Senior Underwriter - Mining and Process Industries
Senior Underwriter - Mining and Process Industries

Senior Underwriter - Mining and Process Industries

London Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Underwrite profitable business and develop broker relationships in the mining and process industries.
  • Company: Join Starr Insurance, a global leader in commercial property and casualty insurance since 1919.
  • Benefits: Enjoy first-class training, inclusive culture, and opportunities for personal and professional growth.
  • Why this job: Be part of a fast-growing company with a strong reputation and a commitment to social impact.
  • Qualifications: ACII qualification and relevant underwriting experience required; strong analytical and communication skills essential.
  • Other info: Starr is an equal opportunity employer, fostering an inclusive environment for all.

The predicted salary is between 43200 - 72000 £ per year.

Senior Underwriter – Mining and Process Industries Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world. Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents. Roles & Responsibilities Underwrite profitable business in accordance with business plans. Adhere to all Starr underwriting standards as outlined in the Underwriting Manual. Obtain sign-off for all business that is in excess of agreed authority levels or where any factor falls below rating guidelines. Adhere to rating tools and guidelines. Ensure that underwriting documentation, both paper and electronic, is accurate, complete, up-to-date and meet Lloyd’s standards. Ensure that the policy wordings and clauses are slip referenced and agreed. Ensure that all accounts are contract certain at the time of binding. Develop broker relationships and optimise opportunities to lead business. Explore client and company knowledge to identify and optimise cross-selling opportunities. Experience Relevant underwriting experience in the class of business; Knowledge of Lloyd’s Franchise Board standards, PRA and FCA regulatory framework; Good understanding of pricing/rating tools; Understanding of market wordings and clauses; Up-to-date knowledge of claims to inform future underwriting decisions. Skills Analytical and problem solving skills; Negotiation, judgment and decision making skills; Strong numeracy skills; Professional business writing and presentation skills; Strong communicator, both written and oral; Technical coaching; Business development; Report writing. Systems & IT Eclipse; Salesforce; MS Office – Excel, Access, Word and Outlook. Qualifications ACII. Starr is an equal opportunity employer, which means we\’ll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we\’re committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people. #J-18808-Ljbffr

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Contact Detail:

Starr Companies Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Underwriter - Mining and Process Industries

✨Tip Number 1

Familiarise yourself with the Lloyd’s Franchise Board standards and the PRA and FCA regulatory framework. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the industry.

✨Tip Number 2

Network with professionals in the mining and process industries. Attend industry events or join relevant online forums to build relationships that could lead to referrals or insider information about job openings.

✨Tip Number 3

Brush up on your analytical and problem-solving skills, as these are crucial for a Senior Underwriter role. Consider taking short courses or workshops that focus on these areas to enhance your expertise.

✨Tip Number 4

Prepare to discuss your experience with pricing and rating tools during interviews. Be ready to provide examples of how you've used these tools effectively in past roles to make informed underwriting decisions.

We think you need these skills to ace Senior Underwriter - Mining and Process Industries

Underwriting Expertise
Knowledge of Lloyd’s Franchise Board Standards
PRA and FCA Regulatory Framework Understanding
Pricing and Rating Tools Proficiency
Market Wordings and Clauses Familiarity
Claims Knowledge for Underwriting Decisions
Analytical Skills
Problem-Solving Skills
Negotiation Skills
Judgment and Decision-Making Skills
Strong Numeracy Skills
Professional Business Writing Skills
Presentation Skills
Strong Communication Skills
Technical Coaching
Business Development Skills
Report Writing Skills
Proficiency in Eclipse
Salesforce Experience
MS Office Suite (Excel, Access, Word, Outlook)

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant underwriting experience, particularly in the mining and process industries. Emphasise your knowledge of Lloyd’s standards and any specific tools or systems mentioned in the job description.

Craft a Compelling Cover Letter: Write a cover letter that showcases your analytical skills and problem-solving abilities. Mention specific examples of how you've successfully underwritten profitable business and developed broker relationships in the past.

Highlight Relevant Qualifications: Clearly state your ACII qualification and any other relevant certifications. This will demonstrate your commitment to professional development and your understanding of the regulatory framework.

Showcase Communication Skills: Since strong communication is key for this role, include examples of your professional writing and presentation skills. You might want to mention any experience you have in report writing or technical coaching.

How to prepare for a job interview at Starr Companies

✨Know Your Underwriting Standards

Familiarise yourself with Starr's underwriting standards and the Underwriting Manual. Be prepared to discuss how your previous experience aligns with these standards and how you can ensure compliance in your role.

✨Demonstrate Analytical Skills

Prepare examples that showcase your analytical and problem-solving skills. Discuss specific instances where you've successfully assessed risk and made informed underwriting decisions, particularly in the mining and process industries.

✨Build Rapport with Brokers

Highlight your experience in developing broker relationships. Be ready to share strategies you've used to optimise business opportunities and how you plan to leverage these relationships at Starr.

✨Showcase Technical Proficiency

Be well-versed in the systems mentioned in the job description, such as Eclipse and Salesforce. Prepare to discuss how you have used these tools in your previous roles to enhance efficiency and accuracy in underwriting processes.

Senior Underwriter - Mining and Process Industries
Starr Companies
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