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 Wakefield employer: NRG
Contact Detail:
NRG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land PI Underwriter in Wakefield
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work with brokers or have experience in underwriting. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Show off your skills! When you get the chance to meet potential employers or brokers, be ready to discuss your past successes in underwriting and how you’ve maximised revenue. Use real examples to illustrate your impact.
✨Tip Number 3
Stay updated on market trends! Knowing what’s happening in the PI sector can give you an edge in conversations. It shows you’re proactive and genuinely interested in the field, which is super attractive to employers.
✨Tip Number 4
Don’t forget to apply through our website! We’re always on the lookout for talent that fits our entrepreneurial spirit. Your next big opportunity could be just a click away, so make sure to check us out regularly!
We think you need these skills to ace PI Underwriter in Wakefield
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 past experiences in building 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 can showcase your innovative thinking. Prepare examples of how you've identified smarter, faster ways to underwrite or improve processes in your previous roles. This will resonate well with their fast-moving culture.
✨Be Data Savvy
Since proficiency in MS Excel is a requirement, make sure you’re comfortable discussing how you’ve used data in your underwriting decisions. Bring examples of how you’ve entered data into underwriting tools or used analytics to inform your risk assessments. This will show you’re detail-oriented and tech-savvy.