Professional Indemnity Underwriter

Professional Indemnity Underwriter

Full-Time 45000 - 55000 £ / year (est.) Home office (partial)
National African-American Insurance Association (NAAIA)

At a Glance

  • Tasks: Join our Underwriting team to shape and implement strategies for Professional Indemnity products.
  • Company: Victor, a vibrant and inclusive company with a focus on innovation.
  • Benefits: Professional development, flexible working, and a supportive culture.
  • Other info: Dynamic environment with opportunities for career advancement and collaboration.
  • Why this job: Make a real impact in the insurance industry while growing your career.
  • Qualifications: 2+ years in financial lines underwriting and knowledge of Professional Indemnity market.

The predicted salary is between 45000 - 55000 £ per year.

We are seeking an experienced Professional Indemnity Underwriter to join the Underwriting team at Victor. This role can be based in Bristol, Leeds, Witham or London. You will be expected to work in the Bristol office at least once per month while the rest of the time is flexible for hybrid working. As an experienced Underwriter, you will carry out a wide range of underwriting activities relating to authorised products and be involved in executing the company strategy and materially contributing to the achievement of our financial plans.

Responsibilities

  • Contribute to and implement the underwriting strategy for all products, working within our established risk appetite.
  • Directly contribute towards financial KPIs, balancing the achievement of revenue without any detriment to underwriting profitability.
  • Deliver Victor service levels on all authorised products.
  • Maintain awareness of and ensure adherence to all regulatory requirements, guidelines and working practices – both internally and externally.
  • Spot distribution trends and report back on broker behaviours.
  • Manage quality first and underwriting peer review requirements to identify areas for underwriting and product improvement.
  • Act within underwriting authority.
  • Have in depth knowledge of relevant class/product specialisations.
  • Keep pace with market trends and developments for authorised industry segments.
  • Build strong relationships with broking and capacity partners.
  • Build strong relationships with internal stakeholders.

Qualifications

  • Good understanding of the Professional Indemnity insurance market.
  • At least 2 years of financial lines underwriting experience.
  • Have held underwriting authority for chosen class of business previously.
  • Knowledge of the in-scope product and trade range.
  • Experience of working in teams and a successful record of delivering results.
  • Progress towards a CII qualification desirable or equivalent experience.

Desired Qualities

  • Financial Lines Underwriting Experience.
  • Progress towards a CII qualification or equivalent experience.
  • The ability to handle a diverse workload with accuracy and efficiency.
  • Resilience and enthusiasm to thrive in a fast-paced environment while eager to learn.

Benefits

  • Professional development opportunities, interesting work and supportive leaders.
  • A vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have an impact for colleagues, clients and communities.
  • Career opportunities and benefits and rewards to enhance your well-being.

Equal Opportunity Employment

We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us.

Professional Indemnity Underwriter employer: National African-American Insurance Association (NAAIA)

At Victor, we pride ourselves on being an excellent employer, offering a vibrant and inclusive culture that fosters professional development and collaboration among talented colleagues. With flexible hybrid working arrangements and opportunities for career growth, our Bristol office serves as a hub for innovation and impactful work in the Professional Indemnity insurance sector, ensuring that you can thrive while contributing to our strategic goals and financial success.
National African-American Insurance Association (NAAIA)

Contact Detail:

National African-American Insurance Association (NAAIA) Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Professional Indemnity Underwriter

✨Tip Number 1

Network like a pro! Reach out to your connections in the insurance industry, especially those who work in underwriting. A friendly chat can lead to insider info about job openings or even a referral.

✨Tip Number 2

Prepare for interviews by brushing up on your knowledge of the Professional Indemnity market. Be ready to discuss recent trends and how they impact underwriting decisions. Show us you’re not just a candidate, but a knowledgeable partner!

✨Tip Number 3

Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation. It keeps you fresh in their minds and shows your enthusiasm for the role.

✨Tip Number 4

Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team at Victor.

We think you need these skills to ace Professional Indemnity Underwriter

Underwriting Strategy Implementation
Financial Lines Underwriting Experience
Regulatory Compliance
Market Trend Analysis
Broker Relationship Management
Internal Stakeholder Engagement
Risk Appetite Understanding
Underwriting Authority Management
Product Knowledge
Team Collaboration
CII Qualification Progression
Workload Management
Resilience in Fast-Paced Environments
Attention to Detail

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Professional Indemnity Underwriter role. Highlight your relevant experience, especially in financial lines underwriting, and showcase any achievements that align with the responsibilities 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 passionate about this role and how your skills can contribute to Victor's underwriting strategy. Don't forget to mention your understanding of the Professional Indemnity insurance market!

Showcase Your Team Spirit: Since teamwork is key in this role, make sure to include examples of how you've successfully collaborated with others in previous positions. This will show us that you can build strong relationships with both internal stakeholders and external partners.

Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from us!

How to prepare for a job interview at National African-American Insurance Association (NAAIA)

✨Know Your Stuff

Make sure you brush up on your knowledge of the Professional Indemnity insurance market. Be ready to discuss recent trends and developments, as well as how they might impact underwriting strategies. This shows you're not just experienced but also engaged with the industry.

✨Showcase Your Experience

Prepare specific examples from your past roles that highlight your financial lines underwriting experience. Talk about how you've contributed to financial KPIs and maintained service levels. This will help demonstrate your ability to deliver results in line with Victor's expectations.

✨Build Relationships

Since building strong relationships is key in this role, think of ways you've successfully collaborated with brokers or internal stakeholders in the past. Be ready to share these experiences to show you can foster the same kind of partnerships at Victor.

✨Ask Smart Questions

Prepare thoughtful questions about Victor's underwriting strategy and how they measure success. This not only shows your interest in the role but also gives you insight into whether the company aligns with your career goals and values.

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