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 with UK risks.
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 / 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 employer: Massenhove Recruitment Ltd
As an employer, we pride ourselves on fostering a dynamic and supportive work culture that prioritises employee growth and development. Our team of Underwriters enjoys competitive salaries, a flexible benefits package, and the opportunity to work closely with leading Managing General Agents, ensuring a rewarding career path in the heart of the UK insurance market.
Contact Details:
Massenhove Recruitment Ltd Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter x 6
✨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 Underwriting roles. Attend industry events or webinars to meet new people and expand your connections.
✨Tip Number 2
Showcase your expertise! When you get the chance to chat with potential employers, be ready to discuss your experience with UK risks and how you've successfully managed underwriting decisions in the past.
✨Tip Number 3
Be proactive! Don’t just wait for job openings to pop up. Reach out directly to MGAs and express your interest in working with them. You never know when an opportunity might arise!
✨Tip Number 4
Apply through our website! We’ve got a range of Underwriter positions available, and applying directly can give you a better chance of standing out. Plus, it’s super easy to do!
We think you need these skills to ace Underwriter x 6
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 experience with broker relationships and how you can contribute to our clients' success.
Showcase Your Technical Skills:We want to see your understanding of underwriting guidelines and FCA regulations. Be sure to mention any data tools or reporting methods you’ve used to monitor performance and support continuous improvement.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. We can’t wait to hear from you!
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 Liability. This will help you answer technical questions confidently.
✨Showcase Your Broker Relationship Skills
Since building strong broker relationships is crucial, prepare examples from your past experiences where you've successfully managed broker interactions. Highlight how you’ve exceeded service levels or resolved issues to demonstrate your ability to maintain those vital connections.
✨Understand Compliance and Regulations
Familiarise yourself with FCA regulations and how they impact underwriting decisions. Be ready to discuss how you ensure compliance in your work, as this is a key aspect of the role that employers will be keen to hear about.
✨Prepare for Data-Driven Discussions
As the role involves using data and reporting tools, think of instances where you've used data to monitor performance or identify trends. Be prepared to discuss how you can leverage data to support continuous improvement in underwriting practices.
