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For Companies 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 commercial insurance knowledge, and excellent negotiation skills.
- Other info: CII certification is a plus; perfect for those eager to grow their expertise.
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, especially SME products. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the insurance industry, particularly those who work as underwriters or brokers. Attend industry events or join relevant online forums to build connections that could lead to referrals or insider information about the role.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed risk and negotiated terms in previous roles. Having concrete stories ready will showcase your experience and problem-solving skills effectively.
✨Tip Number 4
Research the company’s values and recent achievements. Tailoring your conversation to align with their goals and demonstrating how you can contribute to their growth will make a strong impression during any discussions.
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 new business, managing mid-term adjustments, and building relationships with brokers.
Tailor Your CV: Highlight your relevant experience in underwriting, insurance, or broking. Emphasise your negotiation skills, attention to detail, and any CII certification or progression towards it. Make sure your CV reflects your ability to manage workloads and meet deadlines.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for underwriting and your understanding of commercial insurance. Mention specific examples from your past experiences that demonstrate your skills and how they align with the role's requirements.
Follow Application Instructions: When you're ready to apply, ensure you follow the application instructions carefully. Send your application to the provided email address and include all necessary documents. Double-check for any specific requirements mentioned in the job description.
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 concrete examples of how you've met deadlines in previous roles will show that you can handle the demands of the position.
✨Express Your Desire for Growth
Convey your enthusiasm for continuous professional development. Mention any relevant certifications, like CII, or your plans to pursue further qualifications, as this aligns with the company's focus on career progression.
