At a Glance
- Tasks: Assist with underwriting and support senior team members in the UK War Risks portfolio.
- Company: Join a leading insurance firm with a focus on marine and war risks.
- Benefits: Gain valuable experience, competitive salary, and opportunities for professional development.
- Other info: Based in London with potential travel opportunities and strong team collaboration.
- Why this job: Kickstart your career in insurance while making a real impact in a dynamic field.
- Qualifications: Attention to detail, critical thinking, and a desire to learn are essential.
The predicted salary is between 30000 - 40000 £ per year.
To assist with underwriting the UK War Risks portfolio and provide underwriting support to the Senior Underwriter, Development Underwriter and Chief Underwriting Officer.
Roles and responsibilities
- Develop thorough knowledge of the Club’s cover and Rules.
- Ensure in-depth knowledge of underwriting guidelines/instructions and adhere to them in every respect.
- Maintain suitable records to demonstrate adherence to underwriting guidelines and parameters, and management sign off where required.
- Draft new Member profiles for new entries for review and sign off.
- Direct dealings with Brokers and Members on day-to-day underwriting issues.
- Develop knowledge of wider war insurance market – providers, coverage offered.
- Develop ability to offer advice to Members and Brokers in relation to war insurance coverage.
- Be proactive in both increasing production of new business enquiries and retention of existing Members, in accordance with underwriting guidelines.
- Provide underwriting quotation and terms to new and existing members subject to relevant sign off.
- Maintain frequent dialogue with claims colleagues regarding claims developments.
- Co-ordination and organisation of all underwriting matters including preparation of quotations, cover confirmations and documentation.
- Ensure swift turnaround of all underwriting enquiries and new business enquiries, giving priority to key accounts and key targets.
- Ensure all underwriting administration is performed quickly and accurately, that documentation is correct and issued within a timely fashion.
- Ensure all member and entry details held on the systems are up to date.
- Assist Finance colleagues with credit control activities.
Person specification
- High level of attention to detail and accuracy.
- Demonstrate critical thinking, curiosity and a desire to learn.
- Demonstrate a proactive approach, offering to take on tasks, identify projects.
- 18 months’ minimum marine (preferably war) insurance experience.
- Willing to work towards CII qualification.
- Knowledge of the marine mutual sector an advantage.
- Strong team working skills.
- A high standard of technology skills is required particularly Excel, Word, PowerPoint.
Additional requirements
- Based in London office but be willing and able to travel if required.
Trainee Underwriter employer: Thomas Miller
Contact Detail:
Thomas Miller Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Trainee Underwriter
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those involved in war risks. Attend events, join online forums, and don’t be shy about asking for informational interviews. You never know who might have a lead on a job!
✨Tip Number 2
Show off your skills! When you get the chance to chat with potential employers, highlight your attention to detail and critical thinking. Share examples of how you've tackled challenges in previous roles or projects, especially related to marine insurance.
✨Tip Number 3
Be proactive! If you see a company you're interested in, don’t wait for them to post a job. Reach out directly and express your interest in working with them. Tailor your message to show how your skills align with their needs in underwriting.
✨Tip Number 4
Keep learning! Stay updated on the latest trends in the war insurance market. This will not only help you in interviews but also show your commitment to the field. Plus, consider applying through our website for the best chances at landing that Trainee Underwriter role!
We think you need these skills to ace Trainee Underwriter
Some tips for your application 🫡
Know the Role Inside Out: Before you start writing your application, make sure you understand the Trainee Underwriter role and its responsibilities. Familiarise yourself with the UK War Risks portfolio and the underwriting guidelines so you can tailor your application to show how you fit the bill.
Show Off Your Attention to Detail: As a Trainee Underwriter, attention to detail is key. When crafting your application, double-check for any typos or errors. Use clear and concise language to demonstrate your ability to maintain accurate records and documentation.
Highlight Your Curiosity and Proactivity: We love candidates who are eager to learn and take initiative. In your application, share examples of how you've shown curiosity in your previous roles or projects. This will help us see your potential to grow within the team.
Apply Through Our Website: Make sure to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it shows you’re serious about joining our team!
How to prepare for a job interview at Thomas Miller
✨Know Your Stuff
Make sure you have a solid understanding of the UK War Risks portfolio and the Club’s cover and Rules. Brush up on underwriting guidelines and be ready to discuss how you would apply them in real scenarios.
✨Show Off Your Attention to Detail
Since this role requires a high level of accuracy, prepare examples from your past experiences where your attention to detail made a difference. Be ready to explain how you maintain records and ensure compliance with guidelines.
✨Be Proactive
Demonstrate your proactive approach by discussing times when you took the initiative to solve problems or improve processes. This will show that you’re not just waiting for tasks but are eager to contribute.
✨Engage with the Market
Familiarise yourself with the wider war insurance market, including key providers and coverage options. Being able to discuss current trends or challenges in the industry will impress your interviewers and show your genuine interest.