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- Tasks: Support Senior Underwriter in evaluating risks and processing applications for Financial Failure Insurance.
- Company: Join a well-established insurance business within a global group.
- Benefits: Competitive salary, hybrid work, and opportunities for professional development.
- Other info: Dynamic team environment with a focus on diversity and inclusion.
- Why this job: Kickstart your career in underwriting with hands-on experience and mentorship.
- Qualifications: Degree in Finance or related field; strong analytical and communication skills.
The predicted salary is between 30000 - 40000 £ per year.
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.
Qualifications:
- 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.
Junior Underwriter in London employer: Sure Exec Search
Contact Detail:
Sure Exec Search Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Junior Underwriter in London
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those working as underwriters. A friendly chat can lead to valuable insights and even job leads. Don’t forget to connect with us at StudySmarter for more tips!
✨Tip Number 2
Prepare for interviews by practising common underwriting scenarios. Think about how you would assess risks or handle client communications. We can help you with mock interviews to boost your confidence!
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've used data analysis in past roles or projects. This will demonstrate your fit for the Junior Underwriter position and make you stand out.
✨Tip Number 4
Apply through our website for a smoother process! It’s quick and easy, plus you’ll get updates directly from us. Don’t miss out on this opportunity to kickstart your career in underwriting!
We think you need these skills to ace Junior Underwriter in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Junior Underwriter role. Highlight your analytical skills and any relevant experience in finance or risk assessment. We want to see how you fit into our team!
Showcase Your Communication Skills: Since you'll be liaising with brokers and clients, it's crucial to demonstrate your excellent verbal and written communication skills. Use clear and concise language in your application to reflect this.
Be Detail-Oriented: Attention to detail is key in underwriting. Make sure your application is free from errors and clearly organised. This will show us that you can maintain accurate records and handle compliance effectively.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates about the process!
How to prepare for a job interview at Sure Exec Search
✨Know Your Numbers
As a Junior Underwriter, you'll be dealing with financial data regularly. Brush up on your financial analysis skills and be prepared to discuss how you would assess risk based on financial statements. Familiarity with key metrics will impress your interviewers.
✨Showcase Your Analytical Skills
Highlight your analytical capabilities during the interview. Prepare examples of how you've used data to make decisions in past roles or projects. This will demonstrate your methodical approach to underwriting and your ability to evaluate risks effectively.
✨Understand the Role
Make sure you have a solid grasp of what a Junior Underwriter does. Review the job description thoroughly and be ready to discuss how your skills align with the responsibilities, such as application review and premium calculations. This shows you're genuinely interested in the position.
✨Prepare Questions
Interviews are a two-way street! Prepare thoughtful questions about the company’s underwriting processes, team dynamics, and opportunities for professional development. This not only shows your enthusiasm but also helps you gauge if the company is the right fit for you.