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- Tasks: Assess and manage risks for business insurance policies while collaborating with brokers and clients.
- Company: Join a dynamic team focused on profitable commercial insurance solutions.
- Benefits: Enjoy a hybrid working model, competitive salary, bonuses, and generous pension contributions.
- Why this job: Be part of a supportive culture that values professional development and teamwork.
- Qualifications: Experience in commercial underwriting is preferred; qualifications like FIT / Cert / Dip CII are encouraged.
- Other info: Flexible working arrangements may be available to suit your lifestyle.
The predicted salary is between 36000 - 60000 £ per year.
ProFound Southampton, United Kingdom
Commercial Underwriter
Role Summary
A Commercial Underwriter assesses and manages risks for business insurance policies, working closely with brokers and clients to develop profitable portfolios. This role often focuses on mid-market property and casualty (P&C) underwriting.
Key Responsibilities
- Underwriting New and Existing Business: Evaluate and price commercial insurance risks, particularly in property, liability, motor trade, and fleet.
- Broker Relationship Management: Build and maintain strong partnerships with brokers to understand client needs and deliver tailored insurance solutions.
- Portfolio Development: Grow and manage a book of business, ensuring profitability and compliance.
- Decision-Making: Use data insights and mobile decision-support tools to make informed underwriting choices.
- Collaboration: Work within a regional underwriting team, supporting senior underwriters and managers to meet financial targets.
Skills & Experience Required
- Proven experience in commercial underwriting, ideally in property, liability, or motor fleet.
- Strong analytical and negotiation skills.
- Excellent interpersonal and communication abilities.
- Familiarity with FCA regulations and industry standards.
- Ability to work independently and manage a dynamic workload.
Qualifications
- Working towards or holding FIT / Cert / Dip CII qualifications is often encouraged.
- Continuous professional development is supported.
- Hybrid working model: typically 60% office-based or visiting clients.
- Flexible arrangements may be available.
- Competitive salary based on experience.
- Bonus opportunities.
- Career development programs and training support.
Seniority level
- Associate
Employment type
- Full-time
Job function
- Customer Service
Industries
- Insurance
Note: Referrals may increase chances of interviewing. This description reflects the role as posted and does not imply any changes to current employment status.
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Commercial Underwriter employer: ProFound
Contact Detail:
ProFound Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in commercial underwriting, especially in property and casualty insurance. This knowledge will help you engage in meaningful conversations during interviews and demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the insurance industry, particularly 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 managed risks and built broker relationships in your previous roles. Highlighting your achievements will set you apart from other candidates and show your potential value to our team.
✨Tip Number 4
Research StudySmarter's approach to underwriting and its company culture. Understanding our values and how we operate will allow you to tailor your responses during interviews and demonstrate why you're a great fit for our team.
We think you need these skills to ace Commercial Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in commercial underwriting, particularly in property, liability, and motor fleet. Use specific examples to demonstrate your analytical and negotiation skills.
Craft a Compelling Cover Letter: In your cover letter, emphasise your understanding of the role and how your background aligns with the responsibilities outlined. Mention your experience with broker relationship management and portfolio development.
Showcase Relevant Qualifications: If you hold or are working towards FIT / Cert / Dip CII qualifications, make this clear in your application. This shows your commitment to professional development and industry standards.
Highlight Soft Skills: Since excellent interpersonal and communication abilities are crucial for this role, provide examples of how you've successfully collaborated with teams or built relationships with clients and brokers.
How to prepare for a job interview at ProFound
✨Know Your Underwriting Basics
Make sure you brush up on your knowledge of commercial underwriting, especially in property, liability, and motor fleet. Be prepared to discuss specific examples from your experience that demonstrate your understanding of risk assessment and pricing.
✨Build Rapport with Brokers
Since broker relationship management is key in this role, think about how you can showcase your interpersonal skills. Prepare to share experiences where you've successfully built partnerships or resolved conflicts with brokers.
✨Demonstrate Analytical Skills
Be ready to discuss how you use data insights in your decision-making process. You might be asked to analyse a hypothetical scenario, so practice explaining your thought process clearly and logically.
✨Familiarise Yourself with FCA Regulations
Understanding FCA regulations is crucial for this position. Brush up on the relevant regulations and be prepared to discuss how they impact underwriting decisions and compliance in your previous roles.
