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, development opportunities, and a commitment to inclusivity.
- Why this job: Be part of a fast-growing organization with a focus on professional growth and impactful work.
- Qualifications: ACII certification and relevant underwriting experience required; strong analytical and communication skills essential.
- Other info: Starr is an equal opportunity employer, fostering a diverse and inclusive workplace.
The predicted salary is between 43200 - 72000 £ per year.
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; and
- Report writing.
Systems & IT
- Eclipse;
- Salesforce; and
- 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.
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Senior Underwriter - Mining and Process Industries employer: Starr Underwriting Agents Ltd
Contact Detail:
Starr Underwriting Agents Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter - Mining and Process Industries
✨Tip Number 1
Make sure to familiarize yourself with the Lloyd’s Franchise Board standards and the PRA and FCA regulatory framework. This knowledge will not only help you in the interview but also demonstrate your commitment to understanding the industry.
✨Tip Number 2
Develop a solid understanding of pricing and rating tools relevant to the mining and process industries. Being able to discuss these tools confidently can set you apart from other candidates.
✨Tip Number 3
Network with professionals in the insurance and underwriting sectors, especially those who have experience in mining and process industries. Building relationships can provide valuable insights and potentially lead to referrals.
✨Tip Number 4
Stay updated on current trends and developments in the mining sector. This knowledge will not only enhance your discussions during interviews but also show your proactive approach to understanding the market.
We think you need these skills to ace Senior Underwriter - Mining and Process Industries
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Senior Underwriter position. Tailor your application to highlight relevant experience in underwriting, particularly in the mining and process industries.
Highlight Relevant Experience: In your CV and cover letter, emphasize your underwriting experience, especially any familiarity with Lloyd’s standards and regulatory frameworks. Use specific examples to demonstrate your analytical skills and decision-making abilities.
Showcase Communication Skills: Since strong communication is key for this role, ensure that your application reflects your professional business writing skills. Use clear and concise language, and consider including examples of successful negotiations or presentations you've conducted.
Tailor Your Documents: Customize your CV and cover letter for Starr Insurance Companies. Mention their commitment to inclusivity and development opportunities, and express how your values align with theirs. This shows that you are not only qualified but also a good cultural fit.
How to prepare for a job interview at Starr Underwriting Agents Ltd
✨Understand Underwriting Standards
Familiarize 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.
✨Showcase Analytical Skills
Highlight your analytical and problem-solving skills during the interview. Prepare examples of how you've used these skills in past underwriting scenarios, especially in relation to pricing and rating tools.
✨Demonstrate Relationship Building
Discuss your experience in developing broker relationships and optimizing business opportunities. Be ready to share specific examples of how you've successfully built partnerships in the past.
✨Prepare for Technical Questions
Brush up on your knowledge of Lloyd’s Franchise Board standards and the PRA and FCA regulatory framework. Expect technical questions that assess your understanding of market wordings and clauses, and be ready to explain how this knowledge informs your underwriting decisions.