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- Tasks: Evaluate broker submissions and prepare quotes for W&I risks.
- Company: Join QBE, a leading international insurer with a supportive culture.
- Benefits: Enjoy 30 days holiday, flexible working, and a generous pension plan.
- Other info: Be part of an award-winning company focused on innovation and employee growth.
- Why this job: Make a real impact in a dynamic team while enhancing your underwriting skills.
- Qualifications: Previous underwriting experience in Transactional Liability/W&I is essential.
The predicted salary is between 55000 - 65000 £ per year.
We have an exciting opportunity for an Underwriter to join our Transactional Liability team based in our London office, with flexibility for some remote work. QBE’s European Operations Transactional Liability team is recognised for its strong, hands-on experience in Warranty & Indemnity (W&I). Our superior products and services minimise risk, allowing for efforts to be focused on more critical responsibilities, like securing the deal.
In this role, you’ll be responsible for day-to-day tasks such as evaluating broker submissions, preparing quotes, and assisting the team with underwriting a broad spectrum of W&I risks.
Your new role:
- Underwrite business in accordance with the business plan and within our UK and European business.
- Perform underwriting activities in accordance with all legal and regulatory requirements to ensure obligations are met.
- Contribute to the recording and measurement of insurance risks to ensure accuracy and good practice.
- Maintain and develop relationships with stakeholders including customers, brokers, business partners and colleagues, to increase exposure in the market.
- Develop knowledge of market dynamics and market cycles to be able to support business performance.
- Underwrite insurance risks to meet business objectives including negotiating rates, terms and conditions for existing and new business, ensuring production and issue of contract certainty documentation and supporting credit control in payment collection.
- Support the review and analysis of the portfolio to identify progress towards business objectives.
About you:
- Previous Underwriting experience in Transactional Liability / W&I.
- Commercial ability to understand the key profit drivers to maximise long term wealth for our shareholders.
- Good knowledge of legal and regulatory requirements.
- Excellent organisational, prioritisation and interpersonal skills.
- Good negotiating skills, innovative in underwriting approach and programme design.
- Use of risk profiling and pricing tools and loss models.
Benefits:
- 30 days holiday a year with the option to buy up to 2 additional days.
- Flexible working - balancing work and life is important so our flexible working opportunities are open to all, this can include part-time, job share and compressed hours.
- Pension – you are automatically enrolled into the QBE pension plan, which entitles you to receive employer contributions of 10% of your basic salary.
Awards & Recognition:
We value our employee’s experience with us and are proud to have been recognised for various awards.
How to Apply:
To submit your application, click "Apply" and follow the step by step process.
Equal Employment Opportunity: QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.
Underwriter - Transactional Liability / W&I in London employer: QBE Insurance Group
Contact Detail:
QBE Insurance Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Transactional Liability / W&I in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. The more you engage with others, the better your chances of landing that Underwriter role.
✨Tip Number 2
Prepare for interviews by researching QBE and understanding their approach to Transactional Liability and W&I. Show them you’re not just another candidate; you’re genuinely interested in their mission and values.
✨Tip Number 3
Practice your negotiation skills! As an Underwriter, you’ll need to negotiate rates and terms. Role-play with a friend or use online resources to sharpen those skills before your interview.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining the QBE team.
We think you need these skills to ace Underwriter - Transactional Liability / W&I in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriter role. Highlight your previous underwriting experience in Transactional Liability and W&I, and don’t forget to showcase your skills in negotiation and risk management.
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 experience aligns with QBE’s mission. Keep it concise but impactful!
Showcase Your Soft Skills: While technical skills are crucial, don’t underestimate the power of soft skills. Emphasise your interpersonal skills and ability to build relationships with stakeholders, as these are key in underwriting.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s straightforward and ensures your application gets to the right people quickly!
How to prepare for a job interview at QBE Insurance Group
✨Know Your W&I Inside Out
Make sure you brush up on your knowledge of Warranty & Indemnity (W&I) insurance. Understand the key profit drivers and how they relate to underwriting. Being able to discuss specific examples of risks you've evaluated or deals you've secured will show your expertise.
✨Showcase Your Negotiation Skills
Prepare to discuss your negotiation strategies and experiences. Think of instances where you successfully negotiated rates or terms, and be ready to explain your approach. This is crucial for an Underwriter role, so highlight your innovative thinking in underwriting.
✨Build Relationships in the Interview
Since maintaining relationships with stakeholders is key, demonstrate your interpersonal skills during the interview. Be personable and engage with your interviewers. Ask insightful questions about their team dynamics and how they collaborate with brokers and clients.
✨Understand Market Dynamics
Familiarise yourself with current market trends and cycles in the insurance industry. Be prepared to discuss how these factors influence underwriting decisions. Showing that you can think critically about market conditions will set you apart as a candidate.