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For Companies At a Glance
- Tasks: Lead underwriting and business development for Property, Casualty, and Development lines.
- Company: Join a dynamic team focused on expanding a profitable insurance portfolio.
- Benefits: Enjoy competitive pay, professional development opportunities, and a supportive work culture.
- Why this job: Make an impact by building relationships and driving business growth in a thriving industry.
- Qualifications: Experience in underwriting with strong relationship management skills required.
- Other info: Opportunity to work with innovative systems like Acturis and SchemeServe.
The predicted salary is between 48000 - 84000 £ per year.
We are seeking a highly motivated and experienced Underwriter to lead the expansion of a profitable portfolio while maintaining strong relationships with insurers and brokers. This role involves underwriting responsibilities and business development with a focus on Property, Casualty, and Development lines.
Key Responsibilities:
- Build and sustain special relationships with existing brokers and retail customers, while targeting new brokers through effective marketing of current products.
- Ensure professional service delivery of new business and renewals to meet company income targets in line with regulatory requirements and internal procedures.
- Assist in converting renewals and new business opportunities.
- Maintain complete electronic files using Acturis/SchemeServe/Broker Partners systems.
- Collaborate on actions involving brokers, policyholders, and capacity providers.
- Share expertise with fellow team members and provide support where necessary.
- Resolve enquiries, credit control issues, and problems efficiently to foster positive broker relationships.
- Seek and respond to customer feedback proactively.
- Mitigate and address conflicts of interest effectively.
- Support business unit key performance indicators and targets as directed.
- Comply with regulatory requirements, including the Financial Services and Markets Act 2000, FCA regulations, and internal company policies.
Qualifications and Skills:
- Proven track record in underwriting with expertise in Property, Casualty, and Development lines.
- Strong relationship management skills to build and maintain effective partnerships with brokers and retail customers.
- Proficient in using electronic file management systems (e.g., Acturis/SchemeServe).
- Knowledge of regulatory frameworks, including FCA Code of Conduct (COCON).
- Commitment to ethical behavior and treating customers fairly.
- Dedication to ongoing professional training and development.
Senior Commercial Underwriter employer: IDEX Consulting
Contact Detail:
IDEX Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Commercial Underwriter
✨Tip Number 1
Network with professionals in the insurance industry, especially those who work as brokers or underwriters. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in Property, Casualty, and Development lines.
✨Tip Number 2
Familiarise yourself with the electronic file management systems mentioned in the job description, such as Acturis and SchemeServe. Consider taking online tutorials or courses to enhance your proficiency, as this will demonstrate your commitment to the role.
✨Tip Number 3
Stay updated on regulatory requirements and changes in the Financial Services and Markets Act 2000 and FCA regulations. This knowledge will not only help you in interviews but also show that you are proactive and well-informed about the industry.
✨Tip Number 4
Prepare to discuss specific examples of how you've successfully built and maintained relationships with brokers and retail customers in your previous roles. Highlight your approach to resolving conflicts and ensuring customer satisfaction, as these skills are crucial for this position.
We think you need these skills to ace Senior Commercial Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in underwriting, particularly in Property, Casualty, and Development lines. Use specific examples to demonstrate your relationship management skills and any successful business development initiatives you've led.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background aligns with the key responsibilities outlined in the job description, especially your ability to build relationships with brokers and customers.
Showcase Relevant Skills: Emphasise your proficiency with electronic file management systems like Acturis or SchemeServe. Mention your understanding of regulatory frameworks and your commitment to ethical behaviour, as these are crucial for the role.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail and professionalism.
How to prepare for a job interview at IDEX Consulting
✨Showcase Your Underwriting Expertise
Be prepared to discuss your previous experience in underwriting, particularly in Property, Casualty, and Development lines. Highlight specific examples of how you've successfully managed portfolios and built relationships with brokers.
✨Demonstrate Relationship Management Skills
Since this role heavily relies on building and maintaining relationships, come equipped with examples of how you've effectively engaged with brokers and retail customers. Discuss any strategies you've used to foster these connections.
✨Familiarise Yourself with Regulatory Requirements
Brush up on the Financial Services and Markets Act 2000 and FCA regulations. Being able to articulate your understanding of these frameworks will show that you are compliant and knowledgeable about the industry standards.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities, especially regarding conflict resolution and customer feedback. Think of scenarios where you've successfully navigated challenges and be ready to share those experiences.
