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- Tasks: Write and manage medium to complex risks while collaborating with brokers.
- Company: Join a dynamic team focused on achieving financial goals through strong market relationships.
- Benefits: Enjoy competitive salary, 25 days holiday, bonuses, and professional development support.
- Why this job: Be a key player in shaping underwriting strategies and enhancing your technical skills.
- Qualifications: Technical expertise in underwriting and strong commercial awareness required.
- Other info: Opportunity for professional qualifications and annual benefits reviews.
The predicted salary is between 36000 - 60000 £ per year.
The Underwriter’s primary responsibility is to write a range of medium to complex risks within the products risk appetite and within own individual underwriting authority. You will also act as a referral point for team members with a lower level of authority helping to develop their technical knowledge and understanding.
The role is market visible which will see you working closely with our broker partners and forming solid trading relationships, these relationships will help ERS achieve their short- and long-term financial plans by seeking to broaden our market penetration.
Success in the role requires technical expertise in our product(s) and frequent collaboration with other business functions to ensure that we leverage capabilities from across the business in delivering first class propositions to our chosen market., * Contributing to the execution of the underwriting strategy for the Class of Business, working within the agreed risk appetite and own individual authority to process quotes, renewals, Mid-term adjustments and cancellations.
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Providing input to the development of our underwriting appetite for our product(s)
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Assisting in the management of portfolio performance through the analysis of results and the ability to make recommendations.
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Work with the operational leadership team & technical training team to help identify training needs and support employee development through feedback, coaching and training to improve team competency and performance.
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Act as our first line of defense. Understand and adhere to the zero- tolerance fraud strategy.
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Having significant awareness of and ensuring adherence to all regulatory requirements
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Understand and adhere to the complaint handling process, attempting to resolve complaints informally whenever possible.
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This role carries financial responsibility as well as being recognized as a subject matter expert in your product(s). We therefore require our role holders to demonstrate technical expertise and to use commercial judgment in the fulfilment of their role.
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Good commercial awareness that allows you to identify and take advantage of market opportunities.
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Possess an understanding of pricing practices and methodologies with the ability and experience to help us constantly enhance our pricing capability, providing insight and feedback on our pricing models.
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Possessing interpersonal skills which will allow you to build and maintain relationships. Being able to articulate what a mutually beneficial relationship looks like and being comfortable having at times challenging conversations with our broker partners.
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Highly articulate and numerate
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Competitive Benchmarked Salary
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25 days holiday
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Discretionary bonus scheme
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Employee assistance programme
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Annual holiday buy (up to 3 extra days)
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Salary sacrifice benefits
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Annual benefits reviews
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The option for professional qualifications and study support
Motor Fleet Underwriter employer: IQUW
Contact Detail:
IQUW Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Motor Fleet Underwriter
✨Tip Number 1
Familiarize yourself with the specific products and risk appetite of StudySmarter. Understanding our underwriting strategy will help you demonstrate your technical expertise during discussions with our team.
✨Tip Number 2
Build your network within the insurance industry, especially with brokers. Strong relationships are key to success in this role, so attending industry events or engaging on professional platforms can be beneficial.
✨Tip Number 3
Stay updated on market trends and pricing methodologies. Being able to discuss current market conditions and how they impact underwriting decisions will set you apart as a knowledgeable candidate.
✨Tip Number 4
Showcase your interpersonal skills by preparing for potential challenging conversations. Think about examples where you've successfully navigated difficult discussions, as this will highlight your ability to maintain strong broker relationships.
We think you need these skills to ace Motor Fleet Underwriter
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Motor Fleet Underwriter position. Highlight key responsibilities and required skills, such as technical expertise in underwriting and strong interpersonal skills.
Tailor Your CV: Customize your CV to reflect your experience and skills that align with the requirements of the role. Emphasize your previous underwriting experience, knowledge of pricing practices, and any relevant training or coaching roles you've held.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the underwriting strategy and your ability to build relationships with broker partners. Use specific examples from your past experiences to demonstrate your commercial awareness and technical expertise.
Highlight Your Achievements: In both your CV and cover letter, include quantifiable achievements that illustrate your success in previous underwriting roles. This could be improvements in portfolio performance or successful training initiatives you led.
How to prepare for a job interview at IQUW
✨Show Your Technical Expertise
Make sure to highlight your understanding of underwriting principles and your experience with medium to complex risks. Be prepared to discuss specific examples where you've successfully assessed risks and made informed decisions.
✨Demonstrate Relationship-Building Skills
Since the role involves working closely with broker partners, share experiences that showcase your ability to build and maintain strong relationships. Discuss how you've navigated challenging conversations and turned them into mutually beneficial outcomes.
✨Understand the Market Landscape
Research the current market trends and challenges in the insurance industry. Be ready to discuss how you can leverage this knowledge to identify opportunities for growth and enhance the company's market penetration.
✨Prepare for Technical Questions
Expect questions related to pricing practices and methodologies. Brush up on your knowledge of pricing models and be ready to provide insights on how you can contribute to improving pricing capabilities within the company.
