At a Glance
- Tasks: Underwrite professional risks and build strong broker relationships in a dynamic environment.
- Company: Join Tokio Marine HCC, a leading specialty insurer with a focus on innovation.
- Benefits: Enjoy a competitive salary, great benefits, and opportunities for professional growth.
- Other info: Dynamic workplace with rapid growth and equal opportunity for all.
- Why this job: Make an impact in a market-leading team while developing your skills in insurance.
- Qualifications: 3+ years in underwriting, strong communication skills, and IT literacy required.
The predicted salary is between 40500 - 49500 £ per year.
Location: City of London
Position Type: Permanent, 35 hours per week
Hybrid: Minimum of 4 days working in the office
Overview:
Why Tokio Marine HCC? Standing still is not an option in the current world of Insurance. TMHCC are one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.
Job Purpose:
This role would be well suited for an Underwriter or Assistant Underwriter who is dedicated and keen to make an impact on a market leading team. The role will involve handling renewals, new risks, quotations, adjustments and developing broker relationships. This role is not based in Lloyds and has a focus on growth within an SME market, with the successful candidate having the opportunity to write insurance on a wide range of professions.
Key Responsibilities:
- Provide service to brokers / Clients on all Classes underwritten
- Underwriting of risks within authority and referral of risks outside of authority.
- Take underwriting referrals once appropriate authority level attained and provide necessary support / training.
- Handling referrals and queries from the HCC online system within service levels.
- Monitoring of Broker Accounts / Performance within Team
- Assist in compiling and presenting training sessions
- Attending in house / external training sessions and actively maintaining own training record.
- Dealing with Brokers within required service levels.
- Dealing with underwriting administration e.g. production of policy documents, accounts queries etc.
- Broker development, actively meeting with Brokers to develop business.
- Undertake any other ad hoc activities / project work as required.
Skills and Experience Specification:
Essential:
- At least 3 years experience of working within a similar role
- A high level of technical PI underwriting knowledge
- Minimum of 3 A levels at Grade C or above (or equivalent)
- Excellent communication skills (verbal and written) to underpin broker development and relationship building.
- A high level of IT literacy, including Word and Excel
- Strong negotiation skills
- Ability to organise workload and priorities and work to deadlines
Desirable:
- Relevant insurance qualification or willing to work towards qualifications
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.
Underwriter - Professional Risks in London employer: Tokio Marine HCC
At Tokio Marine HCC, we pride ourselves on being a leading Specialty Insurer that values empowerment, innovation, and growth. Our London office fosters a dynamic work culture with hybrid working options, competitive salaries, and comprehensive employee benefits, ensuring that our team members thrive both personally and professionally. Join us to make a meaningful impact in the Financial Crime team while enjoying ample opportunities for career development in a supportive environment.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter - Professional Risks in London
✨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 Underwriter - Professional Risks in London
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.
