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 underwriting experience in UK risks 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 Southminster 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 Southminster
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, especially brokers. Attend events, join online forums, and don’t be shy to reach out on LinkedIn. Building those relationships can really set you apart.
✨Tip Number 2
Show off your skills! When you get the chance to chat with potential employers, highlight your underwriting experience and how you’ve successfully managed risks in the past. Be ready to share specific examples that demonstrate your expertise.
✨Tip Number 3
Stay updated on market trends! Knowing what’s happening in the insurance world can give you an edge. Use this knowledge to engage in conversations during interviews and show that you’re proactive about your professional development.
✨Tip Number 4
Apply through our website! We’ve got some fantastic opportunities for Underwriters at various levels. By applying directly, you’ll ensure your application gets the attention it deserves, and you might just land that dream job!
We think you need these skills to ace Underwriter x 6 in Southminster
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experience that match the Underwriter role. Highlight your underwriting experience, especially with UK risks, and any relevant classes of business you've worked on.
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. Use clear and concise language, and make sure there are no typos or 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 don’t miss out on any important updates during the process!
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 principles of pricing and risk assessment, as well as the specific classes of business mentioned in the job description. This will show that you're not just familiar with the role but also genuinely interested in it.
✨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 reputation and client satisfaction.
✨Showcase Your Compliance Knowledge
Familiarise yourself with FCA regulations and compliance requirements relevant to underwriting. Be ready to discuss how you ensure your underwriting decisions are compliant and technically sound. This will highlight your attention to detail and commitment to maintaining high standards.
✨Data-Driven Decision Making
Be prepared to talk about how you've used data and reporting tools in your previous roles. Discuss any trends you've identified and how they influenced your underwriting decisions. This will illustrate your analytical skills and your ability to support continuous improvement within the team.
