Assistant Underwriter - 12 month FTC in London
Assistant Underwriter - 12 month FTC

Assistant Underwriter - 12 month FTC in London

London Temporary 30000 - 42000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Support underwriting teams and manage accounts while identifying new business opportunities.
  • Company: CNA Hardy, a leading specialist commercial insurance provider.
  • Benefits: Comprehensive benefits package for physical, financial, emotional, and social wellbeing.
  • Why this job: Kickstart your career in insurance with hands-on experience and mentorship.
  • Qualifications: Understanding of risk management, analytical skills, and effective communication.
  • Other info: Join a dynamic team focused on customer commitment and professional growth.

The predicted salary is between 30000 - 42000 £ per year.

You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential. CNA seeks to offer a comprehensive and competitive benefits package to our employees that helps them — and their family members — achieve their physical, financial, emotional and social wellbeing goals.

JOB DESCRIPTION: Support the execution of the business plan by supporting underwriting teams, focusing on developing underwriting skills and technical knowledge whilst helping to manage existing accounts and identifying new business opportunities.

  • Contribute to business plan achievement by handling renewals and writing new business within underwriting authority.
  • Establish and build upon relationships with brokers, clients, reinsurers and Lloyds as necessary.
  • Promote the development of the business by identifying new business and cross sell opportunities.
  • Support the preparation of the business plan and any other document/information as required.
  • Ensure accurate entry of policy aggregate information onto the relevant software and spreadsheets, as required.
  • Ensure the syndicate records and files are maintained and up to date.
  • Validate USMs and SCMs on a daily basis.
  • Prepare and report figures and statistics for the business unit or team account.
  • Support the monitoring and control of the business, as directed by Underwriters.
  • Liaise with and assist the claims department when required in the settlement of claims.
  • Comply with all applicable legal and regulatory requirements and ensure, at a level appropriate to the position, that appropriate measures are in place to ensure this compliance.
  • May perform additional duties as assigned.

Skills, Knowledge & Experience:

  • Demonstrated understanding of business objectives and the market in which we operate.
  • Intellectual curiosity.
  • Ability to plan and organise own role effectively.
  • Understanding of accounting principles.
  • Mathematical and statistical ability.
  • Strong understanding of risk management and governance framework and how own role fits into it.
  • Underwriting discipline.
  • A practical understanding and analysis of risk, pricing, contract wordings, and claims.
  • Ability to promote own profile and CNA Hardy to brokers and clients.
  • Demonstrated analytical and problem solving skills.
  • Effective communication and rapport building skills.
  • Effective influencing skills.
  • Ability to be assertive when appropriate.
  • Ability to use appropriate systems to the technical level required.
  • ACII qualified.
  • Completion of ALMI test or equivalent.
  • Appropriate knowledge of all relevant regulatory and legal requirements applicable to the position.

CNA Hardy is a leading specialist commercial insurance provider for clients within the Lloyd's and company markets. We are part of CNA Financial Corp, the 8th largest U.S. commercial property and casualty insurance company. Established in 1897, CNA has approximately 7,000 employees, serving businesses and professionals in the U.S., Canada, Europe and Asia. We offer a wide range of products and services, providing a superior suite of insurance solutions that any organisation conducting business requires.

Why Choose CNA Hardy? For us, the customer comes first. Our winning proposition is our commitment to our customers: We offer more than just a policy – we deliver distinctive insurance solutions and we promise a superior customer service. How we deliver on this commitment is what sets us apart from the competition.

  • Our people: We recognise that our staff bring our commitment to our customers to life. Our priority is to be a great place to work so we continue to attract, retain and develop the best talent in the market.
  • Our product offering: We develop innovative and specialised solutions by product and industry specialism and create certainty for customers through the delivery of underwriting and service excellence.
  • Our relationships: We believe in building enduring relationships and want to focus our energy on partnering with customers and producers who value our approach and seek the same.
  • Our track record: Our financial strength underpins our contract with our customers. We receive consistently high ratings from AM Best and Standard and Poor's proving our ability to deliver on our commitment should the worst happen.

