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For Companies At a Glance
- Tasks: Underwrite complex property risks and manage reinsurance activities.
- Company: Join a leading Lloyd's Syndicate in the heart of London.
- Benefits: Enjoy competitive salary, professional development, and a collaborative team environment.
- Why this job: Be part of a dynamic team focused on international business with significant growth potential.
- Qualifications: 10+ years of experience in Property underwriting, preferably with Facultative knowledge.
- Other info: Opportunity to engage in continuous learning and enhance your technical expertise.
The predicted salary is between 72000 - 108000 £ per year.
I am currently recruiting for a leading Lloyd's Syndicate seeking a Property Facultative Underwriter to join their growing team. My client desires a candidate with 10+ years of experience underwriting Property business from a Facultative perspective. The role will focus on international business and writing on an XOL basis, though experience with primary business is also considered. The team comprises 6 members, with a significant fire severe book.
Key Responsibilities
- Assist in creating and implementing the business plan for the portfolio.
- Support execution of the business plan and make decisions to optimize outcomes.
- Participate in meetings to exchange ideas, strategies, and best practices.
- Promote the department, division, and company to enhance brand exposure.
- Implement reinsurance strategies to protect the portfolio.
- Manage complex reinsurance activities in compliance with legal and regulatory standards.
- Adhere to underwriting standards, guidelines, and best practices to mitigate risk and improve efficiency.
- Accurately record and assess risks, including Delegated Underwriting Authorities, and develop or adjust policy wordings as needed.
- Apply reinsurance requirements to mitigate risk and support business objectives.
- Engage in continuous learning to enhance technical expertise.
- Underwrite complex risks, negotiate terms, and ensure compliance, while contributing to the business plan and managing credit control.
- Review and analyze portfolio performance to assess progress towards objectives.
- Ensure thorough risk assessment through peer reviews and compliance with underwriting standards and authorities.
Senior Underwriter - Property Facultative employer: HFG
Contact Detail:
HFG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter - Property Facultative
✨Tip Number 1
Network with professionals in the Lloyd's market. Attend industry events, webinars, and conferences to meet potential colleagues and decision-makers. Building relationships can often lead to job opportunities that aren't advertised.
✨Tip Number 2
Stay updated on the latest trends and regulations in property underwriting, especially regarding facultative reinsurance. This knowledge will not only help you in interviews but also demonstrate your commitment to the field.
✨Tip Number 3
Prepare to discuss specific examples of your past underwriting experiences, particularly those involving complex risks and international business. Highlighting your successes and strategies will set you apart from other candidates.
✨Tip Number 4
Familiarise yourself with the company’s portfolio and recent developments. Showing that you’ve done your homework will impress interviewers and allow you to tailor your responses to align with their goals.
We think you need these skills to ace Senior Underwriter - Property Facultative
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your 10+ years of experience in underwriting Property business, particularly from a Facultative perspective. Emphasise any international business experience and your familiarity with XOL and primary business.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your skills align with the key responsibilities mentioned in the job description, such as creating and implementing business plans and managing complex reinsurance activities.
Highlight Relevant Achievements: When detailing your work experience, focus on specific achievements that demonstrate your ability to optimise outcomes and enhance brand exposure. Use metrics where possible to quantify your success in previous roles.
Showcase Continuous Learning: Mention any recent training or certifications that enhance your technical expertise in underwriting. This shows your commitment to professional development and aligns with the company's emphasis on continuous learning.
How to prepare for a job interview at HFG
✨Showcase Your Experience
With over 10 years of experience required, be prepared to discuss specific examples from your career that highlight your expertise in underwriting Property business. Focus on your experience with international business and XOL basis, as well as any relevant primary business.
✨Understand the Business Plan
Familiarise yourself with the key responsibilities of the role, particularly around creating and implementing business plans. Be ready to discuss how you would support execution and optimise outcomes based on your previous experiences.
✨Demonstrate Team Collaboration
Since the team consists of 6 members, emphasise your ability to work collaboratively. Prepare to share examples of how you've successfully participated in meetings to exchange ideas and strategies, and how you’ve contributed to a positive team environment.
✨Highlight Continuous Learning
The role requires ongoing learning to enhance technical expertise. Be prepared to discuss how you stay updated with industry trends, regulations, and best practices, and how this has positively impacted your previous roles.
