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- Tasks: Assess and underwrite new business quotations while maintaining strong broker relationships.
- Company: Join a leading Lloyd's MGA in the heart of London.
- Benefits: Opportunity for career growth and collaboration within a supportive team environment.
- Why this job: Perfect for those looking to step up in their underwriting career with a focus on customer service.
- Qualifications: 3+ years experience in Commercial Combined business is essential.
- Other info: Great chance for brokers to transition into underwriting.
The predicted salary is between 36000 - 60000 £ per year.
Underwriter (Commercial Combined) Lloyd’s MGA City of London I’m currently recruiting for a leading Lloyd’s MGA who are looking for an Underwriter to join their growing team! 3+ years experience handling Commercial Combined business, either from a broking or underwriting background, is essential. This role will be handling New Business within the London/SE Region and is a great opportunity for someone looking for a step up from Assistant Underwriter or for a broker looking to move into the Underwriting side. Key Responsibilities: Assess and underwrite new business quotations across all product lines within the company’s underwriting scope, ensuring queries are addressed and SLA standards are met. Maintain strong broker relationships through regular communication with Business Development Managers. Serve as a referral point for team members with lower-level underwriting authority. Collaborate effectively within the team to ensure timely completion of tasks, adherence to SLA requirements, and the delivery of excellent customer service to brokers. Respond to broker phone inquiries with professionalism and a friendly approach. Operate within the parameters of your underwriting authority, referencing the Underwriting Guide as needed, and consult senior colleagues for support in complex situations. Proactively identify opportunities to enhance work processes and contribute to achieving the organisation’s broader goals. Ensure all trading activities comply with regulatory standards, delivering customer outcomes that align with the principles of Treating Customers Fairly (TCF).
Underwriter - Commercial Combined employer: HFG Insurance Recruitment
Contact Detail:
HFG Insurance Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Commercial Combined
✨Tip Number 1
Make sure to familiarize yourself with the specific products and services offered by the Lloyd's MGA. Understanding their unique offerings will help you demonstrate your knowledge during interviews and show that you're genuinely interested in the role.
✨Tip Number 2
Network with professionals in the industry, especially those who work at Lloyd's or similar MGAs. Attend industry events or join relevant online forums to connect with potential colleagues and learn more about the company culture.
✨Tip Number 3
Brush up on your underwriting skills, particularly in Commercial Combined business. Consider taking short courses or certifications that can enhance your expertise and make you a more attractive candidate.
✨Tip Number 4
Prepare to discuss how you've successfully managed broker relationships in the past. Highlight specific examples where your communication skills led to positive outcomes, as this is crucial for the role.
We think you need these skills to ace Underwriter - Commercial Combined
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your 3+ years of experience in handling Commercial Combined business. Include specific examples from your broking or underwriting background that demonstrate your skills and achievements relevant to the role.
Craft a Strong Cover Letter: Write a cover letter that clearly outlines your motivation for applying to this Lloyd's MGA position. Emphasize your ability to assess and underwrite new business quotations, as well as your experience in maintaining strong broker relationships.
Showcase Team Collaboration Skills: In your application, mention instances where you have successfully collaborated with team members to meet deadlines and deliver excellent customer service. This will demonstrate your ability to work effectively within a team environment.
Highlight Regulatory Knowledge: Ensure you mention your understanding of regulatory standards and how you have previously operated within these parameters. This is crucial for demonstrating your commitment to Treating Customers Fairly (TCF) principles.
How to prepare for a job interview at HFG Insurance Recruitment
✨Showcase Your Experience
Make sure to highlight your 3+ years of experience in handling Commercial Combined business. Be prepared to discuss specific examples from your previous roles, whether in broking or underwriting, that demonstrate your expertise and decision-making skills.
✨Demonstrate Strong Communication Skills
Since maintaining strong broker relationships is key, practice articulating how you would communicate effectively with brokers and Business Development Managers. Share examples of how you've successfully managed relationships in the past.
✨Understand the Underwriting Process
Familiarize yourself with the underwriting process and be ready to discuss how you assess and underwrite new business quotations. Show that you can operate within your underwriting authority and know when to seek guidance from senior colleagues.
✨Emphasize Team Collaboration
Highlight your ability to work collaboratively within a team. Discuss how you have contributed to timely task completion and excellent customer service in previous roles, and be ready to share examples of how you’ve supported team members.
