At a Glance
- Tasks: Underwrite casualty treaty business and develop strategic relationships with clients and brokers.
- Company: Join a leading reinsurance firm with a focus on innovation and teamwork.
- Benefits: Competitive salary, professional development, and opportunities for mentorship.
- Other info: Dynamic team environment with excellent career advancement opportunities.
- Why this job: Make a significant impact in a high-stakes role while shaping the future of underwriting.
- Qualifications: Experience in Casualty Treaty Reinsurance and strong analytical skills required.
The predicted salary is between 60000 - 80000 £ per year.
We are seeking an experienced Senior Underwriter, Casualty Treaty to play a key role in delivering the Casualty Treaty business plan. This is a high-impact position offering significant involvement in underwriting strategy, portfolio development, broker engagement and team mentoring. Reporting to the Head of Casualty Treaty, you will underwrite business within agreed authority, support the development of the portfolio, and act as a senior technical presence within the team.
Key Responsibilities
- Underwrite casualty treaty business in line with underwriting guidelines, processes and delegated authority.
- Support the Head of Department in business planning, budget activity and portfolio strategy.
- Promote and develop client and broker relationships through meetings, travel and marketing activity.
- Assess emerging risks, market developments and underwriting issues, and recommend appropriate actions.
- Ensure robust technical evaluation of exposures in collaboration with Actuarial.
- Support pricing tool development and ensure correct and consistent usage.
- Ensure all underwriting decisions, peer reviews and records are fully documented and compliant.
Performance, Analytics & Governance
- Contribute to quarterly post-mortem reviews, providing analysis on new business, declined risks and market conditions.
- Support retrocession purchase analysis where required.
- Maintain underwriting discipline and ensure adherence to governance frameworks.
Aggregate & Exposure Management
- Assist in the development and ongoing maintenance of casualty aggregate monitoring processes and controls.
- Work with Actuarial to develop realistic disaster and aggregation scenarios.
Leadership & Team Development
- Mentor and support junior members of the Casualty Treaty team.
- Contribute to training, research projects and broader team development initiatives.
- Escalate relevant team and portfolio issues to senior leadership as appropriate.
Qualifications Skills, Knowledge & Experience
- Strong, demonstrable experience in Casualty Treaty Reinsurance underwriting.
- Excellent knowledge of the reinsurance market and underwriting processes.
- Strong commercial and financial acumen.
- Highly analytical, numerate and detail-focused.
- Confident communicator with strong written and verbal skills.
- Proven ability to manage competing priorities and meet deadlines.
- Capable of working independently while promoting a collaborative, collegiate culture.
- Degree educated (preferred but not essential).
Senior Underwriter employer: WR Berkley
Join a leading firm that values expertise and fosters a collaborative work environment, where your contributions as a Senior Underwriter will directly influence our Casualty Treaty business strategy. With a strong emphasis on professional development, we offer mentorship opportunities and a culture that encourages innovation and teamwork, all set in a dynamic location that supports both personal and career growth.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter
✨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 WR Berkley). 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 WR Berkley. 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 Senior Underwriter
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 WR Berkley.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at WR Berkley. 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 WR Berkley
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at WR Berkley 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 WR Berkley, 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 WR Berkley'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.