Treating Customers Fairly: We deal with our Customers in a professional, open and honest way at all times, designing and delivering products that meet their needs; ensuring that no claims are unreasonably rejected; and aiming to do things right the first time and putting them right if we get them wrong.

CNA is an equal opportunity employer. CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact leaveadministration@cna.com.

Assistant Underwriter - 12 month FTC in London employer: CNA Hardy

CNA Hardy is an exceptional employer that prioritises the growth and wellbeing of its employees, offering a comprehensive benefits package designed to support physical, financial, emotional, and social goals. With a strong commitment to fostering a collaborative work culture, employees are encouraged to develop their underwriting skills and build meaningful relationships within the industry, all while being part of a leading specialist commercial insurance provider with a global presence. Joining CNA means being part of a team that values your contributions and invests in your professional development, ensuring you have the tools and support needed to thrive in your career.
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Contact Detail:

CNA Hardy Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Assistant Underwriter - 12 month FTC in London

✨Tip Number 1

Network like a pro! Reach out to people in the industry, attend events, and connect with potential colleagues on LinkedIn. Building relationships can open doors that a CV just can't.

✨Tip Number 2

Prepare for interviews by researching CNA and understanding their business model. Show them you’re not just another candidate; you’re genuinely interested in their mission and how you can contribute.

✨Tip Number 3

Practice your pitch! Be ready to explain how your skills align with the role of Assistant Underwriter. Highlight your analytical skills and ability to build relationships – these are key in underwriting.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re serious about joining the CNA team.

We think you need these skills to ace Assistant Underwriter - 12 month FTC in London

Underwriting Skills
Analytical Skills
Problem-Solving Skills
Effective Communication Skills
Relationship Building
Risk Management
Mathematical Ability
Statistical Ability
Organisational Skills
Knowledge of Regulatory Requirements
Technical Proficiency in Relevant Software
Intellectual Curiosity
Ability to Influence
Assertiveness

Some tips for your application 🫡

Show Your Passion: When you're writing your application, let your enthusiasm for the role shine through! We want to see that you’re genuinely excited about the opportunity to support underwriting teams and contribute to our business plan.

Tailor Your CV: Make sure your CV is tailored to the Assistant Underwriter position. Highlight relevant skills like your understanding of risk management and any experience with underwriting or client relationships. We love seeing how your background fits with what we do!

Be Clear and Concise: Keep your application clear and to the point. Use straightforward language and avoid jargon unless it’s relevant. We appreciate a well-structured application that makes it easy for us to see your qualifications and potential.

Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about CNA and what we stand for.

How to prepare for a job interview at CNA Hardy

✨Know Your Underwriting Basics

Before the interview, brush up on your understanding of underwriting principles and risk management. Familiarise yourself with common terms and concepts, as this will help you speak confidently about your technical knowledge during the interview.

✨Showcase Your Analytical Skills

Prepare examples that demonstrate your analytical and problem-solving abilities. Think of situations where you've successfully assessed risks or made data-driven decisions, as these will resonate well with the interviewers at CNA.

✨Build Rapport with Interviewers

Practice your communication skills to ensure you can build rapport with the interviewers. Remember, they’re looking for someone who can establish relationships with brokers and clients, so showing your interpersonal skills is key.

✨Ask Insightful Questions

Prepare thoughtful questions about CNA's business plan and how the Assistant Underwriter role contributes to it. This shows your intellectual curiosity and genuine interest in the company, which can set you apart from other candidates.

Assistant Underwriter - 12 month FTC in London
CNA Hardy
Location: London
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  • Assistant Underwriter - 12 month FTC in London

    London
    Temporary
    30000 - 42000 £ / year (est.)
  • C

    CNA Hardy

    201-500
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