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 environment.
- Why this job: Join a team that values innovation and empowers you to make impactful decisions.
- Qualifications: 5+ years in underwriting or broking, Dip CII qualified, and Excel proficiency.
- Other info: Opportunity for career growth in a supportive and collaborative remote team.
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 Milton Keynes employer: NRG.
Contact Detail:
NRG. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land PI Underwriter in Milton Keynes
✨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 for the best chance at landing the job. We’re always looking for talent that fits our entrepreneurial spirit, so make sure your application stands out by highlighting your unique experiences and ideas!
We think you need these skills to ace PI Underwriter in Milton Keynes
Some tips for your application 🫡
Show Your Passion: When you're writing your application, let your enthusiasm for the role shine through! We want to see that you’re genuinely excited about the opportunity to work with us and contribute to our entrepreneurial spirit.
Tailor Your CV: Make sure your CV is tailored to the PI Underwriter role. Highlight your relevant experience, especially in underwriting or broking, and don’t forget to mention any specific achievements that demonstrate your skills in managing accounts and assessing risks.
Be Clear and Concise: Keep your application clear and to the point. We appreciate straightforward communication, so avoid jargon and make sure your key points stand out. This will help us quickly see why you’d be a great fit for our team!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re proactive and keen to join 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 experience in developing and managing broker relationships. Share examples of how you've successfully negotiated terms or resolved issues, as this will highlight your ability to build rapport and trust.
✨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 initiative and ability to adapt in a fast-paced environment.
✨Be Data Savvy
Since proficiency in MS Excel is a requirement, make sure you can discuss how you've used data analysis in your underwriting decisions. Whether it’s entering data into tools or conducting audits, being able to articulate your experience with data will set you apart.