At a Glance
- Tasks: Assess and underwrite commercial property risks while building strong broker relationships.
- Company: Join a growing specialist Property & Delegated Authority team in London.
- Benefits: Competitive salary, hybrid working, and opportunities for professional development.
- Other info: Strong career growth potential and a collaborative team culture.
- Why this job: Make impactful underwriting decisions and contribute to business growth in a dynamic environment.
- Qualifications: Experience in Commercial Property or Real Estate Insurance is preferred.
The predicted salary is between 58540 - 71548 £ per year.
Job Title
Real Estate Underwriter
Salary
£45,000
Location
- London (Hybrid)
- PURPOSE OF ROLE
An exciting opportunity has arisen for a Real Estate Underwriter to join a growing specialist Property & Delegated Authority team in London.
This role will involve assessing and underwriting a varied portfolio of commercial property and real estate risks, making informed decisions that support profitable growth and strong portfolio performance.
You will have the opportunity to take ownership of underwriting decisions, develop broker and insurer relationships, and contribute to the ongoing success of an expanding business.
RESPONSIBILITIES
- Underwrite commercial property and real estate risks in line with delegated authority agreements.
- Assess risk exposures and make informed underwriting decisions based on technical and commercial considerations.
- Manage quotations, renewals and mid-term adjustments.
- Monitor portfolio performance, identifying trends and opportunities to improve profitability.
- Maintain strong underwriting standards and ensure compliance with relevant regulatory requirements.
- Build and develop relationships with brokers, insurer partners and internal stakeholders.
- Identify opportunities to improve processes and contribute towards the wider underwriting strategy.
- DAY-TO-DAY
- Reviewing and assessing new business submissions and existing property risks.
- Evaluating factors including property construction, occupancy, location and claims history.
- Negotiating and producing competitive terms for brokers.
- Managing renewals, quotations and policy amendments.
- Reviewing underwriting data and bordereaux to monitor portfolio performance.
- Working collaboratively with colleagues and external partners to achieve business objectives.
EXPERIENCE
- Previous experience within Commercial Property or Real Estate Insurance.
- Background in an underwriting, underwriting support or broking environment.
- Good understanding of commercial property risk factors, including construction, occupancy, location and claims experience.
- Knowledge of delegated authority or binder arrangements would be advantageous.
- Experience using Acturis or similar insurance platforms would be beneficial.
- Exposure to bordereaux, underwriting data and portfolio analysis would be desirable.
- Progress towards CII qualifications, or a willingness to study, would be advantageous.
SKILLS
- Strong technical underwriting and analytical abilities.
- Excellent attention to detail and risk assessment skills.
- Commercially minded with an understanding of portfolio profitability.
- Confident communication and relationship-building skills.
- Ability to manage workloads and prioritise effectively in a fast-paced environment.
- Proactive approach with the confidence to take ownership and make decisions.
- Strong team player with a desire to develop and contribute to business growth.
Real Estate/ Property Underwriter in London employer: Lawes Consulting Group
At Lawes Consulting Group, we pride ourselves on being an excellent employer that values and nurtures talent within a supportive and collaborative environment. As a Property Loss Adjuster based in Glasgow, you will benefit from a strong focus on employee development, a diverse portfolio of claims to manage, and the opportunity to work closely with industry professionals, all while enjoying the vibrant culture of Scotland's largest city.
StudySmarter Expert Advice🤫
We think this is how you could land Real Estate/ Property Underwriter in London
✨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 Lawes Consulting Group). 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 Lawes Consulting Group. 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 Real Estate/ Property Underwriter in London
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 Lawes Consulting Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Lawes Consulting Group. 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 Lawes Consulting Group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Lawes Consulting Group 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 Lawes Consulting Group, 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 Lawes Consulting Group'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.
