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For Companies At a Glance
- Tasks: Underwrite construction and liability business, managing high volumes and achieving personal targets.
- Company: Join a growing company in the heart of London, focused on innovative insurance solutions.
- Benefits: Enjoy competitive salaries, potential remote work options, and opportunities for professional growth.
- Why this job: Be part of a dynamic team, drive business success, and make a real impact in the industry.
- Qualifications: Minimum 3 years experience in construction/liability underwriting; strong relationship-building skills are a plus.
- Other info: Opportunities for both senior and junior roles available, catering to various experience levels.
The predicted salary is between 36000 - 60000 £ per year.
AS PART OF OUR CLIENTS EXPANSION, WE ARE NOW LOOKING FOR 2 CONSTRUCTION UNDERWRITERS, EITHER 1 SENIOR AND 1 JUNIOR, OR 2 MID LEVEL.
PurposeofRole/JobOverview
- Construction/LiabilityUnderwriterwritingwagesandturnoverbusinessonapresentationbasis
- Underwritingahighvolumeofwagesandturnoverbusiness,averagepremiumiscirca£3,000withapotentialtowriteuptoapremiumof£100,000
- Abilitytointerpretpolicy/endorsementwordingsandhaveexperienceinwritingownormodifyingexistingwordings
- Oncetraineditisexpectedthattheindividualwillbeautonomous,workingtoachievepersonalnewbusinesstargets
- Minimumof3yearsexperience within construction/liability
- Determinepolicytermsandcalculatingpremiumsinlinewithbothin-houseauthoritylimitsandinsurerbindingauthorityagreements
- DemonstratingyourcontributiontolossratiocontrolbyeffectivelyadheringtoCompany\’sunderwritingcontrols.
- Topositivelyreinforceanddisplayvaluesandtoactivelydrivethebusinessforwardinachievingitsobjectives.
- Experienceinwritinghighriskandhardtoplacebusinessisdesiredbutnotnecessary
- Existingbrokerrelationshipsthatwouldsupportinthisroleisdesired,butagainnotnecessary
KeyAccountabilities
- Meetingandwherepossible,exceedingbrokersservicelevelsandexpectations.
- Identifiescoverandhazardsthatwillimpactontheacceptance,pricing,ortermsapplicabletoarisk.
- Understandstheimpactofclaimsandriskmanagementontheperformanceofacaseanddemonstratesanabilitytoreviewtakingthesefactorsintoaccount.
- Buildandmaintainstrongrelationshipswithkeytradingpartnerstomaximizeinfluence.
- Supportthedevelopmentandoperationofsalescampaignstodrivetheacquisitionofprofitablebusiness.
OtherActivities,DutiesandResponsibilities
- Maintainanddevelopmarketawareness.
- Maintaingoodworkingrelationshipswithallinternaldepartments.
- Maintainanopencommunicationethoswithcolleaguesandmanagers.
- Demonstrate\”modelbehaviours\”
- Complywithalllegal,regulatory,andcontractualrequirementstoensureobligationsaremet.
- Contributetowiderbusinessactivities.
- Operatewithinindividualunderwritingauthoritiesandguidelines.
Construction Underwriter x2 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 Construction Underwriter x2 in City of London
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in the construction insurance 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 already working in underwriting or construction insurance. Attend industry events or join relevant online forums to build connections that could lead to referrals or insider information about the role.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed risks or contributed to loss ratio control in previous roles. Being able to articulate your experience in this area will set you apart from other candidates.
✨Tip Number 4
Research StudySmarter and our values thoroughly. Understanding our company culture and how you can contribute to our objectives will help you align your answers during the interview, making a strong case for why you're the right fit.
We think you need these skills to ace Construction Underwriter x2 in City of London
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities and requirements of a Construction Underwriter. Familiarise yourself with underwriting processes, especially in construction and liability sectors.
Tailor Your CV: Customise your CV to highlight relevant experience in underwriting, particularly in construction or liability. Emphasise any specific achievements or projects that demonstrate your ability to meet the job's key accountabilities.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and how your skills align with the company's objectives. Mention any existing broker relationships or experience with high-risk business, even if it's not essential.
Proofread Your Application: Before submitting, carefully proofread your application materials for any errors or inconsistencies. A polished application reflects attention to detail, which is crucial in underwriting roles.
How to prepare for a job interview at Massenhove Recruitment Ltd
✨Know Your Underwriting Basics
Make sure you brush up on your underwriting knowledge, especially in construction and liability. Be prepared to discuss how you interpret policy wordings and your experience with writing or modifying them.
✨Demonstrate Relationship-Building Skills
Since building strong relationships with brokers is key, think of examples from your past where you've successfully managed broker relationships. Highlight how you can meet or exceed service levels and expectations.
✨Showcase Your Analytical Skills
Be ready to discuss how you assess risks and determine policy terms. Prepare to explain your approach to calculating premiums and how you consider claims and risk management in your decision-making.
✨Exhibit a Proactive Attitude
Employers are looking for candidates who can drive business forward. Share instances where you've taken initiative in previous roles, whether it was through sales campaigns or improving processes.
