At a Glance
- Tasks: Underwrite profitable risks and build strong broker relationships in a dynamic remote role.
- Company: Established underwriting business with a collaborative and inclusive culture.
- Benefits: Competitive salary, professional development, and a focus on long-term relationships.
- Other info: Join a supportive team with excellent career growth opportunities.
- Why this job: Make an impact in the insurance market while driving growth and innovation.
- Qualifications: Experience in commercial SME insurance and strong relationship-building skills.
The predicted salary is between 50000 - 55000 £ per year.
Job Title
Development Underwriter
Location
Remote
Salary Range
£50,000 - £55,000
Overview
An opportunity for an experienced commercial SME underwriter to combine technical underwriting with broker development.
The role focuses on identifying and underwriting profitable risks while building strong relationships with a panel of brokers.
You will drive new business enquiries, improve retention and identify opportunities to develop products and grow the portfolio.
Key Responsibilities
- Assess and underwrite new and renewal business, making prompt, informed decisions within your underwriting authority.
- Contribute to profitable portfolio growth and the achievement of gross written premium and commission income targets.
- Manage new business submissions, renewals and general enquiries efficiently, providing a responsive service to brokers.
- Build and maintain strong broker relationships, increasing engagement, enquiry levels and retention.
- Identify opportunities for profitable growth, address barriers to development and gather broker feedback on potential products, covers and sectors.
- Review broker panel performance using management information and discuss findings with brokers to support account development.
- Negotiate effectively with brokers, balancing commercial opportunities with underwriting discipline.
- Maintain accurate records, correspondence and underwriting files, following relevant compliance procedures, including those relating to potential errors and omissions.
- Work collaboratively with colleagues to improve service, share knowledge and support business objectives.
What We're Looking For
- Detailed knowledge of the commercial SME insurance market.
- Relevant class-specific underwriting experience and sound technical judgement.
- Proven sales or development experience, with the ability to build productive broker relationships.
- Strong communication, interpersonal, negotiation and influencing skills.
- A commercial mindset, with the drive to achieve agreed targets and deliver profitable growth.
- The ability to make timely decisions and respond proactively to business opportunities.
- A good understanding of FCA regulation and guidelines relating to commercial customers.
- Strong planning and organisational skills, with attention to data accuracy and record keeping.
- Confidence using underwriting systems and management information to support decisions.
- A collaborative approach and a strong focus on customer service.
Desirable but Not Essential
- No additional desirable criteria specified.
About the Company
An established underwriting business operating within a large international MGA platform.
The business places strong emphasis on long-term broker relationships, technical expertise and profitable growth.
Its collaborative, inclusive culture and flat organisational structure support professional development, knowledge sharing and individual contribution.
Development Underwriter in London employer: ACINRecruit
As a Senior Financial Planning & Analysis Analyst at our London-based firm, you will thrive in a dynamic and collaborative environment that prioritises professional growth and development. We offer a competitive salary, flexible hybrid working arrangements, and a strong commitment to modernising financial processes, ensuring you have the tools and support needed to make a meaningful impact on our transformation journey.
StudySmarter Expert Advice🤫
We think this is how you could land Development Underwriter in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like ACINRecruit). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like ACINRecruit. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Development Underwriter in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at ACINRecruit.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at ACINRecruit. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at ACINRecruit
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at ACINRecruit to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at ACINRecruit, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding ACINRecruit's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
