At a Glance
- Tasks: Manage and underwrite trade credit insurance policies while building strong client relationships.
- Company: Join Tokio Marine HCC, a leading Specialty Insurer with a dynamic culture.
- Benefits: Enjoy a competitive salary, employee benefits, and opportunities for professional growth.
- Other info: Home-based role with travel across South Wales and South West England.
- Why this job: Make an impact in the insurance industry while working independently and collaboratively.
- Qualifications: 3+ years in commercial underwriting or broking, with strong communication skills.
The predicted salary is between 55000 - 65000 £ per year.
Location: Home-based, covering a portfolio across South West England and Wales, with regular travel to client meetings across the region and twice-monthly team meetings at the Rearsby, Leicestershire office.
Position Type: Permanent, 35 hours per week.
Job Purpose:
As a Commercial Underwriter, you will be responsible for managing and underwriting a portfolio of trade credit insurance policies across a range of industry sectors, including construction. You will assess, price and structure new and renewal business, working closely with brokers, clients and internal teams to deliver commercially sound underwriting decisions and support the continued growth of the Credit portfolio.
This is an excellent opportunity for an experienced Underwriter to take ownership of a varied regional portfolio, develop strong broker and client relationships, and contribute to the continued growth of our Credit business.
Key Responsibilities:
- Manage a portfolio of trade credit insurance policies across agreed sectors and territories.
- Assess, price and structure new business opportunities using appropriate underwriting tools, including claims ratio analysis, excess calculations and pricing models.
- Prepare renewal terms, present recommendations for approval where required, and negotiate terms with brokers and clients to support retention and premium targets.
- Build and maintain strong broker and client relationships through regular meetings, including inception, renewal and mid-term reviews.
- Proactively work with brokers to identify and develop new business opportunities, including existing insured and uninsured prospects.
- Resolve day-to-day policy and credit limit queries, ensuring policy operations run smoothly for clients and brokers.
- Work within allocated authority levels, referring matters for approval where required in line with company authorisations.
- Liaise with Risk Underwriting, Sales, Customer Relations, Claims, and technical and administrative support teams to ensure effective policy servicing.
- Maintain accurate records of meetings, correspondence, decisions and action points, ensuring agreed actions are followed up promptly.
- Support senior underwriters and managers with portfolio activity, departmental projects, IT developments, testing, training and occasional marketing activity.
Skills and Experience Specification:
Essential:
- Level 3 qualifications (A Levels, CII Certificate etc) or equivalent professional experience.
- Minimum of 3 years’ experience in commercial underwriting, trade credit insurance or broking, including managing a portfolio and working with brokers or clients.
- Strong understanding of trade credit insurance, including pricing, policy structures, risk assessment and portfolio management.
- Commercially aware, with the ability to balance client needs, broker relationships, risk appetite and profitability.
- Confident using Microsoft Office applications, including Word, Excel, Outlook and Teams, with the ability to accurately maintain data and records.
- Strong communication and relationship-management skills, with the ability to engage confidently with brokers, clients and internal stakeholders.
- Highly organised, self-motivated and able to manage competing priorities while working independently.
- Strong written communication skills and a good level of numeracy, with the ability to interpret data and make sound underwriting decisions.
- A full UK driving licence with maximum 3 points, and ability to travel regularly across the region as required.
Desirable:
- Level 6 qualification (CII Advanced Diploma, Degree etc).
- Knowledge of the construction sector.
- Knowledge of other specialist sectors relevant to trade credit insurance.
- Export knowledge or experience supporting clients with international trade exposures.
Please note: We reserve the right to close this advert early, dependant on number of suitable applications.
What We Offer:
The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals.
The Tokio Marine HCC Group of companies is an equal opportunity employer. Please visit www.tmhcc.com for more information about our companies.
Commercial Underwriter (South Wales and South West England) employer: Tokio Marine HCC
Tokio Marine HCC is an exceptional employer located in Bridgend, offering a dynamic work environment where employees can thrive and develop their skills in the insurance sector. With a strong emphasis on teamwork and professional growth, we provide comprehensive training and support, ensuring that our staff are well-equipped to excel in their roles. Our commitment to maintaining high service standards fosters a culture of excellence, making it a rewarding place for motivated individuals to build their careers.
StudySmarter Expert Advice🤫
We think this is how you could land Commercial Underwriter (South Wales and South West England)
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Tokio Marine HCC). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Tokio Marine HCC. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Commercial Underwriter (South Wales and South West England)
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Tokio Marine HCC.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Tokio Marine HCC. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Tokio Marine HCC
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Tokio Marine HCC to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Tokio Marine HCC, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Tokio Marine HCC's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
