At a Glance
- Tasks: Negotiate business terms, manage renewals, and provide top-notch service to brokers.
- Company: Join a fast-growing MGA with a dynamic insurance team focused on SME products.
- Benefits: Enjoy a competitive salary, performance bonuses, and flexible remote work options.
- Why this job: Great career progression in a thriving business with a supportive culture.
- Qualifications: Passion for underwriting, strong negotiation skills, and a desire for professional growth.
- Other info: CII certification is a plus; apply now to kickstart your underwriting career!
The predicted salary is between 28000 - 42000 £ per year.
IPS Group is partnering with a fast-growing MGA that is seeking experienced Commercial Underwriters to join their dynamic insurance team. This is an exciting opportunity for professionals with a background in underwriting, insurance, or broking to take on a key role within a thriving business, focusing on SME insurance products. The positions are available due to continued business growth.
The Role:
As a Commercial Underwriter, you will be responsible for negotiating new business terms, securing renewals, managing mid-term adjustments (MTAs), and providing exceptional service to brokers. You will play a vital role in managing risk, making informed decisions, and contributing to the growth and profitability of the business.
Some Key Responsibilities:
- Underwrite new business terms, secure renewals, and manage mid-term adjustments (MTAs) profitably and effectively.
- Build and maintain strong relationships with brokers and other stakeholders, ensuring excellent service and customer satisfaction.
- Collaborate with sales teams, underwriting management, and other business lines to deliver company objectives.
Skills and Experience:
The ideal candidate will be passionate about underwriting and insurance, with the following skills and experience:
- A strong understanding of commercial insurance.
- The ability to manage your workload, prioritise tasks, and meet deadlines.
- Excellent negotiation and customer service skills.
- High attention to detail, organisation, and communication skills.
- Commercial awareness and a proactive, trading mindset.
- Ability to work independently and take initiative.
- A desire for continuous professional development and growth in technical knowledge.
- CII certification (or progression towards) is desirable.
Why This Role?
- Career Progression: Be part of a growing business with plenty of room to develop your skills and progress your career.
- Great Benefits: Along with a competitive salary, you’ll enjoy benefits and performance-based bonuses.
- Work Flexibility: Enjoy office-based work with the option of remote working, offering you a great work-life balance. This is offered once up to speed.
How to Apply:
If you’re passionate about moving into underwriting and looking to take the next step in your career, apply now and take advantage of this exciting opportunity!
Email: Alexander.ballantine@ipsgroup.co.uk
Number: 0121 392 9061 / 07967 701036
Commercial Insurance Underwriter employer: IPS Group
Contact Detail:
IPS Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Insurance Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in commercial insurance. Understanding the current market dynamics and emerging risks will help you engage in meaningful conversations during interviews and demonstrate your expertise.
✨Tip Number 2
Network with professionals in the insurance industry, especially those working as underwriters or brokers. Attend industry events or join relevant online forums to build connections that could lead to referrals or insider information about job openings.
✨Tip Number 3
Prepare for potential interview questions by practising your negotiation skills. Since the role involves negotiating terms with brokers, showcasing your ability to handle these discussions confidently can set you apart from other candidates.
✨Tip Number 4
Research the company thoroughly before your interview. Understand their products, values, and recent developments. This knowledge will not only help you tailor your responses but also show your genuine interest in joining their team.
We think you need these skills to ace Commercial Insurance Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Commercial Underwriter. Familiarise yourself with key terms like underwriting, renewals, and mid-term adjustments to demonstrate your knowledge in your application.
Tailor Your CV: Customise your CV to highlight relevant experience in underwriting, insurance, or broking. Emphasise your negotiation skills, customer service experience, and any specific achievements that align with the job description.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for underwriting and your understanding of commercial insurance. Mention how your skills and experiences make you a perfect fit for the role and the company.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for spelling and grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail.
How to prepare for a job interview at IPS Group
✨Showcase Your Underwriting Knowledge
Make sure to brush up on your understanding of commercial insurance products. Be prepared to discuss specific underwriting principles and how they apply to SME insurance, as this will demonstrate your expertise and passion for the role.
✨Highlight Your Negotiation Skills
Since negotiation is a key part of the job, think of examples from your past experiences where you successfully negotiated terms or managed client relationships. This will help illustrate your ability to secure renewals and manage mid-term adjustments effectively.
✨Demonstrate Your Organisational Skills
Prepare to discuss how you manage your workload and prioritise tasks. Providing examples of how you've met deadlines in previous roles will show that you can handle the demands of the position while maintaining high attention to detail.
✨Express Your Desire for Growth
Convey your enthusiasm for continuous professional development and your commitment to advancing your technical knowledge. Mention any relevant certifications, like CII, or your plans to pursue them, as this aligns with the company's focus on career progression.