At a Glance
- Tasks: Evaluate risks and exposures for new business and renewals in home insurance.
- Company: Join Plum Underwriting, a growing team with a focus on development.
- Benefits: Negotiable salary, bonuses, pension, holidays, and full funding for qualifications.
- Other info: Diverse team culture with opportunities for personal and professional growth.
- Why this job: Make an impact by providing excellent service and driving business success.
- Qualifications: Experience in underwriting and strong communication, sales, and analytical skills.
The predicted salary is between 40000 - 50000 £ per year.
We’re strengthening our team at Plum Underwriting and looking for a Trading Underwriter to join the team as we continue to grow. The role of the Trading Underwriter is to evaluate the risk and exposures of customers for new business, mid‑term adjustments and renewals.
Key Responsibilities:
- Quoting, converting and retaining business to meet budget and underwriting performance targets for the range of specialist home insurance products throughout all Plum’s distribution channels.
- Ensuring Plum provides excellent service to its brokers at all times.
- Underwriting in accordance with the Plum Internal Underwriting Guide and the Underwriting authority awarded.
- Maximising conversion and retention within your authority.
- Monthly reporting to Line Manager.
- Taking underwriting referrals from other offices where outside individuals level of authority.
- Understanding/supporting and driving income, conversion and retention objectives.
- Assisting in the development of new & existing products.
- Dealing with incoming enquiries from clients, insurers and other third parties in a professional and timely manner.
- Underwriting while taking all necessary care to protect the interest of our capacity providers.
What’s on offer:
- A negotiable basic salary + bonus and all the normal benefits (Pension, Holidays etc.).
- A management team that is passionate about looking after their team and developing them.
- Full funding for relevant professional qualifications and ongoing personal development.
Your experience:
- Ideally, you’ll have experience of successfully underwriting a mixed household / Commercial Property portfolio.
- A varied skill set that includes strong communication (both written and verbal), sales, negotiation, analytical and IT skills.
- Previous experience within an MGA business would be highly beneficial.
We are an Equal Opportunity Employer. We take pride in the diversity of our team and seek diversity in our applicants.
Trading Underwriter in Basildon employer: Dormont Manufacturing Co
At Plum Underwriting, we pride ourselves on being an exceptional employer, offering a supportive work culture that prioritises employee development and well-being. Located in Basildon, our team enjoys a competitive salary, bonus opportunities, and full funding for professional qualifications, all while working collaboratively to deliver outstanding service to our brokers. Join us to be part of a dynamic environment where your contributions are valued and your career can flourish.
StudySmarter Expert Advice🤫
We think this is how you could land Trading Underwriter in Basildon
✨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.
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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 Dormont Manufacturing Co. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
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 Dormont Manufacturing Co.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Dormont Manufacturing Co. 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 Dormont Manufacturing Co
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Dormont Manufacturing Co 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 Dormont Manufacturing Co, 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 Dormont Manufacturing Co'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.
