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 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 £ 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 Stoke-on-Trent employer: NRG
Contact Detail:
NRG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land PI Underwriter in Stoke-on-Trent
✨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’ve got all the latest openings, and applying directly shows your commitment to joining our entrepreneurial team!
We think you need these skills to ace PI Underwriter in Stoke-on-Trent
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 helps us keep track of your application and ensures you don’t miss out on any important updates. Let’s get started!
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 ways you’ve contributed to a fast-moving environment in previous roles.
✨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. Bring examples of how data-driven decisions have led to successful outcomes in your underwriting experience.