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- 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 impactful projects.
- Qualifications: Solid Property Underwriting experience and strong negotiation skills.
- Other info: Collaborative culture with opportunities for growth and innovation.
The predicted salary is between 48000 - 72000 £ per year.
Exclusive Role: Senior Underwriter | Property Facultative Reinsurer City of London
I am currently partnered exclusively with a leading Reinsurer who are seeking a Senior 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.
Senior Underwriter - Property Facultative in City of London employer: High Finance (UK) Limited
Contact Detail:
High Finance (UK) Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior 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 Senior Underwriter role.
✨Tip Number 2
Prepare for those interviews by brushing up on your technical knowledge. Make sure you can talk confidently about underwriting principles, market trends, and pricing strategies. We want you to shine when discussing your expertise in property risks!
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can go a long way in showing your enthusiasm for the role. We believe that a little courtesy can make a big impression.
✨Tip Number 4
Check out our website for exclusive job listings and resources tailored for roles like Senior Underwriter. We’re here to help you find the perfect fit, so don’t hesitate to apply through us!
We think you need these skills to ace Senior Underwriter - Property Facultative in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Underwriter role. Highlight your experience in Property Underwriting and any specific projects or achievements that relate to facultative reinsurance. 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 passionate about this role and how your skills can contribute to our team. Be sure to mention your understanding of market pricing and client relationship management, as these are key for us.
Showcase Your Negotiation Skills: Since negotiating terms directly with clients is part of the job, make sure to include examples of your negotiation successes in your application. We love to see candidates who can demonstrate their ability to build strong relationships and deliver tailored solutions.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get all the updates directly from us. Plus, it shows you're keen on joining our team at StudySmarter!
How to prepare for a job interview at High Finance (UK) 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. Familiarise yourself with current market trends and pricing methodologies to show you're on top of your game.
✨Build Rapport with Clients
Since client relationship management is key in this role, think about how you can demonstrate your ability to build strong relationships. Prepare examples of how you've successfully managed client accounts in the past and be ready to discuss your approach to negotiating terms and conditions.
✨Showcase Team Spirit
This role requires effective collaboration, so be prepared to talk about your experiences working in teams. Highlight instances where you've contributed to a positive team environment or supported colleagues through peer reviews. It’s all about showing that you can work well with others while driving results.
✨Be Proactive and Results-Driven
The interviewers will be looking for someone with a proactive mindset. Think of examples where you've identified new business opportunities or improved processes in your previous roles. Show them that you’re not just about maintaining the status quo but are eager to drive growth and innovation.
