At a Glance
- Tasks: Manage property and casualty workflows, evaluate risks, and develop new business strategies.
- Company: Join a leading firm in the insurance sector with a commitment to diversity and inclusion.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Dynamic work environment with a focus on innovation and teamwork.
- Why this job: Make a real impact in the insurance industry while building long-term relationships.
- Qualifications: 8+ years in Property and Casualty Underwriting and a relevant Bachelor's degree.
The predicted salary is between 60750 - 74250 £ per year.
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
Job 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).
Senior FI Underwriter in London employer: Ryan Specialty
Ryan Specialty is an exceptional employer, offering a dynamic work environment in the heart of London’s legal sector. With a strong emphasis on employee growth, the company provides unique opportunities for legal professionals to develop their expertise in claims management while collaborating with cross-functional teams. The culture fosters innovation and strategic thinking, making it an ideal place for those looking to make a meaningful impact in the intersection of law and business.
StudySmarter Expert Advice🤫
We think this is how you could land Senior FI Underwriter in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Ryan Specialty). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Ryan Specialty. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Senior FI Underwriter in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Ryan Specialty.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Ryan Specialty. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Ryan Specialty
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Ryan Specialty to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Ryan Specialty, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Ryan Specialty's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
