At a Glance
- Tasks: Underwrite diverse property risks and build strong client relationships.
- Company: Leading Reinsurer in the heart of London.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Why this job: Join a team shaping the future of property reinsurance with real impact.
- Qualifications: Solid background in Property Underwriting and client management skills.
- Other info: Collaborative culture with opportunities for growth and innovation.
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 London employer: High Finance (UK) Limited T/A HFG
Contact Detail:
High Finance (UK) Limited T/A HFG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Property Facultative in London
✨Network Like a Pro
Get out there and connect with industry professionals! Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. Building relationships can open doors to opportunities that aren’t even advertised.
✨Show Off Your Expertise
When you get the chance to chat with potential employers, make sure to highlight your knowledge in property underwriting and facultative placements. Share specific examples of how you've tackled challenges in the past – it’ll show them you’re the real deal!
✨Tailor Your Approach
Every company is different, so do your homework! Understand their values and what they’re looking for in an underwriter. Tailor your conversations to reflect how your skills align with their needs – it’ll make you stand out from the crowd.
✨Apply Through Us!
Don’t forget to check out our website for the latest job openings. Applying through StudySmarter not only gives you access to exclusive roles but also puts you in touch with recruiters who know exactly what employers are looking for!
We think you need these skills to ace Underwriter - Property Facultative in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriter role. Highlight your Property Underwriting experience, especially any work with Facultative placements. We want to see how your background aligns 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 this role and how your skills can help us build a profitable property excess of loss portfolio. Keep it engaging and relevant!
Showcase Your Negotiation Skills: Since negotiating terms directly with clients is key, make sure to mention any relevant experiences where you've successfully negotiated deals. We love seeing examples of how you’ve built strong client relationships!
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 this exclusive role. We can’t wait to see what you bring to the table!
How to prepare for a job interview at High Finance (UK) Limited T/A HFG
✨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. Familiarise yourself with market pricing and current trends in the industry.
✨Showcase Your Client Management Skills
Prepare examples of how you've built and maintained strong client relationships in the past. Think about times when you negotiated terms or delivered tailored solutions. This will demonstrate your ability to manage accounts effectively and meet client needs.
✨Be a Team Player
Highlight your experience working collaboratively within teams. Discuss how you've contributed to a positive work environment and supported your colleagues. This is crucial as teamwork is key in this role, so be ready to share specific instances where you’ve fostered collaboration.
✨Demonstrate Your Proactive Mindset
Employers love candidates who take initiative. Prepare to talk about how you've identified new business opportunities or contributed to continuous improvement initiatives in your previous roles. Show that you're results-driven and ready to take ownership of your responsibilities.
