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- Tasks: Lead underwriting for Management Liabilities, building strong broker relationships and driving new business.
- Company: Join Nexus Underwriting, a dynamic team making waves in the insurance industry.
- Benefits: Competitive salary, mentorship opportunities, and a supportive work environment.
- Why this job: Make a real impact in a visible role while developing your leadership skills.
- Qualifications: 5+ years in underwriting with a knack for managing complex risks and mentoring others.
- Other info: Exciting career growth potential in a collaborative and innovative setting.
The predicted salary is between 48000 - 72000 £ per year.
Senior Underwriter – Management Liabilities
Nexus Underwriting is looking for a Senior Underwriter to join our Management Liabilities team.
As Senior Underwriter you will operate in a highly visible role impacting the overall success of the ML team. Within this role, you will take ownership and accountability for key pieces of business, and key broker relationships.
The role will involve working within underwriting parameters and authority levels to drive existing and new broker relationships by delivering high quality account underwriting and servicing of renewal and new business.
Responsibilities
- Underwriting, pricing, and negotiating accounts consistent with the quality of the risk and according to the company’s strategy, guidelines and individual underwriting authority
- In conjunction with the Unit Head, take a lead role in identifying, finding, sourcing and marketing new business opportunities.
- Executing agreed business and action plans with brokers in terms of profitability, retention, and new business ratios
- Take responsibility and through leadership in developing a regional new broker business plan
- Taking accountability and ownership for own underwriting decisions
- Highlighting and working with underwriters on non-typical opportunities
- Developing and maintaining close and effective relationships with brokers, insurers, and clients.
- Regularly encouraging reciprocal visits from brokers and customers. Actively participating in these meetings, taking a lead role where appropriate
- Maintaining compliance with appropriate rules, legislation, underwriting agreements, legislation, and other forms of best practice
- Acting as a mentor for and providing ad hoc guidance to junior members of the team
- Refer any matter beyond the level of an individual’s experience or authority to their line manager;
- Ensure that Nexus values, code of conduct and policies are adhered to at all times both within the workplace or at other external events;
Experience
- 5+ years of underwriting experience in Management Liability, with a proven track record in managing complex risks.
- Experience working with SME and mid-market companies.
- Leadership experience or experience in mentoring and developing junior underwriters is preferred.
- Strong relationships with key brokers, with a proven ability to source new business and manage a portfolio effectively.
- Excellent understanding of Management Liabilities, including regulatory requirements and corporate governance.
- Ability to analyse financial statements and corporate structures to assess risk.
By submitting your CV you confirm that you are agreeing to the Privacy Policy of Nexus Underwriting and consenting to Nexus Underwriting processing and holding your personal details.
Seniority level
Associate
Employment type
Full-time
Job function
Business Development and General Business
Industries
Insurance
Benefits
Referrals increase your chances of interviewing at Nexus Underwriting by 2x.
Location
London, England, United Kingdom
Salary
£50,000.00-£70,000.00
Areas served
London Area.
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Senior Underwriter - Management Liabilities employer: Nexus Underwriting
Contact Detail:
Nexus Underwriting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter - Management Liabilities
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, especially brokers. Attend events, join online forums, and don’t be shy to reach out on LinkedIn. Building those relationships can really set you apart.
✨Tip Number 2
Showcase your expertise! When you get the chance to chat with potential employers or brokers, make sure to highlight your experience in underwriting and managing complex risks. Share specific examples of how you've successfully navigated challenges in the past.
✨Tip Number 3
Be proactive! Don’t just wait for job openings to pop up. Reach out to companies you admire, like Nexus Underwriting, and express your interest in joining their team. Sometimes, the best opportunities come from a simple conversation.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in leaving a positive impression. It shows your enthusiasm for the role and keeps you fresh in their minds as they make their decision.
We think you need these skills to ace Senior Underwriter - Management Liabilities
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Underwriter role. Highlight your experience in Management Liability and any leadership roles you've had. We want to see how your skills match what we're looking for!
Showcase Your Achievements: Don’t just list your responsibilities; showcase your achievements! Use numbers and examples to demonstrate how you’ve successfully managed complex risks or developed broker relationships. This will help us see the impact you've made in previous roles.
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 experience aligns with our needs. We love seeing genuine enthusiasm, so let your personality come through!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get all the updates directly from us. Plus, it shows you're keen on joining our team!
How to prepare for a job interview at Nexus Underwriting
✨Know Your Underwriting Inside Out
Make sure you brush up on your underwriting knowledge, especially in Management Liabilities. Be prepared to discuss specific cases where you've successfully managed complex risks and how you approached pricing and negotiations.
✨Showcase Your Broker Relationships
Since building relationships with brokers is key, come ready with examples of how you've developed and maintained these connections. Highlight any successful partnerships and how they contributed to new business opportunities.
✨Demonstrate Leadership Skills
If you have experience mentoring junior underwriters, be sure to share that during the interview. Talk about how you've guided others and contributed to team success, as this will show your potential for leadership in the role.
✨Prepare for Compliance Questions
Given the importance of compliance in underwriting, be ready to discuss your understanding of regulatory requirements and best practices. You might be asked how you ensure adherence to these standards in your work.
