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- Tasks: Manage and grow a diverse portfolio while underwriting and negotiating risks.
- Company: Join a leading insurance company that values diversity and innovation.
- Benefits: Competitive salary, comprehensive benefits, and opportunities for professional growth.
- Why this job: Make an impact in the insurance industry while developing your skills and career.
- Qualifications: A Levels or similar qualification with strong analytical and communication skills.
- Other info: Dynamic team environment with mentorship opportunities and a focus on inclusion.
The predicted salary is between 36000 - 60000 £ per year.
Manage the profitability, growth, and retention of an assigned book of business comprised of routine to moderately complex accounts across most of our products.
Underwrite and skillfully negotiate moderate risks to minimise risk and maximise profitability, including Mid Term Adjustments (MTAs).
Proactively manage your portfolio, ensuring key performance indicators are consistently achieved and you actively target new business and retention.
Identify and take corrective action in collaboration with your Manager / Team on individual risk characteristics identified through Portfolio Management.
Identify and capture opportunities to write additional lines of business using knowledge of products, risk characteristics and appetite.
Proactively utilise various technology platforms to quote and bind risk efficiently.
Provide input and support the presentation of Underwriting Reviews for individual policies or portfolios and manage action points.
Cultivate and maintain relationships with internal partners within the business unit and across the enterprise to identify cross-selling opportunities.
Foster and maintain relationships with brokers by phone, email or other communication channels to market and sell Travelers products with a goal of writing and retaining accounts consistent with our risk appetite. Must be able to travel to meetings.
Develop and execute pipeline plans and support the renewal team in the retention of business that aligns with the team’s sales plans to drive success working in partnership with the sales team.
Train and mentor less experienced underwriters.
Support and collaboration for more junior members of the team, including referrals.
Perform other duties as assigned.
Qualifications:
- A Levels or similar qualification
- Good knowledge of products, the regulatory environment, and the local insurance market.
- Good critical thinking skills with the ability to underwrite, market products, identify financial challenges, and analyse available information to make decisions in alignment with our risk appetite.
- Communication skills with the ability to successfully negotiate with brokers.
- Ability to work with people from different backgrounds, experiences, cultures, races, etc. and views those differences as assets to be leveraged to accomplish business goals and objectives.
- Review competitor press releases and industry trade press for helpful insights, linking key themes together.
- Participate in projects that involve analysis and the implementation of non-complex, routine business and regulatory changes relating to the enhancement, maintenance or introduction of new products.
Development Underwriter - Property & Casualty in Birmingham employer: Travelers Canada
Contact Detail:
Travelers Canada Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Development Underwriter - Property & Casualty in Birmingham
✨Tip Number 1
Networking is key! Reach out to professionals in the insurance industry, especially those who work as underwriters. Use platforms like LinkedIn to connect and engage with them. You never know who might have a lead on your dream job!
✨Tip Number 2
Prepare for interviews by brushing up on your negotiation skills. Since you'll be dealing with brokers, practice how to effectively communicate and influence decisions. Role-playing with a friend can help you feel more confident when it’s your turn to shine.
✨Tip Number 3
Showcase your analytical skills! Be ready to discuss how you've managed risk in previous roles or projects. Use specific examples that highlight your ability to analyse information and make sound decisions aligned with risk appetites.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, keep an eye on our job postings for any new opportunities that match your skills and interests.
We think you need these skills to ace Development Underwriter - Property & Casualty in Birmingham
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Development Underwriter role. Highlight your experience with underwriting, risk management, and any relevant achievements that align with our job description. We want to see how you can bring value to our team!
Showcase Your Analytical Skills: Since this role requires good critical thinking skills, don’t shy away from sharing examples of how you've successfully analysed risks or made decisions in previous roles. We love seeing candidates who can think on their feet and make informed choices!
Communicate Clearly: Your written communication should be clear and professional. Use straightforward language and avoid jargon unless it’s relevant to the insurance industry. Remember, we’re looking for someone who can negotiate effectively with brokers, so let your communication skills shine through!
Apply Through Our Website: We encourage you to submit your application directly through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Travelers Canada
✨Know Your Numbers
Before the interview, brush up on key performance indicators relevant to underwriting. Be ready to discuss how you've managed profitability and growth in your previous roles, and have specific examples at hand to demonstrate your analytical skills.
✨Master the Art of Negotiation
Since negotiation is a big part of this role, prepare by reviewing common negotiation tactics. Think of scenarios where you successfully negotiated terms with brokers or clients, and be ready to share these experiences during the interview.
✨Showcase Your Tech Savvy
Familiarise yourself with various technology platforms used in underwriting. If you’ve used specific tools to quote and bind risks efficiently, mention them. This shows you’re proactive and can adapt to the tech-driven aspects of the role.
✨Build Relationships
Highlight your experience in cultivating relationships with brokers and internal partners. Prepare to discuss how you’ve identified cross-selling opportunities in the past and how you plan to maintain those relationships moving forward.
