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For Companies At a Glance
- Tasks: Underwrite Non-Standard policies and manage broker relationships to maximize business retention.
- Company: Join a leading global insurance group with a strong reputation in the industry.
- Benefits: Enjoy a competitive salary, bonuses, share options, and hybrid work flexibility.
- Why this job: Great promotional prospects and the chance to impact the insurance landscape.
- Qualifications: Experience in Non-Standard Underwriting, preferably in Commercial Property or Household.
- Other info: Work hybrid from Basildon and collaborate with a dynamic team.
The predicted salary is between 45000 - 50000 £ per year.
Job Description
Non-Standard Underwriter
Hybrid – two days from the Basildon office
Salary – £45,000 to £50,000 p.a. + bonus + benefits including share options.
Fantastic Opportunity for experienced Underwriter with strong Non-Standard underwriting experience to join this highly successful global insurance group and Lloyd’s underwriting agency. You will work Hybrid from their office in Basildon. Great promotional prospects.
The role of the underwriting department is to evaluate the risk and exposures of customers for new business, mid-term adjustments and renewals from a network of brokers in the UK and Ireland. Quoting, converting and retaining business to meet budget and underwriting performance targets for the range of specialist insurance product.
Duties for Non Standard Underwriter
- Underwrite Non Standard policies in accordance with the company’s Internal Underwriting Guide and the Underwriting authority awarded.
- Trade with Brokers to maximise conversion and retention within your authority.
- Monthly reporting to Line Manager.
- Renewal/Existing and New Business Control.
- Take underwriting referrals from other offices, when outside individuals level of authority.
- Understand/support and drive income, conversion and retention objectives.
- Conduct Peer Reviews as allocated and as per PP003 – UNDERWRITING PEER REVIEW PROCESS.
- Assist in the development of new and existing products.
- Deal with incoming enquiries from clients, insurers and other third parties in a professional and timely manner.
- To underwrite taking all necessary care to protect the interest of our capacity providers.
- Carry out macro underwriting tasks as required.
- Perform other duties from time to time as determined by the management.
Experience Required for Non Standard Underwriter
- Previous Non Standard Underwriting experience either ideally within Commercial Property, Household or Trading Underwriting.
- Experience working in an MGA, insurance company or Lloyds Syndicate.
Non Standard Underwriter employer: Shenley Recruitment
Contact Detail:
Shenley Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Non Standard Underwriter
✨Tip Number 1
Make sure to highlight your specific experience in Non-Standard underwriting, especially if it relates to Commercial Property, Household, or Trading Underwriting. This will show that you have the relevant background that the hiring team is looking for.
✨Tip Number 2
Familiarize yourself with the company's Internal Underwriting Guide and be prepared to discuss how you would apply it in real scenarios. This demonstrates your proactive approach and understanding of their processes.
✨Tip Number 3
Network with professionals in the insurance industry, particularly those who work with MGAs or Lloyd's Syndicates. Building connections can provide valuable insights and potentially lead to referrals.
✨Tip Number 4
Prepare to discuss your strategies for maximizing conversion and retention rates. Having concrete examples ready will illustrate your capability to meet the company's income objectives.
We think you need these skills to ace Non Standard Underwriter
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Non-Standard Underwriter position. Highlight key responsibilities and required experience, such as underwriting non-standard policies and working with brokers.
Tailor Your CV: Customize your CV to emphasize your relevant experience in non-standard underwriting, particularly in commercial property, household, or trading underwriting. Use specific examples that demonstrate your skills and achievements in these areas.
Craft a Compelling Cover Letter: Write a cover letter that connects your background to the job requirements. Mention your previous experience in an MGA, insurance company, or Lloyd's syndicate, and explain how you can contribute to the company's goals.
Highlight Key Skills: In both your CV and cover letter, make sure to highlight essential skills such as risk evaluation, broker negotiation, and reporting. These are crucial for the role and will help you stand out to the hiring team.
How to prepare for a job interview at Shenley Recruitment
✨Showcase Your Non-Standard Underwriting Experience
Be prepared to discuss your previous experience in non-standard underwriting, especially within commercial property, household, or trading underwriting. Highlight specific examples where you successfully evaluated risks and made decisions that positively impacted the business.
✨Understand the Company’s Underwriting Guide
Familiarize yourself with the company's internal underwriting guide and be ready to explain how you would apply it in real scenarios. This shows that you are proactive and understand the importance of adhering to guidelines while making sound underwriting decisions.
✨Demonstrate Your Broker Trading Skills
Prepare to discuss your experience in trading with brokers. Share examples of how you've maximized conversion and retention rates in your previous roles. This will illustrate your ability to build relationships and negotiate effectively.
✨Highlight Your Reporting and Analytical Skills
Since monthly reporting to the line manager is part of the role, be ready to talk about your experience with reporting and analysis. Discuss how you track performance metrics and use data to inform your underwriting decisions.
