At a Glance
- Tasks: Join a dynamic team to underwrite international warranty and indemnity risks.
- Company: Expanding global managing general agent in the insurance sector.
- Benefits: Flexible hours, hybrid working, and a career path tailored to you.
- Other info: Supportive environment with opportunities for personal and professional growth.
- Why this job: Make an impact in a growing field while developing your professional skills.
- Qualifications: Qualified corporate solicitor or W&I underwriting experience required.
The predicted salary is between 50000 - 60000 £ per year.
A fantastic opportunity to join an expanding warranty & indemnity insurance underwriting team.
Full-time, based in London. Suitable for candidates with a corporate legal background and looking to move into the insurance sector, or with previous W&I underwriting experience. A clear route for progression to a more senior underwriter role for the right individual.
We are looking for an Underwriter to join an expanding warranty and indemnity insurance (W&I) underwriting team. The W&I team is part of a new global Transactional Risk (TR) team at an established and specialist global managing general agent (MGA). This role would suit a collaborative and commercially minded corporate solicitor looking to join the insurance market as well as those with current W&I experience.
Role responsibilities:
- Working alongside senior underwriters to underwrite international W&I risks (including the review and analysis of transaction documents such as share purchase agreements, disclosure letters, etc. and due diligence reports).
- Drafting and negotiating W&I policies to ensure the policy and coverage position is appropriate and within the team’s underwriting appetite and guidelines.
- Building and maintaining positive relationships within the market, in particular with W&I brokers and M&A lawyers, with the view to identifying and winning new opportunities.
- Supervising junior members of the W&I team in both preparing non-binding indications for new risks and supporting them more generally in their own development.
- Supporting the development of the expanding global TR team and encouraging cross-selling and knowledge sharing across all TR product lines.
Key requirements:
- Qualified corporate solicitor with at least 2 years post-qualification experience or insurance professionals with existing W&I underwriting experience.
- Experience in drafting, managing and/or underwriting due diligence reports for M&A transactions.
- Experience of working with W&I insurance.
- Detail-oriented and proactive team player.
- Strong interpersonal skills and an ability and desire to build and develop relationships with key W&I broker partners.
Benefits:
We offer a career that you define and value diversity, supporting you with reasonable adjustments to accommodate your needs.
Reasonable adjustments:
We provide reasonable accommodations, flexible hours, and hybrid working arrangements where possible.
Underwriter employer: DCR
Join a dynamic and expanding warranty and indemnity insurance underwriting team in London, where your corporate legal expertise can flourish in the insurance sector. We pride ourselves on a collaborative work culture that values diversity and offers flexible working arrangements, ensuring you can balance your professional and personal life. With clear pathways for career progression and opportunities to mentor junior team members, this role is perfect for those seeking meaningful growth in a supportive environment.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like DCR). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like DCR. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at DCR.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at DCR. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at DCR
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at DCR to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at DCR, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding DCR's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
