At a Glance
- Tasks: Underwrite delegated authority schemes and manage partner referrals with a focus on service excellence.
- Company: Dynamic insurance firm in Hertfordshire offering hybrid work options.
- Benefits: Competitive salary, professional development, and flexible working arrangements.
- Why this job: Join a team that values innovation and collaboration in the insurance sector.
- Qualifications: Strong underwriting knowledge and excellent communication skills required.
- Other info: Opportunity for career growth and continuous learning in a supportive environment.
The predicted salary is between 34000 - 46000 £ per year.
Our client is seeking a Delegated Authority Scheme Underwriter to support the performance and delivery of delegated underwriting schemes across their portfolio. This role will focus on underwriting scheme business, managing partner referrals and ensuring technically sound and commercially pragmatic underwriting decisions are made. The successful candidate will work closely with internal teams and external partners to ensure high service standards, strong underwriting discipline and efficient business processes.
RESPONSIBILITIES
- Underwrite delegated authority scheme business in line with underwriting appetite and company guidelines.
- Act as the first point of contact for allocated scheme partners, managing referrals and providing technical support where required.
- Make technically sound and commercially astute underwriting decisions.
- Support the ongoing performance and development of delegated underwriting schemes.
- Ensure underwriting decisions align with internal governance, regulatory requirements and customer outcome expectations.
- Maintain strong service standards and provide excellent support to scheme partners.
- Contribute ideas and initiatives to improve underwriting processes and operational efficiency.
- Support the optimisation of internal business processes to enhance delivery and service.
- Carry out any additional duties required by the business.
DAY TO DAY
- Review and assess scheme submissions and referrals in line with agreed underwriting guidelines.
- Provide technical guidance and support to scheme partners and internal colleagues.
- Maintain accurate underwriting records and documentation across relevant systems.
- Work collaboratively with internal teams to ensure smooth operational delivery.
- Monitor scheme performance and escape issues where appropriate.
- Communicate clearly with stakeholders to ensure efficient handling of referrals and underwriting decisions.
- Support the continuous improvement of underwriting processes and service delivery.
EXPERIENCE
- Strong technical underwriting knowledge of commercial lines classes of business.
- Good understanding of coverage and policy wording considerations.
- Experience working with underwriting systems and applications.
- Strong organisational skills with the ability to prioritise workloads effectively.
- Excellent written and verbal communication skills.
- Ability to work collaboratively with colleagues and stakeholders across the business.
- A proactive and solutions-focused mindset with strong attention to detail.
SKILLS
- Strong underwriting judgement and commercial awareness.
- Excellent organisational and time management skills.
- Ability to communicate technical information clearly to different stakeholders.
- Analytical and problem-solving capability.
- Strong customer service focus.
- Good working knowledge of Microsoft Excel and other Microsoft Office applications.
- Understanding of underwriting processes and operational efficiency.
EDUCATION / QUALIFICATIONS
- Insurance qualifications such as Dip CII or working towards are desirable.
- A-level education or equivalent preferred.
- Knowledge of delegated authority underwriting practices would be advantageous.
- Commitment to ongoing professional development within the insurance market.
Schemes Underwriter in London employer: Lawes Consulting Group
Contact Detail:
Lawes Consulting Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Schemes Underwriter in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work in underwriting. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge. Make sure you can discuss underwriting principles and your experience with commercial lines confidently. We want you to shine!
✨Tip Number 3
Showcase your problem-solving skills during interviews. Be ready to share examples of how you've tackled challenges in previous roles. This will demonstrate your proactive mindset and strong underwriting judgement.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are keen to join us directly.
We think you need these skills to ace Schemes Underwriter in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Schemes Underwriter role. Highlight your relevant experience in underwriting and any specific skills that match the job description. We want to see how you can bring value to our team!
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 aligns with our needs. Keep it concise but impactful – we love a good story!
Showcase Your Technical Skills: Since this role requires strong technical underwriting knowledge, make sure to showcase your expertise in commercial lines and any relevant qualifications. We’re keen to see how you can apply your skills to support our underwriting processes.
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 Lawes Consulting Group
✨Know Your Underwriting Stuff
Make sure you brush up on your technical underwriting knowledge, especially around commercial lines classes of business. Be ready to discuss specific examples from your past experience where you've made sound underwriting decisions.
✨Show Off Your Communication Skills
Since you'll be the first point of contact for scheme partners, practice explaining complex technical information in a clear and concise manner. Think about how you can demonstrate your ability to communicate effectively with different stakeholders during the interview.
✨Be Proactive and Solutions-Focused
Prepare to share instances where you've identified issues and implemented solutions in your previous roles. This will showcase your proactive mindset and problem-solving capabilities, which are crucial for this position.
✨Understand the Company’s Goals
Research the company’s underwriting appetite and guidelines. Being able to align your answers with their goals and demonstrate how you can contribute to improving processes and service delivery will set you apart from other candidates.