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For Companies At a Glance
- Tasks: Support brokers, manage new business, and learn underwriting strategies.
- Company: Join a fast-growing MGA that prioritizes your development and growth.
- Benefits: Enjoy hybrid working, competitive salary, and support for industry qualifications.
- Why this job: Gain diverse experience across departments and build valuable relationships in the insurance industry.
- Qualifications: 2 years of insurance experience preferred; MGA experience is a plus.
- Other info: Competitive discretionary bonus and health plan included.
The predicted salary is between 28000 - 42000 £ per year.
Job Description
Assistant Underwriter
Central London – Hybrid Working (3 days in the office per week)
Salary – up to £35,000 DoE
The Opportunity: We are excited to be working with a fast-growing MGA who value development and growth. They are looking for an Assistant Underwriter, operating across multiple departments and gaining exposure to different lines of business. This will give you a strong idea of where you may want to specialise in the future. Your development is central to the organisation, and they will work towards you getting authority and will support you in further Insurance Qualifications.
Responsibilities:
- Deliver outstanding support to brokers, ensuring they receive accurate and timely assistance.
- Gradually gain expertise in underwriting guidelines and strategies, applying them as you expand your authority within the role.
- Review financial statements, enter data, calculate important ratios, and evaluate the financial stability of clients.
- Manage the processing of new and renewal business in line with your authorised limits and company standards.
- Support underwriters in various tasks, helping streamline processes and ensuring documentation is accurate and complete. Build and nurture strong relationships with both current and prospective brokers to drive business growth.
- Continuously engage in learning related to underwriting, compliance, and procedures, ensuring you stay current with industry changes and standards.
- Meet individual Key Performance Indicators (KPIs) while contributing to team goals and overall success.
Person Specification:
- 2 years of Insurance Experience within Commercial Insurance
- MGA Experience preferred but not essential
Benefits:
- Salary up to £35,000 dependent on experience
- Support for Industry qualifications
- Hybrid working options
- Competitive Discretionary bonus
- Life cover and health plan
To Apply:
If you are an Assistant Underwriter or Insurance Professional keen to make your next step, apply here for immediate consideration.
Get Recruited is acting as an Employment Agency in relation to this vacancy.
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Assistant Underwriter employer: Get Recruited (UK) Ltd
Contact Detail:
Get Recruited (UK) Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Underwriter
✨Tip Number 1
Familiarize yourself with the specific underwriting guidelines and strategies relevant to the role. This will not only help you understand the expectations but also demonstrate your proactive approach during interviews.
✨Tip Number 2
Network with professionals in the insurance industry, especially those working in MGA environments. Engaging with them can provide insights into the company culture and the skills that are highly valued.
✨Tip Number 3
Stay updated on the latest trends and changes in the insurance sector. Being knowledgeable about current events and industry standards will show your commitment to continuous learning and development.
✨Tip Number 4
Prepare to discuss your previous experience in commercial insurance and how it relates to the responsibilities of an Assistant Underwriter. Highlight specific examples where you successfully supported brokers or managed client relationships.
We think you need these skills to ace Assistant Underwriter
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Assistant Underwriter position. Understand the responsibilities and requirements, especially the emphasis on supporting brokers and gaining expertise in underwriting guidelines.
Tailor Your CV: Customize your CV to highlight relevant insurance experience, particularly any roles related to commercial insurance or MGA. Emphasize skills that align with the job, such as data analysis, relationship building, and compliance knowledge.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the insurance industry and your eagerness to develop within the role. Mention specific experiences that demonstrate your ability to support brokers and manage business processes effectively.
Highlight Continuous Learning: In your application, express your commitment to continuous learning and professional development. Mention any relevant qualifications you have or are pursuing, and how they relate to the underwriting field.
How to prepare for a job interview at Get Recruited (UK) Ltd
✨Understand Underwriting Basics
Make sure you have a solid grasp of underwriting principles and guidelines. Familiarize yourself with common terms and processes in the insurance industry, as this will help you answer questions confidently and demonstrate your knowledge.
✨Showcase Your Experience
Be prepared to discuss your previous experience in insurance, especially any roles related to underwriting or working with brokers. Highlight specific examples where you provided support or improved processes, as this will show your potential employer that you can add value to their team.
✨Emphasize Relationship Building
Since building strong relationships with brokers is key in this role, think of examples from your past where you successfully nurtured professional relationships. Be ready to explain how you would approach relationship management in this new position.
✨Prepare Questions About Development Opportunities
The company values development and growth, so come prepared with questions about training and career progression. This shows your enthusiasm for learning and your commitment to advancing within the organization.
