Property Underwriter, US Direct & Facultative
Property Underwriter, US Direct & Facultative

Property Underwriter, US Direct & Facultative

London Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Underwrite US Property business, set terms, and manage client relationships.
  • Company: Convex Insurance offers innovative property insurance solutions across North America.
  • Benefits: Enjoy a competitive salary, 30 days annual leave, and unique perks like birthday leave.
  • Why this job: Join a tech-driven team focused on collaboration and long-term client relationships.
  • Qualifications: Experience in underwriting or brokering US Property; strong analytical skills required.
  • Other info: Mid-senior level role with opportunities for professional growth and international representation.

The predicted salary is between 36000 - 60000 £ per year.

Join to apply for the US D&F Property Underwriter role at Convex Insurance. Convex Insurance provides Property Insurance on a direct and facultative basis in North America, covering physical damage and Business Interruption. Our clients range from small businesses to Fortune 500 companies, insured across diverse business sectors. We focus on building long-term relationships based on capacity, stability, transparency, and excellent claims service.

Convex adopts a data and technology-driven approach to underwriting, enabling more stakeholder interaction and rapid decision-making. The role involves underwriting US Open Market (D&F) Property business, setting terms, developing the property portfolio, and managing stakeholder relationships.

Key Responsibilities
  • Underwrite US D&F Property business within delegated authority.
  • Set terms and lead business negotiations with claims and legal support.
  • Assist in developing the property portfolio and strategy.
  • Manage relationships with clients, brokers, and internal teams.
  • Build and maintain networks for new business opportunities.
  • Report on market intelligence and sector developments.
  • Collaborate across teams to meet shared goals.
  • Ensure compliance with legal and regulatory standards.
Skills, Knowledge, and Expertise
  • Experience in London market underwriting, particularly US Property or related classes.
  • Alternative experience as a broker, assistant underwriter, or actuary in US Direct & Facultative.
  • Professional qualifications like ACII or FIA are advantageous.
  • Strong numerical, analytical, and data-driven skills.
  • Collaborative, proactive, and relationship-building abilities.
  • Ability to represent Convex at international events.
  • Autonomous decision-making skills and adaptability.
  • Comfort with technology and ability to explain complex concepts clearly.
Benefits
  • Competitive salary and 30 days' annual leave.
  • Additional benefits including birthday leave, pension, health insurance, income protection, life assurance, parental leave, health checks, volunteer leave, and wellbeing allowances.
  • Support for learning and wellbeing, including cycle-to-work schemes and season ticket loans.
Additional Details
  • Seniority level: Mid-Senior level
  • Employment type: Full-time
  • Job function: Finance and Sales
  • Industry: Insurance

Property Underwriter, US Direct & Facultative employer: Convex Insurance

Convex Insurance is an exceptional employer that prioritises a collaborative and innovative work culture, offering a competitive salary alongside generous benefits such as 30 days of annual leave, birthday leave, and comprehensive health insurance. Located in London, employees have access to extensive learning and wellbeing support, fostering professional growth and development while engaging with a diverse range of clients from small businesses to Fortune 500 companies.
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Contact Detail:

Convex Insurance Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Property Underwriter, US Direct & Facultative

✨Tip Number 1

Familiarise yourself with the latest trends in the US Property insurance market. Understanding current market dynamics and emerging risks will help you engage in meaningful conversations during interviews and demonstrate your expertise.

✨Tip Number 2

Network with professionals in the underwriting and insurance sectors, especially those with experience in US Direct & Facultative. Attend industry events or webinars to build connections that could lead to referrals or insider information about the role.

✨Tip Number 3

Brush up on your analytical and data-driven skills, as these are crucial for the role. Consider taking online courses or workshops that focus on data analysis in underwriting to enhance your capabilities and make you a more attractive candidate.

✨Tip Number 4

Prepare to discuss your experience with stakeholder management and relationship building. Think of specific examples where you've successfully navigated complex negotiations or built long-term partnerships, as these skills are vital for the position.

We think you need these skills to ace Property Underwriter, US Direct & Facultative

Underwriting Expertise in US Property
Knowledge of London Market Underwriting
Negotiation Skills
Portfolio Development
Stakeholder Relationship Management
Market Intelligence Reporting
Collaboration and Teamwork
Compliance Knowledge
Numerical and Analytical Skills
Data-Driven Decision Making
Professional Qualifications (ACII or FIA)
Proactive Relationship-Building
Autonomous Decision-Making
Technological Proficiency
Clear Communication of Complex Concepts

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in underwriting, particularly in the US Property market. Emphasise any roles where you've set terms or managed stakeholder relationships, as these are key responsibilities for the position.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role at Convex Insurance. Mention specific skills that align with their requirements, such as your analytical abilities and experience with data-driven decision-making.

Showcase Relevant Qualifications: If you have professional qualifications like ACII or FIA, make sure to highlight these in your application. They are advantageous for this role and demonstrate your commitment to the industry.

Demonstrate Relationship-Building Skills: In your application, provide examples of how you've successfully built and maintained relationships in previous roles. This is crucial for managing client and broker relationships effectively at Convex.

How to prepare for a job interview at Convex Insurance

✨Understand the Role and Responsibilities

Before the interview, make sure you thoroughly understand the key responsibilities of a Property Underwriter at Convex Insurance. Familiarise yourself with underwriting processes, terms setting, and stakeholder management to demonstrate your knowledge during the discussion.

✨Showcase Your Analytical Skills

Given the data-driven approach of Convex, be prepared to discuss your numerical and analytical skills. Bring examples of how you've used data in previous roles to make informed decisions or improve processes, as this will highlight your fit for the role.

✨Prepare for Relationship Management Questions

Since managing relationships is crucial in this role, think of specific instances where you've successfully built or maintained professional relationships. Be ready to explain your approach to collaboration and how you handle conflicts or challenges with clients and brokers.

✨Demonstrate Your Adaptability and Tech Savviness

Convex values adaptability and comfort with technology. Prepare to discuss how you've adapted to changes in your work environment or utilised technology to enhance your performance. This will show that you can thrive in their dynamic setting.

Property Underwriter, US Direct & Facultative
Convex Insurance
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