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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 of Cardiff.
- Benefits: Enjoy a competitive salary, hybrid work 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 36000 - 60000 £ 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 about the latest trends.
✨Tip Number 2
Familiarise yourself with the specific underwriting software and tools commonly used in the P&C sector. Being proficient in these technologies can set you apart from other candidates and demonstrate your readiness for the role.
✨Tip Number 3
Prepare to discuss your previous underwriting experiences in detail during interviews. Be ready to provide examples of complex risks you've assessed and how your decisions positively impacted profitability.
✨Tip Number 4
Stay updated on current market conditions and regulatory changes affecting the insurance industry. This knowledge will not only help you in interviews but also show your commitment to the field and your proactive approach to risk management.
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, especially any senior roles. Emphasise your analytical skills and decision-making abilities, as well as your knowledge of UK insurance regulations.
Craft a Compelling Cover Letter: In your cover letter, explain why you are interested in the Senior Commercial Underwriter position. Mention specific experiences that demonstrate your ability to assess and manage risk, negotiate terms, and maintain strong relationships with clients and brokers.
Showcase Relevant Qualifications: If you have relevant industry qualifications like CII or ACII, make sure to mention them prominently in your application. This will show that you are serious about your professional development and knowledgeable about the industry.
Highlight Team Collaboration: Since the role involves collaboration with internal teams, include examples in your application that showcase your ability to work effectively with others, particularly in claims and actuarial departments.
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 recent changes or challenges in the industry and how they might impact underwriting practices. This shows your commitment to staying informed and relevant.
✨Prepare for Negotiation Scenarios
Negotiation is a key part of the role. Be ready to discuss past experiences where you successfully negotiated policy terms with brokers or clients. Consider role-playing potential negotiation scenarios with a friend beforehand to build confidence.
✨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 in the past to optimise underwriting strategies. This will demonstrate your ability to work well within a team.
