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For Companies At a Glance
- Tasks: Manage profitability and income for accounts, collaborating with brokers and stakeholders.
- Company: Join a dynamic team in Bolton focused on commercial insurance and growth.
- Benefits: Enjoy hybrid working, competitive salary, bonuses, and generous holiday leave.
- Why this job: Empower your career with development opportunities and a supportive culture.
- Qualifications: Experience in commercial underwriting and strong analytical skills required.
- Other info: Must be eligible to work in the UK; credit and DBS checks apply.
The predicted salary is between 30000 - 42000 £ per year.
Job Description
Commercial Underwriter
£35,000-£50,000 DOE
Monday-Friday 9am-5pm
Bolton
Are you currently working as a Commercial Underwriter?
Are you looking for better progression & development opportunities?
As a Commercial Underwriter you’ll play a critical role in managing the profitability and income of the branch, owning the financial results for designated accounts and brokers. The role demands a high level of influence on the Underwriting team, increasing the ability to collaborate with a range of stakeholders and developing the technical and trading capability of the branch.
What you’ll be doing:
You’ll help drive and transform how we partner our broker portfolios, through responsive, flexible, and collaborative relationships. With a strong balance of technical and trading capability, you’ll be empowered to make decisions, supported by data, insight, and decision support tools on mobile technology to succeed. You’ll be focused on developing and delivering profitable growth, across new business within the key markets.
What you’ll bring:
- Keen to learn and challenge the status quo, able to approach tasks from different perspectives while focusing on helping colleagues and customers.
- You’ll be perceptive of what our customers and the market want, and bring that knowledge into your work, whilst making the most of our development opportunities.
- Able to use your unique skills and knowledge to collaborate with your colleagues, take accountability and discover new ways of doing things.
- Technical underwriting expertise in a P&C Commercial insurance environment.
- Sound understanding of insurance market and processes across P&C Commercial lines insurance operations.
- Excellent interpersonal skills, through written and verbal communication skills.
- Proven experience in decision making on a wide range of technical underwriting scenarios within a Commercial environment.
- Coaching and development skills within in a similar environment and experience of working in teams and successful record of delivering results.
- Strong trading capability – commercial awareness, negotiation skills, ability to build strong broker relationships.
- Pragmatic decision maker with good analytical and numerical reasoning skills.
- Strong analytical skills with proven experience of account monitoring and action planning.
- Excellent risk assessment and risk management skills.
- Progress towards Dip CII qualification desirable or equivalent experience.
- Ability to champion the change agenda, utilising your resilience skills to identify continuous improvement and drive change through to resolution.
What we offer:
- Competitive annual salary
- Annual company & performance-based bonus
- Hybrid working
- Excellent pension plan above 10%+
- Life Assurance
- 33 days holiday
- Up to 21 hours volunteering leave per year
- Opportunity to buy up to 5 extra days leave or sell up to 5 days leave
- AXA employee discounts
- Private heath cover
- Wellbeing services & resources
- Qualification funding / training courses
As a precondition of employment for this role, you must be eligible and authorised to work in the United Kingdom. Also, a credit check and DBS check will be required.
CLICK APPLY to find out more.
Commercial Underwriter employer: MPJ Recruitment Ltd
Contact Detail:
MPJ Recruitment Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in the P&C Commercial insurance market. Understanding current challenges and opportunities will help you engage in meaningful conversations during interviews and demonstrate your proactive approach.
✨Tip Number 2
Network with professionals in the underwriting field, especially those who work in commercial lines. Attend industry events or join relevant online forums to build connections that could lead to referrals or insider information about the role.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed broker relationships and driven profitable growth in previous roles. Highlighting your achievements will showcase your capability and fit for the position.
✨Tip Number 4
Research StudySmarter's company culture and values. Tailoring your conversation to align with our mission and demonstrating how you can contribute to our goals will make a strong impression during the interview process.
We think you need these skills to ace Commercial Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in commercial underwriting. Emphasise your technical skills, decision-making abilities, and any achievements that demonstrate your capability in managing profitability and broker relationships.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention specific examples of how you've successfully collaborated with stakeholders and driven profitable growth in previous positions.
Highlight Relevant Qualifications: If you have progressed towards a Dip CII qualification or have equivalent experience, make sure to mention this prominently. It shows your commitment to professional development and aligns with the company's expectations.
Showcase Analytical Skills: In your application, provide examples of how you've used analytical skills for account monitoring and risk assessment. This will demonstrate your ability to make informed decisions and contribute to the company's success.
How to prepare for a job interview at MPJ Recruitment Ltd
✨Showcase Your Technical Expertise
As a Commercial Underwriter, it's crucial to demonstrate your technical underwriting expertise. Be prepared to discuss specific scenarios where you've successfully assessed risks and made informed decisions. Highlight your understanding of P&C Commercial insurance processes and how you've applied this knowledge in previous roles.
✨Emphasise Collaboration Skills
This role requires strong collaboration with brokers and stakeholders. During the interview, share examples of how you've built successful relationships in the past. Discuss your approach to teamwork and how you’ve contributed to a positive working environment, showcasing your interpersonal skills.
✨Demonstrate Analytical Thinking
Analytical skills are key for monitoring accounts and planning actions. Prepare to discuss how you've used data and insights to drive profitable growth. Bring examples of how you've approached problem-solving in a commercial context, highlighting your numerical reasoning abilities.
✨Prepare for Change Management Questions
The ability to champion change is essential in this role. Be ready to talk about times when you've identified areas for improvement and successfully driven change. Share your resilience skills and how you've navigated challenges to achieve positive outcomes in your previous positions.
