At a Glance
- Tasks: Join our team to manage underwriting activities and build strong broker relationships.
- Company: Victor, a dynamic company with a focus on professional development and inclusivity.
- Benefits: Flexible hybrid working, competitive salary, and opportunities for career growth.
- Other info: Supportive culture with a commitment to diversity and inclusion.
- Why this job: Make a real impact in the insurance industry while developing your skills.
- Qualifications: 2+ years in financial lines underwriting and knowledge of Professional Indemnity insurance.
The predicted salary is between 50000 - 60000 £ per year.
We are seeking an experienced Professional Indemnity Underwriter to join the Underwriting team at Victor. This role can be based in either Bristol, Leeds, Witham or London office. There is an expectation to be in the Bristol office once per month with the wider team; however, the remaining time is flexible on hybrid working.
As an experienced Underwriter, you will carry out a wide range of underwriting activities relating to authorised products. The role will be involved in executing the company strategy and materially contributing to the achievement of our financial plans. You'll be at the forefront of executing our company strategy, playing a pivotal role in achieving our financial goals while delivering exceptional customer service. Your expertise will shine as you manage and forge strong relationships with our brokers, ensuring they receive top‐notch service and support.
We will rely on you to:
- Contribute to and implement the underwriting strategy for all products, working within our established risk appetite.
- Directly contribute towards financial KPI's, including balancing the achievement of revenue without any 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.
What you need to have:
- 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:
- Progress towards a CII qualification or equivalent experience is a plus.
- 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.
Why join our team:
- We help you be your best through professional development opportunities, interesting work and supportive leaders.
- We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
- Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well‐being.
- We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at reasonableaccommodations@mmc.com.
Professional Indemnity Underwriter in West Bromwich employer: Marsh
At Victor, we pride ourselves on being an excellent employer, offering a vibrant and inclusive work culture that encourages professional development and collaboration. With flexible hybrid working arrangements and the opportunity to engage with talented colleagues across our Bristol, Leeds, Witham, and London offices, you will find a supportive environment that values your contributions and fosters growth. Our commitment to employee well-being is reflected in our comprehensive benefits package, ensuring that you can thrive both personally and professionally while making a meaningful impact in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Professional Indemnity Underwriter in West Bromwich
✨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). 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. 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 in West Bromwich
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.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Marsh. 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
✨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 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, 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'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.
