At a Glance
- Tasks: Lead underwriting strategy and manage relationships with brokers to drive business success.
- Company: Dynamic insurance firm focused on innovation and inclusivity.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Join a diverse team with opportunities for growth and impact.
- Why this job: Shape the future of commercial property insurance while developing your leadership skills.
- Qualifications: Extensive underwriting experience and strong communication skills required.
The predicted salary is between 55000 - 70000 £ 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.
Senior Commercial Property Underwriter employer: WR Berkley
Contact Detail:
WR Berkley Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Commercial Property Underwriter
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend events, and engage on platforms like LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that Senior Commercial Property Underwriter role.
✨Tip Number 2
Prepare for interviews by researching the company and its underwriting strategies. We recommend practising common interview questions and having examples ready that showcase your experience in managing renewals and driving premium plans. Confidence is key!
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way in showing your enthusiasm for the role. We suggest mentioning something specific from your conversation to remind them of your fit for the position.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities waiting for you, and applying directly can sometimes give you an edge. Plus, it shows you’re genuinely interested in being part of our team!
We think you need these skills to ace Senior Commercial Property Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the job description. Highlight your underwriting experience and any relevant achievements that align with our needs. We want to see how you can contribute to our underwriting strategy!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the Senior Commercial Property Underwriter role. Share specific examples of how you've managed renewals or executed strategies in the past.
Showcase Your Skills: Don’t forget to highlight your strong communication and analytical skills. We love candidates who can demonstrate their ability to manage relationships with brokers and stakeholders effectively, so give us the goods!
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 don’t miss out on any important updates from us!
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 and 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 led initiatives that promoted a diverse and inclusive culture.