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For Companies At a Glance
- Tasks: Underwrite complex property risks and manage reinsurance activities in a dynamic team.
- Company: Leading Lloyd's Syndicate based in the heart of London.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Why this job: Join a growing team and make an impact in international property underwriting.
- Qualifications: 4+ years of property underwriting experience, preferably in Facultative.
- Other info: Opportunity for continuous learning and career advancement in a vibrant industry.
The predicted salary is between 36000 - 60000 £ per year.
New Vacancy - Underwriter (Property Facultative) at Lloyd's Syndicate in City of London.
I am currently recruiting for a leading Lloyd's Syndicate seeking a Property Facultative Underwriter to join their growing team. My client is looking for someone with 4+ years of experience underwriting Property business, primarily from a Facultative perspective. The role will focus on international business and writing on an XOL basis, but candidates with experience in primary insurance are also encouraged to apply. This position will be part of a team of 6, managing a heavy fire severe book.
Key Responsibilities:
- Assist in creating and implementing the business plan for the portfolio.
- Support the execution of the business plan, making informed decisions as needed.
- Participate in meetings to exchange ideas, strategies, and best practices.
- Promote the department, division, and company to enhance brand visibility.
- Implement reinsurance strategies to protect the portfolio.
- Manage complex reinsurance activities in compliance with legal and regulatory standards.
- Adhere to underwriting standards, guidelines, and best practices to minimize risk and improve efficiency.
- Accurately record and assess insurance risks, including Delegated Underwriting Authorities (DUAs), and develop or adjust policy wordings as necessary.
- Apply reinsurance requirements to mitigate risk and meet business objectives.
- Enhance technical knowledge through continuous learning and development.
- Underwrite complex reinsurance risks in line with the business plan and delegated authority, negotiating rates, terms, and conditions, and ensuring compliance with regulations.
- Assist with credit control and payment collections.
- Review and analyze the portfolio regularly to assess progress toward business goals, including audits and account performance.
- Ensure thorough risk assessment through peer reviews and compliance with underwriting standards and authorities.
Underwriter - Property Facultative in City of London employer: HFG
Contact Detail:
HFG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Property Facultative in City of London
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or attend local events. We all know that sometimes it’s not just what you know, but who you know that can land you that Underwriter role.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge. Make sure you can discuss underwriting standards and reinsurance strategies confidently. We want you to shine when they ask about your experience with complex risks!
✨Tip Number 3
Showcase your passion for the industry! During interviews, share your insights on market trends and how you can contribute to the team’s success. We love candidates who are proactive and eager to enhance brand visibility.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always looking for talented individuals like you to join our growing team in the City of London.
We think you need these skills to ace Underwriter - Property Facultative in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriter role. Highlight your 4+ years of experience in underwriting Property business, especially from a Facultative perspective. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our team. Mention your experience with international business and any relevant reinsurance strategies you've implemented.
Showcase Your Technical Knowledge: We love candidates who are keen on continuous learning! In your application, mention any recent courses or certifications that enhance your technical knowledge in underwriting and risk assessment.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. We can’t wait to hear from you!
How to prepare for a job interview at HFG
✨Know Your Underwriting Stuff
Make sure you brush up on your knowledge of property underwriting, especially from a facultative perspective. Be ready to discuss your past experiences and how they relate to the role, particularly in managing complex reinsurance activities.
✨Showcase Your Business Acumen
Since this role involves creating and implementing business plans, think about how you can demonstrate your understanding of business strategy. Prepare examples of how you've supported or executed business plans in previous roles, especially in relation to international business.
✨Be Ready for Technical Questions
Expect questions that dive deep into underwriting standards and compliance. Brush up on legal and regulatory standards relevant to the role, and be prepared to discuss how you've adhered to these in your previous positions.
✨Engage and Collaborate
This position is part of a team, so be ready to talk about your collaborative experiences. Think of examples where you've exchanged ideas or strategies with colleagues, and how that contributed to achieving business goals.
