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- Tasks: Join a dynamic team to underwrite global employee benefits and support innovative financing solutions.
- Company: Zurich, a leading global insurer with a strong commitment to diversity and inclusion.
- Benefits: Flexible working options, competitive pension scheme, annual bonuses, and private medical insurance.
- Why this job: Make a real impact in a global context while developing your skills in a supportive environment.
- Qualifications: Experience in underwriting and a degree in mathematics or finance preferred.
- Other info: Be part of a community-focused company that values wellbeing and continuous improvement.
The predicted salary is between 48000 - 84000 £ per year.
Working hours: This role is available on a part-time, job-share or full-time basis.
Location: London
The opportunity: The Zurich Global Employee Benefits Solutions team help multinational companies find the right financing solutions for their global employee benefit plans. From multinational pooling and captive services to innovative global underwriting programs, we offer multinational companies a holistic approach to risk management and financing solutions, maximizing the value of their global employee benefit plans.
We are looking for a motivated and commercially minded Senior Captive Underwriter to join our dynamic and international environment. In this role, you will act as the primary point of contact for any technical topics related to our corporate customers, handling complex new and renewal cases as part of a team of Life, Disability, Accident, and Group Medical underwriters. You will be integral in supporting the sales team in winning new customers, setting up reinsurance arrangements, and offering underwriting support to captives. This position can be based in either Zurich or London, providing a fantastic opportunity to work in a truly global context.
Many of our employees work flexibly in a variety of different ways, including part-time, flexible hours, job share, an element of working from home or compressed hours. This is because we want the best people for our roles, and we recognise that sometimes those people aren’t available full-time. Please talk to us at the interview about the flexibility you may need.
What will you be doing?
- Contributing to the request for proposal process alongside the sales team, by bringing technical expertise to the ZGEBS proposal.
- Supporting the implementation process for newly acquired captives, by setting-up the reinsurance program, which includes the reinsurance agreement wording and any credit risk related matters.
- Providing professional underwriting support to the captives for the onboarding and renewal of any cases being fronted through the ZGEBS network, while ensuring that the ZGEBS profitability targets are met.
- Using a disciplined approach to risk assessment of new and renewal business of your own portfolio of customers.
- Playing an active role in promoting the ZGEBS captive expertise externally.
- Evaluating captive protection needs and provide offer in line with ZGEBS profitability and risk appetite.
- Providing wider underwriting support to the ZGEBS underwriting team is expected, such as deputising other underwriters during their absences.
What are we looking for?
- Practical experience in underwriting employee benefit schemes for Life and/or Health business.
- Degree in mathematics, finance or similar.
- Ability to quickly understand and make use of new technical information and analyse datasets used for pricing.
- Strong analytical and technical skills with a high degree of accuracy in the daily work.
- Exceptional problem solving and decision-making abilities.
- A team player, who enjoys working in a dynamic and multi-cultural organisation.
- Proficiency in MS Office applications (including Word, PowerPoint; Excel).
- Strong communication skills. At ease in presenting to and discussing with customers and communicating about technical topics to a wide range of stakeholders, including sales and operation functions and external customers.
- Experience in setting up reinsurance agreements and a good understanding of reinsurance covers would be an advantage.
As an inclusive employer we want to ensure that all candidates feel comfortable and are able to perform at their best during the interview. You’ll have the opportunity to let us know of any reasonable adjustment or practical support needed when you apply.
What will you get in return? Everyone’s different. That’s why at Zurich, we offer a wide range of employee benefits so our people can choose what fits them and their life. Our benefits provide real flexibility so our people can make considered choices and tailor their benefits throughout the year. Our benefits include 12% defined non-contributory pension scheme, annual company bonus, private medical insurance and the option to buy up to an additional 20 days or sell some of your holiday.
Who we are: At Zurich we aspire to be one of the most responsible and impactful businesses in the world and the best global insurer. Together we’re creating a brighter future for our customers, our people and our planet.
Our Culture: At Zurich, our sense of community is strong and we’re particularly passionate about diversity and inclusion, which we’ve won numerous awards for. We want our people to bring the whole of themselves to work and ensure everybody is made to feel welcome, regardless of their background, beliefs or culture.
Senior Captive Underwriter in London employer: Zurich Insurance
Contact Detail:
Zurich Insurance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Captive Underwriter in London
✨Tip Number 1
Network like a pro! Reach out to current employees at Zurich or in the insurance industry on LinkedIn. Ask them about their experiences and any tips they might have for your interview. It’s all about making connections!
✨Tip Number 2
Prepare for those tricky questions! Think about how your experience aligns with the role of a Senior Captive Underwriter. Be ready to discuss specific examples of your underwriting expertise and how you’ve tackled complex cases in the past.
✨Tip Number 3
Show off your analytical skills! During the interview, highlight your ability to assess risks and make data-driven decisions. Bring along any relevant case studies or examples that showcase your problem-solving abilities.
✨Tip Number 4
Don’t forget to ask questions! Show your interest in the company by asking about their approach to employee benefits and how they support their underwriters. This not only demonstrates your enthusiasm but also helps you gauge if it’s the right fit for you.
We think you need these skills to ace Senior Captive Underwriter in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in underwriting employee benefit schemes. We want to see how your skills align with the role of Senior Captive Underwriter, so don’t hold back on showcasing your relevant expertise!
Show Off Your Analytical Skills: Since this role requires strong analytical abilities, include examples of how you've successfully assessed risks or handled complex cases in the past. We love seeing candidates who can demonstrate their problem-solving prowess!
Be Clear and Concise: When writing your application, keep it clear and to the point. Use straightforward language and avoid jargon unless it's relevant. We appreciate a well-structured application that’s easy to read and understand.
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Zurich Insurance
✨Know Your Underwriting Inside Out
Make sure you brush up on your knowledge of underwriting employee benefit schemes, especially in Life and Health. Be prepared to discuss specific cases you've handled and how you approached risk assessment. This will show your technical expertise and confidence in the subject.
✨Showcase Your Analytical Skills
Since strong analytical skills are crucial for this role, come ready to demonstrate how you've used data analysis in your previous positions. Think of examples where your analytical abilities led to successful outcomes, and be ready to explain your thought process.
✨Communicate Clearly and Confidently
You'll need to present complex information to a variety of stakeholders, so practice explaining technical topics in simple terms. Use examples from your past experiences to illustrate your points, and don’t shy away from asking questions to clarify any doubts during the interview.
✨Emphasise Team Collaboration
This role requires working closely with sales teams and other underwriters, so highlight your experience as a team player. Share stories that showcase your ability to collaborate effectively in a multicultural environment, and how you’ve contributed to team success in the past.