At a Glance
- Tasks: Lead profitable growth and strategic development of Financial Lines portfolio.
- Company: Join Aon, a global leader in risk and insurance solutions.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Dynamic team environment with strong career advancement potential.
- Why this job: Make impactful decisions that protect and enrich lives globally.
- Qualifications: A Level education, Cert CII qualification, and underwriting experience required.
The predicted salary is between 55000 - 65000 £ per year.
Financial Lines Underwriting Manager, London or Redhill, UK
Aon Underwriting Managers is recruiting a Financial Lines Underwriting Manager to lead the profitable growth and strategic development of our UK and European SME and mid-market Financial Lines portfolio.
The successful candidate will combine underwriting excellence, commercial acumen and market engagement to expand distribution, strengthen key trading relationships and deliver sustainable portfolio growth.
Aon is in the business of better decisions.
At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.
As an organization, we are united through trust as one inclusive team and we are passionate about helping our colleagues and clients succeed.
- What the day will look like
- Underwriting new business, renewals and mid-term adjustments in accordance with delegated underwriting authority, ensuring analysis, rating, processing and policy preparation are accurate and compliant.
- Identifying and developing new business opportunities.
- Lead new business generation initiatives across Financial Lines products.
- Work with carrier partners to develop and launch new propositions.
- Champion Financial Lines propositions, driving broker adoption, product penetration and profitable growth.
- Build and maintain strong, positive relationships with carriers and brokers.
- Manage and support a small team of underwriters.
- Support the Underwriting Manager in delivering the business plan and budget.
- Act as a referral point and support the training and development of less experienced colleagues as required.
- Prepare terms for referral to facility insurers where risks fall outside individual underwriting authority.
- Ensure agreed service standards are consistently achieved.
- Work effectively with Business Support, Claims and Accounts teams where required.
- Provide a high standard of service to Aon coverholders on delegated authority facilities.
- Collaborate with internal and external stakeholders to support the development of the company’s business.
- About Aon and AUM
Headquartered in London, Aon Plc is a leading global professional services firm providing a broad range of risk, retirement and health solutions.
Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.
Aon is an equal opportunities employer.
Aon's recruitment and selection policy ensures the best possible skill mix of colleagues and the highest quality candidates are appointed using objective job-related criteria.
Aon Underwriting Managers (AUM) is a Managing General Agent (MGA) owned by Aon UK Limited operating under delegated authority on behalf of Insurers to provide underwriting and/or claims handling services.
Skills and experience that will lead to success
- Ideally educated to A Level standard or above.
- Minimum Cert CII qualification.
- Experience underwriting risks within an insurance company or MGA.
- Strong technical knowledge of financial lines markets.
- Experience using Acturis would be advantageous.
- Track record of generating profitable new business.
- Strong broker development and relationship management skills.
- Commercially astute with the ability to identify growth opportunities.
- Confident in presenting to brokers, insurers and senior stakeholders.
- People management experience and/or experience leading a product.
- Ability to work proactively without direct supervision, as well as collaboratively as part of a team.
- Excellent written and verbal communication skills.
- Strong literacy and numeracy skills.
- Ability to achieve enquiry targets.
- Enthusiasm to learn and develop within the role.
- Accurate and timely completion of work.
- Ability to establish and maintain effective relationships with brokers and carriers.
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StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Manager
✨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.
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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 Aon). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
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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 Aon. 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 Underwriting Manager
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 Aon.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Aon. 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 Aon
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Aon 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 Aon, 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 Aon'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.