At a Glance
- Tasks: Join our team to shape underwriting strategies and manage exciting commercial property risks.
- Company: Dynamic insurance firm committed to innovation and inclusivity.
- Benefits: Competitive salary, flexible working options, and opportunities for personal growth.
- Other info: Join a diverse team with excellent career advancement opportunities.
- Why this job: Make a real impact in the insurance industry while developing your skills.
- Qualifications: Experience in underwriting and strong communication skills are essential.
The predicted salary is between 50000 - 65000 € per year.
Responsibilities
- Responsible for the contribution towards and implementation of the underwriting strategy within the Underwriting Team.
- Executes and monitors the underwriting activities with regular contact with the Underwriting Management Team.
- In liaison with the Head of Commercial Property, is responsible for the execution of the International Strategy.
Results
- Develops and executes a strategy to achieve the business plan from a premium, loss and expense perspective for assigned product lines and territory.
- Proactively manages renewals, renewal change, and new business to achieve premium plan.
- Executes portfolio management strategies to drive a better loss ratio and achieve plan.
- Proactively manages direct commissions and direct expenses to achieve plan.
Underwriting and Compliance
- Underwrites and prices individual risks whilst following underwriting guidelines, policies and procedures.
- Effectively utilises underwriting tools whilst thoroughly documenting underwriting and pricing decisions.
- Works collaboratively with support areas to meet service standards.
Distribution/Customer Management
- In collaboration with Underwriting Leadership, proactively manages distribution partners.
- Acts as broker liaison for assigned products.
- Develops and executes a customer (broker and insured) visitation strategy for assigned products and territory to drive submission flow and improve customer retention.
Leadership and Personal Development
- Effectively manages staff through the effective utilisation of performance objectives, feedback loops and development plans to develop and retain staff.
- Acts as product line expert for area of expertise.
- Organises and provides technical training to junior personnel.
- Promotes a diverse and inclusive culture.
- Acts as an effective role model for others.
- Performs training within agreed timeframes.
Qualifications
- Extensive underwriting experience and knowledge in the Class of Business.
- Sound commercial and financial knowledge.
- Knowledge of the insurance regulatory environment.
- Strong communication, negotiation and interpersonal skills.
- Analytical and problem-solving skills, ability to multi-task and to prioritise conflicting demands/requests within given time constraints.
- Ability to exercise individual judgment and effectively make sound business decisions.
- Strong interpersonal skills with a proven ability to communicate effectively with stakeholders at various levels, both verbally and in writing.
- Outcome focused, self-motivated, flexible and enthusiastic.
- Ability to work within and promote a diverse and inclusive culture.
Commercial Property Underwriter employer: Berkley Specialty London (a Berkley Company)
As a leading employer in the commercial property underwriting sector, we pride ourselves on fostering a dynamic and inclusive work culture that prioritises employee growth and development. Our team members benefit from comprehensive training programmes, competitive remuneration packages, and the opportunity to engage with diverse clients and partners in a vibrant location. Join us to be part of a forward-thinking organisation that values innovation and collaboration, ensuring a rewarding career path for all employees.
Contact Detail:
Berkley Specialty London (a Berkley Company) Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Commercial Property Underwriter
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its underwriting strategies. Be ready to discuss how your experience aligns with their goals. Show them you’re not just another candidate, but someone who’s genuinely interested in their success.
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way. It shows your enthusiasm for the role and keeps you fresh in their minds as they make their decision.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities waiting for you, and applying directly can sometimes give you an edge over other candidates. Plus, it’s super easy!
We think you need these skills to ace Commercial Property Underwriter
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your underwriting experience and any relevant achievements that align with the responsibilities of a Commercial Property Underwriter.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the role. Mention specific examples of how you've successfully managed renewals or executed strategies in previous roles.
Showcase Your Communication Skills:Since strong communication is key for this role, ensure your application is clear and concise. Use professional language but keep it friendly. We want to see your personality shine through!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Berkley Specialty London (a Berkley Company)
✨Know Your Underwriting Inside Out
Make sure you brush up on your underwriting knowledge, especially in the commercial property sector. Be prepared to discuss specific underwriting strategies and tools you've used in the past, as well as how you've managed risks and pricing decisions.
✨Showcase Your Communication Skills
Since this role involves liaising with brokers and managing distribution partners, practice articulating your thoughts clearly. Think of examples where your strong communication skills made a difference in your previous roles, and be ready to share them.
✨Demonstrate Your Analytical Prowess
Prepare to discuss how you've tackled complex problems in underwriting. Bring examples of how you've analysed data to drive better loss ratios or improve premium plans. This will show that you can think critically and make sound business decisions.
✨Emphasise Team Collaboration
This position requires working closely with various teams. Be ready to talk about your experience in collaborating with others, especially in training junior staff or promoting an inclusive culture. Highlight any leadership roles you've taken on and how you've supported your team.
