At a Glance
- Tasks: Support underwriting and develop relationships in the fast-paced Life Science sector.
- Company: Join a forward-thinking insurance company with a focus on innovation.
- Benefits: Permanent full-time role with growth opportunities and a dynamic work environment.
- Other info: Fun workplace culture that values passion, teamwork, and continuous learning.
- Why this job: Be part of a team that challenges norms and makes a real impact in Life Sciences.
- Qualifications: 2 years of insurance experience, preferably in underwriting or broking.
The predicted salary is between 49500 - 60500 £ per year.
Thanks to our continued growth, the Life Science team at CFC is looking to welcome a new Assistant Underwriter with experience in Underwriting and an interest in the Life Sciences sector.
Our specialist Underwriters offer three tailored policy packages designed for traditional Life Sciences, the digital Medtech sector and Dietary Supplements. Innovation is at the heart of what we do and our Life Science team exemplifies this by continuously evolving our products to address the unique risks faced by providers in this space. This role is an exciting opportunity for an ambitious professional eager to join a fast-growing, forward-thinking organisation.
As an Assistant Underwriter you’ll learn to develop and underwrite profitable business within CFC’s Life Science team. You’ll support the team across a variety of areas, including:
- Responding to enquiries and renewal submissions from brokers in a timely and professional manner, delivering a first class service to produce quotations within agreed SLAs and authority parameters;
- Explaining the features, advantages and benefits of Life Science insurance products and coverage enhancements, supporting product launches and raising awareness of new and existing products;
- Assisting with the preparation and delivery of internal and external presentations on CFC products, key trends and emerging exposures;
- Conducting research to develop subject matter expertise and investigate relevant legislation/regulation/compliance issues affecting our target territories and markets;
- Supporting the team in marketing Life Science capabilities through existing contacts and new relationships, and over time, attending ad-hoc business trips in the UK and internationally as required;
- Assisting the team with the production of reports and statistics to support the monitoring of team performance.
We are looking for driven, self-starters with a strong work ethic who can contribute to a fast-paced working environment and work within a high performance team. The successful candidate will possess a sales- and service-oriented approach, demonstrate confidence and professionalism both on the phone and in meetings with brokers, and show a clear drive and capability to support the growth of the team.
The ideal candidate will have at least 2 years experience within Insurance, in either an underwriting or broking environment, with multi-class insurance exposure preferred. Previous exposure to life science or P&C products within an insurance environment, work environment and/or educationally would also be beneficial.
You’ll be curious to learn and improve your underwriting ability and knowledge on the constantly evolving life science market. You will be expected to work at a high pace and intensity that underpins the successful framework of the CFC business and develop relationships with internal and external stakeholders.
Core Values
- Love what you do: We show up each day ready to take on the world. Our passion and intensity set us apart and makes the difference to our colleagues, customers, brokers and carriers.
- Challenge everything: We’re never afraid to question the way that things are done and we constantly challenge ourselves and others to make things better.
- Have fun, be good: Insurance is a serious business, but we don’t take ourselves too seriously. We make it fun to work at CFC, we welcome all viewpoints, and we treat everyone how we would expect to be treated.
Assistant Underwriter, Life Science employer: CFC
CFC is an exceptional employer that prioritises the employee experience, offering a dynamic work culture in the heart of London. With a strong focus on professional development and continuous improvement, employees are encouraged to grow their skills and advance their careers while enjoying a supportive environment that values communication and collaboration. The unique advantages of working in London include access to a vibrant city life and networking opportunities that enhance both personal and professional growth.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Underwriter, Life Science
✨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 CFC). 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 CFC. 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, Life Science
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 CFC.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at CFC. 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 CFC
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at CFC 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 CFC, 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 CFC'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.
