At a Glance
- Tasks: Lead underwriting for Professional Indemnity in the dynamic North American market.
- Company: Join a forward-thinking insurance firm with a focus on innovation and collaboration.
- Benefits: Competitive salary, professional development, and a diverse work culture.
- Other info: Opportunity to mentor junior staff and promote an inclusive workplace.
- Why this job: Make a real impact in a vital industry while developing your leadership skills.
- Qualifications: Extensive underwriting experience and strong communication skills required.
The predicted salary is between 60000 - 80000 € per year.
Responsibilities include being a Senior Underwriter in Design & Construction Professional Indemnity with a focus on the North American market. The role requires experience in the class of business with strong product knowledge and market relationships.
Key responsibilities:
- Support the creation and execution of the business strategy within the underwriting team.
- Deliver lead market underwriting activities in a dynamic environment.
- Collaborate across business units in London and the US.
- Develop and execute a strategy to achieve the business plan from a premium, loss and expense perspective for assigned product lines and territory.
- Proactively manage renewals, renewal changes, and new business to achieve the premium plan.
- Execute portfolio management strategies to drive a better loss ratio and achieve plan.
- Manage direct commissions and direct expenses to achieve plan.
Underwriting and Compliance:
- Underwrite and price individual risks whilst following underwriting guidelines, policies, and procedures.
- Utilise underwriting tools effectively whilst thoroughly documenting underwriting and pricing decisions.
- Work collaboratively with support areas to meet service standards.
Distribution/Customer Management:
- In collaboration with Underwriting Leadership, proactively manage distribution partners.
- Act as broker liaison for assigned products.
- Develop and execute a customer (broker and insured) visitation strategy for assigned products and territory to drive submission flow and improve customer retention.
Leadership and Personal Development:
- Effectively manage staff through the effective utilisation of performance objectives, feedback loops, and development plans to develop and retain staff.
- Act as product line expert for area of expertise.
- Organise and provide technical training to junior personnel.
- Promote a diverse and inclusive culture.
- Act as an effective role model for others.
- Perform training within agreed timeframes.
Qualifications:
- Extensive underwriting experience and knowledge in the Class of Business.
- Sound commercial and financial knowledge.
- Knowledge of the insurance regulatory environment.
- Strong communication, negotiation, and interpersonal skills.
- Analytical and problem-solving skills, ability to multi-task and prioritise conflicting demands/requests within given time constraints.
- Ability to exercise individual judgment and effectively make sound business decisions.
- Strong interpersonal skills with a proven ability to communicate effectively with stakeholders at various levels, both verbally and in writing.
- Outcome focused, self-motivated, flexible, and enthusiastic.
Ability to work within and promote a diverse and inclusive culture.
Senior Underwriter - Professional Indemnity in London employer: W. R. Berkley Corporation
As a Senior Underwriter in Professional Indemnity, you will thrive in a dynamic and collaborative environment that values high performance and innovation. Our company fosters a culture of inclusivity and personal development, offering extensive training opportunities and the chance to work closely with industry leaders across London and the US. With a strong focus on employee growth and a commitment to achieving excellence, we provide a rewarding workplace where your contributions directly impact our success in the North American market.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter - Professional Indemnity in London
✨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, make sure to highlight your extensive underwriting experience and product knowledge. Share specific examples of how you've tackled challenges in the past – it’ll show them you’re the real deal!
✨Be Proactive
Don’t wait for job openings to pop up! Reach out to companies you admire and express your interest in working with them. Sometimes, creating your own opportunity is the best way to land that dream job.
✨Apply Through Our Website
We’ve got a fantastic platform for job applications, so make sure to apply through our website. It’s a great way to ensure your application gets seen by the right people and shows you’re serious about joining our team!
We think you need these skills to ace Senior Underwriter - Professional Indemnity in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Underwriter role. Highlight your experience in Professional Indemnity and any relevant market relationships you have. 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 the perfect fit for this role. Mention your underwriting experience and how you can contribute to our business strategy. Keep it engaging and professional!
Showcase Your Achievements:When detailing your past roles, focus on your achievements rather than just responsibilities. We love to see quantifiable results, so if you've improved loss ratios or managed successful renewals, shout about it!
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 out on any important updates. Plus, it’s super easy!
How to prepare for a job interview at W. R. Berkley Corporation
✨Know Your Underwriting Inside Out
Make sure you brush up on your underwriting knowledge, especially in Professional Indemnity. Be ready to discuss specific cases and how you've managed risks in the past. This shows you're not just familiar with the theory but have practical experience too.
✨Showcase Your Market Relationships
Since this role involves strong market relationships, think of examples where you've successfully collaborated with brokers or distribution partners. Highlight how these relationships have benefited your previous employers and how you can bring that to the table.
✨Demonstrate Your Strategic Thinking
Prepare to talk about how you've developed and executed business strategies in your past roles. Use specific metrics to illustrate your success in achieving premium plans and managing renewals. This will show that you can think strategically and deliver results.
✨Emphasise Your Leadership Skills
As a Senior Underwriter, you'll likely be leading a team. Share experiences where you've mentored junior staff or organised training sessions. This not only highlights your leadership skills but also your commitment to fostering a diverse and inclusive culture.
