in Legal Jobs

Legal Insurance Company recruiting a Property or Private Client Solicitor or ILEX £30-50k

A new vacancy has arisen with a legal insurance company looking for a solictor, ILEX or licensed conveyancer to join them as an underwriter. The salary range on this post is £30-50k. The company have contacted us because they are interested in recruiting a lawyer into the role as an alternative option to an underwriter per se. A lot of their insurance products seem to be linked to conveyancing and wills & probate. The company is located in Fenchurch Street, London EC3M. This is a permanent full time salaried role.

A job description is below – if you would like to apply please have a read through and let me know.

Underwriter or Senior Underwriter

To provide a professional and compliant legal indemnity underwriting service to all clients, current and prospective, including but not limited to: solicitors, licensed conveyancers, and brokers, with the intention of providing quotations and ultimately, policies to meet internal targets.

Underwriting all development, commercial and residential risks, with a focus on:
”    providing a quality service that is fast, accurate, effective, transparent and professional;
”    actively developing business opportunities
”    identifying, establishing and building business relationships
”    maximising business placement;
”    maximising legal indemnity/insurer brand awareness including through presentations to generate income/cross selling opportunities.

Main Duties

”    Conduct a thorough analysis of risks to ensure they are appropriate for the business, by assessing:
o    Whether the risk is acceptable within the parameters and guidelines agreed with the insurer
o    the level of premium for which to accept the risk on behalf of the Insurer to generate income and profit to the company
”    Ensure the acceptability of a risk is always considered in line with company guidelines, procedures and processes.
”    Determine correct pricing based on financial and competition analysis, and in line with compliance requirements, providing appropriate and justifiable quotations for risks.
”    Act strictly within the personal authority issued by the Insurer from time to time.
”    Complete the internal and external written referral procedure, as required, in an efficient manner.  Including:
o    referring risks outside of authority or knowledge-base to an Underwriter with the appropriate experience and authority level, with recommendations, and
o    accepting verbal and written referrals from underwriters whilst effectively managing own work load.
”    Escalate issues outside of remit or knowledge-base to Management, with recommended solutions.
”    Assist in the creation of new policy wordings.
”    Identify and manage any regulatory issues relating to new business initiatives.
”    Ensure that all new enquiries are allocated in accordance with the business processes and in line with individual knowledge/capability and client relationships within the team.
”    Provide cover for management if requested, or should the need arise.
”    Ensure any changes that could impact the business are highlighted and communicated appropriately.
”    Identify needs and provide training, guidance and mentoring to more junior staff as requested, or as required.
”    Market products, services and the business throughout the Insurance community, attending client/site visits as necessary, to increase enquiries and foster client relationships.
”    Attend from time-to-time appropriate business development and individual training events, both: inside, and outside, of core business hours.
”    Provide advice and assistance to colleagues as requested and/or necessary in order to ensure the smooth running of the business and excellent customer service levels.
”    Keep the necessary stakeholders advised of progress on underwriting of risks as necessary to provide excellent customer service.
”    Liaise with clients (insurers/solicitors/brokers/licensed conveyancers) by email and phone, responding to requests and queries as a matter of priority, with the aim of progressing risks to quotation.
”    Ensure Sanctions checks are correctly carried out.
”    Strive to constantly increase, maintain and keep abreast of:
o    legal indemnity and related products,
o    property law and conveyancing procedure,
o    insurance law, rules and procedures.
o    Legal & regulatory rules
”    Undertake the necessary research in order to conclude an issue as and when it arises.
”    Ensure cover notes and policies are issued correctly and in a timely manner, in line with Company policies and guidelines, and always in line with service levels expected.
”    Disseminate information to the rest of the team and/or across the business as necessary, to aid business success.
”    Ensure maintenance of accurate and complete electronic and/or paper underwriting files, and as necessary check files in preparation for audit.

Jonathan Fagan

Jonathan Fagan LLM FIRP is Managing Director of Ten-Percent Legal Recruitment. He has been recruiting solicitors and legal support staff for law firms and in house legal departments for over 17 years and handles roles from junior fee earners through to partners and law firm sales/purchases. A non-practising solicitor on the Roll since 2000, he is also the author of a number of legal career books, which are available at www.legalcareercoaching.co.uk. You can contact Jonathan at cv@ten-percent.co.uk