At a Glance
- Tasks: Underwrite product recall solutions and manage relationships with brokers and clients.
- Company: Join Starr, a global leader in insurance and investment solutions.
- Benefits: First-class training, inclusive environment, and opportunities for career growth.
- Other info: Be part of a passionate team in a fast-growing global organisation.
- Why this job: Make a real impact in crisis management while developing your skills in a dynamic industry.
- Qualifications: Proven underwriting experience and strong communication skills required.
The predicted salary is between 50000 - 70000 £ per year.
About us
Starr is a global insurance and investment organisation providing property and casualty insurance solutions to business and industry. Starr has grown into one of the world’s fastest‑expanding insurance organisations, writing business in 128 countries across six continents. Our talented and experienced associates manage risk and ultimately support the profitable growth of organisations in a dynamic, competitive and ever-changing marketplace. Join us and become part of our talented and passionate workforce.
Role Purpose
Our Crisis Management team offer product recall solutions for a broad spectrum of product manufacturers including product contamination, auto and component recall liability, consumer goods recall, and others. Business is written on a global basis with primary focus on the USA. The key to success within this role will be a highly detailed and analytical underwriting approach, impactful relationship management and unparalleled sales skills. This is in addition to excellent organisational skills and the ability to think ahead and use initiative. You will need to thrive in a business development role and be able to demonstrate a skill for working with senior brokers/clients. You will need to take ownership of relationships and be confident these lead to profitable business.
Key Responsibilities
- Primarily underwrite the Product Recall section of the Crisis Management portfolio.
- Work closely with the Lead Underwriter to deliver the underwriting strategy for your class of business.
- Drive underwriting excellence across the Crisis Management book by ensuring adherence to risk appetite, lines setting, standards and guidelines, rating, and pricing adequacy.
- Ensure high quality underwriting, appropriate exposure assessment, contractual terms and adherence to respective rules and guidelines.
- Provide a compelling and knowledgeable service offering to brokers and clients, making Starr a go-to Market for Crisis Management business.
- Lead and develop close relationships with our partner brokers.
- Cultivate business development initiatives to grow the portfolio profitably, where desired.
- Own the development of our underwriting appetite, constantly analysing the portfolio and modifying appetite accordingly.
The above duties and responsibilities are not an exhaustive list, and you may be required to undertake other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.
Qualifications, skills and experience
- A proven track record of profitable underwriting or broking performance.
- An excellent Market reputation in the Product Recall market.
- Meaningful Broker and Client relationships and the ability to develop business from a variety of sources.
- Excellent communication skills, and the ability to deal comfortably with different types of people at all levels of seniority.
- Demonstrable experience of managing risks appropriately, applying judgement and being prepared to own and take responsibility for your decisions.
- Experience in the use (and ideally the development) of online trading portals and/or other automated placement systems.
Core behavioural competencies
- Analysis and decision making
- Innovation and problem solving
- Strategic perspective
- Commerciality
- Communication and influence
- Resilience and adaptability
Additional Information
Starr is an equal opportunity employer, which means we will 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.
Underwriter, Crisis Management in London employer: Starr
Starr is an exceptional employer that fosters a dynamic and inclusive work culture, offering first-class training and development opportunities for its employees. As part of the Crisis Management team, you will engage in meaningful work that directly impacts businesses globally, while enjoying the benefits of a supportive environment that prioritises professional growth and strong relationships with clients and brokers.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter, Crisis Management 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 Starr). 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 Starr. 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 Underwriter, Crisis Management 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 Starr.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Starr. 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 Starr
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Starr 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 Starr, 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 Starr'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.