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For Companies At a Glance
- Tasks: Underwrite commercial insurance schemes and assess risks while managing client relationships.
- Company: Join a leading name in the Insurance industry based in Glasgow.
- Benefits: Enjoy competitive pay, hybrid work options, and professional development opportunities.
- Why this job: Be part of a dynamic team shaping tailored insurance solutions with real market impact.
- Qualifications: Experience in commercial insurance underwriting and strong analytical skills are essential.
- Other info: This is a full-time, permanent role with opportunities for growth.
The predicted salary is between 36000 - 60000 £ per year.
We are seeking a Commercial Schemes Underwriter to join a major name in the Insurance industry. This role involves assessing a mixed portfolio of risks and underwriting commercial insurance schemes, ensuring profitability while maintaining strong relationships with brokers and clients. You will play a key role in developing tailored insurance solutions that align with business objectives and market trends.
Key Responsibilities
- Underwriting & Risk Assessment: Evaluate and underwrite commercial insurance schemes, ensuring compliance with underwriting guidelines.
- Portfolio Management: Monitor scheme performance, adjusting pricing and coverage as needed to maintain profitability.
- Broker & Client Engagement: Build and maintain strong relationships with brokers and clients, providing expert advice and support.
- Market Analysis: Stay informed on industry trends, competitor offerings, and regulatory changes to enhance underwriting strategies.
- Policy Development: Assist in designing and refining insurance schemes to meet evolving business and customer needs.
- Claims & Compliance: Work closely with claims teams to assess risk exposure and ensure adherence to regulatory standards.
Skills & Experience Required
- Proven experience in commercial insurance underwriting, preferably within schemes.
- Strong knowledge of risk assessment, pricing models, and policy structures.
- Excellent analytical and decision-making skills.
- Ability to build and maintain relationships with brokers and clients.
- Proficiency in underwriting software and Microsoft Office.
Benefits
- Competitive salary and performance-based bonuses.
- Hybrid working options.
- Professional development and training opportunities.
- Pension scheme and private healthcare.
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 commercial insurance and underwriting. This will not only help you understand the market better but also allow you to engage in informed discussions during interviews, showcasing your expertise.
✨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 referrals or insider information about the role.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed portfolios or assessed risks in previous roles. Highlighting your hands-on experience will demonstrate your capability to handle the responsibilities of the Commercial Schemes Underwriter position.
✨Tip Number 4
Research StudySmarter's values and culture to align your approach during the interview. Showing that you resonate with our mission can set you apart from other candidates and indicate that you're a good fit for our team.
We think you need these skills to ace Commercial Lines Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in commercial insurance underwriting. Focus on your skills in risk assessment, portfolio management, and relationship building with brokers and clients.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the insurance industry. Mention specific experiences that demonstrate your ability to assess risks and develop tailored insurance solutions.
Highlight Relevant Skills: In your application, emphasise your analytical and decision-making skills. Provide examples of how you've successfully managed portfolios or engaged with clients and brokers in previous roles.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in underwriting.
How to prepare for a job interview at ProFound
✨Know Your Underwriting Basics
Make sure you brush up on your knowledge of underwriting principles and risk assessment. Be prepared to discuss specific examples from your past experience that demonstrate your ability to evaluate and underwrite commercial insurance schemes.
✨Understand the Market
Familiarise yourself with current industry trends, competitor offerings, and regulatory changes. This will not only show your enthusiasm for the role but also your ability to adapt underwriting strategies based on market conditions.
✨Build Rapport with Brokers
Since building relationships with brokers is key in this role, think of ways to demonstrate your interpersonal skills. Prepare to share experiences where you successfully engaged with clients or brokers to provide tailored solutions.
✨Showcase Analytical Skills
Be ready to discuss how you approach portfolio management and pricing adjustments. Highlight any analytical tools or software you’ve used in the past, as well as your decision-making process when it comes to maintaining profitability.
