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 top-tier team and make a real impact in the insurance industry.
- Qualifications: Solid Property Underwriting background with client management skills.
- Other info: Opportunities for career growth and involvement in exciting projects.
The predicted salary is between 36000 - 60000 £ 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 underwrite 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. The candidate should have a solid Property Underwriting background, either on a Facultative basis or a primary basis, with involvement in Facultative placements.
Responsibilities- 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 London employer: HJF Promotional Products
Contact Detail:
HJF Promotional Products Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior 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 business model and how they operate in the property market. Tailor your conversations to show how your skills align with their needs – it’ll make you stand out from the crowd.
✨Follow Up Like a Boss
After interviews or networking events, don’t forget to follow up! A quick thank-you email can go a long way in keeping you top of mind. Plus, it shows your enthusiasm for the role and your professionalism.
We think you need these skills to ace Senior Underwriter - Property Facultative in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Underwriter role. Highlight your Property Underwriting experience and any specific projects or achievements that relate to Facultative placements. 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 Team Spirit: We value teamwork here at StudySmarter, so don’t forget to mention your collaborative experiences. Share examples of how you've worked with peers to achieve common goals or how you've contributed to a positive working environment in previous roles.
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’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at HJF Promotional Products
✨Know Your Underwriting Stuff
Make sure you brush up on your property underwriting knowledge, especially around facultative placements. Be ready to discuss specific risks and how you would approach underwriting them, as well as any relevant market trends.
✨Showcase Your Client Management Skills
Prepare examples of how you've built and maintained strong client relationships in the past. Highlight your negotiation skills and how you've tailored solutions to meet client needs while keeping pricing discipline in mind.
✨Demonstrate Team Spirit
Be ready to talk about your experience working collaboratively with teams. Share instances where you've contributed to a positive work environment or supported peers in their underwriting efforts, as teamwork is key in this role.
✨Stay Current with Market Trends
Research the latest developments in the property insurance market. Being able to discuss current issues and trends will show that you're proactive and engaged, which is exactly what they’re looking for in a Senior Underwriter.