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- Tasks: Join our Underwriting team to create quotes and maintain broker relationships.
- Company: We are a leading insurance provider focused on growth and innovation.
- Benefits: Enjoy competitive pay, professional development, and a collaborative work environment.
- Why this job: This role offers hands-on experience in the insurance industry with growth opportunities.
- Qualifications: No prior experience required; just bring your enthusiasm and willingness to learn!
- Other info: Perfect for high school and college students looking to kickstart their careers.
The predicted salary is between 36000 - 60000 £ per year.
The Role: Underwriter To actively participate in Underwriting team activity ensuring the production of Renewal and Mid Term Amendment or New Business quotations in line with Underwriting guides, service level agreements, and within business operating standards Using your skills, you will be responsible for achieving income targets across a range of insurance products and motivating others to do the same. Ensuring technical compliance and maintaining Broker and Insurance Partner relationships. Responsibilities: To prepare and provide Renewal and MTA and /or New Business quotations to Broker Partners based on personal authority limitations. Instigate regular dialogue with Broker partners on allocated renewals/issued quotations to secure instruction and achieve individual and collective targets. Provide accurate and compliant Renewals and Mid-term adjustments and new business quotations in line with pricing levels, risk selection criteria and ensure that income and conversion objectives are achieved. Work with Business Development to achieve business growth in accordance with targets whilst Underwriting to agreed loss ratios Utilise communication and negotiation techniques and skills to clearly explain the features and benefits of our products, ensuring that every Broker receives a full complement of sales and upselling opportunities.
Underwriter - Existing Business - Construction employer: pib Group Careers
Contact Detail:
pib Group Careers Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Existing Business - Construction
✨Tip Number 1
Familiarize yourself with the specific insurance products we offer. Understanding the nuances of our offerings will help you communicate effectively with Broker partners and demonstrate your expertise during discussions.
✨Tip Number 2
Build strong relationships with industry professionals. Networking with brokers and other underwriters can provide valuable insights and opportunities that may not be advertised publicly.
✨Tip Number 3
Stay updated on market trends and regulatory changes in the construction insurance sector. This knowledge will not only enhance your credibility but also enable you to make informed decisions that align with our underwriting guidelines.
✨Tip Number 4
Practice your negotiation skills. Being able to effectively negotiate terms and conditions with brokers is crucial for achieving income targets and maintaining strong partnerships.
We think you need these skills to ace Underwriter - Existing Business - Construction
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Underwriter position. Highlight key responsibilities and required skills, and think about how your experience aligns with these.
Tailor Your CV: Customize your CV to emphasize relevant experience in underwriting, particularly in construction or similar fields. Use specific examples that demonstrate your ability to meet income targets and maintain broker relationships.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the underwriting process and your motivation for the role. Mention your communication and negotiation skills, and how they can benefit the team and the company.
Highlight Achievements: In both your CV and cover letter, include quantifiable achievements related to underwriting, such as successful projects, income targets met, or improvements in broker relationships. This will help you stand out.
How to prepare for a job interview at pib Group Careers
✨Know Your Underwriting Guidelines
Familiarize yourself with the underwriting guides and service level agreements relevant to the role. Being able to discuss these in detail will show your understanding of the industry standards and your readiness to comply with them.
✨Demonstrate Your Communication Skills
Since the role involves regular dialogue with Broker partners, be prepared to showcase your communication and negotiation techniques. Practice explaining complex insurance concepts clearly and concisely, as this will be crucial in your interactions.
✨Highlight Your Technical Compliance Knowledge
Be ready to discuss how you ensure technical compliance in your previous roles. Providing examples of how you've maintained relationships with Brokers and Insurance Partners while adhering to compliance standards will strengthen your candidacy.
✨Showcase Your Target Achievement Experience
Prepare to talk about your experience in achieving income targets across various insurance products. Use specific examples to illustrate how you motivated others and contributed to business growth, aligning with the company's objectives.
