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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, performance bonuses, and comprehensive benefits including healthcare and pension.
- Why this job: Be part of a supportive team, mentor junior underwriters, and contribute to strategic development.
- 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, evaluated risks, and contributed to profitable growth in previous roles.
✨Tip Number 4
Showcase your mentoring skills by preparing examples of how you've supported junior team members in the past. Highlighting your ability to lead and develop others will align well with the responsibilities of the Senior Commercial Underwriter position.
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 specific achievements related to managing high-value accounts and any relevant qualifications like ACII or FCII.
Craft a Compelling Cover Letter: In your cover letter, emphasise your analytical skills and decision-making abilities. Mention how you have successfully developed relationships with brokers and clients, and how you can contribute to the strategic development of the underwriting division.
Showcase Relevant Experience: When detailing your work history, provide examples of how you've evaluated risks and provided tailored solutions. Highlight any mentoring roles you've taken on with junior underwriters to demonstrate your leadership capabilities.
Research the Company: Familiarise yourself with the company's underwriting guidelines and market practices. Understanding their approach will help you align your application with their expectations and show that you're genuinely interested in the role.
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 risk evaluation and analysis, make sure to illustrate your strong analytical skills. Discuss how you've used data to inform your underwriting decisions and provide tailored solutions for clients.
✨Emphasise Relationship Building
Building strong relationships with brokers and clients is key in this role. Share examples of how you've successfully developed and maintained these relationships, and how they contributed to business growth.
✨Prepare for Technical Questions
Expect technical questions related to commercial insurance products and market practices. Brush up on current trends and competitor activities, and be ready to discuss how you would approach product development and underwriting strategies.
