PI Underwriter in Chelmsford

PI Underwriter in Chelmsford

Chelmsford Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Work with brokers to assess and quote risks, ensuring compliance and managing accounts.
  • Company: Fast-growing specialist underwriter with an entrepreneurial spirit and minimal bureaucracy.
  • Benefits: Competitive salary, remote work options, and a dynamic work culture.
  • Why this job: Join a team that values innovation and empowers you to make impactful decisions.
  • Qualifications: 5+ years underwriting experience and Dip CII qualification preferred.
  • Other info: Opportunity for career growth in a supportive and collaborative environment.

The predicted salary is between 36000 - 60000 £ per year.

Our client was launched in 2021 and is a specialist underwriter of financial and professional lines risks in the UK and internationally. Their core business has been underwriting UK PI risks. In the UK, they currently underwrite and/or place business with 5 risk carriers whilst internationally, with 3 risk carriers. To date, they have been very successful in building a sizeable and profitable portfolio due to its wide risk appetite, its ability to underwrite risks based on merit, empowered underwriters and a commitment to fast turnaround time on all quotes to insurance brokers. Culturally, it is very entrepreneurial and fast-moving with a focus on always building a better, smarter business with little bureaucracy. They are looking to bring on additional talent with the same ethos.

The Role

  • You will spend the majority of your time working with brokers on new business and renewals, assessing, rating and quoting risks, entering data into underwriting tools, issuing policy documentation and ensuring compliance with company standards.

Role and Responsibilities

  • Reviewing specialist cases and clearly and positively articulate underwriting decisions within agreed timeframes.
  • Refer risks outside of underwriting authorities.
  • Actively manage and develop a portfolio of accounts to maximise profitable revenue potential from new and renewal business.
  • Identifying better, smarter, faster means of underwriting/trading.
  • Contributing to technical audits and peer review processes as required to support and enable the maintenance of an effective control environment.
  • Contributing to the development and monitoring of account plans.
  • Ability to work in a remote team environment.
  • Understanding our marketplace and key competitors to enable you to negotiate flexibly and appropriately resulting in successful trading.
  • Effective broker account relationship development and management.
  • Demonstrated ability to assess and price risks, limit exposures.
  • Successfully developing effective trading relationships.
  • Commercially astute with demonstrable track record of taking accountability for delivery.

Role Requirements

  • Minimum 5 years dedicated underwriting or broking experience, preferably UK market with a recognised insurer, MGA or broker.
  • Minimum Dip CII qualified (or equivalent).
  • Proficient in MS Excel.

PI Underwriter in Chelmsford employer: NRG.

As a dynamic and entrepreneurial specialist underwriter, our client offers an exceptional work environment for PI Underwriters, characterised by minimal bureaucracy and a commitment to innovation. Employees benefit from a culture that encourages professional growth, with opportunities to develop their skills while managing a diverse portfolio of accounts. Located in the UK, the company prides itself on its fast-paced atmosphere and strong relationships with brokers, making it an ideal place for those seeking meaningful and rewarding employment in the insurance sector.
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Contact Detail:

NRG. Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land PI Underwriter in Chelmsford

✨Tip Number 1

Networking is key! Get out there and connect with industry professionals on LinkedIn or at events. We can’t stress enough how a personal connection can make all the difference when it comes to landing that PI Underwriter role.

✨Tip Number 2

Prepare for interviews by brushing up on your technical knowledge and understanding of the market. We recommend practising common underwriting scenarios so you can showcase your skills and experience confidently.

✨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! We’ve got loads of resources to help you stand out. Plus, applying directly gives you a better chance of being noticed by hiring managers who are looking for that entrepreneurial spirit.

We think you need these skills to ace PI Underwriter in Chelmsford

Underwriting Skills
Risk Assessment
Data Entry
Policy Documentation
Compliance Knowledge
Portfolio Management
Negotiation Skills
Broker Relationship Management
Commercial Acumen
Technical Audits
MS Excel Proficiency
Account Development
Market Understanding
Problem-Solving Skills

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the PI Underwriter role. Highlight your relevant experience in underwriting or broking, especially in the UK market. We want to see how your skills align with our entrepreneurial and fast-moving culture!

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 you can contribute to our mission of building a better, smarter business. Keep it concise but impactful!

Showcase Your Achievements: Don’t just list your responsibilities; showcase your achievements! Whether it's successfully managing a portfolio or developing effective trading relationships, we want to see how you've made a difference in your previous roles.

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 our team!

How to prepare for a job interview at NRG.

✨Know Your Underwriting Stuff

Make sure you brush up on your underwriting knowledge, especially around professional indemnity risks. Familiarise yourself with the latest trends in the UK market and be ready to discuss how you’ve successfully assessed and priced risks in the past.

✨Show Off Your Broker Relationships

Since you'll be working closely with brokers, think of specific examples where you've developed strong relationships. Be prepared to share how you’ve managed accounts and maximised revenue potential, as this will demonstrate your ability to fit into their entrepreneurial culture.

✨Be Ready to Think Outside the Box

This role is all about finding better, smarter, and faster ways to underwrite. Come equipped with ideas or examples of how you've innovated in your previous roles. This shows that you align with their ethos of continuous improvement and can contribute to their fast-moving environment.

✨Prepare for Technical Questions

Expect some technical questions during the interview. Brush up on your knowledge of underwriting tools and compliance standards. Being able to articulate your decision-making process clearly will show that you’re not just knowledgeable but also capable of making sound judgments under pressure.

PI Underwriter in Chelmsford
NRG.
Location: Chelmsford

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