At a Glance
- Tasks: Lead a team of Underwriters, manage renewals, and evaluate risks.
- Company: Join a dynamic insurance firm in Southend on Sea, Essex.
- Benefits: Enjoy a generous salary and benefits package with growth opportunities.
- Why this job: Make an impact by developing a high-performing team and building broker relationships.
- Qualifications: Commercial underwriting experience and strong leadership skills are essential.
- Other info: Submit your CV or contact Su Partridge for more details.
The predicted salary is between 43200 - 72000 £ per year.
Salary: Not specified
Location: Southend on Sea, Essex
Job Type: Permanent
Ref: SJP230831
As a Senior Underwriter, you will be responsible for managing a team of Underwriters and Assistant Underwriters and overseeing the renewal underwriting process. You will have expertise in evaluating risk, analysing policy renewals, and maintaining broker relationships.
In addition, your strong leadership, and people management skills will be crucial in guiding and developing a high-performing team.
The role will include a product suite consisting of commercial combined, property owners, retail package, primary liability, excess liability, contract works, contractors’ plant and equipment
Responsibilities
- Covering business and policies within Commercial Combined, Property Owners, Retail Package, General Liability, Contractors Liability
- Maintain premium income per binder in line with projections and company strategy.
- Developing broker relationships to become a key referral point for brokers.
- Identifying renewal threats and assist handlers on renewal strategy
- Ensure compliance with best practice procedures (processes and timescales)
- Review and update renewal template letters to brokers (invitations and document issuing)
- Filter referrals to insurers
- A technical referral point, for the renewals team
Experience & Knowledge
- Commercial underwriting experience is essential, specifically Property and Liability, ideally in all or some of the products mentioned above.
- Previous experience in setting clear goals and objectives, monitoring progress, and providing regular feedback and coaching to ensure team members’ growth.
- Excellent analytical and problem-solving skills, with the ability to evaluate complex risks and make informed decisions.
- Experience in dealing with Commercial brokers/ Insurers.
- Experience working in a small team in SME organisations.
- Experience in underwriting with delegated authority or underwriting licences
- Proven track record of developing new and existing relationships with key brokers.
- Ability to work in as a team and on own initiative.
- Experience in using software systems for underwriting and administration.
Skill Set
• Exceptional Leadership and Management skills
• Excellent organisation skills
• Strong communication and interpersonal skills
Generous Salary and Benefits Package.
Please submit your CV for consideration, or alternately contact Su Partridge FIRP for further information
The Recruiter Insurance Specialists are acting as a Recruitment Agency.
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Senior Underwriter employer: The Recruiter Ltd
Contact Detail:
The Recruiter Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter
✨Tip Number 1
Make sure to highlight your leadership experience in previous roles. As a Senior Underwriter, you'll be managing a team, so showcasing your ability to guide and develop others will set you apart.
✨Tip Number 2
Familiarise yourself with the specific products mentioned in the job description, such as Commercial Combined and Property Owners. Being able to discuss these in detail during an interview will demonstrate your expertise and readiness for the role.
✨Tip Number 3
Network with professionals in the insurance industry, especially those who work with commercial brokers. Building relationships can provide valuable insights and potentially lead to referrals that could help you land the job.
✨Tip Number 4
Prepare to discuss your analytical skills and problem-solving abilities. Be ready to share examples of how you've evaluated complex risks and made informed decisions in past underwriting roles.
We think you need these skills to ace Senior Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your commercial underwriting experience, particularly in Property and Liability. Emphasise your leadership skills and any relevant achievements that demonstrate your ability to manage a team effectively.
Craft a Compelling Cover Letter: Write a cover letter that showcases your expertise in evaluating risk and managing broker relationships. Mention specific examples of how you've successfully developed new relationships or improved existing ones in your previous roles.
Highlight Relevant Skills: In your application, focus on your analytical and problem-solving skills. Provide examples of complex risks you've evaluated and the informed decisions you've made as a result. This will show your capability to handle the responsibilities of the role.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial in underwriting.
How to prepare for a job interview at The Recruiter Ltd
✨Showcase Your Leadership Skills
As a Senior Underwriter, your ability to lead and manage a team is crucial. Be prepared to discuss your previous experiences in leading teams, setting goals, and providing feedback. Highlight specific examples where your leadership made a positive impact.
✨Demonstrate Your Technical Knowledge
Make sure you are well-versed in the products mentioned in the job description, such as Commercial Combined and Property Owners. Be ready to discuss your experience with these products and how you've evaluated risks in the past.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and decision-making abilities. Prepare to discuss scenarios where you identified renewal threats or developed strategies to maintain broker relationships effectively.
✨Research the Company and Its Culture
Understanding the company's values and culture can give you an edge. Familiarise yourself with their approach to underwriting and any recent news or developments. This will help you tailor your responses and show genuine interest in the role.