At a Glance
- Tasks: Manage a portfolio, underwrite risks, and collaborate with brokers and customers.
- Company: Join the UK's leading Insurance, Wealth, and Retirement business.
- Benefits: Enjoy competitive salary, bonus opportunities, generous holidays, and flexible working options.
- Why this job: Advance your career in a supportive team focused on customer outcomes and industry trends.
- Qualifications: Experience in underwriting Surety risks and understanding UK regulations is essential.
- Other info: We embrace diversity and encourage applicants from all backgrounds to apply.
The predicted salary is between 36000 - 60000 £ per year.
We have a fantastic opportunity for a Surety Underwriter to join our supportive and productive team. You will be responsible for managing a portfolio of business, underwriting risks, and identifying market trends and customer needs. This is an excellent role for someone eager to advance their career within the UK’s leading Insurance, Wealth, and Retirement business!
About the job:
- Manage and grow a profitable portfolio of business.
- Underwrite risks in line with regulatory requirements, internal controls, and legislation.
- Work closely with brokers and customers to manage policies end-to-end.
- Conduct audits and process reviews.
- Support the implementation of policy and procedure changes.
- Collaborate with other teams to resolve underwriting issues and ensure smooth operations.
- Stay informed on industry trends and regulatory developments, contribute to projects, and focus on delivering excellent customer outcomes.
Skills and experience required:
- Underwriting Expertise: Experience in underwriting Surety risks, including new business and renewals in the UK market.
- Regulatory Knowledge: Understanding of UK regulations, controls, contracts, and relevant legislation affecting Surety underwriting.
- Portfolio Management: Ability to manage a profitable portfolio, including end-to-end policy management.
- Collaboration and Teamwork: Experience working with various teams to support Surety offerings and underwriting tasks.
- Customer Focus: Commitment to delivering positive customer outcomes and supporting customer objectives.
What we offer:
- Competitive salary (dependent on location, skills, experience, and qualifications).
- Bonus opportunity of 8% of annual salary, based on performance.
- Generous pension scheme with up to 14% contribution from Aviva.
- 29 days holiday plus bank holidays, with options to buy or sell up to 5 days.
- Up to 40% discount on Aviva products and other retailer discounts.
- Up to £1,200 of free Aviva shares annually through our Matching Share Plan and Save As You Earn scheme.
- Supportive policies including parental and carer’s leave.
- Flexible benefits, including cycle-to-work schemes.
- Paid volunteering days to support community involvement.
- Focus on wellbeing with various support tools.
Our inclusive culture: We welcome applicants from all backgrounds and experiences. Even if you don’t meet every requirement, we encourage you to apply. We also support flexible working arrangements, including part-time and job-sharing options. Our flexible approach to location, hours, and working patterns aims to suit our customers, business, and colleagues, with most spending around 50% of their time in the office.
Surety Underwriter employer: TN United Kingdom
Contact Detail:
TN United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Surety Underwriter
✨Tip Number 1
Familiarise yourself with the latest UK regulations and legislation affecting Surety underwriting. This knowledge will not only help you in interviews but also demonstrate your commitment to staying informed about industry standards.
✨Tip Number 2
Network with professionals in the insurance industry, particularly those involved in Surety underwriting. Attend relevant events or join online forums to build connections that could lead to valuable insights and potential referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed a portfolio of business in the past. Highlight your ability to underwrite risks and collaborate with teams to resolve issues, as these are key aspects of the role.
✨Tip Number 4
Stay updated on market trends and customer needs within the Surety sector. Being able to articulate how these trends impact underwriting decisions will set you apart during discussions with our hiring team.
We think you need these skills to ace Surety Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Surety Underwriter. Familiarise yourself with underwriting risks, portfolio management, and the importance of regulatory compliance in the UK market.
Tailor Your CV: Highlight your relevant experience in underwriting Surety risks and managing portfolios. Use specific examples that demonstrate your understanding of UK regulations and your ability to deliver positive customer outcomes.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the insurance industry. Mention how your skills align with the job requirements and express your eagerness to contribute to the team and support customer objectives.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or typos. A polished application reflects your attention to detail, which is crucial in underwriting roles.
How to prepare for a job interview at TN United Kingdom
✨Showcase Your Underwriting Expertise
Be prepared to discuss your experience in underwriting Surety risks, including specific examples of new business and renewals you've handled. Highlight your understanding of the UK market and how you've successfully managed similar portfolios.
✨Demonstrate Regulatory Knowledge
Familiarise yourself with UK regulations and legislation affecting Surety underwriting. During the interview, be ready to explain how you ensure compliance in your underwriting processes and how you stay updated on regulatory changes.
✨Emphasise Collaboration Skills
Since the role involves working closely with brokers and other teams, share examples of how you've effectively collaborated in past roles. Discuss any challenges you faced and how you overcame them to achieve positive outcomes.
✨Focus on Customer Outcomes
Prepare to talk about your commitment to delivering excellent customer service. Provide examples of how you've supported customer objectives in previous positions and how you plan to maintain a customer-focused approach in this role.