At a Glance
- Tasks: Support underwriting and business development while building broker relationships.
- Company: Join a leading professional liability team in London with a vibrant culture.
- Benefits: Gain valuable experience, competitive salary, and opportunities for growth.
- Other info: Enjoy a fun work environment while making a real impact in the insurance industry.
- Why this job: Be part of a dynamic team that insures over 15,000 clients and tackles diverse risks.
- Qualifications: Proactive individuals with analytical skills and a background in broking or underwriting.
The predicted salary is between 60000 - 70089 £ per year.
Thanks to continued significant organic growth, we have an exciting opportunity for an Assistant Underwriter to join one of the most established Professional Liability teams in London. The team are a market leader in providing professional liability solutions for SME businesses, as well as a developing book of middle market and larger accounts. As a team of 22, they insure over 15,000 clients, and consider over 50,000 submissions a year.
As one of the largest professional liability teams in London, who focus on protecting US based clients, this is a great opportunity to be exposed to an extensive variety of risks. Whilst professional liability is a core component of coverage, the team's innovative package policies include general liability, cyber and property insurance on one policy form, giving you the ability to gain experience you are unlikely to find elsewhere. Having six unique products, for a range of professional service firms from engineers to contractors to miscellaneous professional firms both in the traditional and emerging sectors, the opportunities to learn and develop are endless.
As an Assistant Underwriter on the US Professions team you’ll learn to develop and underwrite profitable business within CFC’s Professions team. You’ll support the team across a variety of areas, including:
- Supporting new business development
- Underwriting renewal accounts
- Building and maintaining broker relationships
- Responding to Profession queries from other product line underwriters
Key responsibilities include:
- Responding to broker enquiries and renewal submissions, delivering quotations within agreed SLAs and underwriting authority.
- Promoting the features and benefits of CFC’s Professions products, supporting product launches and market awareness initiatives.
- Supporting the creation and delivery of internal and external presentations on products, market trends, and emerging risks.
- Conducting research to build technical expertise and stay informed on relevant regulatory and compliance developments.
- Contributing to product, system, process, and policy improvement projects.
- Supporting team performance through effective collaboration and delivery against objectives.
- Helping grow CFC’s US Professions business by developing broker relationships and supporting marketing initiatives, including occasional US travel.
- Producing reports and management information to monitor team performance and activity.
- Providing general administrative and ad hoc support to the wider US Professions team.
We're looking for proactive, motivated individuals who thrive in a fast-paced environment and enjoy contributing to a high-performing team. This role offers the opportunity to further develop both your underwriting and business development skills. We're particularly interested in candidates with a background in either broking or underwriting ready to take the next step in their career.
Experience within Professional Indemnity or related professions classes is highly desirable, alongside the ability to build strong, lasting relationships with brokers and colleagues. You’ll have strong analytical skills, excellent attention to detail, and the confidence to make sound decisions. Most importantly, you'll enjoy working collaboratively with internal and external stakeholders to help drive the continued growth of the business.
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 - US Professions 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 - US Professions
✨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 - US Professions
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.
