At a Glance
- Tasks: Underwrite accounts and support the underwriting team in a dynamic environment.
- Company: Join a leading insurance club with a focus on innovation and teamwork.
- Benefits: Gain valuable experience, develop skills, and enjoy a supportive work culture.
- Other info: Opportunities for career growth and professional development await you!
- Why this job: Make a real impact in the insurance industry while learning from experts.
- Qualifications: Strong communication skills, analytical mindset, and a passion for problem-solving.
The predicted salary is between 25000 - 32000 € per year.
To both underwrite and provide underwriting support within a designated team, for the region. This role contributes to the continued underwriting progress of the underwriting team.
Main responsibilities:
- Underwrite accounts as directed by the Portfolio Underwriter.
- Direct dealings with Brokers and some Members on day-to-day underwriting issues.
- Be proactive in both increasing production of new business enquiries and retain existing Members, in accordance with underwriting guidelines.
- Demonstration of broad understanding of Risk and technical approach to underwriting all Club products and categories.
- Have a good knowledge of the Club’s cover wordings and AT&C library, and institute cargo clauses.
- Showing a good understanding of the concept of liability and negligence and cargo all risks.
- Formulation of insurance terms and conditions, adhering to underwriting guidelines.
- Co-ordination and organisation of all underwriting matters including preparation of quotations, cover confirmations, and policies.
- Ensure swift turnaround of all underwriting enquiries and new business enquiries, giving priority to key accounts and key targets.
- Ensure good preparation for all renewals, particularly those deemed vulnerable, and consult Portfolio or Senior Underwriter at an early stage to determine strategy.
- Maintain frequent dialogue with claims executives regarding claims developments.
- Make sure all underwriting administration is performed quickly and accurately, that documentation is correct and issued within Contract Certainty guidelines in every case and that all member and entry details held on the systems are up to date.
- Review MI data and exception reports to ensure all underwriting administration is performed quickly and accurately.
- Be able to demonstrate to Members and brokers superior Club service and continue to look for ways to improve the Club offering.
- Ensure all underwriting systems are used properly and consistently.
Person Specification:
- Demonstrate understanding of TT Club’s underwriting policies and strategy.
- Excellent communication skills with customer service focus.
- Analytical mind-set and critical thinking.
- A team worker but also able to work on own initiative.
- Prioritisation and time management competencies.
- Excellent IT skills – both bespoke systems and Microsoft and particularly Excel.
- Good understanding of TT Club’s underwriting policies and strategy and the Club’s cover wordings.
- Excellent listening and communications skills with both internal and external stakeholders.
- Ability to travel in the future.
- Good problem-solving skills.
- Team player with the ability to collaborate with others.
- High level of accuracy and attention to detail.
- Working towards Diploma Chartered Insurance Institute (DipCII).
Trainee Underwriter employer: TT Club
As a Trainee Underwriter at TT Club, you will be part of a dynamic team that values collaboration and innovation in the underwriting process. Our supportive work culture fosters professional growth, offering opportunities for continuous learning and development, particularly as you work towards your DipCII qualification. Located in a vibrant area, we pride ourselves on providing exceptional service to our Members and Brokers, ensuring a rewarding and meaningful career path in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Trainee Underwriter
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect with professionals on LinkedIn. You never know who might have the inside scoop on job openings or can refer you directly.
✨Tip Number 2
Prepare for interviews by researching the company and understanding their underwriting policies. Be ready to discuss how your skills align with their needs, especially around risk assessment and customer service.
✨Tip Number 3
Practice your communication skills! Whether it’s with brokers or team members, being able to articulate your thoughts clearly is key. Consider mock interviews or role-playing scenarios to boost your confidence.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Trainee Underwriter
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Trainee Underwriter role. Highlight any relevant experience or skills that match the job description, like your understanding of underwriting policies and your analytical mindset.
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 your skills align with our team’s goals. Don’t forget to mention your customer service focus and teamwork abilities!
Show Off Your IT Skills:Since excellent IT skills are a must, make sure to mention your proficiency in Microsoft Excel and any bespoke systems you’ve used. If you have examples of how you've used these skills effectively, include them!
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status directly!
How to prepare for a job interview at TT Club
✨Know Your Underwriting Basics
Before the interview, brush up on your understanding of underwriting principles, especially those relevant to the TT Club. Familiarise yourself with key concepts like liability, negligence, and cargo all risks. This will show that you’re not just interested in the role but also have a solid foundation to build upon.
✨Master the Club’s Cover Wordings
Make sure you have a good grasp of the Club’s cover wordings and AT&C library. Being able to discuss these confidently during your interview will demonstrate your commitment and readiness to dive into the role. Consider preparing examples of how you would apply this knowledge in real scenarios.
✨Show Off Your Communication Skills
Since excellent communication is key for this role, practice articulating your thoughts clearly and concisely. Think about how you can convey complex information simply, especially when discussing underwriting issues with brokers or members. Role-playing with a friend can help you refine this skill.
✨Prepare for Problem-Solving Questions
Expect questions that assess your analytical and problem-solving abilities. Prepare by thinking of past experiences where you successfully navigated challenges, particularly in a team setting. Highlight your ability to collaborate and your initiative in finding solutions, as these traits are crucial for a Trainee Underwriter.
