At a Glance
- Tasks: Underwrite risks, review submissions, and calculate premiums for partnerships.
- Company: Join a leading firm in the insurance sector based in London.
- Benefits: Enjoy a permanent role with opportunities for growth and development.
- Why this job: Be part of a dynamic team shaping risk strategies and making impactful decisions.
- Qualifications: Experience in underwriting, especially in Property or Casualty, is a plus.
- Other info: Ideal for analytical thinkers who thrive in a fast-paced environment.
The predicted salary is between 48000 - 72000 Β£ per year.
The Underwriter will underwrite risk within the Partnerships division, ensuring effective risk selection, governance and resources are in place to develop the strategy, implement the business plan, monitor performance and meet regulatory requirements.
Location: London
Type: Permanent
Key Duties (Including but not limited to):
- Reviewing opportunities/submissions including applications, policy wording, inspection reports, loss runs and financial reports while conducting appropriate research to determine degree of risk for each account/partnership agreement.
- Calculating appropriate risk premium by utilising pricing tools for the specific line of business with additional consideration for reinsurance and other costs while ensuring profitability.
- Processing entries, as required, properly onto relevant systems in a timely manner ensuring accuracy of data with relation to both underwriting and exposures.
- Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy.
- An understanding of underwriting and insurance knowledge β experience of writing Property, Casualty or delegated business would be beneficial.
- An understanding of relevant software including Excel, data/MI tools and catastrophe models.
- Excellent analytical and technical skills.
Partnerships Underwriter β 28423 employer: The Emerald Group
Contact Detail:
The Emerald Group Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Partnerships Underwriter β 28423
β¨Tip Number 1
Familiarise yourself with the specific types of risks associated with partnerships in the insurance sector. Understanding the nuances of Property and Casualty underwriting will give you an edge during interviews.
β¨Tip Number 2
Brush up on your analytical skills by practising with data analysis tools and catastrophe models. Being able to demonstrate your proficiency in these areas can set you apart from other candidates.
β¨Tip Number 3
Network with professionals in the underwriting field, especially those who work in partnerships. Engaging in conversations can provide insights into the role and may even lead to referrals.
β¨Tip Number 4
Stay updated on industry trends and regulatory changes that affect underwriting practices. Showing that you are informed about the current landscape can impress interviewers and demonstrate your commitment to the role.
We think you need these skills to ace Partnerships Underwriter β 28423
Some tips for your application π«‘
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Partnerships Underwriter. Familiarise yourself with key duties such as risk assessment, premium calculation, and policy management.
Tailor Your CV: Highlight relevant experience in underwriting, particularly in Property and Casualty. Emphasise your analytical skills and familiarity with software tools like Excel and data/MI tools that are crucial for this role.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the position and how your background aligns with the company's needs. Mention specific experiences that demonstrate your ability to assess risk and manage policies effectively.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no typos or grammatical errors, as attention to detail is vital in underwriting roles.
How to prepare for a job interview at The Emerald Group
β¨Know Your Underwriting Basics
Make sure you brush up on your underwriting knowledge, especially in Property and Casualty. Be prepared to discuss how you assess risk and what factors influence your decisions.
β¨Familiarise Yourself with Relevant Software
Since the role requires proficiency in tools like Excel and data/MI tools, itβs a good idea to showcase your experience with these. Consider preparing examples of how you've used these tools in past roles.
β¨Demonstrate Analytical Skills
Prepare to discuss specific instances where your analytical skills made a difference in your previous work. Highlight how you approached complex problems and the outcomes of your decisions.
β¨Understand the Business Strategy
Research the companyβs partnerships division and understand their business strategy. Be ready to discuss how you can contribute to their goals and what you believe are key considerations for successful risk selection.