At a Glance
- Tasks: Underwrite profitable business and develop strong broker relationships in the mining sector.
- Company: Join a leading global insurance organisation with a rich history and growth potential.
- Benefits: First-class training, inclusive culture, and opportunities for career advancement.
- Why this job: Make an impact in a dynamic industry while developing your professional skills.
- Qualifications: Relevant underwriting experience and knowledge of Lloyd’s standards required.
- Other info: Embrace a diverse workplace that values merit and fosters talent.
The predicted salary is between 36000 - 60000 £ per year.
Overview
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
Contact Detail:
Starr Underwriting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter - Mining and Process Industries
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or at events. We all know that sometimes it’s not just what you know, but who you know that can help you land that Senior Underwriter role.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Lloyd’s standards and the regulatory framework. We want you to be able to showcase your expertise and impress the hiring managers with your understanding of the industry.
✨Tip Number 3
Practice your negotiation skills! As an underwriter, you’ll need to demonstrate strong judgment and decision-making abilities. We suggest role-playing scenarios with friends or mentors to build your confidence.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Senior Underwriter - Mining and Process Industries
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Underwriter role. Highlight your relevant underwriting experience and any knowledge of Lloyd’s standards. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the mining and process industries. Show us how your analytical skills and business development experience can add value to our team.
Be Clear and Concise: When filling out your application, keep it clear and concise. We appreciate straightforward communication, so make sure your points are easy to understand and directly related to the role.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Starr Underwriting
✨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.
✨Showcase Your Analytical Skills
Prepare examples that highlight your analytical and problem-solving skills. Think of specific situations where you successfully assessed risk or made decisions based on data, as this will demonstrate your capability in underwriting.
✨Build Rapport with Brokers
Understand the importance of broker relationships in the underwriting process. Be ready to share your strategies for developing these relationships and how you’ve optimised opportunities in past roles.
✨Stay Updated on Market Trends
Research current trends in the mining and process industries, as well as any recent changes in regulations from the PRA and FCA. This knowledge will not only impress your interviewers but also show your commitment to informed decision-making.