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 culture.
- Benefits: Competitive salary, remote work options, and a dynamic work environment.
- Why this job: Join a team that values innovation and quick decision-making in the insurance industry.
- Qualifications: 5+ years underwriting experience and Dip CII qualification preferred.
- Other info: Opportunity to develop your career in a supportive and fast-paced setting.
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 Hull employer: NRG.
Contact Detail:
NRG. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land PI Underwriter in Hull
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals on LinkedIn or at events. We all know that sometimes it’s not just what you know, but who you know that can land you that PI Underwriter role.
✨Tip Number 2
Prepare for those interviews by researching the company and its competitors. We want you to show off your knowledge about their underwriting approach and how you can contribute to their entrepreneurial spirit. Be ready to discuss how you can bring smarter solutions to the table!
✨Tip Number 3
Practice your pitch! You’ll need to clearly articulate your underwriting decisions and experiences. We suggest doing mock interviews with friends or mentors to get comfortable with discussing your skills and achievements.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged in the process. Let’s get you that PI Underwriter position!
We think you need these skills to ace PI Underwriter in Hull
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! Quantify your successes where possible, like how you maximised profitable revenue or improved underwriting processes. We love numbers that tell a story!
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. Be ready to discuss specific cases you've handled and how you assessed and priced those risks. This shows you're not just familiar with the theory but have practical experience too.
✨Show Off Your Broker Relationships
Since the role involves working closely with brokers, be prepared to talk about your past experiences in developing and managing broker relationships. Share examples of how you've successfully negotiated terms or resolved issues, as this will highlight your interpersonal skills and commercial acumen.
✨Demonstrate Your Entrepreneurial Spirit
This company values an entrepreneurial mindset, so think of ways you've contributed to improving processes or finding smarter solutions in your previous roles. Bring examples that showcase your ability to innovate and adapt in a fast-paced environment.
✨Be Data Savvy
Since you'll be entering data into underwriting tools and using MS Excel, make sure you can confidently discuss your experience with these tools. Highlight any specific projects where your data analysis led to better decision-making or improved outcomes, as this will show your technical proficiency.