Underwriter - Hull & War in Manchester

Underwriter - Hull & War in Manchester

Manchester Full-Time 37800 - 46200 £ / year (est.) Home office (partial)
Travelers

At a Glance

  • Tasks: Join our Hull & War team to build broker relationships and manage diverse portfolios.
  • Company: Travelers, a leading property casualty insurer with over 170 years of experience.
  • Benefits: Private medical insurance, pension contributions, and hybrid work flexibility.
  • Other info: Dynamic environment with opportunities for growth and mentorship.
  • Why this job: Make an impact in the Lloyd's market while developing your underwriting skills.
  • Qualifications: Experience in the Lloyd's market and studying towards ACII qualification.

The predicted salary is between 37800 - 46200 £ per year.

Who Are We? Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

What Is the Opportunity? We’ve got a great opportunity for an Underwriter to join our Hull & War team. If you're a broker looking to get into underwriting or an experienced Hull underwriter ready for your next challenge, this role will offer you the opportunity to work on a broad and diverse portfolio, as part of a growing Marine account. You’ll be responsible for building and developing broker relationships in the Lloyds market, taking ownership of new business and renewals across the entire portfolio. Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy.

What Will You Do?

  • Contribute to the overall profitability, growth and retention of the Line of Business line and consistency of all related underwriting initiatives.
  • Ensure that business is written in accordance with the Company's policies, procedures and controls at all times, and adheres to Lloyds Underwriting Management Standards.
  • Support the development of assigned Line of Business and services such as researching and identifying target business, competitor information, industry and economic factors across the business.
  • Utilise appropriate systems to accurately enter quotes, risks and endorsements, ensuring correct management, statistical and regulatory reporting.
  • Monitor market factors and world affairs as part of research and development of new opportunities.
  • Promote Travelers Line of Business, distribution strategy and philosophy and provide guidance on the Company's underwriting philosophy, procedures and requirements.
  • Provide guidance, mentoring and coaching to others as appropriate.
  • Perform other duties as assigned.

What Will Our Ideal Candidate Have?

  • Experience within the Lloyd's market, with a basic understanding of the internal and external factors which impact the market.
  • Hull and War Underwriting experience.
  • Able to demonstrate emerging technical proficiency and application of knowledge commensurate to your underwriting authority.
  • Able to make sound quoting and pricing decisions that are in the Company's best interests.
  • Intermediate knowledge and ability in respect of judgment, decision making, communication and strong teamwork.
  • Demonstrates Intermediate knowledge and experience in respect of Relationship Management.
  • Demonstrates Intermediate knowledge and experience in respect of Analytical Thinking/Financial Acumen.
  • Utilises understanding of finance and accounting principles to identify the impact of responsible underwriting decisions on the overall profitability of the business.
  • Expected to be studying towards ACII qualification.

What is a Must Have?

  • Previous London Market insurance experience in either an underwriting or broker capacity.
  • Secondary level education or equivalent.

What Is in It for You?

  • Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
  • Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan.

Underwriter - Hull & War in Manchester employer: Travelers

Travelers is an exceptional employer that fosters a collaborative work culture, particularly in the dynamic environment of Greater London. With a strong emphasis on employee growth and development, the company offers flexible hybrid working arrangements, comprehensive benefits including private medical insurance and generous holiday entitlement, making it an attractive choice for those seeking meaningful and rewarding employment in the actuarial field.

Travelers

Contact Details:

Travelers Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Underwriter - Hull & War in Manchester

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.

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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 Travelers). 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 Travelers. 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 - Hull & War in Manchester

Hull and War Underwriting experience
Lloyd's market knowledge
Analytical Thinking
Financial Acumen
Relationship Management
Decision Making
Communication Skills

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 Travelers.

Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Travelers. 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 Travelers

Know Your Numbers: Insurance Fundamentals

Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Travelers 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 Travelers, 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 Travelers'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.