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- Tasks: Manage diverse insurance portfolios and collaborate with brokers on renewals.
- Company: Established insurance business with a strong growth trajectory.
- Benefits: Competitive salary, bonus structure, and hybrid working options.
- Other info: Opportunity to work across various sectors and develop your career.
- Why this job: Join a dynamic team and make an impact in a growing industry.
- Qualifications: Experience in underwriting and strong analytical skills required.
The predicted salary is between 50000 - 65000 £ per year.
Location: Birmingham (hybrid working)
Salary: Competitive Basic Salary + Bonus + Benefits
IPS Group is working with a well-established insurance business to recruit a Senior Underwriter to join a growing and successful renewals underwriting team. The business has experienced strong growth, with GWP doubling over the past 7 years, driving continued expansion across the underwriting teams.
The underwriting approach is focused on disciplined risk selection, supporting strong renewal retention and a stable, high-quality portfolio. This is an open market, broker-traded role, working with both national and independent brokers.
The role offers exposure to a broad mix of sectors, including care, heritage, real estate, professions, and faith, among others. Underwriters will manage a varied and diverse book rather than being restricted to a single niche. Premiums typically range from £5k to £500k, with responsibility for around 10 renewals per month.
Senior Existing Business Underwriter employer: IPS Group Limited
Contact Detail:
IPS Group Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Existing Business Underwriter
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work with brokers. A friendly chat can lead to insider info about job openings that might not even be advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of the sectors you'll be dealing with. Knowing the ins and outs of care, heritage, and real estate will show you're serious about the role and ready to hit the ground running.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Check out our website for openings at IPS Group and tailor your approach to fit their culture and mission.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind and show your enthusiasm for the position. It’s a small gesture that can make a big difference in the hiring process.
We think you need these skills to ace Senior Existing Business Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience that are relevant to the Senior Existing Business Underwriter role. Highlight your underwriting experience, especially in managing diverse portfolios and working with brokers.
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 aligns with our focus on disciplined risk selection and strong renewal retention.
Showcase Your Achievements: Don’t just list your responsibilities; share your successes! Whether it’s a significant deal you closed or a process you improved, we want to see how you've made an impact in your 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 IPS Group Limited
✨Know Your Numbers
As a Senior Existing Business Underwriter, you'll need to demonstrate your understanding of key metrics and figures. Brush up on the latest trends in the insurance market, especially around GWP and renewal retention rates. Being able to discuss these confidently will show that you're not just familiar with the role but also passionate about the industry.
✨Showcase Your Portfolio Management Skills
Prepare examples of how you've successfully managed diverse underwriting portfolios in the past. Highlight specific cases where your disciplined risk selection led to strong outcomes. This will help the interviewers see your practical experience and how it aligns with their focus on maintaining a high-quality portfolio.
✨Understand the Broker Landscape
Since this role involves working with both national and independent brokers, it's crucial to understand their different needs and how to cater to them. Research the brokers you might be working with and be ready to discuss how you would approach building relationships with them. This shows that you’re proactive and ready to hit the ground running.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your decision-making skills in underwriting. Think through potential challenges you might face in managing renewals across various sectors like care or real estate. Practising your responses will help you articulate your thought process clearly during the interview.