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- Tasks: Support senior underwriters and manage a diverse portfolio with precision.
- Company: Join a dynamic underwriting team in the transportation sector.
- Benefits: Competitive salary, career growth, and opportunities for mentorship.
- Why this job: Make a real impact while developing your technical underwriting expertise.
- Qualifications: Experience in underwriting and strong analytical skills required.
- Other info: Fast-paced environment with opportunities for business travel and networking.
The predicted salary is between 36000 - 60000 £ per year.
Join our dynamic underwriting team, where you will play a key role in supporting senior underwriters and contributing to the delivery of our Class Business Plan. This role offers the opportunity to develop your technical underwriting expertise, help mentor junior team members, and build strong relationships with brokers and clients. You will handle a varied portfolio, write and review business with discipline and precision, and ensure our underwriting standards and regulatory commitments are consistently upheld. If you are looking to grow your career in a fast-paced, collaborative environment, this is an excellent opportunity to make a real impact.
- To support the senior Underwriters in achieving Class Business Plan;
- To support the training of Underwriting Assistants and Assistant Underwriters;
- To write business in accordance with the business plan and underwriting guidelines;
- Underwriting contracts of insurance according to Underwriting Guidelines, appetite and authorities;
- Ensuring all risks are recorded in accordance with procedures;
- To Peer Review risks of other Underwriters;
- Ensuring that maintenance of the records are carried out in accordance with procedures;
- Review new business enquiries and look to secure new orders through a selective and disciplined underwriting approach, in accordance with pricing and underwriting frameworks;
- Ensure renewal accounts are retained, with pricing and coverage amendments implemented in line with underwriting guidelines;
- To provide information and assistance to ensure all staff can carry out their responsibilities;
- To ensure wordings on risks written are appropriate, reviewed and developed where appropriate;
- To act in accordance with all regulatory standards and principles at all times;
- To assist with credit control on the accounts written within the underwriting team;
- To be aware of all matters relating to the underwriting team and report on this when required by the business;
- To be available for business travel, where possible, whether that be market conferences or client visits;
- To uphold a consistent and efficient level of service to brokers and clients.
Qualifications:
- London transportation market knowledge;
- US Transportation market and Lloyds standard wordings knowledge;
- Underwriting experience of the Class of Business;
- Good analytical skills with attention to detail;
- Good communication skills;
- ACII qualification or working towards the qualification preferred.
Underwriter - Transportation employer: Berkley Specialty London (a Berkley Company)
Contact Detail:
Berkley Specialty London (a Berkley Company) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Transportation
✨Tip Number 1
Network like a pro! Reach out to industry professionals on LinkedIn or attend local events. Building relationships can open doors that applications alone can't.
✨Tip Number 2
Prepare for interviews by researching the company and its underwriting practices. Show us you understand the transportation market and how you can contribute to our Class Business Plan.
✨Tip Number 3
Practice your pitch! Be ready to explain your experience and how it aligns with our needs. We want to hear how you can help mentor junior team members and uphold our underwriting standards.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Underwriter - Transportation
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriter role. Highlight your experience in the transportation market and any relevant qualifications like ACII. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about underwriting and how you can contribute to our Class Business Plan. Keep it engaging and personal – we love a good story!
Showcase Your Analytical Skills: Since this role requires good analytical skills, make sure to include examples of how you've used these skills in past roles. We’re looking for attention to detail and precision in your application!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Berkley Specialty London (a Berkley Company)
✨Know Your Underwriting Basics
Make sure you brush up on your underwriting knowledge, especially in the transportation sector. Familiarise yourself with Lloyd's standard wordings and the specific guidelines relevant to the role. This will show that you're not just interested in the job, but that you understand the nuances of the industry.
✨Showcase Your Analytical Skills
During the interview, be prepared to discuss how you've used your analytical skills in past roles. Bring examples of how you've handled risk assessments or pricing strategies. This will demonstrate your attention to detail and your ability to make informed decisions, which are crucial for an underwriter.
✨Prepare for Scenario Questions
Expect scenario-based questions where you'll need to demonstrate your decision-making process. Think about how you would approach underwriting a new business enquiry or how you'd handle a challenging client situation. Practising these scenarios can help you articulate your thought process clearly.
✨Emphasise Team Collaboration
Since this role involves mentoring junior team members and collaborating with brokers, highlight your teamwork experiences. Share examples of how you've supported colleagues or contributed to a team goal. This will show that you’re a team player who values collaboration in a fast-paced environment.
