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 business.
- 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 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 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 or even a referral.
✨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 that might come up, so you can showcase your expertise confidently.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation. It keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
Check out our website for the latest job openings. We’re always updating our listings, and applying directly through us can give you a better chance of landing that dream underwriter position!
We think you need these skills to ace Underwriter - Motor (Bespoke/HNW) in 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 HNW clients. We want to see how you can contribute to our 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 our bespoke team. Let us know what excites you about working with luxury vehicles.
Showcase Your Analytical Skills: Since portfolio performance is key, be sure to mention any experience you have with data analysis or risk assessment. We love candidates who can demonstrate their ability to drive continuous improvement through 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. We can’t wait to hear from you!
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 market, 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 nuances of the industry.
✨Showcase Your Analytical Skills
Since portfolio performance is key, be prepared to discuss how you've contributed to performance management in previous roles. Bring examples of how you've analysed results or supported pricing strategies. This will demonstrate your ability to drive continuous improvement and meet financial targets.
✨Team Player Vibes
Collaboration is crucial in this role, so highlight any experience you have working closely with analysts or other teams. Share examples of how you've provided guidance or support to colleagues, as this will show that you can contribute to a high-performance culture.
✨Be Ready for Compliance Questions
Understand the regulatory landscape surrounding motor insurance and be ready to discuss how you've adhered to compliance requirements in the past. This will reassure the interviewers that you take quality assurance and fraud awareness seriously, which is vital for this position.