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For Companies At a Glance
- Tasks: Negotiate business terms, manage renewals, and provide top-notch service to brokers.
- Company: Join a fast-growing MGA with a dynamic insurance team focused on SME products.
- Benefits: Enjoy a competitive salary, performance bonuses, and flexible remote work options.
- Why this job: Great career progression in a thriving business with a supportive culture.
- Qualifications: Passion for underwriting, strong commercial insurance knowledge, and excellent negotiation skills.
- Other info: CII certification is a plus; perfect for those eager to grow their expertise.
The predicted salary is between 28000 - 42000 £ per year.
IPS Group is partnering with a fast-growing MGA that is seeking experienced Commercial Underwriters to join their dynamic insurance team. This is an exciting opportunity for professionals with a background in underwriting, insurance, or broking to take on a key role within a thriving business, focusing on SME insurance products. The positions are available due to continued business growth.
The Role: As a Commercial Underwriter, you will be responsible for negotiating new business terms, securing renewals, managing mid-term adjustments (MTAs), and providing exceptional service to brokers. You will play a vital role in managing risk, making informed decisions, and contributing to the growth and profitability of the business.
Some Key Responsibilities:
- Underwrite new business terms, secure renewals, and manage mid-term adjustments (MTAs) profitably and effectively.
- Build and maintain strong relationships with brokers and other stakeholders, ensuring excellent service and customer satisfaction.
- Collaborate with sales teams, underwriting management, and other business lines to deliver company objectives.
Skills and Experience: The ideal candidate will be passionate about underwriting and insurance, with the following skills and experience:
- A strong understanding of commercial insurance.
- The ability to manage your workload, prioritise tasks, and meet deadlines.
- Excellent negotiation and customer service skills.
- High attention to detail, organisation, and communication skills.
- Commercial awareness and a proactive, trading mindset.
- Ability to work independently and take initiative.
- A desire for continuous professional development and growth in technical knowledge.
- CII certification (or progression towards) is desirable.
Why This Role?
- Career Progression: Be part of a growing business with plenty of room to develop your skills and progress your career.
- Great Benefits: Along with a competitive salary, you’ll enjoy benefits and performance-based bonuses.
- Work Flexibility: Enjoy office-based work with the option of remote working, offering you a great work-life balance. This is offered once up to speed.
How to Apply: If you’re passionate about moving into underwriting and looking to take the next step in your career, apply now and take advantage of this exciting opportunity!
Email: Alexander.ballantine@ipsgroup.co.uk
Number: 0121 392 9061 / 07967 701036
Commercial Insurance Underwriter employer: IPS Group
Contact Detail:
IPS Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Insurance Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in commercial insurance, especially SME products. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the insurance industry, particularly those who work as underwriters or brokers. Attend industry events or join relevant online forums to build connections that could lead to referrals or insider information about the role.
✨Tip Number 3
Prepare for potential interview questions by practising your negotiation and customer service skills. Role-playing scenarios can help you articulate your experience and approach to managing broker relationships effectively.
✨Tip Number 4
Showcase your desire for continuous professional development by researching CII certification options. Mentioning your plans to pursue this qualification can set you apart as a proactive candidate eager to grow in the underwriting field.
We think you need these skills to ace Commercial Insurance Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Commercial Underwriter. Familiarise yourself with key terms like underwriting new business, managing renewals, and mid-term adjustments (MTAs). This knowledge will help you tailor your application.
Highlight Relevant Experience: In your CV and cover letter, emphasise any previous experience in underwriting, insurance, or broking. Be specific about your achievements and how they relate to the skills mentioned in the job description, such as negotiation and customer service.
Showcase Your Skills: Make sure to highlight your strong understanding of commercial insurance, attention to detail, and organisational skills. Use examples from your past work to demonstrate these abilities, as they are crucial for the role.
Craft a Compelling Cover Letter: Write a tailored cover letter that expresses your passion for underwriting and your desire for professional development. Mention why you are interested in this specific role and how you can contribute to the company's growth and profitability.
How to prepare for a job interview at IPS Group
✨Showcase Your Underwriting Knowledge
Make sure to brush up on your understanding of commercial insurance and underwriting principles. Be prepared to discuss specific examples from your past experience that demonstrate your expertise in these areas.
✨Demonstrate Strong Negotiation Skills
Since the role involves negotiating new business terms, be ready to share instances where you successfully negotiated deals or resolved conflicts. Highlight your approach and the outcomes to showcase your negotiation prowess.
✨Emphasise Relationship Building
The ability to build and maintain strong relationships with brokers is crucial. Prepare to discuss how you've fostered relationships in previous roles and how you plan to do so in this position.
✨Exhibit a Proactive Mindset
Show that you have a proactive approach to your work. Discuss how you manage your workload, prioritise tasks, and take initiative in your previous roles. This will demonstrate your readiness to contribute to the company's growth.
