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For Companies At a Glance
- Tasks: Evaluate and manage risk for commercial insurance policies while mentoring junior underwriters.
- Company: Join a dynamic company in the growing insurance market based in Cardiff.
- Benefits: Enjoy a competitive salary, hybrid working options, and career development opportunities.
- Why this job: Be part of a collaborative team that values strong relationships and industry knowledge.
- Qualifications: Experience in P&C underwriting with strong analytical and communication skills required.
- Other info: Relevant industry qualifications like CII or ACII are desirable.
The predicted salary is between 43200 - 72000 £ per year.
Location: Cardiff, UK
Job Type: Full-time / Hybrid
Salary: Competitive
About the Role
As a Senior P&C Underwriter, you will play a pivotal role in assessing and managing risk for commercial insurance policies. You will be responsible for evaluating applications, determining coverage terms, and ensuring profitability while maintaining strong relationships with brokers and clients.
Key Responsibilities
- Assess and underwrite complex P&C insurance risks in accordance with company guidelines.
- Conduct detailed risk analysis and pricing evaluations to ensure profitability.
- Negotiate policy terms and conditions with brokers and clients.
- Maintain strong knowledge of industry trends, regulatory requirements, and market conditions.
- Collaborate with internal teams, including claims and actuarial departments, to optimize underwriting strategies.
- Provide mentorship and guidance to junior underwriters.
- Ensure compliance with underwriting policies and procedures.
Qualifications & Experience
- Proven experience in P&C underwriting, preferably in a senior role.
- Strong analytical and decision-making skills.
- Excellent communication and negotiation abilities.
- Knowledge of UK insurance regulations and market trends.
- Ability to work independently and as part of a team.
- Relevant industry qualifications (e.g., CII, ACII) are desirable.
Why Join Us?
- Competitive salary and benefits package.
- Opportunity to work in a dynamic and growing insurance market.
- Hybrid working options available.
- Career development and progression opportunities.
Contact Detail:
ProFound 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 are already working as underwriters. Attend industry events or join relevant online forums to connect with potential colleagues and learn more about the role.
✨Tip Number 2
Stay updated on the latest trends and regulations in the UK insurance market. This knowledge will not only help you in interviews but also demonstrate your commitment to the field and your ability to adapt to changes.
✨Tip Number 3
Prepare for potential interview scenarios by practising your negotiation skills. As a Senior Underwriter, you'll need to effectively communicate terms and conditions, so being able to articulate your thoughts clearly is crucial.
✨Tip Number 4
Consider seeking mentorship from someone already in a senior underwriting position. They can provide valuable insights into the role and help you understand what employers like us at StudySmarter are looking for in candidates.
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 P&C underwriting, focusing on your analytical skills and decision-making abilities. Use specific examples that demonstrate your success in assessing and managing risk.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention your relevant qualifications and how your experience aligns with the responsibilities of a Senior Commercial Underwriter.
Highlight Industry Knowledge: In your application, emphasise your knowledge of UK insurance regulations and market trends. This will show that you are well-informed and capable of making sound underwriting decisions.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in underwriting.
How to prepare for a job interview at ProFound
✨Showcase Your Analytical Skills
As a Senior P&C Underwriter, your analytical abilities are crucial. Be prepared to discuss specific examples of how you've assessed complex risks and made decisions based on data. Highlight any tools or methodologies you used in your previous roles.
✨Demonstrate Industry Knowledge
Stay updated on the latest trends and regulations in the UK insurance market. During the interview, reference current events or changes in legislation that could impact underwriting practices. This shows your commitment to the field and your proactive approach.
✨Prepare for Negotiation Scenarios
Negotiation is a key part of the role. Think of past experiences where you successfully negotiated terms with brokers or clients. Be ready to role-play a negotiation scenario during the interview to demonstrate your skills in real-time.
✨Emphasise Team Collaboration
While the role requires independent work, collaboration with internal teams is essential. Share examples of how you've worked with claims or actuarial departments to enhance underwriting strategies. This will illustrate your ability to work well within a team environment.
