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For Companies At a Glance
- Tasks: Manage your own profit and loss account while underwriting diverse insurance portfolios.
- Company: Join a respected MGA team that values innovation and entrepreneurial spirit.
- Benefits: Enjoy flexible working, competitive salary, and opportunities for international travel.
- Why this job: Make your mark in the dynamic MGA sector with autonomy and support for growth.
- Qualifications: Significant underwriting experience, strong communication skills, and an entrepreneurial mindset required.
- Other info: Open to team moves and offers career advancement in a supportive environment.
The predicted salary is between 43200 - 72000 £ per year.
Are you an experienced Senior Underwriter with a passion for the MGA sector, or someone eager to transition into this dynamic environment? We have an exciting opportunity for a driven and entrepreneurial individual to join our client, a well-respected MGA team.
About the Role:
We’re seeking a Senior Underwriter who has experience in syndicates or D&O/E&O insurance, or someone with a desire to move into this sector. Ideal candidates will have managed their own book of business or be ready to take on this responsibility. You’ll have the autonomy to run your own profit and loss, with support in gaining capacity. This role is also open to a team move if desired.
Key Responsibilities:
- Profit & Loss Management: Take ownership of your own profit and loss account.
- Underwriting: Manage and underwrite a diverse portfolio, including D&O, E&O, and other specialty areas.
- Business Development: Build and grow your book of business with an entrepreneurial approach.
- Client Engagement: Develop and maintain strong relationships with clients and brokers.
- International Exposure: Travel internationally to expand market presence and engage with global clients.
- Capacity Building: Receive support in gaining capacity to enhance underwriting capabilities.
What We’re Looking For:
- Experience: Significant experience as an Underwriter, with a background in syndicates, D&O, E&O, or related lines (this is quite fluid if you have an alternative and strong niche).
- Self-Management: Proven ability to manage a profit and loss account and a book of business.
- Entrepreneurial Spirit: Driven and motivated with a strong desire to innovate and grow.
- International Market Knowledge: Experience in or willingness to engage with international markets is a plus.
- Communication Skills: Excellent negotiation and relationship-building abilities.
What We Offer:
- Competitive Salary: Highly negotiable based on experience and potential.
- Flexible Working: Enjoy the flexibility to work from home, with access to our London office as desired.
- Career Growth: Opportunity for career advancement and expansion of your book of business within a supportive MGA environment.
- Team Move: Open to moving a team if that’s your preference.
- International Travel: Engage with global clients and markets.
If you’re a motivated, forward-thinking Underwriter looking to make your mark in the MGA space, apply now and join a team that values innovation and success!
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Senior Underwriter employer: Red 10
Contact Detail:
Red 10 Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter
✨Tip Number 1
Familiarize yourself with the MGA sector and its unique challenges. Understanding the nuances of managing a profit and loss account in this environment will give you an edge during discussions.
✨Tip Number 2
Network with professionals already working in syndicates or D&O/E&O insurance. Building relationships with industry insiders can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Highlight your entrepreneurial spirit by showcasing any past experiences where you've successfully developed a book of business. This will demonstrate your capability to thrive in a dynamic environment.
✨Tip Number 4
Prepare to discuss your international market knowledge. If you have experience or a willingness to engage globally, be ready to share specific examples that illustrate your adaptability and understanding of diverse markets.
We think you need these skills to ace Senior Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in underwriting, especially in D&O and E&O insurance. Emphasize any entrepreneurial projects or business development initiatives you've led.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the MGA sector. Discuss your experience managing profit and loss accounts and how you plan to grow your book of business.
Highlight International Experience: If you have experience engaging with international markets, be sure to mention it. This role values international exposure, so any relevant travel or client engagement should be included.
Showcase Communication Skills: In your application, provide examples of your negotiation and relationship-building abilities. This is crucial for client engagement and will set you apart from other candidates.
How to prepare for a job interview at Red 10
✨Showcase Your Underwriting Experience
Be prepared to discuss your previous underwriting experience in detail, especially if it involves D&O or E&O insurance. Highlight specific examples of how you've managed your own book of business and the outcomes of your decisions.
✨Demonstrate Your Entrepreneurial Spirit
Since the role requires a driven and entrepreneurial approach, share instances where you've taken initiative or innovated in your previous roles. This could include successful business development strategies or unique client engagement methods.
✨Prepare for Profit & Loss Discussions
Understand the fundamentals of profit and loss management, as this is a key responsibility of the role. Be ready to explain how you have previously managed P&L accounts and any strategies you employed to enhance profitability.
✨Highlight International Market Knowledge
If you have experience with international markets, make sure to discuss it. If not, express your willingness to engage with global clients and how you plan to adapt to different market dynamics.
