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- Tasks: Underwrite and manage property and casualty insurance policies while assessing risks and negotiating terms.
- Company: Join a leading insurance firm in Birmingham, known for its commitment to excellence and innovation.
- Benefits: Enjoy a competitive salary, performance bonuses, and a comprehensive benefits package including pension and healthcare.
- Why this job: This role offers growth opportunities, a dynamic work environment, and the chance to make a real impact.
- Qualifications: Experience in property and casualty underwriting is essential; strong analytical and communication skills are a must.
- Other info: Ideal for those seeking a fast-paced role with a focus on professional development.
The predicted salary is between 36000 - 60000 £ per year.
Location: Birmingham, United Kingdom
Salary: Competitive, based on experience
Job Purpose: To underwrite and manage property and casualty insurance policies, ensuring profitability and compliance with company guidelines. The role involves assessing risks, negotiating terms, and building strong relationships with brokers and clients.
Key Responsibilities:
- Evaluate and underwrite new and renewal P&C insurance policies within your authority.
- Analyse risks and provide tailored insurance solutions to meet client needs.
- Collaborate with brokers and clients to negotiate terms and secure business.
- Monitor and manage a portfolio of accounts, ensuring profitability and retention.
- Provide excellent customer service, addressing inquiries and resolving issues promptly.
- Stay updated on market trends, regulatory changes, and competitor activities.
- Support business development by identifying opportunities for growth.
- Ensure compliance with company policies and industry regulations.
Skills and Qualifications:
- Proven experience in property and casualty underwriting.
- Strong analytical and decision-making skills.
- Excellent communication and negotiation abilities.
- Knowledge of P&C insurance products and market practices.
- Relevant professional qualifications, such as Cert CII or Dip CII, are desirable.
- Ability to work independently and as part of a team in a fast-paced environment.
Benefits:
- Competitive salary and performance-based bonuses.
- Comprehensive benefits package, including pension and healthcare.
- Opportunities for professional development and career progression.
Commercial Lines Underwriter employer: ProFound
Contact Detail:
ProFound Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Lines Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in property and casualty insurance. Understanding current market dynamics will not only help you in interviews but also demonstrate your commitment to staying informed in this ever-evolving field.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who work as underwriters or brokers. Attend industry events or join relevant online forums to build connections that could lead to job opportunities at StudySmarter.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully assessed risks and negotiated terms in previous roles. Being able to articulate your experience clearly will set you apart during the interview process.
✨Tip Number 4
Showcase your analytical skills by being ready to discuss how you approach risk evaluation. Consider bringing along case studies or examples from your past work that highlight your decision-making process and outcomes.
We think you need these skills to ace Commercial Lines Underwriter
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to understand the key responsibilities and required skills for the Commercial Lines Underwriter position. Tailor your application to highlight your relevant experience in property and casualty underwriting.
Highlight Relevant Experience: In your CV and cover letter, emphasise your proven experience in underwriting, particularly in property and casualty insurance. Use specific examples to demonstrate your analytical skills and decision-making abilities.
Showcase Communication Skills: Since the role involves negotiating with brokers and clients, make sure to showcase your excellent communication and negotiation skills in your application. Provide examples of successful negotiations or client interactions.
Tailor Your Cover Letter: Craft a personalised cover letter that addresses the specific requirements of the job. Mention your knowledge of P&C insurance products and any relevant qualifications, such as Cert CII or Dip CII, to strengthen your application.
How to prepare for a job interview at ProFound
✨Know Your Insurance Products
Make sure you have a solid understanding of property and casualty insurance products. Be prepared to discuss specific policies, their features, and how they meet client needs. This knowledge will demonstrate your expertise and confidence during the interview.
✨Showcase Your Analytical Skills
As an underwriter, strong analytical skills are crucial. Prepare examples of how you've assessed risks in previous roles and the decisions you made based on your analysis. This will help illustrate your ability to evaluate and underwrite policies effectively.
✨Prepare for Negotiation Scenarios
Since the role involves negotiating terms with brokers and clients, think of past experiences where you successfully negotiated agreements. Be ready to discuss your approach and the outcomes, as this will highlight your negotiation abilities.
✨Stay Updated on Industry Trends
Research current market trends, regulatory changes, and competitor activities in the property and casualty insurance sector. Being knowledgeable about the industry will show your commitment and readiness to contribute to the company's success.
