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Mid Market Assistant Underwriter

Gravitas Recruitment Group
Posted 20 hours ago, valid for 25 days
Location

London, Greater London EC1R 0WX

Salary

£45,000 - £54,000 per annum

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Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • Our client, a leading global Re/Insurance company, is seeking an Assistant Underwriter to join their Middle Market London business team.
  • The role requires at least 3+ years of P&C underwriting experience, specifically within the middle market space.
  • Key responsibilities include evaluating new and renewal submissions, pricing coverage, and attending client meetings to build strong relationships.
  • Candidates should possess strong negotiation skills and proficiency in Microsoft Office Suite, along with excellent communication abilities.
  • The position offers a competitive salary, reflecting the candidate's experience and qualifications.

Our client a leading global Re/Insurance company has a unique opportunity for an Assistant Underwriter to join the Middle Market London business team.

The Middle Market Underwriting team offers diverse multi-line capabilities targeted at select industry verticals such as real estate, hospitality, financial institutions, professional services, technology, and life science. They work through a network of retail brokers who share our commitment to long-term partnerships built on a strong service proposition.

What you'll be doing:

  • Prioritization and evaluation of new and renewal submissions to identify those accounts that provide the greatest opportunity for profit consistent with the business plan and corporate profit objectives.
  • Price and analyze coverage, structure and exposures on individual risks.
  • Set appropriate T&Cs per the Company underwriting strategy and guidelines to quote qualified risks.
  • Attend client/broker meetings, lunches, dinners and other social outings as applicable.
  • Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems and procedures.
  • Expand existing portfolio of business by developing existing relationships and new prospective clients.
  • Support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture. Emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite.
  • Conducts individual account underwriting audits as and when needed.
  • Complete underwriting referral applications for risks outside of your authority for higher level approval as necessary.

What you'll bring:

  • Cross class P&C underwriting experience within the middle market space.
  • Undergraduate, Insurance or advanced degree preferred.
  • At least 3+ years of P&C underwriting experience.
  • Experience within the middle market space.
  • Established relationships with retail producers.
  • Strong negotiation skills.
  • Proficiency in Microsoft Office Suite (Excel, Word and PowerPoint).
  • Excellent communication (both written and verbal) skills.

Apply now in a few quick clicks

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.