New Business Underwriter

New Business Underwriter

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

  • Tasks: Underwrite and price New Business while building strong Broker relationships.
  • Company: Join a dynamic company with strong Broker ties, driving financial success.
  • Benefits: Enjoy hybrid working, bonuses, private health cover, and a company pension.
  • Why this job: Be part of an innovative team that values exceptional customer service and collaboration.
  • Qualifications: Strong experience as a Commercial Underwriter with excellent communication skills required.
  • Other info: Opportunity to work closely with Brokers, even in their offices.

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

Job Overview

This is a brand new Commercial Underwriter opportunity for you to manage and develop the book of New Business and Broker relationships within our Client\’s rapidly growing E-Trade proposition, who focus on service, trading and e-trade product excellence. Their appetite, pricing and quality of products means that Brokers are keen to do business with you. As part of a small and growing team you\’ll have significant numbers of Broker requests for you to decide on and action, in a successful and fast paced environment. Also you\’ll help evolve their Acturis products and processes because of your market knowledge and Broker interaction.

Responsibilities

  • Reviewing and underwriting of quotations across all products within underwriting appetite
  • Regular communication with the Business Development Managers to maintain Broker relationships
  • Working collaboratively to help evolve the Acturis products and processes
  • Work closely and effectively with the Team to ensure that all work is completed within SLA\’s and to maintain Broker relationships by offering a high level of customer service
  • Operate in accordance within the Underwriting License and refer to senior colleagues for a collaborative approach

Qualifications

  • Commercial Underwriting experience
  • Drive and determination to succeed
  • Great interpersonal skills and good at building relationships
  • Desire to improve and willing to contribute suggestions to enhance the business
  • Strong problem solving skills

Benefits

Also you\’ll benefit from generous Private Health Care and Pension

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New Business Underwriter employer: Employment Specialists Ltd

Join a dynamic and innovative team as a New Business Underwriter, where you'll thrive in a supportive work culture that prioritises strong Broker relationships and exceptional customer service. With opportunities for professional growth, a competitive benefits package including private health cover and hybrid working options, this role offers a rewarding environment for those looking to make a meaningful impact in the commercial underwriting space.
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Contact Detail:

Employment Specialists Ltd Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land New Business Underwriter

✨Tip Number 1

Familiarise yourself with the key players in the insurance market, especially those who are known for strong Broker relationships. Understanding their business models and how they operate can give you an edge in discussions and help you build rapport.

✨Tip Number 2

Brush up on your negotiation skills. As a New Business Underwriter, you'll need to negotiate attractive deals with Brokers. Practising these skills in mock scenarios can prepare you for real-life situations.

✨Tip Number 3

Network within the industry by attending relevant events or joining professional groups. This will not only enhance your knowledge but also help you establish connections that could be beneficial when applying for the role.

✨Tip Number 4

Stay updated on the latest trends and regulations in commercial underwriting. Being knowledgeable about current issues will demonstrate your commitment to the field and your ability to provide exceptional customer service.

We think you need these skills to ace New Business Underwriter

Commercial Underwriting Expertise
Risk Assessment
Broker Relationship Management
Negotiation Skills
Interpersonal Skills
Customer Service Excellence
Analytical Skills
Attention to Detail
Pricing Strategy
Communication Skills
Problem-Solving Skills
Proactive Approach
Technical Knowledge of Underwriting Procedures
Adaptability in a Dynamic Environment

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your experience as a Commercial Underwriter. Focus on your successful Broker relationships and any relevant achievements that demonstrate your ability to underwrite and price New Business effectively.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific examples of how you've built strong working relationships with Brokers and delivered exceptional customer service in previous positions.

Highlight Relevant Skills: Emphasise your interpersonal, communication, and negotiation skills in both your CV and cover letter. These are crucial for the New Business Underwriter role, so provide concrete examples of how you've used these skills successfully.

Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail, which is essential in underwriting.

How to prepare for a job interview at Employment Specialists Ltd

✨Know Your Underwriting Basics

Brush up on your underwriting principles and practices. Be prepared to discuss how you assess risks and price new business accurately, as this will be a key focus of the role.

✨Showcase Your Broker Relationship Skills

Highlight your experience in building and maintaining strong relationships with brokers. Share specific examples of how you've successfully collaborated with them to achieve mutual goals.

✨Demonstrate Your Customer Service Mindset

Prepare to discuss how you deliver exceptional customer service. Think of instances where you went above and beyond for clients or brokers, as this will resonate well with the interviewers.

✨Ask Insightful Questions

Come prepared with questions that show your interest in the company and the role. Inquire about their approach to risk assessment or how they maintain strong broker relationships, which will demonstrate your proactive attitude.

New Business Underwriter
Employment Specialists Ltd
Location: Chelmsford
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