At a Glance
- Tasks: Support the Class Underwriter in business planning, audits, and risk evaluation.
- Company: Join a leading insurance firm focused on innovation and growth.
- Benefits: Enjoy flexible working options, competitive salary, and professional development opportunities.
- Why this job: Be part of a dynamic team making impactful decisions in the insurance industry.
- Qualifications: No prior experience required; enthusiasm and willingness to learn are key!
- Other info: Great opportunity for networking and building relationships in the market.
The predicted salary is between 36000 - 60000 £ per year.
Business Planning:
- Preparation: To support the Class Underwriter in the preparation of the Business Plan as required.
- Maintenance: To ensure that the business plan is maintained in line with the Key Performance Indicators established by the Underwriting Committee.
- Strategy: To understand and ensure that the strategy is fully supported within the Underwriter Role.
Report & Accounts:
- To assist the Class Underwriter with preparation of data for inclusion in the company report and accounts.
Underwriting:
- Client Audits: Assist and support the Class Underwriter with Client Audits ensuring that changes implemented by the Class Underwriter are maintained.
- Key Relationships: To develop key relationships with the market, specifically within Broking houses.
- Capacity: Monitor the capacity so that the Class Underwriter can ensure that appropriate business is being written.
- Evaluation and Control: Underwrite insurance and re-insurance risks in accordance with the approved business plan, subject to individual authorisation levels, referring to the Class Underwriter as appropriate.
- Business Development: To assist the Class Underwriter in the research and development of new business.
- Peer Review: To support the Class Underwriter and present own risks at Peer Review meetings and to participate in discussions on risks written by other areas of the division.
- Compliance:
- Recording & Reporting: Assist the Class Underwriter in ensuring that recording and reporting of relevant information is done within regulatory boundaries.
- Regulatory Issues: Ensure that all risks are written within regulatory guidelines.
Underwriter (Cargo) employer: Brit Insurance
Contact Detail:
Brit Insurance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter (Cargo)
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in the cargo insurance sector. This knowledge will not only help you understand the role better but also demonstrate your commitment to staying updated during interviews.
✨Tip Number 2
Network with professionals in the underwriting field, especially those working in cargo insurance. Attend industry events or join relevant online forums to build connections that could lead to valuable insights or referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed client relationships or contributed to business development in previous roles. This will showcase your ability to support the Class Underwriter effectively.
✨Tip Number 4
Understand the importance of compliance in underwriting. Be ready to explain how you have ensured adherence to regulatory guidelines in past experiences, as this is crucial for the role.
We think you need these skills to ace Underwriter (Cargo)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of an Underwriter (Cargo). Familiarise yourself with the key tasks mentioned in the job description, such as business planning, client audits, and compliance.
Tailor Your CV: Customise your CV to highlight relevant experience and skills that align with the job requirements. Emphasise your background in underwriting, business development, and any experience with regulatory compliance.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and how your skills can contribute to the company's success. Mention specific examples from your past experiences that relate to the tasks outlined in the job description.
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 Brit Insurance
✨Understand the Business Plan
Familiarise yourself with the company's business plan and Key Performance Indicators. Be prepared to discuss how your role as an Underwriter will support these objectives and demonstrate your understanding of the strategic goals.
✨Showcase Your Relationship-Building Skills
Highlight your experience in developing key relationships, especially within broking houses. Prepare examples of how you've successfully built and maintained professional relationships in previous roles.
✨Demonstrate Compliance Knowledge
Be ready to discuss your understanding of regulatory guidelines and how you ensure compliance in underwriting practices. This shows that you are not only focused on business development but also on maintaining high standards of governance.
✨Prepare for Peer Review Discussions
Think about how you would present your own risks at Peer Review meetings. Be prepared to discuss your thought process and decision-making when it comes to evaluating risks, as this will showcase your analytical skills and ability to collaborate.