At a Glance
- Tasks: Underwrite Engineering and Construction Insurance, achieving financial goals and maintaining portfolio integrity.
- Company: Join Chubb, a leading global insurance provider with a strong reputation.
- Benefits: Competitive salary, professional development, and opportunities for mentorship.
- Why this job: Make an impact in a dynamic field while working with industry experts.
- Qualifications: Extensive experience in underwriting and knowledge of engineering and construction insurance.
- Other info: Collaborative environment with opportunities for career growth and leadership.
The predicted salary is between 36000 - 60000 Β£ per year.
We are currently recruiting a Senior Underwriter to achieve underwriting income targets and profit goals in the specialist area of Engineering and Construction Insurance in accordance with the Chubb set business plan and underwriting guidelines and appetite. To ensure underwriting integrity through appropriate deployment of capacity, whilst being compliant with guidelines and controls, consistency of approach towards risk selection, pricing, and use of capacity whilst recognising market conditions within delegated underwriting authority.
Key Responsibilities:
- Financial Goals: To underwrite new business or renewals according to defined underwriting guidelines, specified budget and local business plan.
- Portfolio Integrity: To assist in formulating underwriting strategy, forecasts and portfolio management in order to achieve underwriting profitability. To ensure quality control within defined area of responsibility.
- Product Development: To prioritise and develop products within area of specialist expertise in order to improve client retention and new business. This may involve collaborating with peers within other products in the UK and I and across business lines in Europe as well as globally.
- Producer Management: To represent and promote Chubb corporately to brokers, internal and external clients domestically and overseas. This may involve servicing key producers and clients, monitoring business acquisition and retention as well as maximising cross-selling opportunities.
- Procedures: To meet company standards in respect of policy documentation, timeframe for quoting new and renewal business and compliance issues.
- Operational Management: To support junior colleagues by using the peer review process as well as providing mentoring, training and coaching where appropriate. In so doing, ensuring a high-quality underwriting team.
- Chubb Representative: To represent and promote Chubb and maintain a permanent contact with internal colleagues and clients as well as major domestic and overseas clients.
Excellent market experience and knowledge of UK Regional and, in some cases, International Erection/Construction all Risks and Operational Engineering insurances and exposures in the given classes currently written by Chubb Technical Lines including, but not limited to, Power β Traditional, Alternative and some Renewable and Heavy and Light Mechanical and Electrical Industries. Extensive experience, competence and understanding of this specialist product line, the insurance market and our competitors. Solid experience of dealing with brokers of all tiers and clients. Results driven with ability to make own decisions and work on own initiative. Experienced in Engineering and Construction practices and methods and client experience and knowledge, policy exposures and suitable policy requirements. Experienced in leadership.
Senior Engineering & Construction Underwriter, Commercial Insurance in Glasgow employer: Chubb
Contact Detail:
Chubb Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Senior Engineering & Construction Underwriter, Commercial Insurance in Glasgow
β¨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and donβt be shy about reaching out to professionals on LinkedIn. We all know that sometimes itβs not just what you know, but who you know that can help land that dream job.
β¨Show Off Your Expertise
When you get the chance to chat with potential employers, make sure to highlight your experience in Engineering and Construction insurance. Share specific examples of how you've tackled challenges or achieved results in previous roles. We want to see your passion and knowledge shine through!
β¨Prepare for the Interview
Do your homework before any interview! Research the company, understand their products, and be ready to discuss how your skills align with their goals. We recommend practising common interview questions and preparing some thoughtful questions of your own to show your interest.
β¨Apply Through Our Website
Donβt forget to apply directly through our website! Itβs the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to engage with us directly. Letβs make it happen together!
We think you need these skills to ace Senior Engineering & Construction Underwriter, Commercial Insurance in Glasgow
Some tips for your application π«‘
Tailor Your CV: Make sure your CV is tailored to the Senior Underwriter role. Highlight your experience in Engineering and Construction Insurance, and donβt forget to showcase your results-driven mindset and decision-making skills.
Craft a Compelling Cover Letter: Your cover letter should tell us why youβre the perfect fit for this role. Mention specific examples of how you've achieved underwriting income targets and your approach to risk selection and pricing.
Showcase Your Market Knowledge: We want to see your understanding of the UK Regional and International Erection/Construction insurance market. Share insights or experiences that demonstrate your expertise in this area.
Apply Through Our Website: Donβt forget to apply through our website! Itβs the best way for us to receive your application and ensures youβre considered for the role. We canβt wait to hear from you!
How to prepare for a job interview at Chubb
β¨Know Your Underwriting Inside Out
Make sure you brush up on your knowledge of Engineering and Construction Insurance. Understand the key risks, market conditions, and underwriting guidelines specific to this area. Being able to discuss these topics confidently will show that you're not just familiar with the role but genuinely passionate about it.
β¨Showcase Your Financial Acumen
Since achieving underwriting income targets is crucial, be prepared to discuss how you've successfully managed financial goals in previous roles. Bring examples of how you've contributed to profitability and portfolio integrity, and be ready to explain your approach to risk selection and pricing.
β¨Demonstrate Collaborative Spirit
This role involves working closely with brokers and internal teams. Share experiences where you've successfully collaborated on product development or client retention strategies. Highlight your ability to mentor and support junior colleagues, as this shows leadership potential and a commitment to team success.
β¨Prepare for Scenario Questions
Expect to face scenario-based questions that test your decision-making skills under pressure. Think of situations where you've had to make tough underwriting decisions or manage complex client relationships. Practising these scenarios will help you articulate your thought process clearly during the interview.