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- Tasks: Analyse risks and provide tailored legal indemnity underwriting services to clients.
- Company: Established Coverholder at Lloyd's of London with a strong reputation.
- Benefits: 25 days holiday, increasing to 30, plus bank holidays and professional development.
- Why this job: Join a specialist team and make a real impact in the legal indemnity sector.
- Qualifications: 2-5 years of legal indemnity underwriting experience and strong analytical skills.
- Other info: Dynamic work environment with opportunities for growth and learning.
The predicted salary is between 36000 - 60000 £ per year.
Legal & Contingency (L&C), established in 1992, is a Coverholder at Lloyd's of London. As one of the longest standing legal indemnity providers, we have earned a reputation for offering tailored solutions to the UK residential and commercial property market. Our services include bespoke and online insurance for both standard and complex risks tailored to the needs of solicitors, brokers, developers and lenders. In addition, we deliver specialist real estate insurance that protects financial interests and legal obligations for single-location and multinational portfolios. We also provide Trust & Probate insurance, designed to address issues arising in estate administration and the distribution of trusts, enabling transactions to complete and assets to be released that might otherwise remain inaccessible.
About the role: This is a new underwriting position, joining our existing specialist team, to provide a professional and compliant legal indemnity underwriting service to all clients, current and prospective, with the intention of providing quotations and policies to meet business income and profit targets.
Key accountabilities:
- Conduct a thorough analysis of risks to ensure they are appropriate for the business, by assessing whether the risk is acceptable within the parameters and guidelines agreed with the insurer.
- Determine the level of premium for which to accept the risk on behalf of the insurer to generate income and profit for the company.
- Ensure the acceptability of a risk is always considered in line with company guidelines, procedures and processes.
- Determine correct pricing based on financial and competition analysis, and in line with compliance requirements, providing appropriate and justifiable quotations for risks.
- Act strictly within the personal authority issued by the company from time to time.
- Keep up to date with legal and regulatory changes.
- Keep the necessary stakeholders advised of progress on underwriting of risks as necessary to provide excellent customer service.
- Liaise with clients by email and phone, responding to requests and queries as a matter of priority, with the aim of progressing risks to quotation.
- Strive to continue to develop knowledge, comprehension and application of legal indemnity & related products, property law and conveyancing procedure, insurance law, rules and procedures.
- Ensure cover notes and policies are issued correctly and in a timely manner, in line with company policies and guidelines and in line with service levels expected.
What you will bring:
- 2-5 years Legal Indemnity underwriting experience.
- Good levels of numeracy and literacy, with an attention to detail and accuracy.
- The ability to analyse complex information and draw out relevant facts.
- Good interpersonal skills, flexible to work with a range of styles and personalities according to business demands.
- Effective time management and prioritisation skills.
- Positive "can do" attitude.
25 days holiday, building to 30 days with length of service, plus bank holidays.
Underwriter- Legal Indemnities in London employer: Legal & Contingency
Contact Detail:
Legal & Contingency Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter- Legal Indemnities in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and understanding their products. Tailor your answers to show how your experience aligns with their needs, especially in legal indemnity underwriting.
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or use online resources to get comfortable with common questions. The more you practice, the more confident you'll feel when it counts.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Underwriter- Legal Indemnities in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience that match the Underwriter role. Highlight your legal indemnity underwriting experience and any relevant qualifications to show us you’re the right fit.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re interested in this position and how your background aligns with our needs. Be genuine and let your personality come through!
Showcase Your Attention to Detail: In underwriting, accuracy is key. Make sure your application is free from typos and errors. This not only shows us your attention to detail but also your commitment to professionalism.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Legal & Contingency
✨Know Your Legal Indemnity Inside Out
Make sure you brush up on your knowledge of legal indemnity products and property law. Familiarise yourself with the latest trends and regulations in the industry, as this will show your potential employer that you're genuinely interested and well-prepared for the role.
✨Demonstrate Analytical Skills
Since the role involves assessing risks and determining pricing, be ready to discuss your analytical approach. Prepare examples from your past experience where you've successfully analysed complex information and made informed decisions. This will highlight your suitability for the underwriting position.
✨Showcase Your Interpersonal Skills
As you'll be liaising with clients and stakeholders, it's crucial to demonstrate your interpersonal skills during the interview. Practice how you would handle client queries or difficult situations, showcasing your flexibility and ability to adapt to different personalities.
✨Time Management is Key
Prepare to discuss how you manage your time and prioritise tasks effectively. Think of specific instances where you've juggled multiple responsibilities and met deadlines, as this will illustrate your organisational skills and 'can do' attitude that the company values.