At a Glance
- Tasks: Evaluate and onboard innovative insurance products in a fast-paced environment.
- Company: Dynamic InsurTech MGA revolutionising construction insurance with cutting-edge technology.
- Benefits: Competitive salary, bonuses, flexible hybrid working, and excellent career progression.
- Other info: Enjoy genuine autonomy and opportunities for skill development.
- Why this job: Join a forward-thinking team and supercharge your insurance career with real impact.
- Qualifications: 3+ years in Construction underwriting and a data-driven mindset.
The predicted salary is between 60000 - 75000 £ per year.
About the Company
Our client is a modern, technology-enabled insurance MGA who are looking for an innovative thinker to help develop niche insurance products that meet the changing needs of partners. They work at 100mph and are looking for someone who wants to supercharge their insurance career. Our client specialises in data-centric risk intelligence and is building something that will revolutionise the construction insurance space. We need an underwriter who thrives in an environment where underwriting expertise meets operational agility, and where their intelligence and expertise will be properly put to use.
About the Role
Reporting directly to our Underwriting Lead, you will oversee the evaluation and onboarding of specialty insurance programs. We aren’t just looking for someone to process files; we want an innovative mindset that can help refine our risk appetite and support our commercial expansion. You will utilise the latest technology to work efficiently and make smarter, data-driven decisions across our portfolio. Whether your background is in Construction or SME settings, you will play a crucial role in ensuring our underwriting intent is consistently documented and applied.
Responsibilities
- Sourcing, evaluating, and onboarding new insurance opportunities with a focus on technical excellence.
- Support broader business goals by identifying new ways to expand the partnership book.
- Conduct thorough qualitative and quantitative analysis of program profitability and risks.
- Work cross-functionally with operations and product teams to streamline internal workflows.
- Assist in maintaining and refining underwriting manuals and appetite statements.
Required Skills & Experience
- Minimum 3+ years of experience in Construction underwriting, ideally within an SME or MGA setting. InsurTech understanding is really important here as well.
- Strong multi-line product knowledge and familiarity with DA oversight.
- Familiarity with building and retaining broker relationships.
- A data-driven approach with high attention to detail regarding pricing and compliance.
- You understand why insurance organisations care about loss ratios and can translate that into smart underwriting.
- A track record of testing, learning, and pivoting to help an organisation explore new markets.
What’s in it for you:
- Up to £55K base salary, a great bonus, and exceptional company benefits.
- Fast-tracked promotion up to Underwriter.
- Truly hybrid working, with heaps of flexibility.
- Genuine autonomy and a company that pushes you to learn and develop your skills.
- Front-line exposure to a fast-paced MGA environment.
Assistant Underwriter in City of London employer: Broaden
Broaden is an exceptional employer that champions innovation and transformation within the insurance sector. With a strong focus on employee growth, we offer a collaborative work culture that empowers our team to drive meaningful change while enjoying the flexibility of remote work across the UK. Join us to be part of a dynamic environment where your contributions directly impact our success and the future of the industry.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Underwriter 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 Broaden). 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 Broaden. 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 Assistant Underwriter 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 Broaden.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Broaden. 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 Broaden
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Broaden 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 Broaden, 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 Broaden'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.
