At a Glance
- Tasks: Underwrite diverse real estate risks and evaluate submissions in detail.
- Company: Join a leading insurer's UK Commercial Division based in Manchester.
- Benefits: Enjoy a dynamic work environment with opportunities for growth and development.
- Why this job: Make a meaningful impact in a thriving market while collaborating with a supportive team.
- Qualifications: Strong underwriting experience in commercial real estate and excellent communication skills required.
- Other info: Opportunity to guide junior staff and contribute to strategic portfolio development.
The predicted salary is between 36000 - 60000 £ per year.
An excellent opportunity has arisen for an experienced Real Estate Underwriter to join a leading insurer’s UK Commercial Division based in Manchester. This role focuses on underwriting a broad portfolio of real estate risks, supporting regional growth while maintaining underwriting discipline and profitability.
Key Responsibilities:
- Underwrite UK-based real estate risks, including commercial, residential, mixed-use, and development properties.
- Evaluate submissions in detail, including lease agreements, occupancy, construction details, and risk exposures.
- Develop and apply accurate pricing models in partnership with actuarial teams.
- Prepare and review bespoke policy wordings and endorsements, ensuring timely and correct issuance of bound policies.
- Foster and grow relationships with regional and national brokers, representing the company at meetings, presentations, and industry events.
- Stay informed on UK property market dynamics, regulatory developments, and emerging risk issues.
- Collaborate with internal teams including Claims and Risk Engineering to help shape underwriting strategies.
- Guide and support Assistant Underwriters to ensure high-quality, consistent output.
- Contribute to the strategic development of the real estate portfolio across the UK, with a focus on the Northern market.
What You Bring:
- Strong underwriting experience in commercial real estate, ideally with a regional or national remit.
- Deep understanding of property risk factors and market trends.
- Excellent communication and negotiation skills with a broker-focused mindset.
- Organized, analytical, and commercially aware.
- A team-oriented approach with the ability to work independently and support junior staff.
This is a fantastic opportunity for a real estate underwriting specialist to drive meaningful impact in a thriving regional market while being part of a dynamic and growing UK commercial team.
For more information please apply to Ian Kennelly at IDEX.
Real Estate Underwriter employer: Career Wallet
Contact Detail:
Career Wallet Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Real Estate Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in the UK property market. Understanding current dynamics and emerging risks will not only help you in interviews but also demonstrate your commitment to staying informed, which is crucial for a role like this.
✨Tip Number 2
Network with professionals in the real estate underwriting field. Attend industry events or webinars where you can meet brokers and other underwriters. Building these relationships can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss specific underwriting cases you've handled in the past. Be ready to explain your thought process, the challenges you faced, and how you overcame them. This will showcase your analytical skills and experience effectively.
✨Tip Number 4
Demonstrate your team-oriented approach by sharing examples of how you've supported junior staff or collaborated with internal teams. Highlighting your ability to work well with others will resonate with the company's values and culture.
We think you need these skills to ace Real Estate Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant underwriting experience in commercial real estate. Emphasise your understanding of property risk factors and market trends, as these are crucial for the role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your communication and negotiation skills. Mention specific examples of how you've successfully underwritten real estate risks and built relationships with brokers.
Highlight Relevant Skills: In your application, clearly outline your analytical abilities and team-oriented approach. Mention any experience you have in guiding junior staff or collaborating with internal teams, as this is important for the role.
Show Industry Knowledge: Demonstrate your awareness of UK property market dynamics and regulatory developments in your application. This will show that you are proactive and well-informed, which is essential for a successful underwriter.
How to prepare for a job interview at Career Wallet
✨Know Your Real Estate Risks
Familiarise yourself with the various types of real estate risks, including commercial, residential, and mixed-use properties. Be prepared to discuss specific examples from your experience that demonstrate your understanding of these risks and how you have successfully underwritten them.
✨Showcase Your Analytical Skills
Highlight your ability to evaluate submissions in detail, including lease agreements and risk exposures. Prepare to discuss how you develop pricing models and collaborate with actuarial teams, as this will show your analytical prowess and attention to detail.
✨Demonstrate Strong Communication Skills
Since the role involves fostering relationships with brokers, practice articulating your thoughts clearly and confidently. Be ready to share examples of how you've successfully negotiated terms or resolved conflicts in previous roles.
✨Stay Updated on Market Trends
Research current trends in the UK property market and any recent regulatory changes. Being knowledgeable about emerging risks will not only impress your interviewers but also demonstrate your commitment to staying informed in a dynamic industry.