Company Info
First Title is the UK division of First American Financial Corporation (“FAFC”). First American Financial Corporation is a leading global provider of title insurance and settlement services for residential and commercial real estate transactions. One of our subsidiaries, First Title Insurance plc (FTI) is a leading insurer of risks involving title and related areas of property and property finance and is part of the First Title Group of Companies. FTI have a unique range of policies to help lawyers involved in commercial and residential property transactions resolve both known and unknown title issues and help problem transactions close on time. First Title also provides support services to First European Title Insurance Company Ltd (FETIC) established in Malta in 2018. FETIC is a wholly owned subsidiary of FAFC.
Role Profile
As an Underwriter you will play a key role in driving business forward in the UK.
The role will involve underwriting residential and commercial risks within agreed authority levels, negotiating and maximising business profitability by means of effective underwriting decisions and techniques. You will assist in the continual review of our residential products offering both on and offline (including panels and schemes), to ensure that all aspects continue to meet the high standards required by our customers and comply with regulatory requirements.
You will build strong relationships with clients, solicitors, brokers and business units plus assist in the development of these relationships through presentations, meetings and corporate events
In addition, you will provide support, guidance and training to junior team members to develop their technical/commercial proficiency, and contribute to ongoing initiatives and projects.
Underwriting and product training will be provided.
Job Description
KEY RESPONSIBILITIES
Negotiate and maximise business profitability by means of effective underwriting decisions and techniques
Actively develop relationships with prospective clients
Maintain long-term profitable relationships with assigned clients/markets and
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Demonstrate an in-depth knowledge of policy coverage and discuss this confidently with external and internal clients
Oversee initiatives that will maximise opportunity and increase revenue through the successful review and regular assessment of the various product lines (including Schemes) ensuring that efficiencies are maintained
Assist in the continual review of residential product offering both on and offline (including panels and schemes) to ensure that all aspects including documentation, pricing and processing meet the high standards demanded by our customers and comply with regulatory requirements
Provide technical input in the drafting of new policies, on and off line
Continue underwriting activity for Lender Programmes
Identify opportunities for development of new products/bespoke schemes and maintain involvement with all aspects of drafting and contract negotiation
Provide input to marketing of residential products, by receiving and analysing customer feedback and researching our competitor's offerings
Contribute to the development of marketing material and act as technical sign off for material content
Assist in promotion of our residential products by organising promotional events, giving client presentations, attending meetings with clients and representing FT at sponsored events such as Law Society awards and dinners
Provide support to the Sales team in the field as required, giving or assisting with presentations to existing or prospective clients and attending meetings
Understand regulatory environment and its requirements as it affects work and keep abreast of relevant changes in law
Ensure training manuals are up to date and coach and guide team members on more complex issues and the appropriate course of action
Model First Title Values in personal work behaviours, decision making, contributions and interpersonal…