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- Tasks: Manage submissions, quotes, and binds for new business in a hybrid role.
- Company: Join a dynamic London-based underwriting team focused on diverse commercial sectors.
- Benefits: Enjoy hybrid working with 3 days in the office and 2 days remote.
- Why this job: Be part of a supportive team while making impactful decisions in the insurance market.
- Qualifications: A Levels or similar qualification; strong analytical and communication skills required.
- Other info: Work with a variety of clients, from charities to manufacturing, with premiums ranging from £15,000 to £400,000.
The predicted salary is between 43200 - 72000 £ per year.
Our clients are looking for a Senior Development Underwriter to join their London Branch, proactively managing the submissions, quotes, and binds for new business and delivering against target quote and conversion ratios. This job is hybrid working – 3 days in London or seeing Brokers, 2 days at home.
Joining a London based New business underwriting team as a Senior P&C underwriter, you will write general commercial combined business. Products include Charities (Healthcare), Education, Health and Social Care, Hotels, Manufacturing, Office, Property Owners, Restaurants, Motor Trade, and Warehousing. Premiums are probably from £15,000 – £400,000. The London team covers a wide area to include Essex, East Anglia, Milton Keynes, Bedford, Reading, and Kent. Underwriters are supported by administrators in Redhill and a sales and distribution team.
What Will You Do?
Manage the profitability, growth, and retention of an assigned book of business primarily comprised of moderate to complex accounts across all our clients’ products.
Underwrite and skilfully negotiate moderate to complex risks to minimise risk and maximise profitability, including Mid Term Adjustments (MTAs).
Proactively manage your portfolio, ensuring key performance indicators are consistently achieved and you actively target new business and retention.
What Will Our Ideal Candidate Have?
A Levels or similar qualification.
Knowledge: Deep knowledge of products, the regulatory environment, and the local insurance market.
Analytical/Critical thinking: Strong critical thinking skills with the ability to underwrite, market products, identify financial challenges, and analyse available information to make decisions in alignment with our clients’ risk appetite.
Communication/Influence: Excellent communication skills with the ability to successfully negotiate in difficult situations with brokers.
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Senior Property & Casualty Underwriter employer: Compass Recruitment Ltd
Contact Detail:
Compass Recruitment Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Property & Casualty Underwriter
✨Tip Number 1
Familiarize yourself with the specific products mentioned in the job description, such as Charities, Education, and Health and Social Care. Understanding these sectors will help you demonstrate your expertise during interviews and discussions.
✨Tip Number 2
Network with professionals in the London insurance market, especially those who work with brokers. Building relationships can provide valuable insights and potentially lead to referrals for the position.
✨Tip Number 3
Stay updated on the latest trends and regulatory changes in the property and casualty insurance sector. This knowledge will not only enhance your understanding but also show your commitment to the field during conversations with potential employers.
✨Tip Number 4
Prepare to discuss your experience with managing portfolios and achieving key performance indicators. Be ready to share specific examples of how you've successfully targeted new business and retained clients in previous roles.
We think you need these skills to ace Senior Property & Casualty Underwriter
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description and understand the key responsibilities and requirements of the Senior Property & Casualty Underwriter position. Tailor your application to highlight relevant experience and skills.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience in underwriting, particularly with moderate to complex accounts. Mention specific products you have worked with that align with the company's offerings, such as Charities, Education, or Health and Social Care.
Showcase Analytical Skills: Demonstrate your analytical and critical thinking abilities in your application. Provide examples of how you've successfully assessed risks and made decisions that align with a client's risk appetite in previous roles.
Communicate Effectively: Since excellent communication skills are crucial for this role, ensure your application reflects your ability to negotiate and influence. Use clear and concise language, and consider including examples of successful negotiations with brokers.
How to prepare for a job interview at Compass Recruitment Ltd
✨Showcase Your Industry Knowledge
Make sure to demonstrate your deep understanding of the property and casualty insurance market. Be prepared to discuss specific products and regulatory environments relevant to the role, as this will show that you are well-versed in the industry.
✨Prepare for Complex Risk Scenarios
Since the role involves underwriting moderate to complex risks, practice articulating your thought process in analyzing and negotiating these risks. Use examples from your past experience to illustrate how you've successfully managed similar situations.
✨Highlight Your Communication Skills
Excellent communication is key in this role, especially when negotiating with brokers. Prepare to discuss how you've effectively communicated in challenging situations and how you can influence outcomes positively.
✨Demonstrate Your Analytical Thinking
Be ready to showcase your analytical skills by discussing how you approach decision-making. Provide examples of how you've identified financial challenges and made informed decisions that align with a client's risk appetite.
