At a Glance
- Tasks: Underwrite and price property insurance risks while collaborating with clients and teams.
- Company: Join a global reinsurance leader with a fun and supportive culture.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Empowerment to make decisions and excellent career growth opportunities.
- Why this job: Make impactful underwriting decisions and build strong client relationships.
- Qualifications: Experience in property insurance underwriting and strong analytical skills.
The predicted salary is between 60000 - 80000 £ per year.
We are looking for an energetic, forward-thinking team player with experience in property insurance/reinsurance underwriting. You will enjoy working in collaborative teams, have strong verbal and written communication and interpersonal skills, and will thrive in the environment of client interaction. You will also bring:
- Critical thinking to make informed underwriting decisions
- Organisation with strong attention to detail
- Ability to extract, analyse, and manipulate data effectively
- A high degree of energy and tenacity
- A mindset of continuous learning and improvement
Responsibilities:
- Underwrite and price individual risk and programme facultative reinsurance, with adherence to departmental underwriting philosophy, rules and guidelines, use of rating tools and pricing methodologies and documentation standards.
- Understand market pricing and market terms and conditions.
- Demonstrate a deep knowledge of contracts and policy forms, pricing structures, terms and conditions, and topical underwriting issues.
- Directly communicate/negotiate terms and conditions with clients.
- Client Account Management.
- Develop and maintain relationships with clients at the underwriting and management level.
- Understand treaty structures and facultative reinsurance buying patterns.
- Provide reinsurance solutions meeting clients' needs whilst not compromising technical pricing or exceeding capacity guidelines.
- Assume responsibility for assigned client relationships, including development and implementation of marketing plans.
- Actively seek new business opportunities within existing relationships and within the wider insurance market.
- Demonstrate awareness of broader industry issues and trends.
- As appropriate, seek out/provide a quality second head on facultative.
The role offers the opportunity to work within a highly experienced team with a large portfolio of clients. You will be empowered to make underwriting decisions with considerable underwriting authority.
Underwriter/Senior Underwriter in London employer: General Re Corporation
At General Re Corporation, we pride ourselves on being an excellent employer, offering a dynamic work environment in our London office where collaboration and innovation thrive. Our team-oriented culture fosters continuous learning and professional growth, providing employees with the autonomy to make impactful underwriting decisions while managing a diverse portfolio of clients. With competitive benefits and a commitment to employee well-being, we ensure that our staff not only excel in their roles but also enjoy a fulfilling work-life balance.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter/Senior Underwriter in London
✨Dive Into Industry Networking Events
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✨Use LinkedIn to Your Advantage
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✨Look Out for Graduate Schemes
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✨Leverage Your Current Connections
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We think you need these skills to ace Underwriter/Senior Underwriter 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 General Re Corporation.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at General Re Corporation. 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 General Re Corporation
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at General Re Corporation 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 General Re Corporation, 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 General Re Corporation'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.
