At a Glance
- Tasks: Manage construction risks and collaborate with teams to deliver exceptional service.
- Company: Join Aspen Insurance, a globally respected provider with an inclusive culture.
- Benefits: Flexible working, ongoing training, and a supportive environment for personal growth.
- Other info: Mentorship opportunities and a commitment to diversity and innovation.
- Why this job: Shape the future of construction risk management in a dynamic team.
- Qualifications: Experience in UK construction insurance and strong interpersonal skills.
The predicted salary is between 36000 - 60000 £ per year.
Aspen Insurance Group is seeking a knowledgeable and dependable Underwriter specialising in UK Construction Insurance to join the London team. This is an exceptional opportunity to contribute your expertise to a globally respected insurance provider known for excellence, supportive leadership, and an inclusive culture. Aspen values collaboration and personal growth, offering flexible working opportunities and ongoing training to help you thrive in your career. As an Underwriter, you will play a pivotal role in shaping the future of construction risk management, working with professionals who share a commitment to delivering outstanding service.
What you'll do
- Manage risks within the construction sector with significant responsibility and collaborate with colleagues across departments to ensure operational plans are executed effectively.
- Guide compliance matters and maintain high standards of accuracy in all transactions.
- Build and maintain relationships with stakeholders, including brokers, clients, and internal teams, to deliver exceptional service.
- Contribute to the development and monitoring of operational plans aligned with the UK construction portfolio and overall business priorities.
- Set work priorities in line with objectives to achieve underwriting targets within delegated authority.
- Advise colleagues on best practices, compliance standards, and accurate execution of transactions across varied complexities.
- Review processes to enhance compliance, effectiveness, and risk management; respond to internal queries as a subject matter expert.
- Negotiate rates, terms, and conditions for new and existing construction insurance business with accurate contract documentation.
- Support credit control activities related to underwriting transactions.
- Participate in portfolio reviews and analyses to track progress toward business objectives and identify opportunities for improvement.
- Mentor junior underwriters and support their development within the team.
What you bring
- Extensive experience underwriting or broking within the UK construction insurance sector or similar specialised/complex areas.
- Strong technical understanding of class-specific underwriting parameters, reinsurance programmes, delegated authorities, risk profiling tools, pricing models, and EPA (Expected Profitability Analysis) requirements.
- Excellent interpersonal skills for collaboration with colleagues at all levels and with external partners such as brokers or clients.
- Strong organisational abilities to manage conflicting priorities and meet deadlines.
- Proficiency in MS Office (especially Excel) and other software used for reporting or data analysis.
- Customer-focused mindset with attention to detail when producing management information or analyzing data for decision-making.
- Ability to plan effectively both independently and as part of a team, balancing multiple tasks without compromising quality.
What sets this company apart
Aspen stands out as a global leader in insurance due to its commitment to fostering an inclusive workplace where every contribution is valued. The company's leadership encourages collaboration, supports professional development through tailored training, and emphasizes knowledge sharing and diversity across the workforce. You'll join a team united by values such as integrity, dependability, empathy, and respect, in a nurturing environment that supports innovation in the insurance sector.
What's next
If you are ready to take the next step in your career with Aspen's London team as an Underwriter, we encourage you to apply now. Apply today by clicking on the link provided.
We are committed to creating an inclusive recruitment experience. If you require support or adjustments to the recruitment process, our Adjustment Concierge Service is here to help. Please contact adjustments@robertwalters.com to discuss how we can support you.
This position is being recruited on behalf of our client through our Outsourcing service line. Resource Solutions Limited, trading as Robert Walters, acts as an employment business and agency, partnering with top organizations to help them find the best talent. We welcome applications from all candidates and are committed to providing equal opportunities.
Underwriter (Construction) in City of London employer: Aspen Insurance Group
Aspen Insurance Group is an exceptional employer, offering a dynamic and inclusive work culture in the heart of London. With a strong focus on professional development, flexible working opportunities, and a commitment to collaboration, employees are empowered to thrive in their careers while contributing to innovative solutions in construction risk management. Join a team that values integrity, empathy, and respect, where your expertise will be recognised and nurtured.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter (Construction) in City of 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 Aspen Insurance Group). 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 Aspen Insurance Group. 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 Underwriter (Construction) in City of 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 Aspen Insurance Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Aspen Insurance Group. 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 Aspen Insurance Group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Aspen Insurance Group 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 Aspen Insurance Group, 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 Aspen Insurance Group'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.
