Underwriter - UK Property in City of London
Underwriter - UK Property in City of London

Underwriter - UK Property in City of London

City of London Full-Time 43200 - 72000 Β£ / year (est.) No home office possible
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At a Glance

  • Tasks: Underwrite property risks, negotiate terms, and support junior underwriters in a dynamic team.
  • Company: Join a leading Lloyd's Syndicate in the heart of London’s insurance market.
  • Benefits: Enjoy competitive pay, professional development opportunities, and a vibrant work culture.
  • Why this job: Be part of a collaborative environment that values innovation and strong broker relationships.
  • Qualifications: 5 years of Property Underwriting experience; strong technical knowledge and broker-facing skills required.
  • Other info: Opportunity for growth and involvement in market trends and regulatory changes.

The predicted salary is between 43200 - 72000 Β£ per year.

I am currently recruiting for a leading Lloyd's Syndicate who are seeking a Property Underwriter to join their London Market team. My client is looking for someone with around 5 years Property Underwriting experience, and ideally someone who has recently been promoted from Assistant Underwriter into an Underwriter role. This role will primarily focus on UK business, writing new and existing business and they need someone with strong technical knowledge in the Property space and someone who has good broker-facing skills.

Key Responsibilities

  • Underwrite new and renewal property risks within delegated authority, ensuring alignment with underwriting strategy and business objectives.
  • Negotiate terms, conditions, and pricing with brokers to secure profitable new business.
  • Ensure contract certainty and policy documentation are issued in line with regulatory and internal standards.
  • Act as a referral point for junior underwriters, providing guidance and support on underwriting decisions.
  • Collaborate with internal teams (claims, finance, credit control) to ensure efficient onboarding and servicing of new accounts.
  • Monitor portfolio performance, contributing to MI reporting and supporting portfolio reviews.
  • Maintain accurate and timely data entry across underwriting systems to support exposure management and reporting accuracy.
  • Build and maintain strong broker and client relationships to support business growth and market visibility.
  • Stay informed on market trends, regulatory changes, and competitor activity to inform underwriting decisions.
  • Participate in underwriting audits, governance forums, and projects to support continuous improvement.

Underwriter - UK Property in City of London employer: High Finance (UK) Limited

Join a leading Lloyd's Syndicate in the heart of the City of London, where you will thrive in a dynamic work culture that values collaboration and professional growth. With a strong focus on employee development, you will have access to ongoing training and mentorship opportunities, ensuring your skills are always sharp and relevant. Enjoy the unique advantage of working in one of the world's most prestigious financial districts, surrounded by industry leaders and innovative thinkers, making this an excellent place for meaningful and rewarding employment.
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Contact Detail:

High Finance (UK) Limited Recruiting Team

StudySmarter Expert Advice 🀫

We think this is how you could land Underwriter - UK Property in City of London

✨Tip Number 1

Network with professionals in the insurance and underwriting sectors, especially those who work within Lloyd's Syndicates. Attend industry events or webinars to meet potential colleagues and learn about the latest trends in property underwriting.

✨Tip Number 2

Familiarise yourself with the specific underwriting software and tools commonly used in the UK property market. Being proficient in these systems can give you an edge during interviews and demonstrate your readiness for the role.

✨Tip Number 3

Prepare to discuss your experience with broker negotiations and how you've successfully managed relationships in previous roles. Highlighting your interpersonal skills will be crucial, as this position requires strong broker-facing abilities.

✨Tip Number 4

Stay updated on current market trends and regulatory changes affecting the property insurance sector. This knowledge will not only help you in interviews but also show your commitment to continuous improvement and professional development.

We think you need these skills to ace Underwriter - UK Property in City of London

Property Underwriting Experience
Technical Knowledge in Property Insurance
Broker-Facing Skills
Negotiation Skills
Contract Certainty
Regulatory Compliance
Data Entry Accuracy
Portfolio Performance Monitoring
Collaboration with Internal Teams
Market Trend Awareness
Client Relationship Management
Continuous Improvement Mindset
Analytical Skills
Attention to Detail

Some tips for your application 🫑

Tailor Your CV: Make sure your CV highlights your Property Underwriting experience, especially any recent promotions or relevant achievements. Use specific examples that demonstrate your technical knowledge and broker-facing skills.

Craft a Compelling Cover Letter: Write a cover letter that addresses the key responsibilities mentioned in the job description. Emphasise your ability to underwrite new and renewal property risks and your experience in negotiating terms with brokers.

Showcase Your Technical Knowledge: In your application, include details about your understanding of market trends, regulatory changes, and how they impact underwriting decisions. This will show that you are proactive and knowledgeable in your field.

Highlight Collaboration Skills: Mention any experience you have working with internal teams such as claims or finance. Demonstrating your ability to collaborate effectively will be crucial for this role, so provide examples of successful teamwork.

How to prepare for a job interview at High Finance (UK) Limited

✨Showcase Your Technical Knowledge

Make sure to brush up on your technical knowledge in the Property space. Be prepared to discuss specific underwriting principles and how they apply to UK property risks, as this will demonstrate your expertise and suitability for the role.

✨Demonstrate Broker-Facing Skills

Since the role requires strong broker-facing skills, think of examples from your past experience where you successfully negotiated terms or built relationships with brokers. This will help illustrate your ability to communicate effectively and secure profitable business.

✨Prepare for Scenario-Based Questions

Expect scenario-based questions that assess your decision-making process in underwriting. Prepare by thinking through various underwriting scenarios and how you would approach them, ensuring you can articulate your thought process clearly.

✨Stay Updated on Market Trends

Research current market trends, regulatory changes, and competitor activity in the property sector. Being knowledgeable about the industry will not only impress your interviewers but also show your commitment to staying informed and relevant in your field.

Underwriter - UK Property in City of London
High Finance (UK) Limited
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