At a Glance
- Tasks: Underwrite Financial Lines business and develop market capabilities while collaborating with brokers.
- Company: Join HDI, a global insurer with over 120 years of experience and a diverse workforce.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Dynamic environment with opportunities to mentor junior team members and enhance your career.
- Why this job: Make an impact in the insurance industry while working with trusted partners and innovative projects.
- Qualifications: Experience in underwriting Financial Lines and strong team collaboration skills.
The predicted salary is between 48000 - 72000 £ per year.
About us: HDI is a Corporate & Specialty Insurer part of the Talanx Group. With over 120 years of experience, HDI operates across five continents, around 40 countries and employs over 5,000 people worldwide.
The role: To underwrite Financial Lines business and develop lead market capabilities in accordance with underwriting guidelines and business plan. To externally promote HDI to broking houses, creating a network of supporting brokers providing client opportunities within appetite and also respond and develop new opportunities as they are presented. To consider opportunities to innovate with trusted broker partners and when identified build the business case for sponsorship. To develop the branch capabilities to write profitable Financial Lines business.
Key accountabilities:
- Work collaboratively on developing and maintain pricing tools for the FI lines of business
- Underwrite within guidelines and strategy to execute the development of a balanced portfolio
- Monitor and report back on the balance of the portfolio and any deviation from plan
- Maintain and interpret management information, provide suggestions on any strategic changes and identification of trends that may affect adversely or positively the account
- Assist Head of Financial Lines with strategy, planning and forecasting for the Financial Institutions portfolio
- Promote HDI externally to enhance brand reputation and become a recognised lead market in this sector
- Develop a trusted broker network to provide business opportunities, establish HDI as a viable primary lead and excess alternative market for FI business and promote HDI externally to clients
- Internally create a network that can support the FI mandate and business plan, working with legal, compliance, actuarial and claims to provide the necessary support for these product lines
- Identify and enhance the quality and value of processes for your area of work
- End to end project management for functional projects and contribute to any Branch wide projects
- Establish themselves as the product specialist for FI, mentor and train more junior or non-product specific underwriters about the coverage, risk selection and market
- Identify skills gaps and training requirements of the team
- Design, implement and maintain process controls to ensure the quality of the output for your area within the function
- Ensure documentation of the processes and output is accurate, up-to-date and accessible
- Adhere to all Local and Group guidelines
- Support all other functional activities as required
Skills & experience:
- Well established market underwriter with a detailed understanding of the product and market within Financial Lines
- Understanding of the inputs required to create technical pricing and able to contribute to the development and refinement of underwriting tools
- Established connections within the Financial Lines market to access the desired business partners and the identified client base
- Experience in writing to a balanced portfolio and deep understanding of line size management and risk selection
- Strong team ethic and self-motivating character
- Desire to aid the development of more junior members of the team and demonstrate best practice
- Calm and considered judgement even during peak trading periods
We are also open to considering candidates for an Underwriter level position.
Other: As an equal opportunities employer, we are committed to creating an inclusive environment for all employees, recognising that a diverse and inclusive workplace is a creative and prosperous one. If you require support with your application, please contact UK&IRE_Recruitment@hdi.global
Senior Underwriter - Financial Lines in London employer: HDI Global SE
HDI is an exceptional employer, offering a dynamic work environment where finance professionals can thrive. With a strong commitment to employee development and a culture that values collaboration and innovation, you will have the opportunity to partner with senior stakeholders and drive meaningful change within the organisation. Located in the UK, HDI provides a unique chance to engage with diverse markets while enjoying the benefits of a supportive and inclusive workplace.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter - Financial Lines in London
✨Dive Into Industry Networking Events
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We think you need these skills to ace Senior Underwriter - Financial Lines 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 HDI Global SE.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at HDI Global SE. 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 HDI Global SE
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at HDI Global SE 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 HDI Global SE, 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 HDI Global SE'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.
