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For Companies At a Glance
- Tasks: Manage property and casualty workflows, evaluate risks, and develop new business strategies.
- Company: Join a leading firm in the insurance industry with a focus on innovation and teamwork.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Why this job: Make a real impact in the insurance sector while building valuable broker relationships.
- Qualifications: 8+ years in Property and Casualty Underwriting and a relevant degree.
- Other info: Dynamic work environment with a commitment to diversity and inclusion.
The predicted salary is between 36000 - 60000 £ per year.
Overview
The Senior Property and Casualty Underwriter is responsible for overseeing and managing property and casualty business workflows, providing technical expertise and ensuring adherence to underwriting guidelines. The role develops strategies for new business opportunities and portfolio retention and actively contributes to achieving business targets. They cultivate long-term broker relationships, while also supporting training for new staff in underwriting processes.
Location: London - UK - Fenchurch
Responsibilities
- Oversees and strategically manages workflows for new property and casualty business and renewals, showcasing advanced professionalism, technical expertise, and adherence to underwriting guidelines.
- Evaluates, prioritizes, and selects submissions and prices risks that will develop an underwriting profit for the carrier, refers or declines risks that present excessive risk.
- Drives risk assessment comprehensively, evaluating factors such as coverage value, location, usage, safety features, and other considerations to make informed decisions on risk acceptance.
- Determines appropriate coverage limits, insurance premiums, policy terms based on risk assessment, ensuring active portfolio management of complex property and casualty accounts.
- Negotiates terms and conditions with the broker, recognizes and creates cross sell opportunities for other products while ensuring compliance with regulations and guidelines.
- Develops strategic initiatives to create new business opportunities, maximizes retention of assigned portfolios and contributes significantly to achieving business targets.
- Manages internal and external relationships that will deliver superior customer service. Develops professional, long-term relationships with brokers and agents, expanding the book of business and operating within delegated authority limits.
- Partners with underwriting teams, fosters seamless communication, and optimizes task coordination to support the overall underwriting process.
- Provides accurate premium forecasts and business plans, contributes to budgeting processes and supports the achievement of performance targets.
- Optimizes underwriting processes, introduces new technologies, and aligns the department with broader organizational goals.
- Delivers training for new underwriters on underwriting guidelines, processes, and systems.
- Attends industry events and stays abreast of property and casualty underwriting trends, emerging risks in the sector, regulatory changes, and adjusts underwriting strategies accordingly.
Work Experience and Education
- Minimum of 8 years of experience in Property and Casualty Underwriting.
- Bachelor’s degree required; Risk Management, Actuarial and Business Administration preferred. Any other related discipline or commensurate work experience considered.
Licenses & Certifications
- Prescribed: Must meet minimum requirements for state P&C and/or surplus line licenses.
- Preferred: Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC).
Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions.
Construction Underwriter in City of London employer: Ryan Specialty
Contact Detail:
Ryan Specialty Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Construction Underwriter in City of London
✨Network Like a Pro
Get out there and connect with industry professionals! Attend events, join online forums, and don’t be shy about reaching out to people on LinkedIn. Building relationships can open doors to opportunities that aren’t even advertised.
✨Show Off Your Expertise
When you get the chance to chat with potential employers or brokers, make sure to highlight your experience in property and casualty underwriting. Share specific examples of how you've managed workflows or developed strategies that led to successful outcomes.
✨Follow Up After Interviews
After an interview, drop a quick thank-you email to express your appreciation for the opportunity. It’s a simple gesture that shows your enthusiasm and professionalism, and it keeps you fresh in their minds!
✨Apply Through Our Website
Don’t forget to check out our website for job openings! Applying directly through our platform not only streamlines the process but also shows your genuine interest in joining our team at StudySmarter.
We think you need these skills to ace Construction Underwriter in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Construction Underwriter role. Highlight your relevant experience in property and casualty underwriting, and don’t forget to showcase any technical expertise that aligns with the job description.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the role. Mention specific examples of how you've managed workflows or developed strategies in previous positions.
Showcase Your Relationship-Building Skills: Since this role involves cultivating long-term broker relationships, make sure to highlight your interpersonal skills. Share examples of how you've successfully built and maintained professional relationships in the past.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensure it gets the attention it deserves!
How to prepare for a job interview at Ryan Specialty
✨Know Your Underwriting Guidelines
Before the interview, make sure you’re well-versed in the underwriting guidelines relevant to property and casualty insurance. Brush up on the latest trends and regulations in the industry, as this will show your technical expertise and commitment to the role.
✨Showcase Your Relationship-Building Skills
Since cultivating long-term broker relationships is key, prepare examples of how you've successfully built and maintained professional relationships in the past. Be ready to discuss specific strategies you’ve used to enhance customer service and collaboration.
✨Demonstrate Risk Assessment Knowledge
Be prepared to discuss your approach to risk assessment. Think about how you evaluate factors like coverage value and safety features. You might even want to bring a case study or example from your experience that highlights your decision-making process.
✨Prepare for Technical Questions
Expect technical questions related to pricing risks and determining coverage limits. Review common scenarios you might face in the role and think through your responses. This will help you articulate your thought process clearly during the interview.
