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For Companies At a Glance
- Tasks: Evaluate insurance applications and conduct detailed risk analysis to determine pricing.
- Company: Touchstone Underwriting, a leading specialist MGA in the UK insurance market.
- Benefits: Competitive salary, strong broker relationships, and opportunities for professional growth.
- Why this job: Join a dynamic team and make impactful decisions in a fast-paced environment.
- Qualifications: 2-5 years of underwriting experience with strong analytical skills.
- Other info: Opportunity to shape underwriting strategy and drive profitable outcomes.
The predicted salary is between 36000 - 60000 £ per year.
Touchstone Underwriting is a specialist MGA delivering high quality underwriting solutions to the UK insurance market. We pride ourselves on strong broker relationships, technical underwriting expertise, and a pragmatic, service-led approach. As part of our continued growth, we are seeking an experienced Underwriter to join our underwriting team.
The Role
As a Senior Underwriter you will be instrumental in delivering profitable growth using your extensive technical expertise and underwriting experience. You will lead the assessment and pricing of complex risks, act as a senior referral point for Underwriters and support the development of underwriting strategy and product innovation. Your role involves cultivating strong broker relationships ensuring underwriting discipline and governance standards are upheld. You will contribute to market insight, opportunity identification and pipeline growth, helping to shape the MGA’s trading direction and drive profitable outcomes. This position suits a commercially astute and technically proficient underwriter who thrives in a fast-paced, relationship-driven environment and is passionate about delivering high-quality underwriting results.
Key Responsibilities
- Evaluate insurance applications, policy wordings, financials and supporting documents.
- Conduct detailed risk analysis to determine acceptability and pricing.
- Calculate premiums based on exposure, sector-specific risks and underwriting costs.
- Ensure adherence to underwriting guidelines and regulatory requirements.
- Quote and bind policies within delegated authority, referring upwards when necessary.
- Build and maintain strong productive relationships with brokers.
- Provide responsive service and expert guidance to meet broker needs.
- Identify trends and opportunities for cross-selling and portfolio growth.
- Promote consistent underwriting practices aligned with capacity Binder Authority agreements and internal standards.
- Ensure compliance with the FCA regulations.
- Support the Compliance Team to meet internal and external audit requirements.
- Maintain strong knowledge of governance, compliance and delegated authority protocols.
- Maintain accurate documentation for audit and compliance.
Your Profile
- Minimum 2–5 years in underwriting within the following sectors (property, commercial and/or casualty).
- Proficiency in risk and hazard identification, assessment and claims analysis.
- Ability to rate risks, identify referrals and understand risk appetite and acceptance criteria.
- Experience using underwriting software and tools.
- Strong understanding of financial statements and credit analysis.
- In-depth knowledge of the products being underwritten (e.g. property, commercial and/or casualty).
- Proven ability to make sound underwriting decisions within delegated authority and record evidence of such.
- Experience in evaluating complex cases and applying judgment to balance risk and profitability.
- Knowledge of relevant regulations (e.g., FCA guidelines in the UK, GDPR for data handling).
- Experience ensuring adherence to internal and external compliance standards.
Underwriter in Watford employer: Touchstone Underwriting Limited
Contact Detail:
Touchstone Underwriting Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter in Watford
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to professionals on LinkedIn. Building relationships can open doors that a CV just can’t.
✨Show Off Your Expertise
When you get the chance to chat with potential employers or brokers, make sure to highlight your technical skills and experience. Share specific examples of how you've tackled complex risks and contributed to profitable outcomes in your previous roles.
✨Be Ready for the Interview
Prepare for interviews by brushing up on common underwriting scenarios and regulatory requirements. Think about how you can demonstrate your ability to make sound decisions and maintain compliance while still driving growth.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It shows you're genuinely interested in joining our team at Touchstone Underwriting and helps us keep track of your application more efficiently.
We think you need these skills to ace Underwriter in Watford
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriter role. Highlight your experience in underwriting, especially in property, commercial, or casualty sectors. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about underwriting and how you can contribute to our team. Keep it concise but impactful – we love a good story!
Showcase Your Technical Expertise: Don’t forget to showcase your technical skills in risk assessment and pricing. We’re looking for someone who can hit the ground running, so let us know about your experience with underwriting software and tools.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss any important updates from us. Plus, it’s super easy!
How to prepare for a job interview at Touchstone Underwriting Limited
✨Know Your Underwriting Stuff
Brush up on your technical knowledge related to property, commercial, and casualty underwriting. Be ready to discuss specific cases where you've evaluated risks and made decisions, as this will show your expertise and confidence in the field.
✨Build Rapport with Brokers
Since strong broker relationships are key for this role, think of examples where you've successfully collaborated with brokers. Highlight your communication skills and how you’ve provided responsive service to meet their needs.
✨Showcase Your Analytical Skills
Prepare to discuss your experience with risk analysis and pricing strategies. Bring examples of how you've calculated premiums based on exposure and sector-specific risks, demonstrating your ability to balance risk and profitability.
✨Understand Compliance Inside Out
Familiarise yourself with FCA regulations and internal compliance standards. Be ready to explain how you've ensured adherence to these guidelines in your previous roles, as this will show that you take governance seriously.
