At a Glance
- Tasks: Lead underwriting for Professional Indemnity in the North American market and drive business strategy.
- Company: Dynamic 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 inclusivity.
- Why this job: Make an impact in a fast-paced environment 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.
- Effectively utilise underwriting tools 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: WR Berkley
As a Senior Underwriter in Professional Indemnity, you will thrive in a dynamic and collaborative environment that values high performance and innovation. Our company is committed to fostering a diverse and inclusive culture, offering extensive training and development opportunities to help you grow your career while working closely with teams across London and the US. With a focus on the North American market, we provide a unique chance to engage with key stakeholders and drive impactful business strategies, making us an excellent employer for those seeking meaningful and rewarding employment.
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 knowledge in Professional Indemnity and the North American market. Share specific examples of how you've tackled challenges in underwriting to really impress them!
✨Ace the Interview
Prepare for interviews by researching the company and its culture. Think about how your experience aligns with their goals, especially around premium management and customer retention. Practice common interview questions so you can speak confidently about your skills.
✨Apply Through Our Website
Don’t forget to check out our website for job openings! Applying directly through us not only shows your interest but also gives you a better chance of being noticed. We’re always on the lookout for talented individuals like you!
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. Share specific examples of your underwriting experience and how you've successfully managed renewals or new business in the past.
Showcase Your Communication Skills:Since strong communication is key for this role, make sure your application reflects that. Use clear and concise language, and don’t forget to proofread for any typos or errors. We love attention to detail!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at WR Berkley
✨Know Your Stuff
Make sure you brush up on your knowledge of professional indemnity and the North American market. Be ready to discuss specific underwriting strategies and how you've successfully managed renewals or new business in the past.
✨Showcase Your Relationships
Since this role involves collaboration with distribution partners and brokers, come prepared with examples of how you've built and maintained strong relationships in your previous roles. Highlight any successful negotiations or partnerships you've fostered.
✨Demonstrate Analytical Skills
Be ready to talk about how you've used analytical skills to drive better loss ratios or manage portfolios effectively. Prepare a few examples where your problem-solving abilities made a significant impact on your team's performance.
✨Emphasise Leadership Qualities
If you've had experience managing teams or training junior staff, make sure to highlight this. Discuss how you promote a diverse and inclusive culture and how you’ve developed others in their roles. This will show that you're not just a great underwriter but also a potential leader.
