At a Glance
- Tasks: Lead underwriting for Professional Indemnity in the dynamic North American market.
- Company: Join a forward-thinking insurance firm with a focus on innovation and collaboration.
- Benefits: Competitive salary, professional development, and a diverse work culture.
- Other info: Opportunity for career growth in a supportive and inclusive environment.
- Why this job: Make a real impact in the insurance industry 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 plan.
- Execute portfolio management strategies to drive a better loss ratio and achieve plan.
- Manage direct commissions and direct expenses to achieve plan.
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 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 offers exceptional employee growth opportunities, a commitment to diversity and inclusion, and a supportive work culture that encourages professional development. Located at the heart of the insurance market, you will benefit from strong market relationships and the chance to make a meaningful impact on our business strategy.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter - Professional Indemnity
✨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. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Ace the Interview
Prepare for your interviews by researching the company and practising common questions. We recommend using the STAR method to structure your answers – it helps you showcase your skills and experiences effectively. Remember, confidence is key, so believe in yourself!
✨Follow Up
After an interview, don’t forget to send a thank-you email! It shows your appreciation and keeps you fresh in their minds. We suggest mentioning something specific from the interview to make it personal – it goes a long way in making a positive impression.
✨Apply Through Our Website
When you find a role that excites you, apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are genuinely interested in joining our team!
We think you need these skills to ace Senior Underwriter - Professional Indemnity
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 position, 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 Underwriting Stuff
Make sure you brush up on your underwriting knowledge, especially in Professional Indemnity. Be ready to discuss specific cases or scenarios you've handled, and how your decisions impacted the outcomes. This shows you're not just familiar with the theory but have practical experience too.
✨Show Off Your Market Relationships
Since this role involves strong market relationships, come prepared with examples of how you've built and maintained these connections. Talk about how these relationships have helped you achieve business goals or navigate challenges in the past.
✨Demonstrate Your Strategic Thinking
Be ready to discuss how you've developed and executed strategies in previous roles. Think about how you can apply this to the North American market and be specific about the results you've achieved. This will show that you can think critically and strategically.
✨Emphasise Collaboration Skills
This role requires collaboration across various teams, so highlight your experience working with different departments. Share examples of how you've successfully managed projects or initiatives that required input from multiple stakeholders, showcasing your communication and interpersonal skills.
