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For Companies At a Glance
- Tasks: Underwrite and price New Business while building strong relationships with Brokers.
- Company: Join Prospections, a forward-thinking company in the insurance market.
- Benefits: Enjoy a competitive salary, bonus, private health cover, and hybrid working.
- Why this job: Make an impact in a dynamic role with excellent career growth opportunities.
- Qualifications: Experience as a Commercial Underwriter with strong communication skills.
- Other info: Entry-level position with a focus on finance and sales in the insurance industry.
The predicted salary is between 36000 - 60000 £ per year.
New Business Commercial Underwriter – Prospections (International) Limited
You’ll be joining an innovative market with strong broker relationships, writing high‑quality new business across the main commercial classes. In this role you will focus on underwriting new business and building strong working relationships with your brokers, delivering exceptional customer service and attractive deals.
Referrals increase your chances of interviewing at Prospections (International) Limited by 2x.
Responsibilities
- Underwrite and price new business profitably and accurately
- Determine the desirability of accepting or rejecting business risks
- Identify, recommend, and evaluate additional risk assessment information
- Maintain and develop business relationships with brokers through regular contact and by staying abreast of their issues
- Assist colleagues with technical and procedural aspects of underwriting
Qualifications
- Strong experience as a commercial underwriter
- Track record of successful broker relationships
- Excellent interpersonal, communication, and negotiation skills
- Ability to build strong working relationships and deliver exceptional customer service
Benefits
- Company pension
- Bonus
- Private health cover
- Life assurance
- Car parking
- Hybrid working
Seniority level
Entry level
Employment type
Full‑time
Job function
Finance and Sales
Industry
Insurance
Location
Colchester, England, United Kingdom
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New Business Commercial Underwriter employer: Prospections (International) Limited
Contact Detail:
Prospections (International) Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land New Business Commercial Underwriter
✨Tip Number 1
Network like a pro! Reach out to your existing contacts in the insurance industry and let them know you're on the lookout for opportunities. You never know who might have a lead or be able to introduce you to someone at Prospections.
✨Tip Number 2
Prepare for those interviews by researching the company and its Broker relationships. Show us that you understand their market and can bring value to their team. Tailor your responses to highlight your experience in building strong working relationships.
✨Tip Number 3
Practice your negotiation skills! As a Commercial Underwriter, you'll need to demonstrate your ability to negotiate attractive deals. Role-play with a friend or mentor to get comfortable discussing terms and pricing.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace New Business Commercial Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the New Business Commercial Underwriter role. Highlight your experience in underwriting and any successful broker relationships you've built. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your skills align with what we're looking for. Be sure to mention your proactive approach and customer service skills.
Showcase Your Communication Skills: Since this role involves building strong relationships with Brokers, make sure your written application reflects your excellent communication skills. Keep it clear, concise, and professional – we love a good communicator!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss out on any important updates. Plus, it’s super easy!
How to prepare for a job interview at Prospections (International) Limited
✨Know Your Underwriting Basics
Make sure you brush up on your underwriting principles and practices. Understand the key factors that influence risk assessment and pricing, as this will show your potential employer that you're ready to hit the ground running.
✨Research the Company and Brokers
Dive deep into Prospections (International) Limited and their broker relationships. Knowing their market position and recent developments will help you tailor your answers and demonstrate genuine interest in the role.
✨Showcase Your Interpersonal Skills
Since building strong relationships with brokers is crucial, prepare examples of how you've successfully managed client relationships in the past. Highlight your communication and negotiation skills to prove you can deliver exceptional customer service.
✨Prepare Questions for Them
Have a few thoughtful questions ready to ask at the end of the interview. This shows your enthusiasm for the role and gives you a chance to learn more about their expectations and company culture.
