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 of 2 years 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 employer: Massenhove Recruitment
As an employer, we pride ourselves on fostering a dynamic and supportive work environment that encourages professional growth and development. Our commitment to flexible working arrangements and competitive benefits ensures that our Underwriters can thrive both personally and professionally, while our collaborative culture promotes strong relationships with colleagues and brokers alike. Join us in setting the benchmark for customer service in the industry, where your contributions will be valued and recognised.
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. A personal recommendation can go a long way in landing that dream job.
✨Tip Number 2
Get social! Use platforms like LinkedIn to connect with professionals in the MGA space. Engage with their posts, share relevant content, and don’t be shy to slide into DMs to express your interest in opportunities.
✨Tip Number 3
Prepare for interviews by brushing up on your technical knowledge and understanding of the UK market. Be ready to discuss how you can contribute to profitable growth and maintain strong broker relationships.
✨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 shows you’re genuinely interested in joining our team!
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 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 passionate about underwriting and how you can contribute to our clients' success. Mention your ability to build strong broker relationships and your understanding of FCA regulations.
Showcase Your Achievements:Don’t just list your responsibilities; showcase your achievements in previous roles. Whether it’s driving profitable growth or exceeding service levels, we want to see how you’ve made a difference in your past positions.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
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 help you answer questions confidently and show that you're well-prepared.
✨Showcase Your Broker Relationship Skills
Since building strong broker relationships is crucial for this role, think of examples from your past experience where you've successfully managed broker interactions. Be ready to discuss how you can leverage existing contacts and what strategies you would use to maintain those relationships.
✨Demonstrate Compliance Knowledge
Familiarise yourself with FCA regulations and how they impact underwriting decisions. Be prepared to discuss how you ensure compliance in your work and how it affects risk assessment and pricing. This shows that you take regulatory requirements seriously.
✨Prepare for Scenario Questions
Expect scenario-based questions that test your decision-making skills in underwriting. Think about how you would handle specific risks or broker enquiries. Practising these scenarios can help you articulate your thought process clearly during the interview.
