At a Glance
- Tasks: Source and manage diverse MGA partnerships across the UK and Europe.
- Company: Join Fortegra Europe, a leader in specialty underwriting.
- Benefits: Competitive salary, dynamic team environment, and career growth opportunities.
- Other info: London-based role with a focus on collaboration and innovation.
- Why this job: Make an impact in a fast-paced role with strong industry connections.
- Qualifications: 5+ years of underwriting experience and a relevant degree.
The predicted salary is between 60000 - 80000 £ per year.
To source, underwrite and portfolio manage a diverse range of MGA partnerships across UK and Europe in line with Company underwriting targets, strategy and appetite. The role sits within the Specialty division of Fortegra Europe and will report to the Chief Underwriting Officer. The candidate will be joining an experienced and motivated team working across all lines of business. They must be able to build strong working relationships with MGA partners and brokers. This is a London based role.
Key Accountabilities
- Manage the assigned business portfolio in line with underwriting and financial targets;
- Meet and negotiate with clients and brokers to build relationships and to develop new and renewal MGA programme business;
- Analyse, evaluate and make underwriting decisions in line with underwriting guidelines and recommendations, coordinating with other team members;
- Review and analyse new MGA program applications for risk exposure and compliance with underwriting guidelines;
- Review technical, policy and contract wordings;
- Review, evaluate and report on loss activity across the assigned portfolio of business;
- Review and manage MI across the assigned portfolio of business;
- Production of regular underwriting reports;
- Responsible for underwriting document filings, accuracy of data entries to systems and contract integrity for accounts underwritten;
- Adhere to appropriate internal underwriting procedures and criteria to control risk;
- Adhere to internal governance and compliance procedures to control risk.
Skills And Competencies
- Strong underwriting knowledge and experience across a broad range of products and business lines;
- UK and / or European underwriting experience essential;
- Experience of delegated authority market is essential;
- Competent use of Microsoft applications;
- Strong analytic skills and numerical aptitude is essential;
- Confident in personal ability and willing to develop personal and business skill set;
- Excellent verbal and written communication skills, together with the ability to work well in a dynamic team environment;
- Trustworthy, loyal and honest with high integrity;
- Team player with the ability to work with, collaborate with and take direction from other people;
- Results driven and takes responsibility for own actions;
- Strong organisation skills and the ability to multi-task;
- Ability to meet deadlines without compromising consistency in the process;
- Attention to detail;
- Experience dealing and handling sensitive information.
Key Deliverables
- Support the delivery of a balanced and profitable underwriting portfolio across UK & Europe;
- Work collaboratively as part of a highly motivated team, developing and maintaining regular and strong communication with other members of the team;
- Evidence strong working relationships with MGA partners and brokers across their assigned portfolio of business;
- Demonstrate ongoing oversight of MGA partners and brokers to ensure adherence to contract terms and regulatory and compliance requirements.
Qualifications And Experience
- Relevant technical qualification;
- Educated to degree level or equivalent, Masters Degree preferable;
- A minimum of 5 years' underwriting MGA/Delegated experience in the UK or European market.
Senior Underwriter Specialty Programmes - MGA/Delegated Authority in London employer: Fortegra
Fortegra Europe is an exceptional employer, offering a dynamic work environment in the heart of London where collaboration and innovation thrive. With a strong focus on employee development, we provide ample opportunities for growth within our experienced team, ensuring that you can enhance your underwriting skills while building meaningful relationships with MGA partners and brokers across the UK and Europe. Our commitment to a supportive culture and adherence to high integrity standards makes Fortegra a rewarding place to advance your career in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter Specialty Programmes - MGA/Delegated Authority in London
✨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 Fortegra). 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 Fortegra. 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 Senior Underwriter Specialty Programmes - MGA/Delegated Authority in London
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 Fortegra.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Fortegra. 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 Fortegra
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Fortegra 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 Fortegra, 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 Fortegra'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.
