Underwriter - Transactional Liability / W&I
Underwriter - Transactional Liability / W&I

Underwriter - Transactional Liability / W&I

Full-Time 55000 - 65000 £ / year (est.) Home office (partial)
QBE

At a Glance

  • Tasks: Evaluate broker submissions and prepare quotes for W&I risks.
  • Company: Join QBE, a leading insurance provider with a collaborative culture.
  • Benefits: 30 days holiday, flexible working, and a generous pension plan.
  • Other info: Opportunity for hybrid working and excellent career growth.
  • Why this job: Enhance your career in a dynamic environment with real impact on business success.
  • Qualifications: Previous underwriting experience and strong negotiation skills required.

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 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.

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 employer: QBE

QBE is an exceptional employer, offering a dynamic work environment in the heart of London with the flexibility of hybrid working. Employees benefit from a generous holiday allowance, a robust pension plan, and a culture that prioritises work-life balance, fostering both personal and professional growth. With a commitment to equal opportunity and a focus on developing strong relationships within the industry, QBE provides a rewarding platform for underwriters to thrive in their careers.
QBE

Contact Detail:

QBE Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Underwriter - Transactional Liability / W&I

✨Network Like a Pro

Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to current underwriters on LinkedIn. Building relationships can open doors that a CV just can’t.

✨Show Off Your Skills

When you get the chance to chat with potential employers, make sure to highlight your underwriting experience and knowledge of W&I. Use real examples to demonstrate how you've tackled challenges in the past – it’ll make you stand out!

✨Research the Company

Before any interview, do your homework on QBE and their Transactional Liability team. Understand their products, market position, and recent news. This shows you're genuinely interested and helps you tailor your answers to what they value.

✨Apply Through Our Website

Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re proactive and really keen on joining the team.

We think you need these skills to ace Underwriter - Transactional Liability / W&I

Underwriting Experience
Transactional Liability Knowledge
Warranty & Indemnity (W&I)
Legal and Regulatory Knowledge
Organisational Skills
Prioritisation Skills
Interpersonal Skills
Negotiation Skills
Innovative Underwriting Approach
Risk Profiling
Pricing Tools
Loss Models
Market Dynamics Understanding
Stakeholder Relationship Management

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 profiling.

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for our team. Mention your understanding of market dynamics and how you can contribute to our business objectives.

Showcase Your Organisational Skills: In your application, emphasise your excellent organisational and prioritisation skills. We want to see how you manage tasks effectively, especially when evaluating broker submissions and preparing quotes.

Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and get you on board with our exciting team!

How to prepare for a job interview at QBE

✨Know Your W&I Inside Out

Make sure you brush up on your knowledge of Warranty & Indemnity (W&I) before the interview. Understand the key profit drivers and how they relate to underwriting. This will show that you're not just familiar with the terms, but that you can apply them in real-world scenarios.

✨Showcase Your Negotiation Skills

Prepare examples of past negotiations you've been involved in, especially those related to underwriting. Be ready to discuss how you approached these situations and what the outcomes were. This will demonstrate your commercial ability and innovative approach to underwriting.

✨Build Rapport with Stakeholders

Think about how you can develop relationships with customers, brokers, and colleagues. During the interview, share your strategies for maintaining and enhancing these relationships. This will highlight your interpersonal skills and your understanding of the importance of collaboration in the underwriting process.

✨Stay Updated on Market Dynamics

Research current trends and cycles in the insurance market, particularly in Transactional Liability. Being able to discuss these insights during your interview will show that you're proactive and engaged with the industry, which is crucial for supporting business performance.

Underwriter - Transactional Liability / W&I
QBE

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