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For Companies At a Glance
- Tasks: Manage broker relationships and underwrite risks for Lancashire’s Construction business.
- Company: Join a leading firm in the insurance sector, focused on innovation and growth.
- Benefits: Enjoy flexible working hours and opportunities for professional development.
- Why this job: Be part of a dynamic team that values collaboration and personal growth.
- Qualifications: Degree and relevant underwriting experience in Construction or Property D&F preferred.
- Other info: Ideal for self-starters looking to make an impact in a fast-paced environment.
The predicted salary is between 36000 - 60000 £ per year.
The primary purpose of the role is to provide underwriting duties for Lancashire’s Construction business for Syndicate 3010.
Key Responsibilities
- Be responsible for managing, building and developing broker relationships for your line of business.
- Attend client presentations and meetings.
- Be able to underwrite risks for your line of business within your underwriting authority and subsequently report decisions at the 3010 syndicate meeting and/or UMCC.
- Receive submissions from brokers, undertake full risk analysis, complete pre-underwriting documentation and present information.
- Have fully competent knowledge of wording and technical understanding and market environments.
- Check and approve systems records and sign off.
- Monitor and follow up on payments for outstanding premiums.
- Agree endorsements within your underwriting authority.
- Ensure risks offered and bound are within tolerances or that exceptions are approved.
- Finalise documentation and contracts/slips with brokers.
- Assist with ad hoc projects and research work as required.
Skills, Knowledge and Expertise
- Good level of formal education – Degree and Cert CII / DIP CII or ACII desirable.
- Underwriting and/or broking experience in Construction or Property D&F in London/Lloyd’s market is essential.
- Knowledge of binding authorities ideal but not necessarily required.
- Proficient with Microsoft Office applications, particularly Excel and Word (intermediate).
- Excellent attention to detail, self-discipline and time management.
- Good verbal and written communication skills.
- Strong work ethic.
- Self-starter with the ability to liaise with individuals at all levels.
- Ability to work flexibly to meet business needs including extended hours if required.
Underwriter (Construction) employer: TN United Kingdom
Contact Detail:
TN United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter (Construction)
✨Tip Number 1
Network with professionals in the construction underwriting field. Attend industry events or webinars to meet potential colleagues and brokers, as building relationships is key to succeeding in this role.
✨Tip Number 2
Familiarise yourself with the latest trends and challenges in the construction insurance market. This knowledge will help you engage in meaningful conversations during interviews and demonstrate your commitment to the industry.
✨Tip Number 3
Practice your presentation skills, as attending client meetings and presentations is a significant part of the job. Being able to communicate effectively will set you apart from other candidates.
✨Tip Number 4
Brush up on your technical knowledge related to underwriting and risk analysis. Understanding the specifics of construction risks will not only boost your confidence but also show your expertise during discussions with hiring managers.
We think you need these skills to ace Underwriter (Construction)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Underwriter position in the Construction sector. Tailor your application to highlight relevant experience and skills that align with the job description.
Highlight Relevant Experience: In your CV and cover letter, emphasise any underwriting or broking experience you have in the Construction or Property D&F sectors. Use specific examples to demonstrate your knowledge of risk analysis and broker relationship management.
Showcase Your Skills: Make sure to mention your proficiency in Microsoft Office applications, particularly Excel and Word. Highlight your attention to detail, time management skills, and ability to communicate effectively, as these are crucial for the role.
Craft a Strong Cover Letter: Write a compelling cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role and the company. Mention how your background and skills make you a perfect fit for the Underwriter position at Lancashire’s Construction business.
How to prepare for a job interview at TN United Kingdom
✨Know Your Underwriting Basics
Make sure you have a solid understanding of underwriting principles, especially in the construction sector. Brush up on risk analysis techniques and be prepared to discuss how you would assess various risks during the interview.
✨Showcase Your Relationship-Building Skills
Since managing broker relationships is key for this role, think of examples from your past experiences where you've successfully built and maintained professional relationships. Be ready to share these stories to demonstrate your interpersonal skills.
✨Prepare for Technical Questions
Expect questions that test your knowledge of market environments and technical wording. Review common terms and concepts related to construction underwriting, and be prepared to explain them clearly.
✨Demonstrate Attention to Detail
Given the importance of accuracy in underwriting, prepare to discuss how you ensure attention to detail in your work. You might want to mention specific tools or methods you use to maintain high standards in documentation and risk assessment.
