Senior Underwriter - Mining and Process Industries
Senior Underwriter - Mining and Process Industries

Senior Underwriter - Mining and Process Industries

London Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Underwrite profitable business and develop broker relationships in the mining and process industries.
  • Company: Starr Insurance is a global leader in commercial property and casualty insurance, established in 1919.
  • Benefits: Enjoy first-class training, development opportunities, and a commitment to inclusivity.
  • Why this job: Join a fast-growing organization with a strong reputation and opportunities for professional growth.
  • Qualifications: Relevant underwriting experience and ACII qualification required; knowledge of Lloyd’s standards is a plus.
  • Other info: Starr values diversity and is committed to creating an inclusive environment for all employees.

The predicted salary is between 43200 - 72000 £ per year.

Senior Underwriter – Mining and Process Industries

Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.

Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.

Roles & Responsibilities

  • Underwrite profitable business in accordance with business plans.
  • Adhere to all Starr underwriting standards as outlined in the Underwriting Manual.
  • Obtain sign-off for all business that is in excess of agreed authority levels or where any factor falls below rating guidelines.
  • Adhere to rating tools and guidelines.
  • Ensure that underwriting documentation, both paper and electronic, is accurate, complete, up-to-date and meet Lloyd’s standards.
  • Ensure that the policy wordings and clauses are slip referenced and agreed.
  • Ensure that all accounts are contract certain at the time of binding.
  • Develop broker relationships and optimise opportunities to lead business.
  • Explore client and company knowledge to identify and optimise cross-selling opportunities.

Experience

  • Relevant underwriting experience in the class of business;
  • Knowledge of Lloyd’s Franchise Board standards, PRA and FCA regulatory framework;
  • Good understanding of pricing/rating tools;
  • Understanding of market wordings and clauses;
  • Up-to-date knowledge of claims to inform future underwriting decisions.

Skills

  • Analytical and problem solving skills;
  • Negotiation, judgment and decision making skills;
  • Strong numeracy skills;
  • Professional business writing and presentation skills;
  • Strong communicator, both written and oral;
  • Technical coaching;
  • Business development;
  • Report writing.

Systems & IT

  • Eclipse;
  • Salesforce;
  • MS Office – Excel, Access, Word and Outlook.

Qualifications

  • ACII.

Starr is an equal opportunity employer, which means we\’ll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we\’re committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.

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Senior Underwriter - Mining and Process Industries employer: Starr Companies

Starr Insurance Companies is an exceptional employer, offering a dynamic work environment that fosters professional growth and development in the insurance industry. With a commitment to inclusivity and merit-based recruitment, employees benefit from first-class training opportunities and a culture that encourages collaboration and innovation. Located in a global hub, this role provides unique exposure to diverse markets and the chance to build meaningful relationships within the mining and process industries.
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Contact Detail:

Starr Companies Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Underwriter - Mining and Process Industries

✨Tip Number 1

Familiarize yourself with the Lloyd’s Franchise Board standards and the PRA and FCA regulatory framework. This knowledge will not only help you in the interview but also demonstrate your commitment to understanding the industry.

✨Tip Number 2

Build a strong understanding of pricing and rating tools relevant to the mining and process industries. Being able to discuss these tools confidently can set you apart from other candidates.

✨Tip Number 3

Network with professionals in the insurance and underwriting sectors, especially those with experience in mining and process industries. This can provide you with valuable insights and potentially lead to referrals.

✨Tip Number 4

Prepare to showcase your analytical and problem-solving skills through real-world examples. Be ready to discuss how you've used these skills in past roles to make informed underwriting decisions.

We think you need these skills to ace Senior Underwriter - Mining and Process Industries

Analytical Skills
Problem-Solving Skills
Negotiation Skills
Judgment and Decision-Making Skills
Strong Numeracy Skills
Professional Business Writing
Presentation Skills
Strong Communication Skills
Technical Coaching
Business Development
Report Writing
Knowledge of Lloyd’s Franchise Board Standards
Understanding of Pricing/Rating Tools
Familiarity with Market Wordings and Clauses
Up-to-Date Knowledge of Claims

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Senior Underwriter position. Tailor your application to highlight relevant experience in underwriting, particularly in the mining and process industries.

Highlight Relevant Experience: In your CV and cover letter, emphasize your underwriting experience, especially any familiarity with Lloyd’s standards and regulatory frameworks. Provide specific examples of how you've successfully underwritten profitable business in the past.

Showcase Your Skills: Demonstrate your analytical, negotiation, and problem-solving skills in your application. Use concrete examples to illustrate your strong numeracy and professional writing abilities, as these are crucial for the role.

Tailor Your Documents: Customize your CV and cover letter for this specific job. Make sure to include keywords from the job description, such as 'business development' and 'report writing', to ensure your application stands out to recruiters.

How to prepare for a job interview at Starr Companies

✨Understand Underwriting Standards

Make sure you are familiar with Starr's underwriting standards and the Underwriting Manual. Be prepared to discuss how your previous experience aligns with these standards and how you can ensure compliance in your role.

✨Showcase Analytical Skills

Highlight your analytical and problem-solving skills during the interview. Prepare examples of how you've used these skills in past underwriting situations, especially in relation to pricing and rating tools.

✨Demonstrate Relationship Building

Since developing broker relationships is key, come ready to discuss your approach to building and maintaining professional relationships. Share specific examples of how you've successfully led business through strong partnerships.

✨Prepare for Technical Questions

Expect technical questions related to Lloyd’s standards, market wordings, and clauses. Brush up on your knowledge in these areas and be ready to explain how you would apply this knowledge in your underwriting decisions.

Senior Underwriter - Mining and Process Industries
Starr Companies
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  • Senior Underwriter - Mining and Process Industries

    London
    Full-Time
    43200 - 72000 £ / year (est.)

    Application deadline: 2027-03-27

  • S

    Starr Companies

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