At a Glance
- Tasks: Underwrite diverse Property risks and manage submissions from quote to bind.
- Company: Join a leading Lloyd's Syndicate in the heart of London.
- Benefits: Competitive salary, career progression, and a dynamic work environment.
- Other info: Collaborative culture with opportunities for client interaction and travel.
- Why this job: Step up your career in underwriting with a focus on US business.
- Qualifications: Experience in Property D&F underwriting or as an Assistant Underwriter.
The predicted salary is between 60000 - 80000 € per year.
Exclusive Role: Underwriter - Property D&F
Lloyd's Syndicate City of London
I am currently partnered exclusively with a Lloyd's Syndicate who are seeking an Underwriter to join their Property D&F team. This role will be underpinning a variety of Property risks from multiple industries on a Direct and Facultative basis worldwide, with a particular focus on US business. My client is looking for someone with a solid Property D&F Underwriting background from a Syndicate environment. Open to an experienced Assistant Underwriter who wants to step up to Underwriter.
Key Responsibilities- Underwriting D&F Excess risks, with a particular focus on US business, in line with underwriting guidelines and within authority limits. This includes reviewing new and renewal submissions, completing rating models, producing initial pricing, negotiating with brokers, and managing submissions through the quote‑to‑bind process.
- Developing a comprehensive understanding of all pricing models used by the Excess team.
- Maintaining existing broker relationships and cultivating new ones.
- Progressing towards operating independently with minimal supervision, while adhering to corporate guidelines and contributing to a collaborative underwriting approach.
- Supporting the development of underwriting and portfolio strategy in partnership with management, including identifying and pursuing new business opportunities to build sustainable and profitable relationships with clients and brokers.
- Attending client and broker meetings as required.
- Conducting risk reviews, including rate monitoring and peer review.
- Undertaking travel as necessary for client meetings and marketing activities.
- Producing both ad hoc and scheduled reports.
- Preparing regulatory reports and ensuring ongoing compliance with regulatory standards.
- Liaising with the claims team to monitor loss trends.
Underwriter - Property D&F employer: HFG Insurance Recruitment
Join a leading Lloyd's Syndicate in the heart of the City of London, where you will thrive in a dynamic and collaborative work culture that values innovation and professional growth. As an Underwriter in the Property D&F team, you will benefit from extensive training opportunities, a supportive environment, and the chance to build lasting relationships with clients and brokers while working on diverse global risks. With a focus on US business, this role offers a unique opportunity to advance your career in a prestigious setting, making it an excellent choice for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter - Property D&F
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work with Lloyd's Syndicates. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your underwriting knowledge, especially around Property D&F risks. We recommend practising common interview questions and scenarios you might face in this role.
✨Tip Number 3
Showcase your broker relationship skills! Be ready to discuss how you've maintained and developed these relationships in past roles. This is key for the Underwriter position, so let your experience shine.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Underwriter - Property D&F
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriter role. Highlight your Property D&F experience and any relevant skills that match the job description. We want to see how your background fits with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about underwriting and how your experience aligns with our needs. Keep it concise but engaging – we love a good story!
Showcase Your Skills:Don’t forget to showcase your skills in underwriting, especially with US business. Mention any specific tools or models you’ve used, as well as your ability to negotiate and manage broker relationships. We’re keen on seeing your expertise!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss out on any important updates. Plus, it’s super easy!
How to prepare for a job interview at HFG Insurance Recruitment
✨Know Your Underwriting Stuff
Make sure you brush up on your Property D&F underwriting knowledge. Understand the key risks and pricing models used in the industry, especially those related to US business. Being able to discuss specific examples from your experience will show that you're not just familiar with the theory but can apply it in practice.
✨Build Broker Relationships
Since maintaining and cultivating broker relationships is crucial for this role, think about how you can demonstrate your relationship-building skills. Prepare examples of how you've successfully managed broker interactions in the past, and be ready to discuss your approach to developing new connections.
✨Show Your Collaborative Spirit
This role requires a collaborative approach, so be prepared to talk about times when you've worked effectively within a team. Highlight your ability to contribute to strategy development and how you've supported colleagues in achieving common goals. This will show that you can thrive in a team-oriented environment.
✨Prepare for Practical Scenarios
Expect to face practical scenarios during the interview, such as reviewing submissions or negotiating with brokers. Practice articulating your thought process and decision-making strategies in these situations. This will help you demonstrate your readiness to operate independently while adhering to corporate guidelines.
