Assistant Underwriter

Assistant Underwriter

Bolton Full-Time 25000 - 30000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Join our team to manage and grow Public Sector accounts while ensuring compliance and operational effectiveness.
  • Company: A leading insurance firm based in Surrey, focused on innovative solutions for the Public Sector.
  • Benefits: Enjoy a hybrid work model, competitive salary, and opportunities for professional development.
  • Why this job: Be part of a dynamic team that values growth, collaboration, and continuous learning in the insurance sector.
  • Qualifications: Experience in insurance underwriting is essential; knowledge of Public Sector is a plus.
  • Other info: Ideal for those pursuing Chartered Insurance Institute qualifications.

The predicted salary is between 25000 - 30000 £ per year.

We are seeking an experienced Senior Underwriter to join our client's Binder Management team. This role will be based in their Surrey office on a hybrid basis. The primary focus of this position is to underwrite key accounts, drive new business growth, and ensure the operational effectiveness of the Public Sector Delegated Authority Agreements (DAA).

Responsibilities

  • Manage day-to-day servicing and growth of Public Sector DAA
  • Administer tasks in compliance with insurer procedures
  • Process, record, and confirm instructions efficiently
  • Provide regular updates and management information for each DAA
  • Identify under-insurance and potential gaps in client cover
  • Ensure DAA are fit for purpose and provide feedback on product development
  • Support testing requirements of system DAA developments
  • Comply with regulatory requirements and company procedures
  • Maintain positive working relationships with clients, colleagues, insurers, and suppliers
  • Identify training needs and development opportunities for team members
  • Stay updated with technical, legal, and market developments through training
  • Report problems outside of authority or experience level promptly
  • Assist with additional duties as reasonably requested
  • Maintain team morale and positive working relationships at all times

Qualifications

  • Proven experience in a similar role within the insurance industry
  • Strong knowledge of Commercial Underwriting
  • Ideally well-versed in Public Sector, but open to considering those from General Commercial Insurance
  • Holding or working towards one of the Chartered Insurance Institute Qualifications, Cert CII, Dip CII, or ACII would be advantageous
  • Outstanding communication and interpersonal skills
  • Ability to analyse data and identify trends or areas for improvement
  • Proficiency in using Acturis or similar insurance software, and MS Office
  • Eligible to work in the UK

Assistant Underwriter employer: Lawes Recruitment (UK) Limited

Join a dynamic team in Surrey as an Assistant Underwriter, where you will thrive in a supportive work culture that prioritises employee growth and development. With a focus on the Public Sector, this role offers competitive salary packages, hybrid working options, and opportunities to enhance your skills through ongoing training and professional development. Experience a collaborative environment that values innovation and fosters strong relationships with clients and colleagues alike.
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Contact Detail:

Lawes Recruitment (UK) Limited Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Assistant Underwriter

✨Tip Number 1

Familiarise yourself with the specific requirements of Public Sector Delegated Authority Agreements (DAA). Understanding the nuances of these agreements will help you demonstrate your knowledge during interviews and show that you're ready to hit the ground running.

✨Tip Number 2

Network with professionals in the insurance industry, particularly those who specialise in underwriting. Attend industry events or join relevant online forums to connect with potential colleagues and learn more about the role and company culture.

✨Tip Number 3

Brush up on your data analysis skills, as the ability to identify trends and gaps in client cover is crucial for this role. Consider taking a short course or using online resources to enhance your proficiency in this area.

✨Tip Number 4

Research the company’s recent projects and initiatives in the public sector. Being able to discuss their work and how you can contribute will set you apart from other candidates and show your genuine interest in the position.

We think you need these skills to ace Assistant Underwriter

Commercial Underwriting Knowledge
Public Sector Insurance Expertise
Regulatory Compliance Understanding
Data Analysis Skills
Communication Skills
Interpersonal Skills
Attention to Detail
Problem-Solving Skills
Proficiency in Acturis or Similar Software
MS Office Proficiency
Client Relationship Management
Team Development and Training Identification
Adaptability to Market Developments
Operational Effectiveness

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in underwriting, particularly in the public sector or commercial insurance. Use keywords from the job description to demonstrate your fit for the role.

Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the responsibilities listed in the job description. Mention specific examples from your past experience that align with managing Public Sector Delegated Authority Agreements.

Highlight Relevant Qualifications: If you hold or are working towards Chartered Insurance Institute qualifications, make this prominent in your application. This shows your commitment to professional development and enhances your candidacy.

Showcase Communication Skills: Since outstanding communication and interpersonal skills are crucial for this role, provide examples in your application that demonstrate your ability to maintain positive relationships with clients and colleagues.

How to prepare for a job interview at Lawes Recruitment (UK) Limited

✨Know Your Underwriting Basics

Make sure you brush up on your underwriting knowledge, especially in the public sector. Be prepared to discuss key concepts and how they apply to the role, as this will show your understanding of the industry.

✨Demonstrate Your Communication Skills

Since the role requires outstanding communication and interpersonal skills, think of examples from your past experiences where you effectively communicated with clients or colleagues. This will help you stand out during the interview.

✨Showcase Your Analytical Abilities

Be ready to discuss how you've used data analysis in previous roles. Prepare to explain how you identified trends or areas for improvement, as this is crucial for the Assistant Underwriter position.

✨Familiarise Yourself with Relevant Software

If you have experience with Acturis or similar insurance software, make sure to mention it. If not, consider doing a bit of research or even a quick tutorial to show your willingness to learn and adapt.

Assistant Underwriter
Lawes Recruitment (UK) Limited
Location: Bolton
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