Construction Underwriter

Construction Underwriter

London Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join us as a Construction Underwriter, managing risks and underwriting profitable business.
  • Company: Starr Insurance Companies is a global leader in insurance and investment since 1919.
  • Benefits: Enjoy first-class training, development opportunities, and an inclusive work environment.
  • Why this job: Be part of a fast-growing company with a strong reputation and impactful work.
  • Qualifications: 2-3 years of relevant experience and studying for the ACII qualification required.
  • Other info: We value diversity and are committed to creating an inclusive workplace.

The predicted salary is between 36000 - 60000 £ per year.

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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 and Responsibilities

  • Fully understand the risk and seek further clarity as required.
  • 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.
  • Conduct Quality Assurance (QA) within 2 working days of binding or inception whichever is first.
  • Conduct Peer Reviews within 30 working days from QA to check the underwriting rationale, terms and conditions, pricing against Starr guidelines and the completeness of files.
  • Reconcile and report all premiums due versus received in order to manage credit control.
  • Complete the front sheet to ensure that all required information is included.
  • Enter schedule data and quotations accurately into the system.
  • Ensure that the reinsurance split in the system matches the underwriting stamp.
  • Ensure that the Underwriting Notes are complete.
  • Log all bound, quoted, working and declined risks into the business log immediately.
  • Ensure that the file is complete and contains all relevant documents. Obtain any outstanding items from the broker or underwriter in readiness for Peer Review.
  • Ensure that signings are accurate and are consistent with written confirmations.
  • Liaise with brokers to follow up on outstanding renewals.
  • Follow up on outstanding quotes with the relevant broker.

Experience

  • 2-3 years relevant Construction Underwriting experience.

Skills

  • Analytical and problem solving skills;
  • Negotiation, judgment and decision making skills;
  • Professional business writing and presentation skills;
  • Strong communicator, both written and oral.

Systems & IT

  • Eclipse;
  • Salesforce; and
  • MS Office – Excel, Access, Word and Outlook.

Qualifications

  • Studying for the 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.

Please note that if you are NOT a passport holder of the country for the vacancy you might need a work permit. Check our Blog for more information.

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Created on 30/06/2025 by TN United Kingdom

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Construction Underwriter employer: Starr Insurance Companies

Starr Insurance Companies is an exceptional employer, offering a dynamic work environment that fosters professional growth and development in the field of Construction Underwriting. With a commitment to inclusivity and merit-based advancement, employees benefit from first-class training opportunities and a supportive culture that encourages collaboration and innovation. Located in a global hub, Starr provides unique exposure to diverse markets and the chance to build meaningful relationships with brokers and clients worldwide.
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Contact Detail:

Starr Insurance Companies Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Construction Underwriter

✨Tip Number 1

Familiarise yourself with the specific underwriting standards and guidelines of Starr Insurance Companies. Understanding their unique requirements will help you demonstrate your knowledge during interviews and discussions.

✨Tip Number 2

Network with professionals in the construction underwriting field, especially those who have experience with Starr. Engaging with current employees or industry contacts can provide valuable insights and potentially lead to referrals.

✨Tip Number 3

Brush up on your analytical and problem-solving skills, as these are crucial for the role. Consider taking online courses or workshops that focus on these areas to enhance your capabilities and make you a more attractive candidate.

✨Tip Number 4

Prepare to discuss your previous underwriting experiences in detail, particularly any relevant construction projects. Be ready to explain how you assessed risks and made decisions, as this will showcase your expertise and fit for the role.

We think you need these skills to ace Construction Underwriter

Analytical Skills
Problem-Solving Skills
Negotiation Skills
Judgment and Decision-Making Skills
Professional Business Writing
Presentation Skills
Strong Communication Skills
Attention to Detail
Knowledge of Underwriting Standards
Familiarity with Rating Tools and Guidelines
Experience with Quality Assurance Processes
Proficiency in Eclipse and Salesforce
Advanced MS Office Skills (Excel, Access, Word, Outlook)
Ability to Develop Broker Relationships
Cross-Selling Opportunity Identification

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities of a Construction Underwriter. Familiarise yourself with the key tasks mentioned in the job description, such as risk assessment and adherence to underwriting standards.

Tailor Your CV: Highlight your relevant experience in construction underwriting. Emphasise your analytical skills, problem-solving abilities, and any specific software knowledge like Eclipse or Salesforce that aligns with the job requirements.

Craft a Strong Cover Letter: Write a compelling cover letter that showcases your understanding of the insurance industry and your passion for the role. Mention how your skills and experiences make you a perfect fit for Starr Insurance Companies.

Proofread Your Application: Before submitting, carefully proofread your CV and cover letter. Ensure there are no spelling or grammatical errors, and that all information is accurate and up-to-date. A polished application reflects professionalism.

How to prepare for a job interview at Starr Insurance Companies

✨Know Your Underwriting Standards

Familiarise yourself with Starr's underwriting standards and guidelines. Be prepared to discuss how you would apply these in real scenarios, demonstrating your understanding of risk assessment and decision-making.

✨Showcase Your Analytical Skills

Prepare examples that highlight your analytical and problem-solving skills. Discuss specific situations where you've successfully assessed risks or made decisions that led to profitable outcomes.

✨Build Rapport with Brokers

Since developing broker relationships is key, think about how you can demonstrate your communication skills. Share experiences where you've effectively built relationships or optimised business opportunities through collaboration.

✨Be Ready for Technical Questions

Expect technical questions related to construction underwriting and the systems mentioned, like Eclipse and Salesforce. Brush up on your knowledge of these tools and be ready to explain how you've used them in past roles.

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