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For Companies At a Glance
- Tasks: Underwrite and manage a profitable portfolio while collaborating with brokers.
- Company: Join a fast-growing Managing General Agent specialising in Commercial insurance.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth.
- Why this job: Be part of a team that values innovation and strong broker relationships.
- Qualifications: Experience in underwriting with strong analytical and decision-making skills required.
- Other info: Ideal for those looking to make an impact in the insurance industry.
The predicted salary is between 36000 - 60000 £ per year.
Job Opportunity: Development Underwriter (Commercial Insurance)
A well-established and fast-growing Managing General Agent (MGA), specialising in Commercial insurance across London and regional markets, is seeking an experienced and commercially-minded Development Underwriter to join its Property and Casualty team.
This role involves underwriting new and renewal business within delegated authority levels, collaborating with brokers to grow a profitable portfolio, identifying new business opportunities, and ensuring regulatory compliance.
Key Responsibilities
- Underwrite and manage a profitable portfolio in line with underwriting guidelines.
- Develop and maintain strong broker relationships to drive retention and new business.
- Evaluate risk and ensure compliance with all regulatory requirements.
- Work with internal teams to identify cross-selling and scheme opportunities.
- Meet personal and team performance goals.
Skills and Experience Required
- Underwriting experience, preferably in a trading or development capacity.
- Strong broker network and excellent interpersonal, analytical, and decision-making skills.
- A commercial mindset and the ability to work independently and proactively.
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Commercial Development Underwriter employer: IDEX Consulting
Contact Detail:
IDEX Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Development Underwriter
✨Tip Number 1
Network with professionals in the commercial insurance sector. Attend industry events or webinars to connect with brokers and other underwriters, as building relationships can significantly enhance your chances of landing this role.
✨Tip Number 2
Familiarise yourself with the latest trends and regulations in commercial insurance. Being knowledgeable about current market conditions and compliance requirements will demonstrate your commitment and expertise during interviews.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed underwriting portfolios in the past. Highlighting your achievements and decision-making skills will help you stand out as a strong candidate.
✨Tip Number 4
Showcase your commercial mindset by discussing how you've identified new business opportunities in previous roles. This will illustrate your proactive approach and ability to contribute to the company's growth.
We think you need these skills to ace Commercial Development Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant underwriting experience, particularly in commercial insurance. Emphasise your ability to manage a profitable portfolio and any specific achievements that demonstrate your skills in developing broker relationships.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss your commercial mindset and how your experience aligns with the responsibilities of the Development Underwriter position. Be sure to mention your strong broker network and any successful projects you've led.
Showcase Analytical Skills: Since the role requires strong analytical skills, consider including examples in your application that demonstrate your ability to evaluate risk and make informed decisions. This could be through specific case studies or metrics from previous roles.
Highlight Regulatory Knowledge: Ensure you mention your understanding of regulatory compliance within the insurance sector. Providing examples of how you've ensured compliance in past roles can strengthen your application and show your suitability for the position.
How to prepare for a job interview at IDEX Consulting
✨Know Your Underwriting Basics
Brush up on your underwriting knowledge, especially in commercial insurance. Be prepared to discuss your experience with underwriting guidelines and how you've managed portfolios in the past.
✨Showcase Your Broker Relationships
Highlight your existing broker network and any successful collaborations you've had. Discuss specific examples of how these relationships have helped you grow a profitable portfolio.
✨Demonstrate Your Analytical Skills
Be ready to talk about how you evaluate risk and make decisions. Prepare to share examples of how your analytical skills have led to successful outcomes in previous roles.
✨Emphasise Your Commercial Mindset
Illustrate your proactive approach to identifying new business opportunities. Share instances where you've successfully cross-sold or developed schemes that benefited your previous employers.
