At a Glance
- Tasks: Underwrite delegated authority schemes and manage partner referrals with a focus on service excellence.
- Company: Dynamic insurance firm offering a hybrid work environment in Hertfordshire.
- Benefits: Competitive salary, professional development, and flexible working arrangements.
- Other info: Opportunity for career growth and continuous learning in a supportive environment.
- Why this job: Join a team that values innovation and collaboration in the insurance sector.
- Qualifications: Strong underwriting knowledge and excellent communication skills required.
The predicted salary is between 40000 - 50000 £ 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 escalate 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 St Albans employer: Lawes Consulting Group
As a well-established independent Lloyd’s broker located in the heart of London, we pride ourselves on fostering a dynamic and inclusive work culture that prioritises employee growth and development. Our team is dedicated to innovation in risk management, offering competitive salaries and comprehensive benefits, alongside unique opportunities to engage with multinational clients and enhance your expertise in US casualty and financial lines. Join us to be part of a forward-thinking organisation that values your contributions and supports your career aspirations.
StudySmarter Expert Advice🤫
We think this is how you could land Schemes Underwriter in St Albans
✨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 attention to detail.
✨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 St Albans
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Schemes Underwriter role. Highlight your underwriting experience and any relevant qualifications, like Dip CII. We want to see how your skills match 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 the perfect fit for the role. Mention specific experiences that demonstrate your technical knowledge and customer service focus. We love a good story!
Showcase Your Communication Skills:Since this role involves a lot of communication with partners and internal teams, make sure your application reflects your excellent written skills. Clear and concise language will show us you can handle the job's demands.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss out on any important updates. Let’s get your application in!
How to prepare for a job interview at Lawes Consulting Group
✨Know Your Underwriting Inside Out
Make sure you brush up on your technical underwriting knowledge, especially around commercial lines classes of business. Be prepared to discuss specific examples from your experience that demonstrate your understanding of coverage and policy wording considerations.
✨Showcase Your Communication Skills
As a Schemes Underwriter, you'll need to communicate clearly with both internal teams and external partners. Practice explaining complex underwriting concepts in simple terms, as this will show your ability to convey technical information effectively.
✨Demonstrate Your Problem-Solving Mindset
Be ready to share instances where you've tackled challenges in underwriting processes or improved operational efficiency. Highlight your proactive approach and how you’ve contributed ideas that led to better service delivery.
✨Prepare for Scenario Questions
Expect questions that assess your judgement and decision-making skills. Think about past experiences where you had to make tough underwriting decisions and be prepared to explain your thought process and the outcomes.
