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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.
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 give you insights into the company culture and the specific needs of the role.
✨Tip Number 2
Stay updated on current trends in property underwriting and reinsurance. Familiarise yourself with recent developments in the market, especially regarding international business and XOL structures. This knowledge will help you engage in meaningful discussions during interviews.
✨Tip Number 3
Prepare to discuss your experience with complex risks and how you've successfully managed them in the past. Be ready to share specific examples that demonstrate your ability to adhere to underwriting standards and improve efficiency.
✨Tip Number 4
Showcase your commitment to continuous learning. Highlight any relevant certifications or courses you've completed that enhance your technical expertise in property underwriting and reinsurance strategies. This will demonstrate your dedication to professional growth.
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 listed in the job description, such as managing complex reinsurance activities and adhering to underwriting standards.
Showcase Relevant Achievements: Include specific examples of past successes in underwriting, particularly those that demonstrate your ability to optimise outcomes and implement effective business strategies. Quantify your achievements where possible to make a stronger impact.
Proofread Your Application: Before submitting your application, carefully proofread all documents to ensure there are no errors. A polished application reflects your attention to detail, which is crucial in the underwriting field.
How to prepare for a job interview at HFG
✨Showcase Your Experience
With over 10 years of experience required, make sure to highlight your relevant background in underwriting Property business. Prepare specific examples of your past work, especially focusing on international business and XOL basis.
✨Understand the Business Plan
Familiarise yourself with the key responsibilities related to creating and implementing a business plan. Be ready to discuss how you can contribute to optimising outcomes and executing strategies effectively.
✨Demonstrate Technical Expertise
Engage in discussions about reinsurance strategies and risk assessment. Show that you are committed to continuous learning and can apply your technical knowledge to mitigate risks and support business objectives.
✨Prepare for Peer Reviews
Since thorough risk assessment and compliance with underwriting standards are crucial, be prepared to discuss your approach to peer reviews and how you ensure adherence to guidelines and best practices.
