Junior Underwriter - Engineering (Part-Time, Job-Share and Full-Time)
Full Time
London
Posted
Job description
Location: London
Closing date for applications: 8th December 2022
The opportunity:
As a member of the Commercial Insurance Energy, Marine and Construction team, the Junior Underwriter – Engineering will work in an established underwriting team, working on a portfolio of Construction and Engineering Risks including Project Specific covers (CAR / EAR, DSU) MB, MLOP, CECR and Sustainable Energy in accordance with Zurich guidelines.
You will take a solution-oriented approach as you develop your Underwriting career with our Broker partners and our customers. Interaction and cooperation with other Lines of Business as needed to ensure we are able to respond to our customers’ needs.
This role is available part-time, job-share or full time. 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 interview about the flexibility you may need.
Key Responsibilities:
- Working under direction, underwrite and analyse new and renewal business within delegated authority levels of highly complex assignments.
- Willingness to take on new tasks, learn new skillsets
- Administer and monitor underwriting Guidelines whilst complying with insurance laws and Regulations and pricing manuals
- Develop, maintain & collaborate with Line of Business representatives on referrals and other business-related needs, as appropriate.
- Work closely with the Risk Engineering/Claims and Customer Teams as required
- Work with the Finance function and support the financial processing, premium collection, whenever required
- Develop relationships with cedants & brokers in support of business retention and acquisition and provide solutions for their insurance related needs
- Complete detailed opportunity assessment with key distributors to identify growth opportunities
- Qualify accounts to meet with the organization's appetite, balanced with sound business opportunity.
- Learn to Negotiate Terms & Conditions and close deals.
- Cross-Sell other lines of business to increase product density with the account.
- Handle & review large/complex underwriting submissions and annual underwriting reviews.
- Represent Zurich at Internal and external events
Your skills and experience:
- Accredited degree or similar Insurance qualifications
- Experience of working for Insurer/Reinsurer on in Engineering Lines (or similar technical lines)- preferably based in the UK already.
- Experience working in multicultural/international environment
- Knowledge of insurance policy wordings, equivalent broker and market clauses
- Disciplined approach to exposure evaluation, risk assessment and pricing.
- Additional language skills in addition to English an asset.
The reward
As well as a competitive salary, we also offer an excellent lifestyle benefits package which includes:
- 12% company pension contribution (employee contribution optional)
- 25 days holiday plus an additional 3 volunteering days
- Annual company performance related bonuses
- Private Healthcare cover
- Discounted technology offers
- Virtual GP appointments
- Discounted gym membership
- Free flu jab
- Discounted gadget insurance
Who we are
With about 55,000 employees serving customers in more than 170 countries we aspire to become the best global insurer as measured by our shareholders, customers and employees. If you're interested in working in a dynamic and challenging environment for a company that recognises and rewards your creativity, initiatives and contributions - then Zurich could be just the place for you. The success of our business is built on the contributions of our highly talented employees - people who work every day to position us at the forefront of the insurance industry. We therefore look to hire great people and we encourage those people to give their best.
You’ll feel the support of being part of a strong and stable company. A long-standing player in the insurance industry, we make every effort to address the career development needs and plans of our employees to ensure their success in the future.
Our culture
At Zurich we are proud of our culture. We are passionate about Diversity and Inclusion. We want you to bring your whole self to work we have a diverse mix of customers and we want our employee base to reflect that.
Our diversity and inclusion initiatives are creating an environment where everyone feels welcome regardless of protected characteristics.
With the above in mind we accept applications from everyone regardless of your background, beliefs or culture however we especially welcome applications from women, people from ethnic minorities, people with a disability and people who are LGBT+ as these groups are currently under-represented in our organisation.
We are committed to continuous improvement and we offer access to a comprehensive range of training and development opportunities. Zurich is passionate about supporting employees to help others by getting involved in volunteering, charitable and community activity through the Zurich Community Trust.
We have won numerous awards for our work on Diversity and Inclusion. We are also proud to be nominated for the 2020 Insurance Times award for Diversity and Inclusion. You can read about our awards on our website.
So make a difference. Be challenged. Be inspired. Be supported, Love what you do. Work for us.
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