At a Glance
- Tasks: Support the Equine team in delivering top-notch client service and processing business.
- Company: Join Convex, a unique player in the London insurance market with equine expertise.
- Benefits: Enjoy competitive salary, 30 days leave, private health cover, and learning budget.
- Other info: Dynamic role with mentorship and excellent growth opportunities.
- Why this job: Kickstart your career in underwriting while working with passionate equine professionals.
- Qualifications: 1-2 years in London insurance and a keen interest in equine required.
The predicted salary is between 30000 - 40000 £ per year.
The Equine team provides comprehensive Equestrian & Bloodstock insurance and reinsurance protection for clients worldwide. Convex are unique in the London insurance market in that we have Underwriters who have first-hand practical equine experience. This gives us a profound awareness and understanding of the requirements of this niche sector.
As a Trainee Underwriter, you will support the Equine team and the Underwriting Support Assistant (USA) team in delivering a high-quality client service. You will help ensure that new and renewal business are processed to agreed service standards. You will report directly into the Head of the ELA team and receive daily guidance and mentorship from experienced Underwriters.
Key Responsibilities- Build good working relationships with underwriting teams and ensure that Underwriting management are regularly communicated with and kept up to date.
- Support the Underwriting Support Assistant team who will be taking ownership of all aspects of the administration and referrals.
- Learn and develop an understanding of the Equine line of business including its market and competitor dynamics as well as technical aspects of pricing and insurance terms and conditions.
- Perform pre-underwriting calculations and work as directed by the Underwriter.
- Attend peer review meetings and participate in discussions on risks within the division.
- Ensure peer review packs/meeting preparation is completed and logged on the underwriting system.
- Produce and collate data for business planning.
- Manage the flow of bound risks received from the Underwriters.
- Run Underwriting and MI reports as required.
- Ensure all processing and credit control queries are answered within SLA timeframes.
- Liaise with brokers upon request in addition to internal departments such as credit control, claims & compliance.
- Work in conjunction with the Underwriting teams to ensure efficient working practices are in place such as identifying process improvements, providing feedback to reduce rework or errors and escalate any blockages to the team leader.
- Maintain awareness of the regulatory impact and ensure all underwriting activity is always within the guidelines.
- A few, probably about 1-2 years of experience in the London market insurance, combined with experience or proven interest in equine or the equestrian world.
- Studying towards the ACII qualification and committed to developing a career in underwriting.
- Thrive on building and maintaining working relationships within Convex as well as externally.
- Excellent numeracy and analytical skills combined with articulate verbal and written communication skills.
- Naturally curious with a continuous improvement mindset.
- Ability to work flexibly to complete duties of the role, particularly during peak underwriting periods.
- Highly organised with the ability to prioritise and maintain attention to detail, working with speed and accuracy.
- Competitive Salary
- 30 days Annual Leave
- Birthday Leave
- 10% Employer Pension Contribution
- Private Health Insurance Medical Cover
- Group Income Protection
- Life Assurance Cover
- Enhanced Parental Leave
- Annual Health Check
- 3 days of Volunteer Leave each year
- £1,300 to spend on learning & wellbeing
- Give as You Earn
- Cycle to Work
- Season Ticket Loan
Trainee Underwriter, Equine in London employer: Convex Insurance
As a Class Underwriter in Aerospace at our esteemed company, you will join a dynamic team that is not only a leader in the insurance market but also deeply committed to employee growth and well-being. With a competitive salary, generous annual leave, and a strong focus on professional development, including a substantial budget for learning and wellness, we foster a collaborative and innovative work culture. Our commitment to mentoring and supporting our talent ensures that you will have meaningful opportunities to advance your career while making a significant impact in the industry.
StudySmarter Expert Advice🤫
We think this is how you could land Trainee Underwriter, Equine in London
✨Get Clued Up on Insurance Events
Join local insurance events or workshops to network and soak in knowledge about the industry. It's a great way to meet potential employers, like Convex Insurance, and show off your enthusiasm for the field. Plus, you’ll gain insights that'll make you stand out during your interviews!
✨Tap into Your University’s Resources
Many universities offer career services specifically tailored for students looking for trainee roles in insurance. Make sure to utilise these—they can connect you with alumni in the industry or help you snag those hidden opportunities that aren't advertised widely!
✨Showcase Your Knowledge
Start a blog or social media account where you can share insights about current trends in insurance. This demonstrates your passion and keeps you in the minds of recruiters at places like Convex Insurance. A personal touch always helps in making a memorable impression!
✨Apply Through Our Website & Make It Personal
Don’t just hit 'apply' on the Convex Insurance website. Tailor your application to highlight your interest in the insurance sector and showcase any relevant projects or experiences. A few personal touches can go a long way in landing that trainee spot!
We think you need these skills to ace Trainee Underwriter, Equine in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In the insurance industry, analytical skills are a must. Make sure to showcase any relevant coursework or projects where you've solved complex problems or worked with data. This can really set you apart, especially in your CV or cover letter!
Show Your Interest in the Sector:For a trainee role, it’s super important to demonstrate your genuine interest in insurance. Talk about any internships, part-time jobs, or relevant studies that have sparked your passion for this field. We want to see that you're eager to learn and grow with us at Convex Insurance!
Tailor Your Cover Letter to the Role:Your cover letter should reflect your enthusiasm for the trainee position at Convex Insurance. Use it to explain why you're excited about a career in insurance and what you hope to learn during your time with us. Make it personal and engaging—it’ll catch our eye for sure!
Include Relevant Certifications or Courses:Even as a trainee, any extra certifications or courses related to insurance can really boost your application. Whether it's online courses or workshops, throw them in your CV to show us that you’re proactive about your professional development. It’ll demonstrate your commitment to stepping into this industry with enthusiasm!
How to prepare for a job interview at Convex Insurance
✨Understand the Basics of Insurance
Since you're interviewing for a trainee role in insurance, it’s vital to brush up on the key concepts in the industry. Familiarise yourself with terms like underwriting, risk assessment, and claims processing. It shows your genuine interest and helps you answer those technical questions more confidently.
✨Prepare for Scenario-based Questions
Expect scenario-based questions during your interview! They might dive into how you would handle specific insurance situations or customer complaints. Think about examples from your studies or past experiences where you demonstrated problem-solving and customer service skills. They're looking for how you approach issues in a practical setting.
✨Focus on Your Learning Potential
As a trainee, your eagerness to learn is key. Be ready to discuss what excites you about the insurance field and how you plan to grow within the role at Convex Insurance. Highlighting your adaptability and willingness to learn will make a great impression.
✨Show Your People Skills
Insurance is all about building relationships, whether it's with clients or colleagues. Prepare to share experiences where you’ve effectively communicated or worked as part of a team. Remember, your soft skills are just as important as your technical knowledge in this industry!
