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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: Enjoy competitive pay, comprehensive benefits, and opportunities for professional growth.
- Why this job: Make an impact in the tech and med tech sectors while developing your skills.
- Qualifications: A Levels or similar qualification with strong analytical and communication skills.
- Other info: Collaborative environment with mentorship opportunities and career advancement.
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 - Technology & Med Tech in Birmingham employer: Travelers Canada
Contact Detail:
Travelers Canada Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Development Underwriter - Technology & Med Tech in Birmingham
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect with potential colleagues on LinkedIn. Building relationships can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by researching the company and its products. Understand their risk appetite and be ready to discuss how your skills can help them achieve their goals. Show them you mean business!
✨Tip Number 3
Practice your negotiation skills. As an underwriter, you'll need to negotiate with brokers, so role-play scenarios with friends or mentors to build confidence. The more you practice, the smoother it will go!
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're serious about joining our team at Travelers.
We think you need these skills to ace Development Underwriter - Technology & Med Tech in Birmingham
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that match the Development Underwriter role. Highlight your knowledge of products, risk characteristics, and any relevant experience in underwriting or negotiating.
Craft a Compelling Cover Letter: Use your cover letter to tell us why you're the perfect fit for this position. Share specific examples of how you've managed portfolios or cultivated relationships with brokers, and don’t forget to show your enthusiasm for the role!
Showcase Your Analytical Skills: Since critical thinking is key for this role, include examples in your application that demonstrate your ability to analyse information and make informed decisions. We want to see how you tackle challenges and identify opportunities.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
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 previous roles, and have specific examples that 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. Be prepared to discuss how you've used technology to quote and bind risks efficiently in the past, as this will show your proactive approach to managing your portfolio.
✨Build Relationships
Highlight your experience in cultivating relationships with internal partners and brokers. Prepare to discuss how you've identified cross-selling opportunities and maintained strong communication channels, as this is crucial for success in this role.
