At a Glance
- Tasks: Underwrite luxury motor insurance and analyse portfolio performance for high-net-worth clients.
- Company: Leading Motor Insurer with a focus on bespoke and high-net-worth services.
- Benefits: Hybrid working, competitive salary, and opportunities for professional growth.
- Other info: Collaborative culture with strong emphasis on training and continuous improvement.
- Why this job: Join a dynamic team and make an impact in the luxury motor insurance market.
- Qualifications: 2-3 years in motor insurance; open to Assistant Underwriters or Brokers looking to advance.
The predicted salary is between 40000 - 50000 £ per year.
I am currently partnered with a leading Motor Insurer who are seeking an Underwriter to join their growing HNW/Bespoke team. This role will be Underwriting HNW/Prestige Motor business from the UK, including Luxury vehicles with some key HNW clients. This will be dealing with new and existing business.
My client is looking for someone with 2/3+ years in the Motor space, and are very open to an Assistant Underwriter or Broker who is keen to move into an Underwriting role. HNW experience is preferred but not essential.
Key Responsibilities- Portfolio Performance: Contributing to portfolio performance management through analysis of results, supporting pricing and risk selection strategies, and making recommendations to drive continuous improvement and achieve financial targets.
- Team Collaboration & Support: Working closely with performance analysts, providing guidance and support where appropriate, and leveraging team capabilities to deliver strategic objectives.
- Underwriting Input: Contributing to the development of underwriting appetite based on market insights, identifying opportunities to enhance portfolio performance.
- Culture & Leadership: Supporting leadership in fostering a high-performance culture by demonstrating strong role-model behaviours and professionalism.
- Training & Development: Collaborating with leadership and training teams to identify development needs, and supporting team capability through coaching, feedback, and knowledge sharing.
- Quality Assurance: Maintaining a strong focus on accuracy and quality, aiming to deliver right-first-time outcomes in line with agreed standards.
- Fraud Awareness: Acting as a first line of defence by identifying and escalating potential fraud in accordance with internal policies and required timeframes.
- Regulatory Compliance: Maintaining a strong understanding of and adherence to all relevant regulatory requirements, guidelines, and internal procedures.
- Complaints Handling: Managing complaints in line with established processes, seeking early resolution where possible and escalating appropriately when required.
- Continuous Improvement: Proactively pursuing learning and development opportunities to enhance individual and team performance.
- Performance Delivery: Meeting individual performance targets while collaborating effectively with colleagues to achieve shared business objectives and key metrics.
Underwriter - Motor (Bespoke/HNW) 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 Underwriter - Motor (Bespoke/HNW) in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those in motor underwriting. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of HNW and bespoke motor underwriting. We recommend practising common interview questions and scenarios you might face, so you can showcase your expertise confidently.
✨Tip Number 3
Don’t forget to leverage social media! Follow companies you're interested in, engage with their posts, and join relevant groups. This can help you stay updated on industry trends and job opportunities.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and eager to join our team.
We think you need these skills to ace Underwriter - Motor (Bespoke/HNW) in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriter role. Highlight your experience in the Motor space and any relevant skills that align with the job description. We want to see how you can contribute to our HNW/Bespoke team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about underwriting and how your background makes you a great fit for us. Don’t forget to mention any specific experiences with luxury vehicles or HNW clients.
Showcase Your Analytical Skills: Since this role involves portfolio performance management, be sure to highlight any analytical skills or experiences you've had. We love candidates who can support pricing and risk selection strategies with solid data insights!
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, we love seeing applications come in through our own channels!
How to prepare for a job interview at High Finance (UK) Limited
✨Know Your Stuff
Make sure you brush up on your knowledge of the motor insurance industry, especially around HNW and bespoke policies. Familiarise yourself with luxury vehicles and the specific needs of high-net-worth clients. This will show that you're not just interested in the role but also understand the market.
✨Showcase Your Analytical Skills
Since the role involves portfolio performance management and risk selection, be prepared to discuss your analytical skills. Bring examples of how you've contributed to improving performance or made recommendations based on data analysis in your previous roles.
✨Team Player Vibes
This position requires collaboration with various teams, so highlight your teamwork experience. Share instances where you've worked closely with analysts or other departments to achieve a common goal. It’s all about showing you can contribute to a high-performance culture!
✨Be Ready for Compliance Questions
Understand the regulatory landscape surrounding motor insurance. Be prepared to discuss how you've ensured compliance in past roles and how you would handle complaints or potential fraud. This shows you take quality assurance seriously and are ready to uphold the company's standards.