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For Companies At a Glance
- Tasks: Manage and grow a diverse portfolio while mentoring junior team members.
- Company: Join Pen, a dynamic underwriting business backed by Gallagher.
- Benefits: Enjoy 25+ days holiday, health plans, and employee stock options.
- Why this job: Make a real impact in the insurance industry with innovative solutions.
- Qualifications: CII/Dip CII qualification and underwriting experience required.
- Other info: Inclusive culture with excellent career growth opportunities.
The predicted salary is between 55000 - 65000 £ 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 ready to take your underwriting career to the next level? Pen Underwriting is looking for a Senior Underwriter to join our Risk Managed Commercial team. This is your chance to work with a dynamic team, manage a diverse portfolio, and make a real impact in the insurance industry. The role will focus on underwriting and servicing new, existing or both new and existing accounts. You'll have the opportunity to grow your expertise, mentor others, and contribute to our success.
How you’ll make an impact:
- Manage and grow a portfolio of renewal accounts, working closely with clients to address rating and adjustment enquiries.
- Develop new business opportunities, ensuring excellent outcomes for clients, brokers, and insurers.
- Evaluate risks, handle technical claim cover requests, and liaise with brokers, insurers, and internal teams.
- Review and approve referrals from Underwriters and Assistant Underwriters.
- Operate within your delegated underwriting authority.
- Mentor and train junior team members, sharing your expertise to help them grow.
- Develop a deep understanding of Pen’s coverage offerings.
- Analyse and interpret data to compile statistics.
About You:
- CII/Dip CII qualification or equivalent, with A-Level education or similar.
- Underwriting experience in servicing accounts, using specialist technical knowledge to handle claim queries, ensuring a connected service.
- Firm grasp of risk exposure, able to determine the acceptance criteria and risk classifications in a range of complex or unfamiliar situations.
- Proactive communicator with strong negotiation skills and a keen eye for detail.
- Strong trading and negotiation skills ensuring excellent outcomes for the customer, brokers, Pen and Insurers.
- Experience of planning and prioritising client renewals and seeking new business opportunities.
- Analytical and problem-solving skills.
- A positive, team-oriented attitude with a commitment to delivering excellent service.
Compensation and benefits:
- 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, covering 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. Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organisation. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work. Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities.
Senior Underwriter, Portfolio Growth & Mentorship in Leeds employer: Pen Underwriting
Contact Detail:
Pen Underwriting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter, Portfolio Growth & Mentorship in Leeds
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work at Pen or similar companies. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by researching Pen's values and recent projects. Show us you’re not just another candidate; demonstrate how your skills align with our mission to unlock possibilities in underwriting.
✨Tip Number 3
Practice your pitch! Be ready to explain how your experience in managing portfolios and mentoring aligns with the Senior Underwriter role. Confidence is key, so rehearse until it feels natural.
✨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 take that extra step to connect with us directly.
We think you need these skills to ace Senior Underwriter, Portfolio Growth & Mentorship in Leeds
Some tips for your application 🫡
Show Your Passion: When writing your application, let your enthusiasm for underwriting shine through! We want to see how your passion aligns with our mission at Pen. Share specific examples of how you've tackled challenges in the past and how you can bring that energy to our team.
Tailor Your CV: Make sure your CV is tailored to the Senior Underwriter role. Highlight your relevant experience, especially in managing portfolios and mentoring others. We love seeing how your unique skills can contribute to our dynamic team!
Be Clear and Concise: Keep your application clear and to the point. Use straightforward language and avoid jargon where possible. We appreciate a well-structured application that makes it easy for us to see your qualifications and fit for the role.
Apply Through Our Website: Don’t forget to apply 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 serious about joining our innovative team at Pen.
How to prepare for a job interview at Pen Underwriting
✨Know Your Portfolio Inside Out
Before the interview, make sure you thoroughly understand the types of accounts you'll be managing. Familiarise yourself with Pen's coverage offerings and think about how your previous experience aligns with their needs. This will help you demonstrate your expertise and show that you're ready to hit the ground running.
✨Showcase Your Mentorship Skills
Since the role involves mentoring junior team members, prepare examples of how you've successfully guided others in the past. Think about specific situations where your mentorship made a difference, and be ready to discuss your approach to developing talent within a team.
✨Prepare for Technical Questions
Expect to face questions about risk evaluation and handling claim queries. Brush up on your technical knowledge and be ready to discuss how you've navigated complex underwriting scenarios. This will showcase your problem-solving skills and your ability to handle the intricacies of the role.
✨Demonstrate Your Communication Skills
As a Senior Underwriter, strong communication is key. Prepare to discuss how you've effectively communicated with clients, brokers, and internal teams in the past. Highlight your negotiation skills and provide examples of how you've achieved excellent outcomes through collaboration.