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- Tasks: Evaluate and underwrite property insurance for various commercial and residential risks.
- Company: Join a leading insurance business experiencing exciting growth.
- Benefits: Enjoy 100% remote work and flexible hours with competitive pay.
- Why this job: Be part of a dynamic team making impactful decisions in the insurance industry.
- Qualifications: Experience in Property Underwriting is essential; strong communication skills are a must.
- Other info: Opportunity to develop your skills and grow within a supportive environment.
The predicted salary is between 36000 - 60000 £ per year.
Our client is a leading insurance business and they are now looking to recruit a Property Underwriter for a 100% remote home working role to be responsible for the evaluation, product proposition including rate setting and underwriting of property owners (Residential and Commercial) Unoccupied Properties, Package SME retail, Leisure, Office and Surgeries Package as well as Commercial Combined in accordance with the approved business plan. This is a great opportunity to join a highly successful organisation at an exciting stage of growth.
Principle Accountabilities
- Risk assessing, working with Market rates and Terms
- Supporting MGA’s delegated authorities/binders (and any others required) by producing an underwriting profit on various lines of commercial business primarily Property/Package/Commercial Combined and Liability.
- Review and analyse insurance applications for Property, Package, Commercial Combined risks
- Monitor loss ratio and ensuring a combined operating ratio is achievable for all parties. Ensuring maximum G.W.P and commission
- Construct Policy Wordings
- To support the Group Underwriting Manager in expanding the account line with the syndicate plans whilst maintaining a focus on bottom line improvement
- Monitor accuracy of contracts (contract certainty)
- Assist in preparation of statistics and documentation as required
- Pricing and analysis of new and renewal binding authorities
- Monitor risk level data
- Stay updated on industry trends, regulations, and guidelines to ensure compliance and accurate risk assessment
- Assist Group Underwriting and Development Manager with Conduct Risk and participate in peer review process
- Manage the underwriting guidelines, appetite and authority of the product line
- Operate within delegated authority
- Develop / Share knowledge with team to ensure support and reduce single point of dependency
Skills and Abilities
- Proven track record in Property Underwriting within an MGA, Insurance company, Lloyd’s syndicate or oversight of a Broker DUA
- Understanding, applying, and explaining of core principles, practice, and market knowledge
- Develops and enhances relationships both internally and externally. Demonstrates effective communication skills and an ability to communicate at all levels
Property Underwriter - 100% remote employer: WH Finance Ltd
Contact Detail:
WH Finance Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Property Underwriter - 100% remote
✨Tip Number 1
Familiarise yourself with the latest trends in property underwriting and insurance regulations. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly evolving industry.
✨Tip Number 2
Network with professionals in the insurance sector, especially those working in property underwriting. Engaging with industry peers can provide valuable insights and potentially lead to referrals that could enhance your chances of landing the job.
✨Tip Number 3
Prepare to discuss specific examples from your past experience that showcase your skills in risk assessment and underwriting. Being able to articulate your successes and challenges will set you apart from other candidates.
✨Tip Number 4
Demonstrate your ability to work remotely by highlighting any previous remote work experience or relevant skills. Emphasising your self-discipline and communication skills will reassure employers that you can thrive in a 100% remote role.
We think you need these skills to ace Property Underwriter - 100% remote
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in Property Underwriting. Focus on relevant roles and responsibilities that align with the job description, such as risk assessment and policy wording construction.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the insurance industry and your specific skills related to the role. Mention your proven track record in Property Underwriting and how you can contribute to the company's growth.
Highlight Relevant Skills: In your application, emphasise skills such as communication, relationship building, and analytical abilities. These are crucial for the role and should be evident in your examples.
Show Industry Knowledge: Demonstrate your awareness of current trends and regulations in the insurance sector. This will show that you are proactive and well-informed, which is essential for a Property Underwriter.
How to prepare for a job interview at WH Finance Ltd
✨Know Your Numbers
As a Property Underwriter, you'll need to demonstrate your understanding of risk assessment and market rates. Brush up on key metrics like loss ratios and combined operating ratios, as well as how they apply to the role.
✨Showcase Your Experience
Be prepared to discuss your previous experience in Property Underwriting, especially within an MGA or insurance company. Highlight specific examples where you successfully managed underwriting guidelines or improved profitability.
✨Stay Updated on Industry Trends
Familiarise yourself with the latest trends and regulations in the insurance industry. Being able to discuss current events or changes in compliance will show that you're proactive and knowledgeable.
✨Demonstrate Communication Skills
Effective communication is key in this role. Prepare to explain complex concepts clearly and concisely, and think of examples where you've successfully built relationships with internal teams or external partners.
