Property Underwriter

Property Underwriter

Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join our team to underwrite and manage profitable property risks while collaborating with brokers and customers.
  • Company: Avencia Consulting partners with a leading insurer, offering a dynamic work environment in London.
  • Benefits: Enjoy opportunities for professional development and a supportive team culture.
  • Why this job: This role offers a chance to grow your skills in underwriting and make impactful contributions.
  • Qualifications: Relevant experience in commercial property underwriting and strong communication skills are essential.
  • Other info: Engage in projects and forums to enhance your professional profile within the insurance industry.

The predicted salary is between 36000 - 60000 £ per year.

About us Avencia consulting is partnered with a leading insurer looking to recruit a Property Underwriter in their London office. The role Carefully select, underwrite and retain / acquire profitable risks, and deliver consistently at a high level the company's products and proposition to Brokers and Customers. Work in collaboration with colleagues to positively contribute to the successful delivery of the Property Department's business plans and goals. Key accountabilities Be part of a successful team, and have a willingness to offer assistance and support to the property team, and the wider Network. Act as initial referral, authoriser and support for Assistant Underwriters. Underwrite and trade successfully individual risks in accordance with company strategy, and guidelines within Underwriting Authority. Develop and maintain a robust pipeline of new business, up-sell and x-sell opportunities. Deliver consistently and accurately our customer and broker propositions, including global programme management, and service level agreements and plans. Ability to work collaboratively with business partners (customer, claims, risk consulting, head office, finance, network, policy wordings, compliance and other lines of business) and colleagues to successfully deliver our product and proposition. Deliver positively against the business plan and Key Performance Indicators, including; Regulatory & Compliance, Contract Certainty, System Accuracy, Controls, Peer Review / Authorisation, Audits, Financials (Rate, Retention & New Business), Premium collection, Debt management and technical accounting processes. Actively participate and contribute to the Property Department by way of own initiative, forums, committees or projects to improve growth, development, effectiveness and efficiency. To undertake any other tasks as requested by the management team, in order that the team and business can achieve its objectives; including training, production of reports, keeping current procedures to implement organisational policies, involvement in projects, and research to maintain a high technical knowledge base within the Property Department and a leading product / proposition. Represent the Property Department and actively participate on internal sponsored forums, committees and projects. Enhance professional profile within the insurance industry, and cultivate strong relationships with our Customers and Brokers. Continually enhance your knowledge of; underwriting, risk assessment/management, regulatory and industry practice, and meet the minimum Continued Professional Development requirements of the CII and of the business. Skills & experience Relevant technical commercial property underwriting experience Good understanding of commercial property insurance including trends, regulations and financial acumen. CII, Diploma in Insurance or Advanced Diploma in Insurance qualification is preferred or equivalent risk assessment/management, underwriting, contract law and regulatory experience. Experience in risk assessment and underwriting of all types of insurance placements. Knowledge of the reinsurance and overseas markets. Good technical understanding about underwriting policy construction; Able to evaluate information from a variety of sources and solve problems. Good decision-making skills; able to consider the costs and benefits of various decisions and choose the appropriate one. Good communication, interpersonal and negotiation skills; Accuracy and attention to detail. Maintain accurate, orderly and methodical paper and electronic files that should always be available for auditing and meet regulatory requirements. Self-motivated and able to organise own workload effectively to meet service standards. Deadline focused; able to work under pressure to meet tight deadlines

Property Underwriter employer: Avencia Consulting Services

At Avencia Consulting, we pride ourselves on being an exceptional employer, offering a dynamic work environment in the heart of London. Our collaborative culture fosters professional growth and development, providing employees with ample opportunities to enhance their skills and advance their careers. With a strong focus on employee well-being and a commitment to delivering high-quality service, we empower our team to thrive while making meaningful contributions to the insurance industry.
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Contact Detail:

Avencia Consulting Services Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Property Underwriter

✨Tip Number 1

Familiarize yourself with the latest trends in commercial property insurance. Understanding current market conditions and regulatory changes will help you stand out as a knowledgeable candidate during interviews.

✨Tip Number 2

Network with professionals in the insurance industry, especially those involved in underwriting. Attend industry events or join relevant online forums to build connections that could lead to job opportunities.

✨Tip Number 3

Prepare to discuss specific examples of how you've successfully underwritten risks in the past. Highlight your decision-making process and how you collaborated with teams to achieve business goals.

✨Tip Number 4

Stay updated on the requirements for Continued Professional Development (CPD) in the insurance sector. Showing your commitment to professional growth can make a positive impression on potential employers.

We think you need these skills to ace Property Underwriter

Commercial Property Underwriting Experience
Risk Assessment and Management
Knowledge of Commercial Property Insurance
Understanding of Trends and Regulations
CII Diploma in Insurance or Equivalent Qualification
Experience in Underwriting Various Insurance Placements
Knowledge of Reinsurance and Overseas Markets
Technical Understanding of Underwriting Policy Construction
Problem-Solving Skills
Decision-Making Skills
Communication Skills
Interpersonal Skills
Negotiation Skills
Attention to Detail
Organizational Skills
Ability to Work Under Pressure
Deadline Focused

Some tips for your application 🫡

Understand the Role: Make sure to thoroughly read the job description for the Property Underwriter position. Understand the key accountabilities and skills required, so you can tailor your application to highlight relevant experiences.

Highlight Relevant Experience: In your CV and cover letter, emphasize your technical commercial property underwriting experience. Mention specific examples of how you've successfully underwritten risks and contributed to business goals in previous roles.

Showcase Your Skills: Demonstrate your understanding of commercial property insurance trends, regulations, and financial acumen. Include any relevant qualifications like CII or equivalent certifications that showcase your expertise in risk assessment and underwriting.

Tailor Your Cover Letter: Craft a personalized cover letter that reflects your enthusiasm for the role and the company. Discuss how your skills align with the company's objectives and how you can contribute to the success of the Property Department.

How to prepare for a job interview at Avencia Consulting Services

✨Showcase Your Technical Knowledge

Make sure to highlight your relevant technical commercial property underwriting experience during the interview. Be prepared to discuss specific trends, regulations, and financial aspects of commercial property insurance that you are familiar with.

✨Demonstrate Collaboration Skills

Since the role requires working closely with various business partners, be ready to provide examples of how you've successfully collaborated in past roles. Discuss any experiences where you contributed to team goals or supported colleagues.

✨Prepare for Scenario-Based Questions

Expect questions that assess your decision-making skills and ability to evaluate risks. Prepare to discuss how you would approach underwriting individual risks and what factors you consider when making decisions.

✨Emphasize Continuous Learning

The company values ongoing professional development, so be sure to mention any relevant qualifications like the CII Diploma in Insurance. Talk about how you stay updated on industry practices and your commitment to enhancing your knowledge in underwriting and risk management.

Property Underwriter
Avencia Consulting Services
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