At a Glance
- Tasks: Manage underwriting cases and build strong relationships with brokers.
- Company: Established insurance business with a focus on collaboration and growth.
- Benefits: Competitive salary, professional development, and a supportive team environment.
- Other info: Opportunity for career advancement and continuous learning.
- Why this job: Join a dynamic team and make an impact in the commercial insurance sector.
- Qualifications: 2+ years of underwriting experience and strong negotiation skills.
Lawes Consulting Group are working with a well-established insurance business seeking an experienced Underwriter to join their team in Colchester. This is a great opportunity for a commercially minded underwriter to achieve income and profit objectives through the delivery of efficient case underwriting, working closely with brokers and internal stakeholders to support divisional strategy and financial plan objectives.
RESPONSIBILITIES
- Manage own cases (renewal and/or new business), writing within appetite and underwriting authority.
- Handle referral cases for Underwriters and Apprentices with less experience, adhering to individual authority level.
- Maintain accurate records and documentation of all underwriting decisions.
- Adopt and adhere to company-prescribed processes, best practice and standard work.
- Support QA procedures by conducting case reviews when required, ensuring technical procedures and standards are followed.
- Work towards divisional retention, conversion, rate and loss ratio targets.
- Establish and maintain strong personal relationships with broking partners to enhance the company's standing and presence nationally.
- Display strong negotiation skills to aid conversion and relationships with all key brokers.
- Maintain and enhance personal knowledge of relevant technical topics.
- Work collaboratively with other parts of the organisation, including regional offices.
EXPERIENCE
- Minimum of 2 years' experience in underwriting.
- Experience working in the Commercial Insurance industry.
- Proven track record of successfully developing and maintaining effective trading relationships.
- Experience working across functions and matrix organisations to collaborate and build strong relationships.
- Consistently achieving goals and objectives within a structured, organised and planned manner.
SKILLS
- Strong risk perception and ability to price risk accordingly.
- Effective negotiation skills – flexible and appropriate in approach.
- Confident selling and trading skills.
- Strong organisational skills with operational effectiveness and efficiency.
- Clear and effective communication, both written and verbal.
EDUCATION / QUALIFICATIONS
- Minimum A Level standard preferred.
- Progress towards Cert CII preferred.
Commercial Underwriter in Colchester employer: Lawes Group Recruitment
Lawes Consulting Group is an exceptional employer, offering a dynamic work environment in the heart of Colchester, Maidstone, or Manchester. With a strong focus on employee development and collaboration, we provide our underwriters with the tools and support needed to excel in their roles while fostering meaningful relationships with brokers. Our commitment to a positive work culture, competitive salary, and opportunities for professional growth make us a standout choice for those seeking a rewarding career in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Commercial Underwriter in Colchester
✨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 Group Recruitment). 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 Group Recruitment. 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 Commercial Underwriter in Colchester
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 Group Recruitment.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Lawes Group Recruitment. 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 Group Recruitment
✨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 Group Recruitment 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 Group Recruitment, 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 Group Recruitment'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.
