At a Glance
- Tasks: Join our team as a Motor Fleet Underwriter, managing quotes and renewals for diverse risks.
- Company: Be part of a leading Motor Insurer in the heart of London, known for innovation.
- Benefits: Enjoy competitive pay, training opportunities, and a supportive work environment.
- Why this job: Develop your skills while making an impact in a dynamic industry with growth potential.
- Qualifications: Strong experience in Motor Fleet Underwriting is essential; passion for learning is a plus.
- Other info: Opportunity to mentor and train others while advancing your career in underwriting.
The predicted salary is between 36000 - 60000 £ per year.
I am currently recruiting for a leading Motor Insurer who are seeking an Underwriter to join their growing Motor Fleet team. This position will entail being responsible for writing a range of medium to complex risks within the Motor Fleet risk appetite. It will also support team members with lower authority by helping to develop their technical knowledge. Someone with strong Motor Fleet Underwriting experience is required for this role.
Key Responsibilities
- Support the execution of the underwriting strategy for the Motor Fleet class, ensuring all activities are within the agreed risk appetite and personal authority, including processing quotes, renewals, mid-term adjustments, and cancellations.
- Contribute to the development of the underwriting appetite for our product(s).
- Assist in managing portfolio performance by analysing results and providing recommendations for improvement.
- Collaborate with the operational leadership and technical training teams to identify training needs, and provide feedback, coaching, and training to enhance team competency and performance.
- Serve as the first line of defence by understanding and adhering to the zero-tolerance fraud strategy.
- Maintain a strong awareness of and ensure compliance with all regulatory requirements.
- Follow the complaint handling process and aim to resolve complaints informally whenever possible.
Motor Fleet Underwriter in City of London employer: High Finance (UK) Limited
Contact Detail:
High Finance (UK) Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Motor Fleet Underwriter in City of London
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in the motor fleet insurance sector. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly evolving industry.
✨Tip Number 2
Network with professionals already working in motor fleet underwriting. Attend industry events or join relevant online forums to connect with others in the field. These connections can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed complex risks in previous roles. Highlighting your experience with portfolio performance analysis and your approach to training and supporting team members will set you apart from other candidates.
✨Tip Number 4
Research the company’s underwriting strategy and recent developments. Understanding their risk appetite and how they handle fraud prevention will allow you to tailor your responses in interviews, showing that you're aligned with their goals.
We think you need these skills to ace Motor Fleet Underwriter in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your specific experience in Motor Fleet Underwriting. Include relevant roles, responsibilities, and achievements that demonstrate your ability to handle medium to complex risks.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the underwriting strategy and your experience in managing portfolio performance. Mention how you can contribute to the team and support the development of less experienced colleagues.
Highlight Compliance Knowledge: Emphasise your awareness of regulatory requirements and your commitment to adhering to fraud strategies. This is crucial for the role, so provide examples of how you've ensured compliance in previous positions.
Showcase Team Collaboration Skills: In your application, illustrate your ability to work collaboratively with operational leadership and training teams. Provide examples of how you've contributed to team competency and performance through coaching or feedback.
How to prepare for a job interview at High Finance (UK) Limited
✨Know Your Underwriting Fundamentals
Make sure you have a solid understanding of motor fleet underwriting principles. Be prepared to discuss your experience with medium to complex risks and how you've successfully managed them in the past.
✨Demonstrate Team Leadership Skills
Since the role involves supporting team members, be ready to share examples of how you've coached or mentored others in your previous positions. Highlight any specific training initiatives you've led.
✨Showcase Analytical Abilities
The job requires managing portfolio performance through analysis. Prepare to discuss how you've used data to make informed decisions and improve underwriting outcomes in your previous roles.
✨Understand Regulatory Compliance
Familiarise yourself with the regulatory requirements relevant to motor fleet underwriting. Be ready to explain how you've ensured compliance in your past work and how you would approach it in this new role.