At a Glance
- Tasks: Manage underwriting activities and contribute to financial goals while ensuring exceptional customer service.
- Company: Dynamic insurance firm focused on professional indemnity with a collaborative culture.
- Benefits: Career growth opportunities, competitive rewards, and a supportive work environment.
- Other info: Build strong relationships and thrive in a diverse, dynamic workplace.
- Why this job: Join a fast-paced team and make a real impact in the insurance industry.
- Qualifications: 2+ years in financial lines underwriting and knowledge of professional indemnity market.
The predicted salary is between 45000 - 55000 £ per year.
As an experienced Underwriter, you will carry out a wide range of underwriting activities relating to authorised products. You will play a pivotal role in achieving our financial goals while delivering exceptional customer service.
Responsibilities
- Contribute to and implement the underwriting strategy for all products, working within our established risk appetite.
- Directly contribute towards financial KPIs, balancing the achievement of revenue without detriment to underwriting profitability.
- Deliver Victor service levels on all authorised products.
- Have significant awareness of and ensure adherence to all regulatory requirements, guidelines and working practices – both internally and externally.
- Spot distribution trends and report back on broker behaviours.
- Manage quality first and underwriting peer review requirements to identify areas for underwriting and product improvement.
- Act within underwriting authority.
- Have an in-depth knowledge of relevant class/product specialisms.
- Keep pace with market trends and developments for authorised industry segments.
- Build strong relationships with broking and capacity partners.
- Build strong relationships with internal stakeholders.
Qualifications
- Good understanding of the Professional Indemnity insurance market.
- At least 2 years financial lines underwriting experience.
- Have held underwriting authority for chosen class of business previously.
- Knowledge of the in-scope product and trade range.
- Experience of working in teams and a successful record of delivering results.
- Progress towards CII qualification desirable or equivalent experience.
What Makes You Stand Out
- Financial Lines Underwriting Experience.
- Progress towards a CII qualification or equivalent experience.
- The ability to handle a diverse workload with accuracy and efficiency.
- Resilience and enthusiasm to thrive in a fast-paced environment while eager to learn.
Benefits
Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.
Professional Indemnity Underwriter employer: MARSH LLC.
As a Professional Indemnity Underwriter with us, you will thrive in a dynamic work environment that prioritises employee growth and well-being. Our commitment to exceptional customer service is matched by our dedication to your professional development, offering a range of career opportunities and benefits that enhance your overall experience. Join a team where your contributions directly impact our financial success while fostering strong relationships within the industry.
StudySmarter Expert Advice🤫
We think this is how you could land Professional Indemnity Underwriter
✨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 MARSH LLC.). 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 MARSH LLC.. 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 Professional Indemnity Underwriter
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 MARSH LLC..
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at MARSH LLC.. 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 MARSH LLC.
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at MARSH LLC. 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 MARSH LLC., 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 MARSH LLC.'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.
