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For Companies At a Glance
- Tasks: Underwrite diverse property risks and build strong client relationships in a dynamic environment.
- Company: Leading Reinsurer based in the City of London with a focus on innovation.
- Benefits: Competitive salary, professional development, and opportunities for career growth.
- Why this job: Join a team that shapes the future of property reinsurance and makes a real impact.
- Qualifications: Solid background in Property Underwriting with experience in facultative placements.
- Other info: Collaborative culture with a focus on teamwork and continuous improvement.
The predicted salary is between 36000 - 60000 £ per year.
Exclusive Role: Underwriter | Property Facultative Reinsurer City of London
I am currently partnered exclusively with a leading Reinsurer who are seeking an Underwriter to join their Property Fac team. This role will be Underwriting a variety of Property risks from multiple industries on a Facultative basis, solely on an XOL basis too. Including but not limited to; Power, Real Estate, Mining, Renewables and more. My client is looking for someone with a solid Property Underwriting background, either on a Fac basis or a primary basis who has had involvement with Fac placements.
Key Responsibilities- Underwriting
- Support the department's objective of building and sustaining a profitable property excess of loss portfolio.
- Underwrite and price individual risks and programme-based facultative reinsurance in line with underwriting philosophy, guidelines, rating tools, pricing methodologies, and documentation standards.
- Maintain a strong understanding of market pricing, terms, and conditions.
- Demonstrate in-depth expertise in contract and policy wordings, pricing structures, terms and conditions, and current underwriting issues.
- Negotiate and agree terms and conditions directly with clients.
- Build and maintain strong relationships with clients at both underwriting and senior management levels.
- Develop a thorough understanding of treaty structures and facultative reinsurance purchasing behaviour.
- Deliver tailored reinsurance solutions that meet client needs while maintaining technical pricing discipline and capacity limits.
- Take ownership of assigned client relationships, including the development and execution of marketing plans.
- Proactively identify new business opportunities within existing accounts and across the wider insurance market.
- Maintain awareness of broader market trends and industry developments.
- Seek and provide high-quality peer review ('second head') support on facultative transactions where appropriate.
- Foster effective collaboration across client teams, branches, business units, and project teams by contributing to a positive, supportive, and disciplined working environment.
- Actively participate in training, development, and coaching initiatives.
- Consistently demonstrate professionalism, integrity, trust, and respect.
- Exhibit a strong work ethic and a proactive, results-driven mindset.
- Contribute to branch planning activities in support of departmental objectives.
- Use management and diagnostic reporting to generate insights and share information effectively with property facultative colleagues and other corporate functions.
- Adhere to established operational and processing protocols while supporting continuous improvement initiatives.
- Coordinate, participate in, and lead special projects as required to support branch and business priorities.
Underwriter - Property Facultative in City of London employer: High Finance Limited
Contact Detail:
High Finance Limited 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! Get out there and connect with industry professionals on LinkedIn or at events. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Tip Number 2
Prepare for those interviews by researching the company and its culture. We want to show them that you’re not just another candidate, but someone who truly understands their values and goals. Tailor your answers to reflect that!
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or use online platforms. We can help you refine your pitch and get comfortable discussing your experience in Property Underwriting, so you shine when it counts.
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email can go a long way. It shows your enthusiasm for the role and keeps you fresh in their minds. And remember, apply through our website for the best chances!
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 Property Underwriting experience and any specific projects or risks you've worked on that align with the job description. We want to see how your background fits with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your skills can contribute to our team. Be sure to mention your understanding of facultative reinsurance and client relationship management.
Showcase Your Market Knowledge: Demonstrate your understanding of market pricing, terms, and conditions in your application. We love candidates who are aware of current underwriting issues and can discuss them intelligently. This shows us you’re proactive and engaged!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. Plus, it shows you’re keen to join our team!
How to prepare for a job interview at High Finance Limited
✨Know Your Underwriting Stuff
Make sure you brush up on your property underwriting knowledge, especially around facultative reinsurance. Be ready to discuss specific risks and how you would approach underwriting them, particularly in sectors like Power, Real Estate, and Renewables.
✨Showcase Your Client Management Skills
Prepare examples of how you've built and maintained strong client relationships in the past. Highlight any experiences where you negotiated terms or tailored solutions to meet client needs, as this will resonate well with the interviewers.
✨Stay Updated on Market Trends
Familiarise yourself with current market pricing, terms, and conditions. Being able to discuss recent trends or changes in the industry will show that you're proactive and engaged, which is crucial for this role.
✨Emphasise Team Collaboration
Be ready to talk about your experience working in teams and how you've contributed to a positive work environment. Mention any instances where you've provided peer support or participated in training initiatives, as teamwork is key in this role.
