At a Glance
- Tasks: Underwrite and price UK risks while building strong broker relationships.
- Company: Dynamic MGA offering tailored insurance solutions.
- Benefits: Competitive salary, flexible benefits, and opportunities for professional growth.
- Other info: Collaborative environment with a focus on continuous improvement and market awareness.
- Why this job: Join a team that sets the benchmark for customer service in the insurance industry.
- 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, Commercial Property (UK), Property Owners, and HNW Liability.
Working for an MGA, you will be able to offer clients flexible products allowing you to tailor clients' 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 a flexible benefits package.
Please contact us to discuss.
Underwriter x 6 in Essex employer: Massenhove Recruitment Ltd
As an Underwriter with us, you will thrive in a dynamic environment that prioritises professional growth and collaboration. Our commitment to flexible products and exceptional customer service sets us apart, while our supportive work culture fosters strong relationships with brokers and internal teams alike. With competitive salaries and a comprehensive benefits package, we ensure that our employees feel valued and empowered to excel in their roles.
Contact Details:
Massenhove Recruitment Ltd Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter x 6 in Essex
✨Tip Number 1
Network like a pro! Reach out to your existing contacts in the industry and let them know you're on the lookout for Underwriter roles. Attend industry events or webinars to meet new people and make connections that could lead to job opportunities.
✨Tip Number 2
Be proactive! Don’t just wait for job postings to pop up. Research companies you’re interested in, and reach out directly to express your interest. You never know when a position might open up, and showing initiative can really set you apart.
✨Tip Number 3
Prepare for interviews by brushing up on your technical knowledge and understanding of the market. Be ready to discuss how you can contribute to profitable growth and maintain strong broker relationships, as these are key in the Underwriting world.
✨Tip Number 4
Apply through our website! We’ve got a range of Underwriter positions available, and applying directly can give you an edge. Plus, it’s super easy to navigate and keeps everything in one place for us to review your application quickly.
We think you need these skills to ace Underwriter x 6 in Essex
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 Communication Skills:Since you'll be representing our clients' brand, it's crucial to demonstrate your professional communication skills in your application. Make sure your writing is clear, concise, and free of errors.
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’re considered for the role. Plus, it shows you’re keen on joining our team!
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 regarding UK risks. Understand the key classes of business mentioned in the job description, like Commercial Combined and HNW Liability. This will show that you're not just familiar with the role but also genuinely interested in the specifics.
✨Build Broker Relationship Scenarios
Prepare examples of how you've built and maintained strong relationships with brokers in the past. Think about specific situations where you exceeded service levels or handled broker enquiries effectively. This will demonstrate your ability to contribute positively to the company's goals.
✨Showcase Your Analytical Skills
Be ready to discuss how you use data and reporting tools to monitor performance and identify trends. Bring examples of how your analytical skills have led to successful underwriting decisions or improvements in processes. This will highlight your capability to drive profitable growth.
✨Understand Compliance and Regulations
Familiarise yourself with FCA regulations and compliance requirements relevant to underwriting. Be prepared to discuss how you ensure your underwriting decisions are compliant and technically sound. This shows that you take your responsibilities seriously and understand the importance of regulatory adherence.
