At a Glance
- Tasks: Underwrite commercial insurance policies and assess risk factors daily.
- Company: Join a small, family-run insurance business with a supportive culture.
- Benefits: Enjoy a competitive salary and opportunities for professional growth.
- Why this job: Be part of a dynamic team where your ambition can shine and make an impact.
- Qualifications: 3+ years in underwriting with strong communication skills required.
- Other info: Ideal for those looking to advance their career in a collaborative environment.
The predicted salary is between 36000 - 54000 £ per year.
Salary up to £45,000
Based in Hemel Hempstead
I'm pleased to be working with a small, family run insurance business looking to add to their Commercial Underwriting team. If you are an Insurance Underwriter with experience with Commercial Combined policies apply today!
The Commercial Combined Underwriter role:
- Assess and underwrite commercial combined insurance policies, including property, liability, business interruption, and other relevant coverages.
- Analyse risk factors and evaluate potential clients' applications to determine the level of risk and appropriate coverage options.
- Conduct thorough research, including reviewing financial statements, loss history, and industry trends, to make informed underwriting decisions.
- Collaborate with brokers, agents, and other internal stakeholders to gather additional information and negotiate policy terms and conditions.
- Ensure compliance with underwriting guidelines, regulatory requirements, and company policies.
- Monitor and evaluate policy performance, making recommendations for adjustments or cancellations as needed.
- Stay updated on industry trends, market conditions, and emerging risks to proactively adjust underwriting strategies.
A bit about you:
- At least 3 years' experience underwriting or for a commercial combined Insurance product.
- Proven track record of working to and achieving individual targets.
- Proficient in MS Office and with aptitude to use other MS Windows-based software.
- Communication skills - able to communicate to people with various levels of knowledge, over the telephone and in writing.
- Ensure you work within the binding authorities issued to us by insurers.
- But the most important thing is that you are ambitious, you want to grow with us and you come in to work with a can-do attitude.
If you are a Commercial Underwriter, Account Handler or Insurance Broker who's looking for their next step, send over your CV today; we are currently shortlisting for interview.
Commercial Underwriter employer: Get Recruited Ltd
Contact Detail:
Get Recruited Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Underwriter
✨Tip Number 1
Familiarise yourself with the specific types of commercial combined policies that the company offers. Understanding the nuances of property, liability, and business interruption coverages will help you stand out during discussions.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who work in underwriting. Engaging with brokers and agents can provide valuable insights and may even lead to referrals for the position.
✨Tip Number 3
Stay updated on current market trends and emerging risks in the insurance sector. Being knowledgeable about these topics will demonstrate your commitment to the role and your ability to make informed underwriting decisions.
✨Tip Number 4
Prepare to discuss your previous experience with achieving individual targets. Be ready to share specific examples of how you've successfully assessed risk and negotiated policy terms in past roles.
We think you need these skills to ace Commercial Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in underwriting, particularly with commercial combined policies. Use specific examples to demonstrate your skills in assessing risk and making informed decisions.
Craft a Compelling Cover Letter: Write a cover letter that showcases your ambition and can-do attitude. Mention your relevant experience and how it aligns with the company's needs. Be sure to express your enthusiasm for the role and the opportunity to grow with the company.
Highlight Relevant Skills: In your application, emphasise your proficiency in MS Office and any other software you are familiar with. Also, mention your communication skills and ability to work collaboratively with brokers and internal stakeholders.
Showcase Industry Knowledge: Demonstrate your understanding of industry trends and emerging risks in your application. This will show that you are proactive and knowledgeable, which is crucial for a Commercial Underwriter role.
How to prepare for a job interview at Get Recruited Ltd
✨Know Your Policies Inside Out
Make sure you have a solid understanding of commercial combined insurance policies. Be prepared to discuss specific coverages like property, liability, and business interruption, as well as how you assess risk factors.
✨Showcase Your Analytical Skills
During the interview, highlight your experience in analysing financial statements and loss history. Provide examples of how you've made informed underwriting decisions based on thorough research.
✨Demonstrate Strong Communication Abilities
Since you'll be collaborating with brokers and internal stakeholders, it's crucial to showcase your communication skills. Practice explaining complex concepts clearly and concisely, both verbally and in writing.
✨Exhibit Your Ambition and Can-Do Attitude
The company values ambition and a positive mindset. Be ready to discuss your career goals and how you plan to grow within the role. Share examples of how you've approached challenges with a proactive attitude.