At a Glance
- Tasks: Underwrite product recall solutions and manage relationships with brokers and clients.
- Company: Join Starr, a fast-growing global insurance organisation.
- Benefits: Inclusive culture, first-class training, and career development opportunities.
- Other info: Opportunity to thrive in a business development role with excellent growth potential.
- Why this job: Make an impact in crisis management while developing your skills in a dynamic environment.
- Qualifications: Proven underwriting experience and strong communication skills required.
The predicted salary is between 50000 - 70000 £ per year.
Starr is a global insurance and investment organisation providing property and casualty insurance solutions to business and industry. Our talented and experienced associates manage risk and ultimately support the profitable growth of organisations in a dynamic, competitive and ever-changing marketplace.
Our Crisis Management team offers product recall solutions for a broad spectrum of product manufacturers including product contamination, auto and component recall liability, consumer goods recall, and others. Business is written on a global basis with primary focus on the USA.
The key to success within this role will be a highly detailed and analytical underwriting approach, impactful relationship management and unparalleled sales skills. This is in addition to excellent organisational skills and the ability to think ahead and use initiative. You will need to thrive in a business development role and be able to demonstrate a skill for working with senior brokers/clients. You will need to take ownership of relationships and be confident these lead to profitable business.
Key Responsibilities- Primarily underwrite the Product Recall section of the Crisis Management portfolio.
- Work closely with the Lead Underwriter to deliver the underwriting strategy for your class of business.
- Drive underwriting excellence across the Crisis Management book by ensuring adherence to risk appetite, lines setting, standards and guidelines, rating, and pricing adequacy.
- Ensure high quality underwriting, appropriate exposure assessment, contractual terms and adherence to respective rules and guidelines.
- Provide a compelling and knowledgeable service offering to brokers and clients, making Starr a go-to Market for Crisis Management business.
- Lead and develop close relationships with our partner brokers.
- Cultivate business development initiatives to grow the portfolio profitably, where desired.
- Own the development of our underwriting appetite, constantly analysing the portfolio and modifying appetite accordingly.
The above duties and responsibilities are not an exhaustive list, and you may be required to undertake other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.
Qualifications, skills and experience- A proven track record of profitable underwriting or broking performance.
- An excellent Market reputation in the Product Recall market.
- Meaningful Broker and Client relationships and the ability to develop business from a variety of sources.
- Excellent communication skills, and the ability to deal comfortably with different types of people at all levels of seniority.
- Demonstrable experience of managing risks appropriately, applying judgement and being prepared to own and take responsibility for your decisions.
- Experience in the use (and ideally the development) of online trading portals and/or other automated placement systems.
- Analysis and decision making
- Innovation and problem solving
- Strategic perspective
- Commerciality
- Communication and influence
- Resilience and adaptability
Starr is an equal opportunity employer, which means we will consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
Underwriter, Crisis Management in London employer: IQUW Group
Starr is an exceptional employer that fosters a dynamic and inclusive work culture, providing first-class training and development opportunities for its employees. As part of the Crisis Management team, you will engage in meaningful work that directly impacts global businesses while building strong relationships with brokers and clients. With a commitment to employee growth and a focus on innovation, Starr offers a rewarding environment for those looking to excel in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter, Crisis Management in London
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals on LinkedIn or at events. Building relationships can open doors to opportunities that aren’t even advertised.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their products and how your skills can contribute to their success, especially in Crisis Management. Show them you’re not just another candidate!
✨Tip Number 3
Follow up after interviews! A quick thank-you email can leave a lasting impression. It shows your enthusiasm for the role and keeps you fresh in their minds.
✨Tip Number 4
Don’t forget to apply through our website! We love seeing candidates who take the initiative to engage directly with us. Plus, it’s a great way to ensure your application gets the attention it deserves.
We think you need these skills to ace Underwriter, Crisis Management in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriter role in Crisis Management. Highlight your experience in underwriting, especially in product recall or similar areas, and showcase any relevant skills that align 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 background makes you a perfect fit. Don’t forget to mention your relationship management skills and any successful business development initiatives you've led.
Showcase Your Analytical Skills:Since this role requires a detailed and analytical approach, be sure to include examples of how you've successfully assessed risks and made informed decisions in your previous roles. We want to see your thought process!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at IQUW Group
✨Know Your Numbers
As an Underwriter in Crisis Management, you'll need to demonstrate a strong analytical approach. Brush up on key metrics related to product recall and risk assessment. Be ready to discuss how you've used data to make informed decisions in past roles.
✨Build Rapport with Brokers
Relationship management is crucial in this role. Before the interview, research common brokers in the product recall market. Think of ways you can connect with them and share examples of how you've successfully built relationships in your previous positions.
✨Showcase Your Problem-Solving Skills
Prepare to discuss specific challenges you've faced in underwriting or broking. Use the STAR method (Situation, Task, Action, Result) to structure your answers, highlighting how you approached problems and what innovative solutions you implemented.
✨Demonstrate Your Commercial Awareness
Starr values candidates who understand the market landscape. Stay updated on current trends in the insurance industry, especially regarding crisis management. Be prepared to discuss how these trends could impact underwriting strategies and client relationships.
