At a Glance
- Tasks: Join a dynamic team as a Chinese Speaking Commercial Insurance Underwriter, managing quotes and renewals.
- Company: Be part of a successful insurer focused on the UK SME marketplace.
- Benefits: Enjoy hybrid working flexibility, an attractive salary, and an annual bonus.
- Why this job: This role offers a chance to build relationships and enhance your skills in a supportive environment.
- Qualifications: 3+ years in commercial insurance underwriting; fluency in English and Chinese is essential.
- Other info: Experience in personal lines is a plus; strong communication and negotiation skills are key.
The predicted salary is between 28800 - 48000 £ per year.
An opportunity to join a successful and expanding insurer who specialise in the UK SME marketplace. As part of their strategic development plans, they are looking to hire an experienced underwriter with understanding of commercial lines. You will work in partnership with a network of brokers as well as directly with insureds, whose first language is Chinese.
Overview
- Conducts new enquiry quotations by collecting background information, examining insurance proposals, and calculating the premium and sending out quotations.
- Manages Renewals by reviewing risk, processing renewals and issuing renewal letters.
- Issues policy by achieving deadline to release live policy documents with premium received.
- Processes Cancellations by confirming with customer and liaising with Finance Department for refund.
- Highlights survey risk improvement by sending out risk improvement document and following up.
- Builds up effective trading relationships with introducers and contributing to achievement of results.
- Deals with online student products by explaining student product cover and providing customer support.
- Maintains a good relationship with direct clients and corporate customers by providing high-quality service.
- Demonstrates contributions to loss ratio control by assessing risk and imposing terms and conditions effectively.
- Analyses retention levels and adjusts after investigating the factors affecting performance.
- Provides a consistent top-quality service to customers to enhance our reputation and increase the probability of renewals.
- Supports fellow colleagues and other tasks as required.
Requirements
- Over 3-year experiences in insurance underwriting in commercial lines.
- Experience in personal line is a plus.
- English fluency and additional language skill in Chinese is required.
- Good knowledge and experience in underwriting insurance risks.
- Knowledge of relevant regulatory practices and legislations in the industry.
- Good time management skills to meet deadlines.
- Good communications and negotiation skills.
- Additional language skill in Chinese is required.
What you need to know
- Salary is Open
- Benefits package & annual bonus
- Hybrid Home / City of London working flexibility.
Chinese Speaking - Commercial Insurance Underwriter employer: MW Appointments
Contact Detail:
MW Appointments Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Chinese Speaking - Commercial Insurance Underwriter
✨Tip Number 1
Familiarise yourself with the UK SME marketplace and the specific needs of Chinese-speaking clients. Understanding their unique requirements will help you stand out during interviews.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who work with commercial lines. Attend relevant events or join online forums to build connections that could lead to job opportunities.
✨Tip Number 3
Brush up on your negotiation skills, as this role requires effective communication with brokers and clients. Consider role-playing scenarios with friends or colleagues to enhance your confidence.
✨Tip Number 4
Research the company’s values and recent developments in the insurance sector. Being knowledgeable about their operations and how you can contribute will impress interviewers and show your genuine interest.
We think you need these skills to ace Chinese Speaking - Commercial Insurance Underwriter
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to understand the key responsibilities and requirements. Highlight your relevant experience in commercial insurance underwriting and your fluency in Chinese.
Tailor Your CV: Customise your CV to reflect your experience in insurance underwriting, particularly in commercial lines. Emphasise your language skills and any relevant achievements that align with the job's requirements.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention specific examples of how your skills and experience make you a perfect fit for the position, especially your ability to communicate effectively with Chinese-speaking clients.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. Ensure that all information is accurate and that your application presents you in the best possible light.
How to prepare for a job interview at MW Appointments
✨Showcase Your Language Skills
Since the role requires fluency in Chinese, be prepared to demonstrate your language skills during the interview. You might be asked to converse in Chinese or explain insurance concepts in both English and Chinese, so practice this beforehand.
✨Understand Commercial Insurance
Brush up on your knowledge of commercial lines underwriting. Be ready to discuss your previous experiences and how they relate to the responsibilities outlined in the job description. Highlight specific examples where you successfully managed risks or improved processes.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving abilities and decision-making skills. Think about past situations where you had to negotiate terms or handle difficult clients, and be ready to explain your thought process and outcomes.
✨Demonstrate Relationship-Building Skills
The role involves building effective trading relationships with brokers and clients. Prepare to discuss how you've successfully developed and maintained professional relationships in the past, and what strategies you use to ensure high-quality service.