At a Glance
- Tasks: Support experienced underwriters and evaluate new business while providing exceptional client service.
- Company: Join a dynamic MGA team backed by Gallagher, transforming the insurance landscape.
- Benefits: Enjoy 25+ days holiday, life insurance, health plans, and exciting career growth opportunities.
- Other info: Collaborative culture with a focus on innovation and accountability.
- Why this job: Make a meaningful impact in the insurance industry while developing your skills in a fast-paced environment.
- Qualifications: GCSEs in English and Maths, knowledge of insurance principles, and strong communication skills.
The predicted salary is between 30000 - 40000 € per year.
At Pen, we don’t just underwrite risk, we unlock possibility. We’re a dynamic underwriting and distribution business backed by the strength of Gallagher and powered by a belief that every challenge has a solution. With entrepreneurial energy, niche expertise, and a bold growth mindset, we’re transforming what it means to be an MGA in today’s insurance landscape.
Are you passionate about the insurance industry and eager to make a meaningful impact? Pen Underwriting is on the lookout for a motivated and detail-oriented Assistant Underwriter to join our dynamic underwriting team. This is your chance to contribute to the financial performance of a leading organisation while developing your career in a fast-paced and evolving environment.
As an Assistant Underwriter, you'll play a vital role in servicing our existing accounts and supporting our experienced underwriters. You'll evaluate new business and renewals, make informed underwriting decisions, and ensure positive outcomes for our capacity partners, brokers, and customers. Your day-to-day responsibilities will include:
- Reviewing risks and making underwriting decisions in line with our controls, appetite, and authority.
- Providing exceptional service to clients and colleagues through effective communication.
- Handling new business, renewals, ratings, and adjustment enquiries via phone, email, or digital platforms.
- Maintaining high retention and new business conversion rates to meet business targets.
- Actively trading and negotiating with brokers to grow our accounts and sell our products.
- Ensuring compliance with FCA regulations and conducting business ethically in line with our company values.
About You:
- A minimum of GCSE qualifications, including passes in English and Mathematics.
- Knowledge of insurance principles and practices.
- Proficiency in MS Office products such as Outlook, Excel, Word, and PowerPoint.
- Strong customer service skills with a focus on customer centricity.
- Excellent communication skills, both written and verbal, with the ability to engage with stakeholders at all levels.
- A keen eye for detail and the ability to assess risks effectively.
- Self-motivation, accountability, and the ability to work independently.
- Strong planning, organisational, and time management skills.
- A collaborative mindset and a professional, approachable attitude.
On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits. Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:
- Minimum of 25 days holiday, plus bank holidays, and the option to ‘buy’ extra days.
- Defined contribution pension scheme, which Gallagher will also contribute to.
- Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x.
- Income protection, we’ll cover up to 50% of your annual income, with options to top up.
- Health cash plan or Private medical insurance.
- Three fully paid volunteering days per year.
- Employee Stock Purchase plan, offering company shares at a discount.
- Share incentive plan, HMRC approved, tax effective, stock purchase plan.
- Critical illness cover.
- Discounted gym membership, with over 3,000 gyms nationally.
- Season ticket loan.
- Access to a discounted voucher portal to save money on your weekly shop or next big purchase.
- Emergency back-up family care.
We value inclusion and diversity.
Assistant Underwriter: Grow with a Dynamic MGA Team in Hampshire employer: Pen Underwriting
At Pen, we pride ourselves on being an exceptional employer that fosters a culture of innovation and collaboration. Our dynamic team environment encourages personal growth and offers extensive career development opportunities, all while providing a competitive benefits package that includes generous holiday allowances, health plans, and employee stock options. Join us in our vibrant location where your contributions will not only shape your career but also redefine the future of underwriting in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Underwriter: Grow with a Dynamic MGA Team in Hampshire
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those at Pen. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for the interview by knowing your stuff! Research Pen's values and recent projects. Show us how your skills align with our dynamic team and how you can contribute to our growth.
✨Tip Number 3
Practice your communication skills. As an Assistant Underwriter, you'll need to engage effectively with clients and colleagues. Role-play common scenarios to boost your confidence before the big day.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're keen on joining our innovative team at Pen. Don’t miss out!
We think you need these skills to ace Assistant Underwriter: Grow with a Dynamic MGA Team in Hampshire
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Assistant Underwriter role. Highlight any relevant insurance knowledge and customer service experience to show us you’re a great fit!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to express your passion for the insurance industry and how you can contribute to our dynamic team. Be genuine and let your personality come through.
Showcase Your Communication Skills:Since communication is key in this role, ensure your written application is clear and concise. Use proper grammar and structure to demonstrate your attention to detail and professionalism.
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 don’t miss out on any important updates from our team!
How to prepare for a job interview at Pen Underwriting
✨Know Your Insurance Basics
Before heading into the interview, brush up on your knowledge of insurance principles and practices. Being able to discuss these topics confidently will show that you're genuinely interested in the industry and ready to contribute.
✨Showcase Your Communication Skills
Since the role involves a lot of client interaction, practice articulating your thoughts clearly. Prepare examples of how you've effectively communicated with clients or colleagues in the past, as this will demonstrate your strong customer service skills.
✨Demonstrate Attention to Detail
As an Assistant Underwriter, you'll need a keen eye for detail. Bring along examples of how you've successfully assessed risks or managed complex tasks in previous roles. This will highlight your ability to make informed underwriting decisions.
✨Prepare Questions About the Company
Research Pen Underwriting and come prepared with insightful questions about their approach to underwriting and innovation. This shows your enthusiasm for the role and helps you understand how you can fit into their dynamic team.
