PI Underwriter in Portsmouth

PI Underwriter in Portsmouth

Portsmouth 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 maximising revenue.
  • 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 Portsmouth employer: NRG.

As a rapidly growing specialist underwriter, our client offers an entrepreneurial work culture that empowers employees to make impactful decisions and drive innovation in the financial and professional lines sector. With a commitment to fast turnaround times and minimal bureaucracy, employees enjoy a dynamic environment that fosters professional growth and development, alongside competitive remuneration and benefits. Joining this team means being part of a forward-thinking organisation that values talent and encourages a collaborative approach to underwriting.
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Contact Detail:

NRG. Recruiting Team

StudySmarter Expert Advice 🤫

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

✨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 culture. 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.

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

Underwriting Skills
Broker Relationship Management
Risk Assessment
Data Entry into Underwriting Tools
Policy Documentation Issuance
Compliance with Company Standards
Portfolio Management
Technical Audits
Account Planning
Market Understanding
Negotiation Skills
Commercial Acumen
MS Excel Proficiency
Problem-Solving Skills
Communication 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! Quantify your successes where possible, like how you maximised profitable revenue or improved underwriting processes. We love seeing results!

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, it’s crucial to highlight your experience in developing and managing these relationships. Prepare examples of how you've built rapport and negotiated effectively to secure profitable deals.

✨Demonstrate Your Entrepreneurial Spirit

This company values an entrepreneurial mindset, so come prepared with ideas on how to improve underwriting processes or enhance trading relationships. Think about innovative strategies you've implemented before and be ready to share them.

✨Be Data Savvy

As you'll be entering data into underwriting tools, make sure you're comfortable with MS Excel and can discuss how you've used data analysis in your previous roles. Highlight any specific tools or techniques that have helped you in your underwriting decisions.

PI Underwriter in Portsmouth
NRG.
Location: Portsmouth

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