At a Glance
- Tasks: Join our team as a Junior Underwriter, supporting risk assessment and application processing.
- Company: Be part of a leading insurance business within a global group, known for its growth and stability.
- Benefits: Enjoy a hybrid work arrangement and opportunities for professional development.
- Why this job: Kickstart your career in underwriting with hands-on experience and a supportive team culture.
- Qualifications: A degree in Finance, Economics, or Business is required; analytical skills are a must.
- Other info: We value diversity and encourage all candidates to apply.
The predicted salary is between 28800 - 42000 £ per year.
This range is provided by Sure Exec Search. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range
Direct message the job poster from Sure Exec Search
Senior Associate – Finance & Fintech Recruitment | UK & Dubai
Location: Bromley, London
Work Arrangement: Hybrid
Start Date: Immediate
Our client, a well-established and expanding insurance business that forms part of one of the world’s largest insurance groups, is seeking a talented Junior Underwriter to join their team. You will support the Senior Underwriter in evaluating and assessing risk for new and existing applications, in the mid-market portfolio of their Financial Failure Insurance product.
This role is ideal for someone with strong analytical capabilities and a keen interest in developing a long-term career in underwriting.
Role Responsibilities:
- Application Review: Review B2B application documents for completeness and accuracy.
- Risk Assessment: Assess financial information and utilise industry and internal expertise to evaluate risk and calculate policy terms and conditions.
- Process Applications: Handle day-to-day processing of applications, including quotations, endorsements, cancellations and underwriting documentation.
- Underwriting Support: Assist in underwriting decisions for Financial Failure Insurance in accordance with company guidelines.
- Data Analysis: Collate and interpret data from a range of sources, including credit reports and financial statements.
- Report Preparation: Prepare underwriting summaries and provide informed recommendations to senior underwriters.
- Client Communication: Liaise with brokers, agents, and clients to clarify application details and request necessary information.
- Record Maintenance: Maintain accurate records in underwriting systems and support the team in adhering to compliance and regulatory standards.
- Premium Calculations: Process premium calculations for small businesses and prepare rate and risk comparison reports.
- Professional Development: Continuously develop knowledge of industry trends, underwriting procedures, and company policies.
- Degree in Finance, Economics, Business or a related field.
- Familiarity with financial analysis or risk assessment.
- Strong analytical skills, and a methodical approach to decision-making.
- Excellent verbal and written communication, with a customer-focused attitude.
- High attention to detail and organisational skills.
- Proficiency in Microsoft Office Suite and comfortable with underwriting software.
- Ability to work effectively as part of a team and independently.
- A basic understanding of underwriting principles.
- Progress towards relevant professional qualifications (e.g. CII).
If you are passionate about this opportunity and meet the qualifications and skills outlined, we encourage you to promptly submit your CV for consideration. Please note that the duties mentioned above are not exhaustive, and the role\’s responsibilities may evolve in response to changing circumstances and requirements.
Sure Commercial Limited (trading as Sure Exec Search) is a proud Equal Opportunities employer and does not discriminate against any candidate on the grounds of age, disability, sex, gender identity, sexual orientation, pregnancy and maternity, race, religion or belief, marriage and civil partnerships, or other applicable legally protected characteristics. Our Diversity, Equity, and Inclusion Policy is available on request.
Seniority level
-
Seniority level
Not Applicable
Employment type
-
Employment type
Full-time
Job function
-
Job function
Finance
-
Industries
Insurance
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Junior Underwriter employer: Sure Exec Search
Contact Detail:
Sure Exec Search Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Junior Underwriter
✨Tip Number 1
Familiarise yourself with the key responsibilities of a Junior Underwriter, especially in risk assessment and data analysis. This will help you speak confidently about your understanding of the role during interviews.
✨Tip Number 2
Network with professionals in the insurance industry, particularly those working in underwriting. Attend relevant events or join online forums to gain insights and potentially get referrals.
✨Tip Number 3
Stay updated on industry trends and news related to financial failure insurance. This knowledge can set you apart in discussions and demonstrate your genuine interest in the field.
✨Tip Number 4
Consider pursuing relevant professional qualifications, such as those offered by the Chartered Insurance Institute (CII). Mentioning your progress towards these qualifications can show your commitment to the profession.
We think you need these skills to ace Junior Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Junior Underwriter role. Emphasise your analytical capabilities, attention to detail, and any familiarity with financial analysis or risk assessment.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for underwriting and your understanding of the insurance industry. Mention specific experiences that demonstrate your ability to assess risk and process applications effectively.
Highlight Relevant Qualifications: If you have a degree in Finance, Economics, Business, or a related field, make sure to mention it prominently. Also, include any progress towards professional qualifications like CII, as this shows your commitment to the field.
Showcase Communication Skills: Since the role involves liaising with brokers, agents, and clients, highlight your excellent verbal and written communication skills. Provide examples of how you've successfully communicated complex information in previous roles.
How to prepare for a job interview at Sure Exec Search
✨Understand the Role
Make sure you have a clear understanding of what a Junior Underwriter does. Familiarise yourself with the responsibilities listed in the job description, such as application review and risk assessment. This will help you answer questions confidently and demonstrate your interest in the role.
✨Showcase Your Analytical Skills
Since strong analytical capabilities are crucial for this position, prepare examples from your past experiences where you've successfully analysed data or assessed risks. Be ready to discuss how you approach problem-solving and decision-making in a methodical way.
✨Prepare Questions
Interviews are a two-way street, so come prepared with thoughtful questions about the company, team dynamics, and growth opportunities. This shows your enthusiasm for the role and helps you gauge if the company is the right fit for you.
✨Demonstrate Communication Skills
As a Junior Underwriter, you'll need to communicate effectively with clients and colleagues. Practice articulating your thoughts clearly and concisely. You might even want to prepare a brief summary of a complex topic to showcase your ability to simplify information.