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- Tasks: Join our FI team as an Assistant Underwriter, handling underwriting activities and building market relationships.
- Company: QBE is a global insurer focused on innovation and creating a supportive workplace culture.
- Benefits: Enjoy 30 days holiday, flexible working, private medical insurance, and sustainable investing options.
- Why this job: Gain exposure to the underwriting lifecycle in a collaborative environment with experienced colleagues.
- Qualifications: Experience in underwriting or support, strong analytical skills, and teamwork abilities are essential.
The predicted salary is between 28800 - 43200 ÂŁ per year.
We currently have an opportunity for an Assistant Underwriter within our FI (Financial Institutions) team. This is a great opportunity to join a team with long-standing, successful client relationships and define your career within FI underwriting. Surrounded by supportive, experienced colleagues this market-facing role will provide full exposure across the underwriting lifecycle.
Your new role
- 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 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 in accordance with the business plan and delegated underwriting authority to meet business objectives, referring as required, including negotiating rates, terms and conditions for existing and new business, ensuring compliance with internal and external regulations and guidelines, contributing to the business plan and objectives, and supporting credit control in payment collection.
- Apply the reinsurance programme to minimize the susceptibility to unknown risks.
- Contribute to the planning process through research and project work.
- Participate in meetings to support the development of strategy, share knowledge and best practice.
About you
- Experience in Underwriting or Underwriting support, ideally within Financial Lines.
- Good technical, analytical skills with the ability to interpret data and identify trends.
- Intermediate level understanding of relevant software including Excel and other departmental software packages.
- Team player with the ability to work collaboratively and develop strong working relationships.
- Flexible approach and ability to recognise and adapt to changing business requirements.
Why QBE?
At QBE, we want our people to feel rewarded and inspired to perform at their best, that’s why we have created “At My Best”. It’s our connection, our way of showing we have your back. We understand that one size doesn’t fit all and that priorities can change depending on your life stage. That is why our blend of wellbeing initiatives and benefits offer flexibility to suit what matters most to you.
With more than 13,000 people working across 27 countries, we’re big enough to make a real impact, but small enough to provide a friendly workplace, where people are down-to-earth, passionate, and kind.
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.
- Private medical insurance – we fund fully comprehensive private medical cover for you and all the family.
- Family friendly policies – we offer 26 weeks leave at full pay regardless of gender identity, sexual orientation or how you become a parent.
- Short term remote work abroad - you can request up to 20 days per year to work remotely from certain locations abroad.
- Sustainable investing - we believe sustainable integration is important for long term financial, environmental, and social outcomes.
- Cycle-to-Work – benefit from regular exercise whilst making your commute greener and cheaper, select and bike and/or accessories up to the value of £5,000.
Awards
Some of the awards QBE are proud to have won, been a finalist for, and shortlisted for include:
- AXCO Global Insurance Awards 2024 Winner: Network Management of the Year
- Insurance Business UK 5-Star Cyber Awards 2024: QBE rated as a 5-Star Cyber Insurer
- UK IT Industry Awards 2023 Winner: Green Technology Innovation of the Year
- Working Dads Employer Awards 2023 Winner: Parental Policies Award
- Insurance Post British Insurance Awards 2023: QBE rated as a 5-Star Employee
Inclusion of Diversity
We are striving to create a workplace culture where all our people feel included, and we are committed to building a diverse workforce that is reflective of the communities we operate in.
Assistant Underwriter - Financial Institutions FI employer: QBE Management Services (UK) Limited
Contact Detail:
QBE Management Services (UK) Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Underwriter - Financial Institutions FI
✨Tip Number 1
Familiarise yourself with the latest trends in the financial institutions sector. Understanding current market dynamics will not only help you in interviews but also demonstrate your proactive approach to learning and adapting.
✨Tip Number 2
Network with professionals already working in underwriting or financial institutions. Attend industry events or join relevant online forums to build connections that could provide insights or even referrals for the role.
✨Tip Number 3
Brush up on your technical skills, especially in Excel and any other software mentioned in the job description. Being able to showcase your proficiency during discussions can set you apart from other candidates.
✨Tip Number 4
Prepare thoughtful questions about the company culture and team dynamics. This shows your genuine interest in the role and helps you assess if it's the right fit for you, which is crucial for both you and the employer.
We think you need these skills to ace Assistant Underwriter - Financial Institutions FI
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in underwriting or underwriting support, particularly within Financial Lines. Use specific examples to demonstrate your technical and analytical skills.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention your ability to maintain relationships with stakeholders and your knowledge of market dynamics, as these are key aspects of the job.
Highlight Relevant Skills: In your application, emphasise your proficiency with software like Excel and any other departmental tools. Mention your teamwork abilities and flexibility in adapting to changing business requirements.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in underwriting.
How to prepare for a job interview at QBE Management Services (UK) Limited
✨Understand the Underwriting Process
Make sure you have a solid grasp of the underwriting lifecycle, especially in the context of financial institutions. Be prepared to discuss how you would approach underwriting activities and ensure compliance with legal and regulatory requirements.
✨Showcase Your Analytical Skills
Since the role requires good technical and analytical skills, be ready to demonstrate your ability to interpret data and identify trends. You might be asked to analyse a case study or provide examples from your past experience.
✨Build Rapport with Stakeholders
Highlight your experience in maintaining relationships with customers, brokers, and colleagues. Prepare examples of how you've successfully collaborated with others to achieve business objectives, as this is crucial for the role.
✨Be Adaptable and Flexible
The job description mentions the need for a flexible approach. Be ready to discuss how you've adapted to changing business requirements in the past and how you can bring that adaptability to the team.
