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For Companies At a Glance
- Tasks: Underwrite complex risks and negotiate with brokers to ensure profitable outcomes.
- Company: CNA Hardy is a top-tier commercial insurance provider with innovative products for diverse businesses.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth and development.
- Why this job: Join a collaborative team that values creativity and offers a chance to make an impact in the industry.
- Qualifications: Experience in Fine Art & Specie underwriting, strong communication skills, and problem-solving abilities required.
- Other info: Opportunity to work in London and develop relationships within the brokerage community.
The predicted salary is between 48000 - 72000 £ per year.
We are seeking to hire a Senior Fine Art & Specie Underwriter to join our London team. Under clear leadership and direction, underwrites a broad range of moderate and complex risks in a book of business. Works within specific limits of authority on assignments requiring technical complexity and coordination. Utilises underwriting policies and guidelines, rating manual rules, and insurance laws and regulations while finding creative solutions.
Key Responsibilities
- Comply with all applicable legal and regulatory requirements and ensure that, at a level appropriate to the position, appropriate measures are in place to ensure this compliance.
- Review applications and financial requirements for risks requiring sophisticated underwriting skills. Determine acceptability of risk in accordance with company guidelines and standards.
- Define appropriate pricing based on financial and competitive analysis in line with compliance requirements.
- Prepare quotations and answer questions from Brokers, policyholders or other external contacts and escalate issues to management, along with proposed solutions as necessary.
- Negotiate with Brokers to achieve positive and profitable outcomes.
- Notify Brokers of adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations.
- Analyse quality and quantity of risks underwritten and prepare reports for management review.
- Market products and services through the brokerage community and make field visits. Develop and maintain Broker relationships.
- May provide guidance and assistance to other underwriters and to other functional areas, particularly when related to cross-sell opportunities.
- Keep current on state/territory issues and regulations, industry activity and trends and freely share information with others.
- Utilise advanced functionality in relevant CNA systems to perform day-to-day activities.
- Work with more senior underwriters or management on risks exceeding authority level or requiring special handling.
- May perform additional duties as agreed.
Skills, Knowledge & Experience
- Prior experience within Fine Art & Specie in a Broking or Underwriting capacity.
- Appropriate knowledge of all regulatory and legal requirements applicable to the position.
- Strong knowledge of underwriting and insurance industry theories and practices.
- Demonstrated high level of technical expertise and product specific knowledge.
- Strong interpersonal, communication and negotiation skills. Ability to effectively interact with CNA's internal and external business partners at all levels.
- Capacity to work independently.
- Strong ability to identify, analyse and solve problems as well as to learn rapidly, adapt quickly to change, and manage and prioritise multiple concurrent projects.
- Skilled in exercising independent judgment and making critical business decisions effectively.
- Strong knowledge of Microsoft Office Suite as well as other business-related software.
The Company
CNA Hardy is a leading specialist commercial insurance provider for clients within the Lloyds and company markets. We offer a highly specialised and comprehensive portfolio of innovative and market leading products. Coverage is available to businesses of all sizes for domestic, international and global exposures.
Contact Detail:
CNA Hardy Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter Fine Art & Specie
✨Tip Number 1
Network with professionals in the Fine Art and Specie underwriting field. Attend industry events, webinars, or local meetups to connect with potential colleagues and brokers. Building relationships can give you insights into the company culture and may even lead to referrals.
✨Tip Number 2
Stay updated on the latest trends and regulations in the Fine Art and Specie insurance market. Subscribe to relevant industry publications or follow thought leaders on social media. This knowledge will not only help you in interviews but also demonstrate your commitment to the field.
✨Tip Number 3
Prepare to discuss specific underwriting scenarios during your interview. Think of examples where you've successfully assessed complex risks or negotiated with brokers. Being able to articulate your thought process and decision-making skills will set you apart from other candidates.
✨Tip Number 4
Familiarise yourself with CNA Hardy's products and services before your interview. Understanding their offerings and how they position themselves in the market will allow you to tailor your responses and show that you're genuinely interested in joining their team.
We think you need these skills to ace Senior Underwriter Fine Art & Specie
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in Fine Art & Specie underwriting. Emphasise your technical expertise, knowledge of regulatory requirements, and any specific achievements that demonstrate your ability to handle complex risks.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention your previous experience in underwriting, your negotiation skills, and how you can contribute to building strong broker relationships.
Highlight Relevant Skills: In your application, clearly outline your strong interpersonal and communication skills. Provide examples of how you've successfully interacted with brokers or managed complex underwriting tasks in the past.
Showcase Problem-Solving Abilities: Include specific instances where you've identified and solved problems in your previous roles. This will demonstrate your capacity to adapt quickly and manage multiple projects effectively, which is crucial for this position.
How to prepare for a job interview at CNA Hardy
✨Showcase Your Technical Expertise
Make sure to highlight your prior experience in Fine Art & Specie underwriting. Be prepared to discuss specific cases where you successfully assessed complex risks and how you applied your technical knowledge to make informed decisions.
✨Demonstrate Strong Communication Skills
Since the role involves negotiating with Brokers and interacting with various stakeholders, practice articulating your thoughts clearly. Prepare examples of how you've effectively communicated complex information in previous roles.
✨Prepare for Regulatory Questions
Familiarise yourself with the legal and regulatory requirements relevant to the position. Be ready to discuss how you ensure compliance in your underwriting processes and any challenges you've faced in this area.
✨Emphasise Problem-Solving Abilities
The ability to identify and solve problems is crucial for this role. Think of instances where you've had to analyse risks and develop creative solutions. Be ready to share these examples during the interview.
