At a Glance
- Tasks: Analyse risks and pricing for new and renewal business while building strong client relationships.
- Company: Dynamic insurance firm focused on innovation and collaboration.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Opportunity for career growth and to work with diverse stakeholders.
- Why this job: Join a team where your analytical skills can make a real difference in the industry.
- Qualifications: Experience in underwriting or risk analysis, with strong communication and analytical skills.
The predicted salary is between 40000 - 50000 £ per year.
Key Accountabilities & Role Requirements:
- Complete pricing and risk analysis of renewal and new business
- Depending on experience, underwrite or pre-underwrite new and renewal business
- Build strong stakeholder and client relationships
- Assist in business development
- Ensure administrative & compliance related requirements are completed in a timely and accurate manner
- Actively manage exposures in line with syndicate appetite and requirements
- Assist in exposure management and portfolio data analysis
- Engage with brokers and clients, building market relationships
- Monitor and respond to changes in regulation and compliance
Skills & Competencies Required:
- Communication skills – ability to communicate clearly with internal stakeholders and external clients and brokers at all levels, both verbally and in writing
- Administrative skills – highly organised and able to prioritise tasks effectively
- Attention to detail and an ability to meet deadlines
- Presentation skills – ability to present to internal and external stakeholders
- Analytical skills – numerically literate and able to analyse data
- Compliance – ability to ensure compliance with all management and regulatory controls
- Judgement / Decision-making skills – ability to approach problems logically and rationally and evaluate quantitative and qualitative data to make measured risk decisions
- Relationship building – ability and confidence to establish and maintain excellent relationships with external stakeholders (such as brokers, clients, and reinsurers) in a client-facing role
Qualifications & Experience:
- ACII qualifications or willing to work towards
- Graduate level qualification – but not essential
- 3 to 5 years experience, preferably in International Casualty Treaty
- Excellent IT skills – including intermediate Excel (ability to use formulas effectively and produce graphical data), and other Windows Office and Adobe applications
- Strong numerical skills
This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.
Underwriter, ICT in London employer: Westfield Insurance
As an Underwriter in ICT, you will thrive in a dynamic environment that prioritises professional growth and development. Our company fosters a collaborative work culture where strong stakeholder relationships are built, and compliance is taken seriously, ensuring you can focus on delivering exceptional service. With opportunities for continuous learning and a commitment to employee well-being, we offer a rewarding career path in a supportive setting.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter, ICT in London
✨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.
✨Use LinkedIn to Your Advantage
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 Westfield Insurance). 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 Westfield Insurance. 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, ICT in London
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 Westfield Insurance.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Westfield Insurance. 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 Westfield Insurance
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Westfield Insurance 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 Westfield Insurance, 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 Westfield Insurance'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.
