At a Glance
- Tasks: Manage and grow a diverse insurance portfolio while collaborating with brokers and insurers.
- Company: Join Lycetts, part of Benefact Group, known for its inclusive culture and charitable ethos.
- Benefits: Enjoy competitive salary, hybrid working, generous leave, and career development support.
- Other info: Dynamic environment with opportunities for personal and professional growth.
- Why this job: Be part of a team making a real impact in the insurance industry while supporting good causes.
- Qualifications: Previous insurance experience preferred; a passion for learning and teamwork is essential.
The predicted salary is between 29700 - 36300 £ per year.
Working hours: 35 hours per week, Monday to Friday
Duration: Permanent
Location: Newcastle (other regional Lycetts offices can be considered)
About the role
Lycetts Insurance Brokers, who are proudly part of Benefact Group, are looking for an Underwriter to join our Newcastle office (other regional Lycetts offices can be considered). This is a fantastic opportunity to join Lycetts as an Underwriter within a growing team where you’ll play a key role in managing and expanding a renewal portfolio, while gaining exposure to diverse binders across multiple sectors, including (but not limited to) Farm & Estate, Woodlands, Equine, Commercial, Household, Leisure, and Livestock. You’ll collaborate closely with brokers to streamline renewals, help shape new products, and build strong relationships with insurers and colleagues, all while providing expert advice that drives business success.
Why join us?
Join a collaborative and inclusive culture that’s committed to making a difference and building a more sustainable future. Ranked amongst the UK's 15 Best Big Companies to Work For in 2025, we offer fantastic career and development opportunities within a rapidly growing, innovative Group - where all profits go to charity and good causes.
What you'll be doing
- Playing a key role in managing and growing a developing renewal and new business portfolio.
- Opportunities to cross-train across various binders and different sectors.
- Working with our broking team to ensure a smooth renewal process, reviewing and improving processes and client outcomes.
- Helping to establish new products within the underwriting team, building relationships with both insurers and our account executives/handlers.
- Offering expert advice and solutions to our broking arm.
- Working on client-centric projects, standardising and automating processes through innovative technology deployment.
What you'll need to have
- Previous insurance industry knowledge, with experience in Farm & Estate or Commercial underwriting. We are interested in hearing from underwriters with different levels of experience and can position the role around the candidate.
- An insatiable appetite to learn and a positive, solution focused mindset.
- Good communication skills with the ability to work collaboratively in a team environment.
- The ability to build and nurture co-operative and productive relationships across the broader team.
What makes you stand out
- Cert CII qualified
What we offer
- A competitive salary - let's discuss it
- Hybrid working available upon successful completion of probation
- Employer pension contribution of 5% rising to 10% after 5 years membership of the pension scheme
- Annual Bonus scheme (Discretionary based on individual and company performance)
- Life Assurance cover up to 4 x salary, and Group Income Protection scheme up to 65% of salary
- 25 days annual leave plus bank holidays (rising to 26 and 27 for 5 and 10 years’ service respectively)
- Career development opportunities with funded support and financial incentives for all professional qualifications.
- An Employee Assistance Programme with a wide range of benefits helping employees to stay healthy and feel supported.
Hear from the hiring manager
The Lycetts underwriting team is working to achieve something that is extremely rare in the broking world, separating delegated authority from the broking arm of the business, and in turn developing a centre for underwriting excellence. The centre for excellence will provide underwriters of all levels the opportunity to grow and expand both personally and commercially, whilst providing a close knit support network.
About us
The Lycetts Group has over 60 years’ experience of providing a comprehensive range of insurance, risk management and financial advice to a broad cross section of commercial and private clients. We strive to be a trusted adviser to our clients and are proud of our continued high client satisfaction scores.
Benefact Group is a unique international financial services Group made up of over 30 businesses. We are owned by a charity and have been the 3rd largest UK corporate donor over a decade, having given away £250 million since 2014. We have ambitious plans to become the UK’s number one corporate donor, with strategic objectives in place to double the Group’s size. We believe it’s essential to attract, empower, grow and reward talented people, offering fantastic opportunities for career and personal development. Our giving ethos, 135-year history and the diversity of what we do, has enabled us to build a culture of kindness, great ambition, and of passionate people driven to do better and be better. At Benefact Group, we are committed to creating an inclusive culture and building an environment where each and every one of us feels valued and respected. We are a community made up of people with a range of different backgrounds, abilities, perspectives, beliefs and interests and we value the strength this brings to us as a Group. We welcome applications from everyone. If you need any additional support during the recruitment process, then please let us know.
Underwriter in Newmarket employer: Benefact Group
Benefact Group is an excellent employer, offering a dynamic work culture that prioritises collaboration and personal growth. With competitive salaries, comprehensive benefits including a car allowance and generous annual leave, employees are empowered to thrive in their roles while making a meaningful impact in the London & South East region.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter in Newmarket
✨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 Benefact 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 Benefact 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 in Newmarket
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 Benefact Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Benefact 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 Benefact 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 Benefact 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 Benefact 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 Benefact 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.
