At a Glance
- Tasks: Underwrite property risks and develop strong broker relationships in a dynamic environment.
- Company: Join a leading London Market Insurer with a focus on growth and innovation.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Collaborative culture with opportunities to attend industry events and network.
- Why this job: Make an impact in the insurance industry while working with experienced professionals.
- Qualifications: Experience in UK Property or Commercial Combined underwriting and strong broking contacts.
The predicted salary is between 63000 - 77000 £ per year.
New
Vacancy: Underwriter - Property (UK & Multinational) London Market Insurer City of London I am currently partnered with a London Market Insurer who are seeking an Underwriter to join their growing UK Property division.
This role will be Underwriting Property related risks, with a focus on UK Multinational business for a range of occupancies.
You will be writing packaged Casualty risks in this role too.
My client is looking for an experienced UK Property or P&C/Commercial Combined Underwriter, with strong Broking contacts either in London or regionally, and the desire to write new business.
Key Responsibilities
Deliver the underwriting strategy for the Property portfolio, supporting profitable growth in line with business objectives and underwriting appetite.
Underwrite new and renewal business within delegated authority, applying sound technical judgement and strong commercial acumen.
Assess complex risks by reviewing applications, financial information and supporting documentation to determine acceptability in line with underwriting guidelines and standards.
Recommend appropriate pricing, terms, conditions and coverage enhancements based on detailed technical analysis and prevailing market conditions.
Build, develop and maintain strong trading relationships with key brokers, acting as a trusted underwriting partner and identifying opportunities for profitable growth.
Proactively develop new business opportunities while strengthening and expanding existing broker relationships across the market.
Work collaboratively with the Senior Underwriting Leadership Team to deliver underwriting strategy and achieve portfolio objectives.
Prepare quotations and respond to technical underwriting enquiries from brokers, internal stakeholders and business partners, escalating matters where appropriate.
Clearly communicate underwriting decisions, including referrals, underwriting requirements, rate negotiations and declinatures, ensuring brokers understand the commercial rationale behind decisions.
Monitor portfolio performance through analysis of quality, rate adequacy, exposure and profitability, providing insight and recommendations to support portfolio optimisation.
Contribute to the ongoing development of underwriting appetite, products and trading strategy through technical expertise, market knowledge and underwriting insight.
Represent the organisation within the broker community through regular broker meetings, market visits and industry networking events, promoting the company's proposition and values.
Maintain a strong understanding of market trends, competitor activity, regulatory developments and emerging risks.
Ensure all underwriting activity complies with regulatory, legal and governance requirements, as well as relevant policies and underwriting controls.
Work closely with senior colleagues on risks exceeding delegated authority or requiring specialist technical input.
Develop proficiency across all relevant underwriting systems and contribute to continuous improvement initiatives where appropriate.
Undertake additional responsibilities and projects as required.
Underwriter - UK Property (Commercial Combined) in London employer: High Finance Limited
As a Senior Premium Processing Technician at our esteemed independent Lloyd's insurance broker in London, you'll thrive in a collaborative culture that values technical expertise and exceptional service. With a strong focus on employee development, we offer a supportive environment where your contributions will make a real impact, alongside competitive benefits and the flexibility of a hybrid working model.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter - UK Property (Commercial Combined) in London
✨Tap into Campus Networks
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
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We think you need these skills to ace Underwriter - UK Property (Commercial Combined) in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to High Finance Limited.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on High Finance Limited's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at High Finance Limited
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with High Finance Limited.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at High Finance Limited will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former High Finance Limited employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
