At a Glance
- Tasks: Assist in underwriting decisions and build strong relationships with brokers.
- Company: Join a dynamic team at Pen, backed by Gallagher.
- Benefits: Enjoy 25+ days holiday, life insurance, and health plans.
- Other info: Inclusive workplace with exciting career growth opportunities.
- Why this job: Make a real impact in the insurance industry while growing your skills.
- Qualifications: GCSEs in English and Maths; insurance knowledge is a plus.
The predicted salary is between 28800 - 43200 £ 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.
Join Pen Underwriting as an Assistant Underwriter and be part of a team that values collaboration, growth, and making a difference. This is your chance to contribute to the financial success of a leading insurance provider while developing your skills in a supportive and dynamic environment.
As an Assistant Underwriter, you’ll work closely with experienced underwriters to evaluate new business and renewals.
How you’ll make an impact:
- You will make underwriting decisions that align with our guidelines and ensure positive outcomes for our brokers, customers, and capacity partners.
- Your role will involve reviewing risks, handling client enquiries, and maintaining strong relationships with brokers.
- Handle new business, renewal, rating and adjustment enquiries from clients through phone call, email or digital referral.
- You will also play a key part in meeting business targets by retaining clients and converting new business opportunities.
- Actively trade with brokers in negotiations to seek opportunities to sell our products and grow our accounts.
- Generate revenue and underwriting profit for the SME and Personal lines division and Pen.
- Help deliver excellent service and grow our accounts.
- Understand policy coverage and address claims-related queries.
- Collaborate with the accounts team to resolve financial queries.
- Ensure compliance with FCA regulations and company values.
About you:
- Knowledge of insurance principles and practices.
- CII qualification preferred, but not essential.
- GCSE qualifications, including English and Mathematics.
- Ability to build strong relationships with brokers and negotiate effectively.
- Proficiency in MS Office tools like Outlook, Excel, Word, and PowerPoint.
- A customer-focused approach with excellent communication skills.
- Attention to detail and the ability to identify key information for underwriting decisions.
- A proactive attitude, with the ability to manage your workload and meet deadlines.
- A collaborative mindset and a professional, approachable demeanour.
Compensation and benefits:
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.
- And many more…
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. We see inclusion as a conscious commitment and diversity as a vital strength.
Gallagher is Disability Confident Committed. We have pledged to make sure our recruitment process is inclusive and accessible, in addition to supporting our existing employees with any long-term health conditions or disabilities.
Our employing entity, Arthur J. Gallagher Services (UK) Limited, is proud to be accredited as a Living Wage employer with the Living Wage Foundation. We are committed to diversity and opportunity for all and are opposed to any form of less favourable treatment on the grounds of gender or gender identity, marital status, civil partnership status, parental status, race, ethnicity, colour, nationality, disability, sexual orientation, religion/ belief, age and those with caring responsibilities.
Assistant Underwriter in Liphook employer: Pen Underwriting
Pen Underwriting is an exceptional employer that fosters a collaborative work culture, empowering employees to excel in their roles while maintaining high underwriting standards. With a focus on professional growth, the company offers comprehensive benefits including health insurance and a pension plan, making it an attractive choice for those seeking meaningful and rewarding employment in the UK insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Underwriter in Liphook
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Pen Underwriting). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Pen Underwriting. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Assistant Underwriter in Liphook
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Pen Underwriting.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Pen Underwriting. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Pen Underwriting
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Pen Underwriting to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Pen Underwriting, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Pen Underwriting's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
