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- Tasks: Lead underwriting of complex commercial insurance accounts and manage high-value portfolios.
- Company: Join a dynamic company focused on profitable growth and innovative insurance solutions.
- Benefits: Enjoy competitive salary, bonuses, healthcare, and career development opportunities.
- Why this job: Be part of a supportive team, mentor others, and shape the future of underwriting.
- Qualifications: Extensive experience in commercial underwriting and strong analytical skills required.
- Other info: Relevant professional qualifications like ACII or FCII are highly desirable.
The predicted salary is between 43200 - 72000 £ per year.
Location: London, United Kingdom
Salary: Competitive, based on experience
Job Purpose: To lead the underwriting of complex commercial insurance accounts, ensuring profitable growth and compliance with company policies. The role involves managing high-value portfolios, mentoring junior underwriters, and contributing to the strategic development of the underwriting division.
Key Responsibilities:
- Underwrite and manage a portfolio of commercial insurance accounts, ensuring profitability and adherence to underwriting guidelines.
- Evaluate and analyse risks, providing expert recommendations and solutions tailored to client needs.
- Develop and maintain strong relationships with brokers, clients, and other stakeholders to drive business growth.
- Act as a referral point for junior underwriters, providing guidance and support to enhance team performance.
- Collaborate with actuarial, claims, and product development teams to ensure accurate pricing and risk assessment.
- Monitor market trends and competitor activities to identify opportunities and threats.
- Contribute to the development of new products and underwriting strategies.
- Ensure compliance with regulatory requirements and company policies.
Skills and Qualifications:
- Extensive experience in commercial underwriting, with a proven track record of managing high-value accounts.
- Strong analytical and decision-making skills.
- Excellent communication and negotiation abilities.
- In-depth knowledge of commercial insurance products and market practices.
- Relevant professional qualifications, such as ACII or FCII, are highly 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, healthcare, and professional development opportunities.
- Career progression within a dynamic and supportive environment.
Senior Commercial Underwriter employer: ProFound
Contact Detail:
ProFound Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Commercial Underwriter
✨Tip Number 1
Network with professionals in the insurance industry, especially those who are already working as underwriters. Attend industry events or join relevant online forums to connect with potential colleagues and learn about the latest trends in commercial underwriting.
✨Tip Number 2
Familiarise yourself with the specific commercial insurance products that StudySmarter deals with. Understanding our offerings will not only help you during interviews but also demonstrate your genuine interest in the role and the company.
✨Tip Number 3
Prepare to discuss your experience with high-value accounts in detail. Be ready to share specific examples of how you've successfully managed portfolios and contributed to profitability, as this is a key aspect of the Senior Commercial Underwriter role.
✨Tip Number 4
Showcase your mentoring skills by highlighting any experience you have in guiding junior underwriters. This will be crucial for the role, as you'll be expected to support and develop less experienced team members.
We think you need these skills to ace Senior Commercial Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your extensive experience in commercial underwriting. Focus on your track record of managing high-value accounts and include specific examples that demonstrate your analytical and decision-making skills.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background aligns with the key responsibilities, such as mentoring junior underwriters and collaborating with various teams.
Highlight Relevant Qualifications: If you have professional qualifications like ACII or FCII, be sure to mention them prominently in your application. This will show that you meet the desired qualifications and are committed to your professional development.
Showcase Relationship Management Skills: Emphasise your ability to develop and maintain strong relationships with brokers and clients. Provide examples of how you've driven business growth through effective communication and negotiation.
How to prepare for a job interview at ProFound
✨Showcase Your Expertise
As a Senior Commercial Underwriter, it's crucial to demonstrate your extensive experience in managing high-value accounts. Be prepared to discuss specific examples of complex underwriting cases you've handled and the outcomes achieved.
✨Highlight Analytical Skills
Given the role's emphasis on evaluating and analysing risks, make sure to illustrate your strong analytical skills. Share instances where your decision-making led to profitable outcomes or innovative solutions tailored to client needs.
✨Emphasise Relationship Building
Building strong relationships with brokers and clients is key in this role. Prepare to talk about how you've successfully developed and maintained these relationships in the past, and how they contributed to business growth.
✨Demonstrate Team Leadership
Since mentoring junior underwriters is part of the job, be ready to discuss your leadership style and experiences. Share how you've supported team performance and contributed to a collaborative environment.
