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 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 Warrington employer: NRG
Contact Detail:
NRG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land PI Underwriter in Warrington
✨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 be able to discuss how your skills align with their entrepreneurial spirit and fast-paced culture. Show them you’re ready to contribute to their success!
✨Tip Number 3
Practice your pitch! You’ll need to clearly articulate your underwriting decisions and experiences. We suggest rehearsing with a friend or in front of a mirror to boost your confidence before those crucial conversations.
✨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 about their job search. Let’s get you that PI Underwriter position!
We think you need these skills to ace PI Underwriter in Warrington
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! Use specific examples that demonstrate your ability to assess and price risks, manage accounts, and develop trading relationships. We love seeing quantifiable 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. 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 you'll be working closely with brokers, highlight any successful relationships you've built in the past. Share examples of how you've managed accounts and maximised revenue potential. This will demonstrate your ability to develop effective trading relationships, which is key for this role.
✨Embrace the Entrepreneurial Spirit
This company values an entrepreneurial mindset, so come prepared to discuss how you've contributed to innovative solutions in your previous roles. Think about times when you've identified smarter ways to underwrite or trade, and be ready to share those stories.
✨Be Data Savvy
Since proficiency in MS Excel is a requirement, make sure you can talk about how you've used data analysis in your underwriting process. Whether it's entering data into tools or conducting technical audits, being able to demonstrate your analytical skills will set you apart.