At a Glance
- Tasks: Join a three-year rotational training program in underwriting across major business lines.
- Company: Starr Insurance is a leading global insurance provider with a focus on innovation and integrity.
- Benefits: Gain valuable experience, attend specialist training courses, and work closely with industry mentors.
- Why this job: This role offers hands-on experience in the insurance market and opportunities for professional growth.
- Qualifications: Ideal candidates are Saudi Nationals or dual UK/Saudi citizens with a strong academic background.
- Other info: Fluency in Arabic and English is essential; strong analytical and communication skills are a must.
The predicted salary is between 24000 - 36000 £ per year.
Roles and Responsibilities
- Three year rotational underwriting training within major lines of business to include Property, Energy and Construction;
- Attend intensive specialist insurance training courses and external conferences;
- Attend regular meetings with designated mentor as part of learning and discussion forum to ensure retention of knowledge and promote cross-selling;
- Commence studying for CII qualifications;
- Develop understanding of London and International insurance markets;
- Develop understanding of current business strategies and broker contacts in Saudi region;
- Commence studying for CII qualifications;
- Ensure that underwriting files are complete and contains all relevant documents. Obtain any outstanding items from the broker or underwriter in readiness for Peer Review;
- Ensure that signings are accurate and are consistent with written confirmations;
- Liaise with brokers to follow up on outstanding renewals as directed;
- Produce standard and ad-hoc reports as required;
- Fully understand the risk and seek further clarity as required;
- Underwrite profitable business in accordance with business plans;
- Adhere to all Starr underwriting standards as outlined in the Underwriting Manual;
- Report any suspicion of financial crime to the Money Laundering Reporting Officer immediately;
- Operate within the Company’s standards for Treating Customers Fairly;
- Manage any potential conflicts of interest to avoid disrepute to the company’s integrity;
- Advise Compliance of any complaints immediately.
Experience
- Saudi National or dual UK/Saudi citizens likely to have studied at a London or UK business school;
- Good cultural understanding of the UK and Middle East region;
- Insurance knowledge desirable.
Skills
- Fluent Arabic and English essential;
- Analytical and problem solving skills;
- Negotiation, judgment and decision making ability;
- Strong numeracy skills;
- Professional business writing and presentation skills; and
- Strong communicator, both written and oral.
Systems & IT
- MS Office – Excel, Access, Word and Outlook
Qualifications
- Graduate calibre
Starr Insurance | Underwriting Trainee employer: Starr Insurance
Contact Detail:
Starr Insurance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Starr Insurance | Underwriting Trainee
✨Tip Number 1
Familiarize yourself with the key lines of business mentioned in the job description, such as Property, Energy, and Construction. Understanding these sectors will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who have experience in underwriting. Attend relevant events or conferences to make connections that could provide insights into the role and potentially lead to referrals.
✨Tip Number 3
Brush up on your knowledge of the London and International insurance markets. This will be crucial for your understanding of the business strategies and broker contacts in the Saudi region, which is a key aspect of the role.
✨Tip Number 4
Since fluency in both Arabic and English is essential, practice your language skills, particularly in a business context. Being able to communicate effectively in both languages will set you apart from other candidates.
We think you need these skills to ace Starr Insurance | Underwriting Trainee
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Underwriting Trainee position. Highlight key responsibilities and required skills, and think about how your experiences align with them.
Tailor Your CV: Customize your CV to reflect relevant experiences and skills that match the job requirements. Emphasize your analytical abilities, problem-solving skills, and any insurance knowledge you may have.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your motivation for applying to Starr Insurance. Mention your cultural understanding of the UK and Middle East, and how it can benefit the company.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no grammatical errors and that your writing is clear and professional, reflecting your strong business writing skills.
How to prepare for a job interview at Starr Insurance
✨Understand the Underwriting Process
Make sure you have a solid grasp of the underwriting process, especially in relation to Property, Energy, and Construction. Be prepared to discuss how you would approach risk assessment and what factors you consider important when underwriting.
✨Showcase Your Cultural Understanding
Since the role requires a good cultural understanding of both the UK and Middle East regions, be ready to share your insights on how cultural differences can impact business practices and client relationships in insurance.
✨Demonstrate Analytical Skills
Prepare examples that showcase your analytical and problem-solving skills. You might be asked to analyze a case study or provide solutions to hypothetical underwriting scenarios, so practice articulating your thought process clearly.
✨Highlight Communication Skills
As strong communication is essential for this role, think of instances where you've effectively communicated complex information. Be ready to discuss how you would liaise with brokers and clients, ensuring clarity and professionalism in your interactions.