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For Companies At a Glance
- Tasks: As a Senior Underwriter, you'll trade, underwrite, and build relationships with brokers.
- Company: Join a global General Insurance firm based in the vibrant City of London.
- Benefits: Enjoy a competitive salary, bonuses, and a hybrid working model.
- Why this job: This role offers impactful work, strong relationships, and a chance to shape the insurance landscape.
- Qualifications: 7+ years in commercial underwriting; degree and Cert CII preferred.
- Other info: Be part of a dynamic team focused on profitability and customer satisfaction.
The predicted salary is between 48000 - 72000 £ per year.
Our client is a global General Insurance firm in the City of London. They seek to recruit an experienced Senior Underwriter.
Key Responsibilities
- As a Senior Underwriter, you will be responsible for trading, underwriting and service activities, with the objective of offering consistent quality service to customers, delivering satisfactory and profitable results for the company, and developing good business relationships with our broker panel.
- Develop good business relationships with new and existing brokers.
- Contribute to the financial and underwriting performance of the Company and overall profitability of the business.
- Underwrite existing cases and contribute to loss ratio control by adhering to the Company’s underwriting controls.
- Identify reasons for lack of retention and poor conversion to take actions to increase retention and implement actions agreed with brokers to improve account performance.
- Manage and recruit brokers and cover-holders in the area and build effective trading relationships with brokers through trading activities.
- Monitor agency performance and compliance and produce monthly brokers performance results.
- Set up and review existing arrangements and underwriting guides to ensure brokers deliver desired performance.
- Provide quotes, issue documents, respond to inquiries and offer underwriting referral support to the binding brokers.
The Requirements
- Over 7 years commercial underwriting experience, especially in home, office, SME, and liability insurances.
- Degree level education is desirable and Certificate in Insurance (Cert CII).
- Good understanding and knowledge of the insurance industry.
- Knowledge and experience of underwriting insurance risks.
Our client offers a competitive salary, bonus and other benefits. They also offer a hybrid working model for this role.
Senior Underwriter in City of London employer: Davenport Oxley Ltd
Contact Detail:
Davenport Oxley Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter in City of London
✨Tip Number 1
Network with professionals in the insurance industry, especially those who work as underwriters or brokers. Attend industry events and join relevant online forums to build connections that could lead to job opportunities.
✨Tip Number 2
Research the specific insurance products and services offered by our client. Understanding their unique offerings will help you tailor your conversations and demonstrate your knowledge during interviews.
✨Tip Number 3
Prepare to discuss your previous underwriting experiences in detail, focusing on how you've contributed to profitability and loss ratio control. Be ready to share specific examples of successful broker relationships you've developed.
✨Tip Number 4
Familiarise yourself with the latest trends and challenges in the insurance industry, particularly in commercial underwriting. This knowledge will not only impress during interviews but also show your commitment to staying informed in your field.
We think you need these skills to ace Senior Underwriter in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in commercial underwriting, particularly in home, office, SME, and liability insurances. Use specific examples to demonstrate your skills and achievements in these areas.
Craft a Compelling Cover Letter: Write a cover letter that addresses the key responsibilities of the Senior Underwriter role. Emphasise your ability to develop business relationships with brokers and your experience in managing underwriting performance.
Highlight Relevant Qualifications: Mention your degree and any relevant certifications, such as the Certificate in Insurance (Cert CII). This will show that you have the necessary educational background and professional qualifications for the role.
Showcase Industry Knowledge: Demonstrate your understanding of the insurance industry in your application. Discuss current trends or challenges in underwriting and how your experience can contribute to the company's success.
How to prepare for a job interview at Davenport Oxley Ltd
✨Showcase Your Underwriting Expertise
Make sure to highlight your extensive experience in commercial underwriting, especially in home, office, SME, and liability insurances. Be prepared to discuss specific cases where you successfully managed risks and contributed to profitability.
✨Demonstrate Relationship-Building Skills
Since the role involves developing good business relationships with brokers, come ready with examples of how you've built and maintained strong partnerships in previous roles. This will show your ability to contribute positively to the company's broker panel.
✨Understand the Company's Performance Metrics
Familiarise yourself with key performance indicators relevant to underwriting and agency performance. Being able to discuss how you can help improve retention rates and conversion metrics will demonstrate your proactive approach to the role.
✨Prepare for Technical Questions
Expect technical questions related to underwriting controls and loss ratio management. Brush up on your knowledge of underwriting guidelines and be ready to explain how you would apply them in real-world scenarios.
