Structural Defects Underwriter

Belfast

Inclusion IQ are delighted to be assisting our client, a highly respected leader in the specialist UK insurance sector, who is seeking talented Underwriters. This established firm maintains a significant market presence, particularly in large-scale projects, and is recognised for its commitment to quality. Trusted by a vast majority of mortgage lenders and host to a prestigious annual awards programme, this is an exceptional opportunity to join a customer-focused, value-driven company where your expertise in risk assessment will directly contribute to protecting vital projects and shaping an integrated approach to insurance and technical services.

The Role

As a Structural Defects Underwriter, you’ll be at the heart of the risk evaluation process, directly influencing the scope of protection for vital insurance coverage. Your key responsibilities will include:

• Assess Risk: Meticulously evaluate applications for structural defects insurance, analysing construction methods, client profiles, and background information to identify and assess risks.

• Calculate Premiums: Determine appropriate insurance premiums in line with binding agreements, applying precise terms and conditions to quotations and final documentation.

• Underwrite Diverse Projects: Handle a varied range of structural defect risks, from individual residential properties to large, complex mixed-use developments, up to £10,000,000 for any single continuous structure.

• Manage Enquiries: Efficiently process new quotation enquiries and mid-term adjustments.

• Collaborate Externally: Liaise effectively with Brokers, Direct clients, and Technical Inspection Surveyors throughout the underwriting process.

• Document Thoroughly: Compile detailed risk information and capture key insights within the documented Underwriting Rationale.

• Support Stakeholders: Work closely with Account Executives to understand proposed business and assist the Underwriting Director with daily departmental operations.

• Maintain Systems: Ensure all required information is accurately obtained and uploaded onto an advanced in-house IT system.

• Issue Certifications: Be responsible for issuing final insurance certification upon practical completion of projects, including all relevant policy wordings.

The Person

If you have a solid grasp of insurance principles, a keen eye for risk, and a positive approach, this role is perfect for you.

Applicants should have the following skills and experience:

• Proven experience in underwriting within the general insurance market.

• Structural/ Construction Defect Insurance underwriting experience is highly desirable, or a strong background and knowledge of the construction industry that demonstrates an understanding of building processes and potential defects.

• Sound understanding of underwriting principles and the broader insurance landscape.

• Knowledge of FCA Regulations and complaint handling within the insurance industry.

• Demonstrable risk analysis skills and a strong decision-making ability.

• Excellent numerical and verbal reasoning skills.

• Highly organised with the ability to prioritise effectively and manage pressure.

• Strong negotiation skills and a customer-centric approach.

• Resilient with a positive and enthusiastic attitude.