At a Glance
- Tasks: Lead underwriting for real estate, manage broker relationships, and drive profitable growth.
- Company: Join an award-winning insurer recognized as Insurer of the Year!
- Benefits: Enjoy a great benefits package including bonuses, pension, private medical cover, and gym membership.
- Why this job: Be part of a dynamic team with continuous development and career progression opportunities.
- Qualifications: London Market underwriting experience and strong negotiation skills are essential.
- Other info: This hybrid role requires at least 60% of your week away from home.
The predicted salary is between 48000 - 84000 £ per year.
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Client:
Opus People Solutions
Location:
Greater London, United Kingdom
EU work permit required:
Yes
Job Reference:
8bcd17549694
Job Views:
8
Posted:
03.03.2025
Expiry Date:
17.04.2025
Job Description:
Join our award-winning client who is proud to be recognised in the industry as Insurer of the Year! Our client is recognised for their ongoing commitment to supporting broker partners and customers. As part of the 2024 growth plans across London Real Estate, they are looking for a Lead Trading Underwriter to join their team.
Reporting into the Underwriting Manager, you’ll drive profitable growth, particularly through Mid-Market and corporate clients, in the real estate segment by underwriting risks within agreed authority levels to maximise income whilst developing key relationships with a panel of brokers in line with company objectives.
This role is Hybrid – You’ll work at least 60% of your week away from home, either at the London office, visiting clients or attending industry events.
What’s in it for you:
- Great benefits package: Annual company & performance based bonus, Up to 12% pension, Up to 10x life assurance, 28 days holiday + bank holidays, Private medical cover, Buy/Sell holiday, gym membership and much more.
- Continuous development: You will be given the tools and skills to ensure that you can service clients to the highest standards, benefit from career progression opportunities, and continuous investment into your development and career.
What you’ll be doing:
- Ensure trading teams underwrite new and existing business profitably, accurately, consistently, and in line with established underwriting practices.
- Proactively lead the development of strong trading relationships with a panel of brokers, taking full ownership for the generation of profitable business from the nominated panel.
- Develop a robust pipeline of appropriate new business opportunities and ensure that the long-term pipeline is realised by ensuring broker and client engagement.
- Lead meetings, presentations, and tender responses with brokers and end customers to portray business capabilities and secure new business opportunities.
- Coach, train, and develop Senior Underwriters to continually improve their technical and trading capability from a New and Existing business perspective.
- Act as the referral point for Senior Underwriters within your team, providing technical and trading input to improve the quality of decisions within their empowerment.
- Actively manage and review underwriting standards and licences within the team ensuring effective management and deployment of empowerment.
- Effectively promote and deploy the client’s strategy, product range, propositions, and key differentiators to leverage commercial opportunities.
What you’ll bring:
- London Market underwriting experience is essential e.g. slip based business, bespoke wordings, international and captives.
- Experience as a senior underwriter within Real Estate / Property.
- Excellent negotiation and sales skills.
- Experience of large case and portfolio management in the real estate sector, including client exposure.
- Knowledge of key London Market real estate stakeholders is preferred.
- Established networking and relationship building skills.
- Sound knowledge of legislative and regulatory requirements for insurance.
- High level of communication and negotiation skills with the ability to build positive relationships both internally and externally.
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Lead Underwriter - Real Estate, Greater London employer: TN United Kingdom
Contact Detail:
TN United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Lead Underwriter - Real Estate, Greater London
✨Tip Number 1
Make sure to leverage your existing network in the London Market. Reach out to brokers and industry contacts to express your interest in the Lead Underwriter position. Building relationships before applying can give you an edge.
✨Tip Number 2
Attend industry events and networking opportunities related to real estate underwriting. Engaging with potential colleagues and clients can help you gain insights into the company culture and expectations, making you a more attractive candidate.
✨Tip Number 3
Stay updated on the latest trends and changes in the real estate market and insurance regulations. Demonstrating your knowledge during interviews will show that you are proactive and well-informed, which is crucial for a Lead Underwriter role.
✨Tip Number 4
Consider seeking mentorship from experienced underwriters in the London Market. Their guidance can provide you with valuable insights and tips on how to excel in the interview process and what specific skills to highlight.
We think you need these skills to ace Lead Underwriter - Real Estate, Greater London
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Lead Underwriter position. Understand the key responsibilities and required skills, especially focusing on London Market underwriting experience and relationship-building capabilities.
Tailor Your CV: Customize your CV to highlight relevant experience in real estate underwriting and any previous roles that demonstrate your negotiation and sales skills. Make sure to include specific examples of how you've successfully managed large cases or portfolios.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role and the company. Mention your understanding of their commitment to broker partners and how you can contribute to their growth plans.
Highlight Networking Skills: In your application, emphasize your established networking and relationship-building skills. Provide examples of how you've developed strong trading relationships with brokers or clients in the past, as this is crucial for the role.
How to prepare for a job interview at TN United Kingdom
✨Showcase Your Underwriting Expertise
Be prepared to discuss your experience in London Market underwriting, particularly with slip-based business and bespoke wordings. Highlight specific examples where you've successfully managed large cases or portfolios in the real estate sector.
✨Demonstrate Relationship Building Skills
Since this role involves developing strong trading relationships with brokers, come ready to share how you've built and maintained professional relationships in the past. Use concrete examples to illustrate your networking abilities and how they contributed to business growth.
✨Prepare for Technical Questions
Expect questions that assess your knowledge of legislative and regulatory requirements in insurance. Brush up on relevant regulations and be ready to explain how you ensure compliance in your underwriting practices.
✨Exhibit Strong Communication Skills
As a Lead Underwriter, effective communication is key. Practice articulating your thoughts clearly and confidently, especially when discussing complex underwriting concepts. Be prepared to lead discussions and presentations, showcasing your ability to engage both brokers and clients.