of profitable underwriting in Financial Lines business.
- Good industry knowledge and awareness of factors affecting this market and new trends.
- Effective communication and negotiation skills, with the ability to work in English and Spanish.
- Analytical thinking, performing fact-based analyses of situations or issues, making swift and efficient data-based decisions, and keeping the focus on goals over time.
About Xl Catlin
Xl Catlin is a leading global provider of risk solutions, offering a wide range of insurance products to individuals and businesses around the world. We are committed to delivering exceptional service and value to our clients through our expertise, innovation, and dedication.
Salary and Benefits
The estimated salary for this role is €60,000 - €80,000 per annum, depending on experience, plus a comprehensive benefits package, including health insurance, pension scheme, and paid vacation time.
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