At a Glance
- Tasks: Underwrite new commercial business and build strong broker relationships.
- Company: Join Jensten Underwriting, a growing and ambitious underwriting business.
- Benefits: Competitive salary, hybrid working, generous leave, and professional development support.
- Other info: Enjoy perks like discounts, holiday purchase options, and a supportive culture.
- Why this job: Make a real impact in a dynamic environment with exciting growth opportunities.
- Qualifications: Proven underwriting experience and strong focus on new business generation.
The predicted salary is between 50000 - 65000 £ per year.
Are you an experienced UK Commercial Underwriter looking to join a growing and ambitious underwriting business? Operating on a Hybrid Basis, reporting into our London Office, Jensten Underwriting (MGA) part of the Jensten Group are seeking a commercially minded and relationship-focused Commercial Underwriter to play a key role in the continued growth and profitability of our specialist schemes portfolio.
The Role
Reporting into the underwriting leadership team, you will be responsible for underwriting new business, supporting broker development initiatives, and ensuring profitable scheme performance across a range of commercial products. The role will focus primarily on Commercial Combined business, with any experience underwriting Contractors Combined risks a benefit. You will work closely with brokers, our capacity provider, and internal stakeholders to deliver exceptional service standards while helping to develop and grow specialist schemes and products.
Key Responsibilities
- Underwrite new commercial business in line with delegated authority.
- Provide competitive quotations and technical underwriting support to brokers.
- Build and develop strong relationships with brokers, supporting new business growth.
- Assist in broker development activities, identifying opportunities to increase income and profitability.
- Monitor and manage scheme performance, ensuring profitable outcomes for both the business and capacity providers.
- Support the development and enhancement of underwriting criteria, rating structures, policy wordings, terms, and conditions.
- Assist with the creation and launch of new insurance products and schemes.
- Monitor market trends and competitor activity to ensure products remain competitive and relevant.
About You
- Proven underwriting experience gained within an Insurer, MGA, or Scheme Broker environment.
- Strong experience underwriting Commercial Combined risks.
- Exposure to Contractors Combined business would be highly beneficial.
- A strong focus on new business generation and portfolio growth.
- Experience developing and managing broker relationships.
- Strong commercial awareness and understanding of insurance market dynamics.
- The ability to balance underwriting discipline with service excellence.
Rewards And Benefits
When you join us, you can expect a supportive culture and an attractive range of rewards and benefits which include:
- Competitive salary with an annual pay review, strong bonus scheme and car allowance.
- Hybrid working with 2 days based in the office.
- 27 days annual leave (includes a day off for your birthday and another for a religious holiday of your choice) + bank holidays.
- Auto enrolment into our excellent pension scheme (5% employer matched contribution).
- Flex-benefits - A range of flexible benefits to choose from, that are most important to you.
- Group Life Assurance cover.
- 3 months Maternity, Paternity & Adoption leave all fully paid.
- Professional qualification study support relevant to your role and career.
- Perks at work - amazing discounts on cinema tickets, meals out, luxury items etc.
- Holiday purchase scheme - up to 5 days annually.
Senior Underwriter - New Business employer: Jensten
Jensten Underwriting is an exceptional employer that fosters a supportive and dynamic work culture, ideal for experienced underwriters seeking to make a significant impact in the insurance industry. With a competitive salary, hybrid working options, and a comprehensive benefits package including generous annual leave and professional development support, employees are empowered to grow their careers while enjoying a healthy work-life balance. Located in London, our team thrives on collaboration and innovation, making it a rewarding place to contribute to the growth of specialist schemes and products.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter - New Business
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Jensten). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Jensten. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Senior Underwriter - New Business
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Jensten.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Jensten. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Jensten
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Jensten to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Jensten, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Jensten's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
