At a Glance
- Tasks: Manage and grow broker relationships while underwriting new business opportunities.
- Company: Dynamic MGA in the insurance sector with a focus on collaboration.
- Benefits: Flexible home-based role with competitive salary and growth potential.
- Other info: Opportunity for professional development and to make a real impact.
- Why this job: Join a team that values innovation and relationship-building in the insurance market.
- Qualifications: Strong communication skills and experience in the insurance broker market.
The predicted salary is between 36000 - 60000 £ per year.
NEW ROLE: (Senior) Development Underwriter Scotland Region MGA
Job Purpose
To manage and grow a portfolio of new business and broker relationships, with a strong focus on identifying opportunities and driving profitable trading activity.
Main Duties & Responsibilities
- Work collaboratively with key regional brokers to build and maintain strong, positive relationships that drive increased new business flow.
- Review, assess, and underwrite new business quotations across all products within the company's underwriting appetite, responding to queries in line with agreed SLAs.
- Conduct broker visits and underwriting surgeries at broker offices to raise brand awareness and develop key contacts.
- Act as the primary escalation point for designated key brokers.
- Build and maintain effective working relationships with the Technical Underwriting Team and other key internal stakeholders.
- Communicate regularly with Business Development Managers and Regional Directors to support broker relationship management and strategic planning.
- Play a key role within the region by setting high standards and promoting a positive, collaborative culture.
- Work closely with the Regional Director to foster a team environment with a clear vision for regional growth while upholding core values.
- Act as a referral point for underwriters across the wider team.
- Collaborate closely with the underwriting team to ensure all work is completed within SLAs, delivering a high standard of customer service and maintaining strong broker relationships.
- Take a lead role in hospitality initiatives, enhancing the reputation of both the region and company overall.
- Proactively identify opportunities to improve processes and contribute to wider corporate objectives.
Home-based role, with occasional travel to the London office as required.
Key Criteria
Essential:
- Self-motivated with the ability to work independently and remotely.
- Strong influencing, networking, and relationship-building skills.
- Excellent communication and teamwork capabilities.
- Strong organisational skills, with the ability to follow company processes and procedures.
Desirable:
- Existing broker relationships that could be leveraged within the company.
Competence Summary (Knowledge, Skills & Experience)
Essential:
- Extensive knowledge of, and strong relationships within, the insurance broker market.
Desirable:
- Proficiency in Microsoft applications including OneNote, Excel, Word, and PowerPoint.
- Experience in statistical analysis and performance monitoring.
- Previous underwriting experience within an MGA or MGU environment.
(Senior) Development Underwriter - Commercial Combined in Edinburgh employer: HFG
As a Senior Development Underwriter at our company, you will thrive in a dynamic and supportive work environment that prioritises collaboration and professional growth. With a strong emphasis on building lasting broker relationships and driving profitable trading activity, we offer a home-based role that allows for flexibility while also providing opportunities for face-to-face engagement with key stakeholders. Our commitment to fostering a positive culture and upholding core values ensures that you will be part of a team that values your contributions and encourages your development.
StudySmarter Expert Advice🤫
We think this is how you could land (Senior) Development Underwriter - Commercial Combined in Edinburgh
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like HFG). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like HFG. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace (Senior) Development Underwriter - Commercial Combined in Edinburgh
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 HFG.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at HFG. 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 HFG
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at HFG 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 HFG, 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 HFG'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.
