At a Glance
- Tasks: Underwrite and price UK risks while building strong broker relationships.
- Company: Dynamic Managing General Agents (MGA) with a focus on customer service.
- 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
- Construction / Contractors All Risks
- 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 in City of London employer: Massenhove Recruitment
Join a dynamic team of Underwriters where your expertise will be valued and your career can flourish. With a strong focus on professional development, we offer a collaborative work culture that encourages innovation and flexibility in tailoring client solutions. Located in the heart of the UK, our company provides competitive salaries and a comprehensive benefits package, making it an ideal place for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter x 6 in City of London
✨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. A friendly chat can lead to opportunities that aren't even advertised yet.
✨Tip Number 2
Get social! Use platforms like LinkedIn to showcase your expertise in underwriting. Share insights, engage with industry discussions, and connect with potential employers or brokers who might be looking for someone just like you.
✨Tip Number 3
Prepare for interviews by brushing up on your technical knowledge and understanding of FCA regulations. Be ready to discuss how you've successfully managed risks and built relationships with brokers in your previous roles.
✨Tip Number 4
Don't forget to apply through our website! We have a range of Underwriting positions available, and applying directly can give you an edge. Plus, it shows you're keen and proactive about joining our team!
We think you need these skills to ace Underwriter x 6 in City of London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your underwriting experience, especially in UK risks. We want to see how your skills align with the specific classes of business mentioned in the job description.
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 and how you can contribute to our clients' success. Keep it professional but let your personality show through.
Showcase Your Broker Relationships:If you've got existing broker contacts, make sure to mention them! Building strong relationships is key in this role, so we want to know how you can leverage your network to drive profitable growth.
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
✨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 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 instances where your communication skills made a difference. This will help demonstrate your ability to meet and exceed service levels, which is crucial for this role.
✨Showcase Your Analytical Skills
Be ready to discuss how you've used data and reporting tools in your previous roles. Highlight any experience you have with monitoring performance and identifying trends. This will illustrate your capability to support continuous improvement, a key aspect of the job.
✨Understand Compliance and Regulations
Familiarise yourself with FCA regulations and compliance requirements relevant to underwriting. Be prepared to discuss how you've ensured compliance in your past roles. This will reassure the interviewers that you can make technically sound decisions while adhering to legal obligations.
