Assistant Underwriter in London

Assistant Underwriter in London

London Full-Time 54000 - 66000 £ / year (est.) Hybrid
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At a Glance

  • Tasks: Assist in underwriting new and renewal excess casualty business while collaborating with a dynamic team.
  • Company: Join Markel, a Fortune 500 company with a global community of optimists and problem-solvers.
  • Benefits: Enjoy a competitive salary, annual bonus, and a strong benefits package including 25 days holiday.
  • Other info: Flexible working patterns available; we celebrate diversity and inclusivity in our workforce.
  • Why this job: Make a meaningful difference and develop your career in a supportive environment.
  • Qualifications: Background in insurance or broking is beneficial; strong communication and analytical skills are essential.

The predicted salary is between 54000 - 66000 £ per year.

Come and work in our Excess Casualty team in the London office here at Markel as an Assistant Underwriter! What part will you play? If you’re looking for a place where you can make a meaningful difference, you’ve found it. The work we do at Markel gives people the confidence to move forward and seize opportunities, and you’ll find your fit amongst our global community of optimists and problem-solvers. We’re always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs. Join us and play your part in something special!

The opportunity: The Assistant Underwriter role is based in London and sits within the wider Risk Management Excess Casualty division, which operates from Bermuda, Dublin and London. The primary purpose of this position is to assist the Risk Managed Excess Casualty team with the underwriting of new and renewal US domiciled excess casualty business, which is placed on the London market. This position will report to the Senior Director.

What you’ll be doing:

  • Clear and set up renewal and new submission files on Markel systems
  • As required, review excess casualty underwriting submissions for accuracy and completeness
  • As required, use company underwriting and pricing tools to assist underwriters when pricing and quoting, in accordance with established company guidelines.
  • Ensure accuracy of information inputted into all appropriate systems each month
  • Work with underwriters to complete files to audit standard
  • Serve as a point of contact for brokers by assembling information on behalf of the underwriters, answering and resolving low complexity issues, facilitating overall servicing of accounts.
  • Travel to and attend broker and client meetings, dinners and events as required
  • Build and maintain strong relationships with brokers and clients
  • Build strong relationships with employees across the US and International platforms
  • Participate in special projects and other duties as assigned to ensure efficient operation of the team, broker needs are met, and business results are achieved.
  • Generally assist underwriters in the day-to-day management of the excess casualty portfolio

Our must-haves:

  • Background in insurance, broking and/or casualty underwriting support would be beneficial;
  • Experience with industry accepted casualty policy forms and endorsement wordings would be beneficial;
  • Strong interpersonal skills, the ability to communicate effectively, and excellent negotiation skills;
  • Strong analytical and organizational skills and excellent problem solving/decision making abilities;
  • Must be a team player and able to work independently as needed.

What’s in it for you?

  • A great starting salary plus annual bonus & strong benefits package… 25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leave
  • Fantastic company pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, season ticket loan as well as other great benefits on offer
  • There are countless opportunities to learn new skills and develop in your career and we can provide the support needed to do just that!

Are you ready to play your part? Choose ‘Apply Now’ to fill out our short application, so that we can find out more about you.

Markel celebrates the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background, if you feel you meet the requirements of this role then we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns. We are an equal opportunity employer and value diversity at our company.

Assistant Underwriter in London employer: Markel

Markel is an exceptional employer that prioritises employee well-being and professional growth, offering a competitive starting salary of £28,000 along with monthly bonuses and comprehensive benefits. Located in the vibrant city centre of Manchester, our supportive team environment fosters collaboration and success, making it an ideal place for those seeking a rewarding career in insurance sales without the hassle of late shifts.

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Contact Details:

Markel Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Assistant 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 Markel). 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 Markel. 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 Assistant Underwriter in London

Insurance Knowledge
Casualty Underwriting Support
Analytical Skills
Organisational Skills
Problem-Solving Skills
Interpersonal Skills
Effective Communication

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 Markel.

Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Markel. 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 Markel

✨Know Your Numbers: Insurance Fundamentals

Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Markel 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 Markel, 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 Markel'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.