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 in underwriting or broking, Dip CII qualified, and Excel proficiency.
- Other info: Opportunity for career growth in a supportive and collaborative environment.
The predicted salary is between 36000 - 60000 Β£ 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 Plymouth employer: NRG
Contact Detail:
NRG Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land PI Underwriter in Plymouth
β¨Tip Number 1
Networking is key! Get out there and connect with industry professionals on LinkedIn or at events. We canβt stress enough how a personal introduction can make all the difference in landing that PI Underwriter role.
β¨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.
β¨Tip Number 3
Donβt just apply anywhere; focus on companies that align with your entrepreneurial spirit. We suggest checking out our website for openings that match your ethos and where you can truly thrive.
β¨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind. We believe it shows your enthusiasm and professionalism, which is exactly what employers are looking for.
We think you need these skills to ace PI Underwriter in Plymouth
Some tips for your application π«‘
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: When detailing your experience, focus on specific achievements that demonstrate your ability to assess and price risks effectively. We love numbers, so if you can quantify your successes, even better!
Apply Through Our Website: We encourage you to apply directly through our website. Itβs the best way for us to receive your application and ensures youβre considered for the role. Plus, it shows youβre keen to join our team!
How to prepare for a job interview at NRG
β¨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 youβve successfully assessed and priced risks in the past.
β¨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 youβve managed accounts and maximised revenue potential, as this will demonstrate your ability to fit into their entrepreneurial culture.
β¨Be Ready to Think Outside the Box
This company values innovation, so come armed with ideas on how to improve underwriting processes. Think about smarter, faster ways to assess risks or enhance trading relationships, and be ready to discuss these during your interview.
β¨Demonstrate Your Commercial Acumen
Prepare to talk about your track record in taking accountability for delivery. Highlight any experiences where your commercial insight led to successful outcomes, and show that you understand the competitive landscape and can negotiate effectively.