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- Tasks: Underwrite commercial insurance, manage high volumes of enquiries, and achieve personal targets.
- Company: Join a dynamic team in the heart of London, committed to diversity and innovation.
- Benefits: Enjoy competitive pay, flexible working options, and opportunities for professional growth.
- Why this job: Be part of a fast-paced environment where your contributions directly impact business success.
- Qualifications: Minimum 3 years of commercial underwriting experience; Cert CII preferred but not essential.
- Other info: Open to diverse talent; we value equality and respect in our hiring process.
The predicted salary is between 43200 - 72000 £ per year.
CommercialUnderwriter
PurposeofRole/JobOverview:
CommercialCombined/SMEUnderwriterbusinessonapresentationbasis
UnderwritingahighvolumeofCommericalCombined/SMEenquiries,averagepremiumiscirca£3,000withapotentialtowriteuptoapremiumof£100,000.
AsaCommercialUnderwriter,youwillpossesstheabilitytointerpretpolicy/endorsementwordingsandhaveexperienceinwritingownormodifyingexistingwordings.
OncetraineditisexpectedthatthepositionofCommercialUnderwriterwillbefairlyautonomous,workingtoachievepersonalunderwritingtargets.
CommercialUnderwriterRequirements:
MusthaveaMinimumof3yearsCommercialUndewritingexperience.
PreferableCertCIIorpartqualified.
AsaCommecialUnderwriter,youmusthaveexperienceofdeterminingpolicytermsandcalculatepremiumsinlinewithbothin-houseauthoritylimitsandinsurerbindingauthorityagreements.
DemonstrateyourcontributiontolossratiocontrolbyeffectivelyadheringtoCompany\’sunderwritingcontrols.
Topositivelyreinforceanddisplaycompanyvaluesandtoactivelydrivethebusinessforwardinachievingitsobjectives.
Experienceinwritinghighriskandhardtoplacebusinessisdesiredbutnotnecessary.
Existingbrokerrelationshipsthatwouldsupportinthisroleisdesired,butagainnotnecessary.
CommercialUnderwriterKeyAccountabilities
Meetingandwherepossible,exceedingbrokersservicelevelsandexpectations.
Identifiescoverandhazardsthatwillimpactontheacceptance,pricing,ortermsapplicabletoarisk.
Understandstheimpactofclaimsandriskmanagementontheperformanceofacaseanddemonstratesanabilitytoreviewtakingthesefactorsintoaccount.
Buildandmaintainstrongrelationshipswithkeytradingpartnerstomaximizeinfluence.
Supportthedevelopmentandoperationofsalescampaignstodrivetheacquisitionofprofitablebusiness.
OtherActivities,DutiesandResponsibilitiesforCommerical/SMEUnderwriter:
Maintainanddevelopmarketawareness.
Maintaingoodworkingrelationshipswithallinternaldepartments.
Maintainanopencommunicationethoswithcolleaguesandmanagers.
Demonstrate\”modelbehaviours\”
Complywithalllegal,regulatory,andcontractualrequirementstoensureobligationsaremet.
Contributetowiderbusinessactivities.
Operatewithinindividualunderwritingauthoritiesandguidelines.
Alongwithourclient,wearecommittedtoadiverseworkforceandassuchrecruitfromawideavailablepooloftalent,withthehiring,assessmentandselectionprocessbeingfair,freefrombiasandonewhichensurestherightpersonisselectedforthejob,basedonmerit.Wetreatcolleagues,candidates,clients,andbusinesspartnerswithequality,fairnessandrespect,regardlessoftheirage,disability,race,religionorbelief,gender,sexualorientation,maritalstatusorfamilycircumstances.
AcopyofourD&Ipolicycanbemadeavailableuponrequest.
Commercial Underwriter in City of London employer: Massenhove Recruitment Ltd
Contact Detail:
Massenhove Recruitment Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Underwriter in City of London
✨Tip Number 1
Familiarise yourself with the latest trends in commercial underwriting, especially in the SME sector. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly evolving industry.
✨Tip Number 2
Network with professionals in the insurance industry, particularly those who work as underwriters or brokers. Building relationships can provide you with valuable insights and potentially lead to referrals for the position at StudySmarter.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed risk and pricing in previous roles. Being able to articulate your experience with high-risk cases or complex policy terms will set you apart from other candidates.
✨Tip Number 4
Showcase your ability to work autonomously by sharing instances where you've successfully met or exceeded targets without direct supervision. This will align well with the expectations of the Commercial Underwriter role at StudySmarter.
We think you need these skills to ace Commercial Underwriter in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in commercial underwriting. Focus on your ability to interpret policy wordings and any specific achievements that demonstrate your underwriting skills.
Craft a Strong Cover Letter: Write a cover letter that addresses the key responsibilities and requirements mentioned in the job description. Emphasise your experience with high-risk business and your understanding of claims and risk management.
Showcase Your Relationships: If you have existing broker relationships, mention them in your application. This can set you apart from other candidates and show your potential to contribute to the company's objectives.
Highlight Compliance Knowledge: Demonstrate your understanding of legal, regulatory, and contractual requirements in your application. Mention any experience you have in adhering to underwriting controls and how it has positively impacted your previous roles.
How to prepare for a job interview at Massenhove Recruitment Ltd
✨Know Your Underwriting Basics
Brush up on your knowledge of commercial underwriting principles, especially regarding policy terms and premium calculations. Be prepared to discuss how you interpret policy wordings and any experience you have in modifying them.
✨Demonstrate Relationship Building Skills
Highlight your ability to build and maintain strong relationships with brokers and trading partners. Share examples of how you've exceeded service levels or expectations in previous roles.
✨Showcase Your Analytical Skills
Be ready to discuss how you assess risks and determine coverages. Prepare to explain how you consider claims history and risk management in your decision-making process.
✨Align with Company Values
Familiarise yourself with the company's values and culture. During the interview, demonstrate how your personal values align with theirs and how you can contribute to driving the business forward.
