At a Glance
- Tasks: Drive underwriting strategy and manage risks for commercial property.
- Company: Dynamic insurance firm focused on innovation and teamwork.
- Benefits: Competitive salary, flexible working, and opportunities for personal growth.
- Other info: Join a diverse team with excellent career advancement opportunities.
- Why this job: Make a real impact in the insurance industry while developing your skills.
- Qualifications: Experience in underwriting and strong communication skills required.
The predicted salary is between 50000 - 65000 £ per year.
Responsibilities
- Responsible for the contribution towards and implementation of the underwriting strategy within the Underwriting Team.
- Executes and monitors the underwriting activities with regular contact with the Underwriting Management Team.
- In liaison with the Head of Commercial Property, is responsible for the execution of the International Strategy.
Results
- Develops and executes a strategy to achieve the business plan from a premium, loss and expense perspective for assigned product lines and territory.
- Proactively manages renewals, renewal change, and new business to achieve premium plan.
- Executes portfolio management strategies to drive a better loss ratio and achieve plan.
- Proactively manages direct commissions and direct expenses to achieve plan.
Underwriting and Compliance
- Underwrites and prices individual risks whilst following underwriting guidelines, policies and procedures.
- Effectively utilises underwriting tools whilst thoroughly documenting underwriting and pricing decisions.
- Works collaboratively with support areas to meet service standards.
Distribution/Customer Management
- In collaboration with Underwriting Leadership, proactively manages distribution partners.
- Acts as broker liaison for assigned products.
- Develops and executes 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 manages staff through the effective utilisation of performance objectives, feedback loops and development plans to develop and retain staff.
- Acts as product line expert for area of expertise.
- Organises and provides technical training to junior personnel.
- Promotes a diverse and inclusive culture.
- Acts as an effective role model for others.
- Performs 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 to 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.
Commercial Property Underwriter employer: WR Berkley
As a leading employer in the insurance sector, we offer our Commercial Property Underwriters a dynamic work environment that fosters professional growth and collaboration. Our commitment to diversity and inclusion, coupled with comprehensive training programmes, ensures that employees are well-equipped to excel in their roles while contributing to our strategic goals. Located in a vibrant area, we provide competitive benefits and a supportive culture that values innovation and teamwork, making us an exceptional place to build a rewarding career.
StudySmarter Expert Advice🤫
We think this is how you could land Commercial Property Underwriter
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its underwriting strategies. Be ready to discuss how your experience aligns with their goals. Show them you’re not just another candidate, but someone who’s genuinely interested in their mission.
✨Tip Number 3
Practice your pitch! You want to be able to clearly articulate your skills and experiences that make you the perfect fit for the Commercial Property Underwriter role. Keep it concise and impactful.
✨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 take the initiative to engage directly with us.
We think you need these skills to ace Commercial Property Underwriter
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your underwriting experience and any relevant achievements that align with our needs at StudySmarter.
Craft a Compelling Cover Letter:Use your cover letter to tell us why you're the perfect fit for the Commercial Property Underwriter role. Share specific examples of how you've successfully managed renewals or executed strategies in previous roles.
Showcase Your Communication Skills:Since strong communication is key, ensure your application is clear and concise. Use professional language but let your personality shine through – we want to get to know you!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role without any hiccups!
How to prepare for a job interview at WR Berkley
✨Know Your Underwriting Inside Out
Make sure you brush up on your underwriting knowledge, especially in the commercial property sector. Be ready to discuss specific strategies you've implemented in the past and how they align with the company's goals.
✨Showcase Your Analytical Skills
Prepare examples that highlight your analytical and problem-solving abilities. Think of situations where you had to make tough decisions under pressure and how you managed to prioritise conflicting demands.
✨Communicate Like a Pro
Since strong communication skills are key for this role, practice articulating your thoughts clearly. Be prepared to discuss how you've effectively liaised with brokers or managed distribution partners in previous roles.
✨Demonstrate Leadership Qualities
Even if you're not applying for a managerial position, showcasing your leadership skills can set you apart. Share experiences where you've trained junior staff or contributed to a diverse and inclusive culture within your team.
