At a Glance
- Tasks: Underwrite diverse Property risks and manage submissions from quote to bind.
- Company: Join a prestigious Lloyd's Syndicate in the heart of London.
- Benefits: Competitive salary, career progression, and a dynamic work environment.
- Other info: Opportunity to build relationships and travel for client meetings.
- Why this job: Make an impact in the insurance industry while developing your skills.
- Qualifications: Experience in Property D&F underwriting or as an Assistant Underwriter.
The predicted salary is between 55000 - 70000 € 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 Underwriting a variety of Property risks from multiple industries on a Direct and Facultative basis on a worldwide basis, 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
As a leading Lloyd's Syndicate located in the heart of the City of London, we pride ourselves on fostering a dynamic and inclusive work culture that encourages professional growth and collaboration. Our employees benefit from competitive remuneration, comprehensive training programmes, and the opportunity to engage with a diverse range of property risks on a global scale, particularly within the US market. Join us to be part of a forward-thinking team where your contributions are valued and your career can flourish.
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 insurance 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. Be ready to discuss specific Property D&F risks and how you’ve handled them in the past. Show us you know your stuff!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation and reiterate your interest in the role. It keeps you fresh in their minds.
✨Tip Number 4
Apply through our website! We’ve got all the latest job listings, and applying directly shows your enthusiasm. Plus, it’s a great way to ensure your application gets seen by the right people.
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 aligns 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 the perfect fit for our team. Mention specific experiences that relate to underwriting D&F risks and show us your enthusiasm for the role.
Showcase Your Broker Relationships:Since maintaining and cultivating broker relationships is key, make sure to mention any relevant connections or experiences in your application. We love seeing candidates who can hit the ground running!
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. Plus, it shows us you’re serious about joining our team!
How to prepare for a job interview at HFG
✨Know Your Underwriting Stuff
Make sure you brush up on your Property D&F underwriting knowledge. Familiarise yourself with the specific risks associated with US business and be ready to discuss how you’ve handled similar cases in the past. This will show that you’re not just a good fit, but that you’re genuinely interested in the role.
✨Master the Pricing Models
Since the role involves understanding various pricing models, take some time to review these before your interview. Be prepared to explain how you’ve used them in your previous roles and how they impact underwriting decisions. This will demonstrate your technical expertise and readiness for the position.
✨Build Rapport with Brokers
Since maintaining and cultivating broker relationships is key, think of examples where you’ve successfully managed these relationships. Be ready to share how you approach negotiations and what strategies you use to keep those connections strong. This will highlight your interpersonal skills and collaborative spirit.
✨Show Your Independent Side
The job requires operating independently, so come prepared with examples of when you’ve taken initiative or worked with minimal supervision. Discuss how you’ve contributed to team goals while also pursuing your own projects. This will illustrate your ability to thrive in a dynamic environment.
