At a Glance
- 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.
- Other info: Flexible working arrangements may be available to suit your lifestyle.
- 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.
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 in Southampton employer: ProFound
Profound is an exceptional employer that fosters a vibrant work culture in the heart of London, where innovation meets collaboration. With a strong emphasis on employee growth, we offer comprehensive benefits and opportunities for professional development, ensuring that our team members thrive while driving impactful engagement with our cutting-edge marketing platform. Join us to be part of a dynamic environment that values your contributions and supports your career aspirations.
StudySmarter Expert Advice🤫
We think this is how you could land Commercial Underwriter in Southampton
✨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 ProFound). 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 ProFound. 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 Commercial Underwriter in Southampton
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 ProFound.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at ProFound. 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 ProFound
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at ProFound 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 ProFound, 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 ProFound'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.
