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- Tasks: Support brokers, manage new business, and learn underwriting strategies.
- Company: Join a fast-growing MGA that prioritizes your development and growth.
- Benefits: Enjoy a salary up to £35,000 and hybrid working options.
- Why this job: Gain diverse experience across departments and build valuable industry relationships.
- Qualifications: 2 years of insurance experience preferred; MGA experience is a plus.
- Other info: Opportunity for further insurance qualifications and career advancement.
The predicted salary is between 28000 - 42000 £ per year.
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Assistant Underwriter
Central London – Hybrid Working (3 days in the office per week)
Salary – up to £35,000 DoE
The Opportunity:
We are excited to be working with a fast growing MGA who value development and growth.
They are looking for an Assistant Underwriter, operating across multiple departments and gaining exposure to different lines of business. This will give you a strong idea of where you may want to specialise in future. Your development is central to the organisation and they will work towards you getting authority and will support you in further Insurance Qualifications.
Responsibilities:
- Deliver outstanding support to brokers, ensuring they receive accurate and timely assistance.
- Gradually gain expertise in underwriting guidelines and strategies, applying them as you expand your authority within the role.
- Review financial statements, enter data, calculate important ratios, and evaluate the financial stability of clients.
- Manage the processing of new and renewal business in line with your authorised limits and company standards.
- Support underwriters in various tasks, helping streamline processes and ensuring documentation is accurate and complete.
- Build and nurture strong relationships with both current and prospective brokers to drive business growth.
- Continuously engage in learning related to underwriting, compliance, and procedures, ensuring you stay current with industry changes and standards.
- Meet individual Key Performance Indicators (KPIs) while contributing to team goals and overall success.
Person Specification:
- 2 years of Insurance Experience within Commercial Insurance
- MGA Experience preferred but not essential
Benefits:
- Salary up to £35,000 dependant on experience
- Support for Industry qualifications
- Hybrid working options
To Apply:
If you are an Assistant Underwriter or Insurance Professional keen to make your next step, apply here for immediate consideration.
Get Recruited is acting as an Employment Agency in relation to this vacancy. #J-18808-Ljbffr
Assistant Underwriter employer: Get Recruited
Contact Detail:
Get Recruited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Underwriter
✨Tip Number 1
Familiarize yourself with the specific underwriting guidelines and strategies relevant to the role. This will not only help you in interviews but also demonstrate your proactive approach to understanding the industry.
✨Tip Number 2
Network with professionals in the insurance sector, especially those working in MGA environments. Engaging with them can provide insights into the company culture and expectations, which can be beneficial during your application process.
✨Tip Number 3
Stay updated on the latest trends and changes in the insurance industry. Being knowledgeable about current events and developments can set you apart as a candidate who is genuinely interested in the field.
✨Tip Number 4
Prepare to discuss your previous experience in commercial insurance and how it relates to the responsibilities of an Assistant Underwriter. Highlighting relevant skills and experiences can make a strong impression during interviews.
We think you need these skills to ace Assistant Underwriter
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Assistant Underwriter position. Understand the responsibilities and requirements, especially the emphasis on supporting brokers and gaining expertise in underwriting guidelines.
Tailor Your CV: Customize your CV to highlight relevant experience in insurance, particularly any roles that involved commercial insurance or MGA experience. Emphasize skills that align with the responsibilities listed, such as data management and relationship building.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention your previous experience in insurance and how it has prepared you for this position. Highlight your willingness to learn and grow within the organization.
Highlight Your Qualifications: If you have any industry qualifications or are pursuing them, make sure to mention these in your application. This shows your commitment to professional development, which is a key aspect of the role.
How to prepare for a job interview at Get Recruited
✨Understand the Role
Make sure you have a clear understanding of the Assistant Underwriter position and its responsibilities. Familiarize yourself with underwriting guidelines and strategies, as well as the importance of building relationships with brokers.
✨Showcase Your Experience
Highlight your previous insurance experience, especially if you have worked in commercial insurance or with MGAs. Be prepared to discuss specific examples of how you've supported brokers or managed business processes.
✨Demonstrate Your Learning Mindset
Express your enthusiasm for continuous learning in the field of underwriting. Mention any relevant qualifications you are pursuing or plan to pursue, and how they align with the company's focus on development.
✨Prepare Questions
Have thoughtful questions ready to ask about the company culture, team dynamics, and opportunities for growth. This shows your genuine interest in the role and helps you assess if it's the right fit for you.
