At a Glance
- Tasks: Underwrite and price UK risks while building strong broker relationships.
- Company: Join a leading MGA known for flexible products and exceptional customer service.
- Benefits: Competitive salary, flexible benefits, and opportunities for professional growth.
- Other info: Dynamic work environment with a focus on collaboration and continuous improvement.
- Why this job: Make a real impact in the insurance industry with innovative underwriting solutions.
- Qualifications: Minimum 2 years of UK underwriting experience required.
The predicted salary is between 40000 - 50000 £ per year.
On behalf of several Managing General Agents (MGA), we are looking for Underwriters from Senior to Assistant Underwriter level, for the following classes of business:
- Commercial Combined
- Construction / Contractors All Risks
- Commercial Property (UK) / Property Owners / HNW
- Liability
Working for an MGA, you will be able to offer clients flexible products allowing you to tailor client needs, ensuring a seamless experience that sets the benchmark for customer service in the industry.
Purpose of Role/Job Overview:
- Underwrite and price UK risks in line with underwriting guidelines, appetite, and delegated authority.
- Drive profitable growth through accurate underwriting of new business, renewals, and mid-term adjustments.
- Respond to broker enquiries received direct or via online quote platforms, email, and direct submissions.
- Build and maintain strong broker relationships across UK markets, with existing broker contacts considered highly advantageous.
- Ensure underwriting decisions are technically sound, compliant with FCA regulations, and meet service level expectations.
- Contribute to product development and refinement based on broker feedback, market trends, and risk appetite.
- Collaborate with internal teams including operations, compliance, and sales to ensure smooth policy lifecycle management.
- Use data and reporting tools to monitor performance, identify trends, and support continuous improvement.
- Represent our clients' brand positively through professional communication and a strong service.
Key Accountabilities:
- Meeting and where possible, exceeding brokers service levels and expectations.
- Identifies cover and hazards that will impact on the acceptance, pricing, or terms applicable to a risk.
- Understands the impact of claims and risk management on the performance of a case and demonstrates an ability to review taking these factors into account.
- Build and maintain strong relationships with key trading partners to maximize influence.
- Support the development and operation of sales campaigns to drive the acquisition of profitable business.
Other Activities, Duties and Responsibilities:
- Maintain and develop market awareness.
- Maintain good working relationships with all internal departments.
- Maintain an open communication ethos with colleagues and managers.
- Demonstrate model behaviours.
- Comply with all legal, regulatory, and contractual requirements to ensure obligations are met.
- Contribute to wider business activities.
- Operate within individual underwriting authorities and guidelines.
Applicants should possess a minimum of 2 years Underwriting experience of UK risks. All our clients offer competitive salaries and flexible benefits package. Please contact us to discuss.
Underwriter Positions at Various Levels. Job in London LilyLifestyle Jobs employer: Massenhove Recruitment Limited
At our company, we pride ourselves on being an exceptional employer, offering a dynamic work environment in the heart of London. With a strong focus on employee growth and development, we provide tailored training opportunities and a flexible benefits package that caters to individual needs. Our collaborative culture fosters innovation and encourages strong relationships with brokers, ensuring that every team member plays a vital role in delivering outstanding service and driving success.
Contact Details:
Massenhove Recruitment Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter Positions at Various Levels. Job in London LilyLifestyle Jobs
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, especially those in underwriting. Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge and understanding of the market. We recommend practising common underwriting scenarios and questions. Show them you’re not just a candidate, but the right fit for their team!
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. We suggest mentioning something specific from your conversation to show you were engaged and interested.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities waiting for you, and applying directly can sometimes give you an edge. Plus, we’re here to help you every step of the way!
We think you need these skills to ace Underwriter Positions at Various Levels. Job in London LilyLifestyle Jobs
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the specific skills and experiences that match the Underwriter role. Highlight your underwriting experience, especially with UK risks, and any relevant classes of business you've worked with.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the role. Mention your understanding of the underwriting process and how you can contribute to building strong broker relationships.
Showcase Your Technical Skills:Don’t forget to mention your familiarity with FCA regulations and your ability to use data and reporting tools. These are key in ensuring your underwriting decisions are sound and compliant.
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 don’t miss out on any important updates during the process!
How to prepare for a job interview at Massenhove Recruitment Limited
✨Know Your Underwriting Basics
Make sure you brush up on the fundamentals of underwriting, especially in the UK market. Understand the specific classes of business mentioned in the job description, like Commercial Combined and Contractors All Risks. This knowledge will help you answer technical questions confidently.
✨Showcase Your Relationship-Building Skills
Since building strong broker relationships is key, think of examples from your past experience where you've successfully managed client relationships. Be ready to discuss how you can leverage existing contacts or how you plan to establish new ones.
✨Demonstrate Compliance Knowledge
Familiarise yourself with FCA regulations and how they impact underwriting decisions. Be prepared to discuss how you ensure compliance in your work and how it affects risk assessment and pricing.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that test your decision-making skills. Think about how you would handle various underwriting situations, such as assessing risks or responding to broker enquiries. Practising these scenarios can help you articulate your thought process clearly during the interview.
