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 for career growth and to promote an inclusive workplace.
- Why this job: Make a real impact in the insurance 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 premium plans.
- Execute portfolio management strategies to drive a better loss ratio and achieve plans.
- Manage direct commissions and direct expenses to achieve plans.
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 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
✨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 knowledge in Professional Indemnity and the North American market. Share specific examples of how you've tackled challenges in underwriting to really impress them!
✨Follow Up Like a Boss
After interviews or networking events, send a quick thank-you note or message. It shows you're keen and keeps you fresh in their minds. Plus, it’s a great way to reiterate your interest in the role!
✨Apply Through Our Website
Don’t forget to check out our website for job openings! Applying directly through us not only makes your application stand out but also shows you’re genuinely interested in being part of the StudySmarter team.
We think you need these skills to ace Senior Underwriter - Professional Indemnity
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. Let us know what excites you about working with us!
Showcase Your Achievements:When detailing your past roles, focus on your achievements rather than just responsibilities. Did you improve a loss ratio or enhance customer retention? We love numbers and results, so make sure to include them!
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 Stuff
Make sure you brush up on your underwriting knowledge, especially in Professional Indemnity for the Design & Construction sector. Familiarise yourself with the North American market trends and regulations, as this will show that you're not just a candidate, but a well-informed one.
✨Showcase Your Relationships
Since strong market relationships are key, be ready to discuss your connections with brokers and other stakeholders. Share specific examples of how you've successfully managed these relationships in the past and how they benefited your previous employers.
✨Demonstrate Leadership Skills
Highlight your experience in managing teams and developing staff. Prepare to talk about how you've set performance objectives and provided feedback, as well as any training you've conducted. This will show that you can lead and inspire others in the underwriting team.
✨Be a Problem Solver
Prepare to discuss specific challenges you've faced in underwriting and how you approached them. Use the STAR method (Situation, Task, Action, Result) to structure your answers, showcasing your analytical skills and ability to make sound business decisions under pressure.
