Assistant Underwriter - Real Estate Insurance

婵物捨; London; Hybrid; GBP 40,000 - 60,000; Part time

Job summary

A leading insurance company seeks an Underwriter to join their Commercial Insurance Real Estate team in London. This role offers the opportunity to work flexibly, manage a portfolio of domestic Real Estate risks, and collaborate with various teams to meet customer needs. Ideal candidates will have a strong understanding of risk assessment and negotiation, with an accredited degree in Insurance or equivalent qualifications. The company values diversity and offers a range of employee benefits.

Benefits

12% defined non-contributory pension scheme

Annual company bonus

Private medical insurance

Option to buy/sell holiday days

Qualifications

• Experience in Insurer/Reinsurer on Real Estate/Property business beneficial.
• Knowledge of insurance policy wordings and broker clauses.

Responsibilities

• Underwrite and analyze new and renewal business within the domestic team.
• Develop relationships with cedants & brokers for business retention.
• Negotiate Terms & Conditions and close deals.

Skills

Risk Assessment

Negotiation

Collaboration

Education

Accredited degree or similar Insurance qualifications

Job description

Working hours: This role is available on a part-time, job-share or full-time basis.

Location: London – hybrid working with 3 days in our London office.

Closing date for applications: 22nd May 2025

The opportunity:

Are you looking for the next step in your underwriting career? As a member of the Commercial Insurance Real Estate team, you’ll work in anestablished underwriting team, working on a portfolio of domestic Real Estate risks in accordance with Zurich guidelines.

You’ll take a solution-oriented approach as you develop your Underwriting career with our broker partners and our customers. You’ll have the opportunity to collaborate with other lines of business to ensure we meet our customers’ needs.

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 interview about the flexibility you may need.

What will you be doing?

• Working under direction, underwrite and analyse new and renewal business within our transactional domestic team and/or within delegated authority levels of highly complex assignments.
• 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.
• 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.

What are we looking for?

• Experience of working for Insurer/Reinsurer on Real Estate/Property business (or similar technical lines) would be beneficial but not essential.
• Knowledge of insurance policy wordings, equivalent broker and market clauses.
• Accredited degree or similar Insurance qualifications.
• Disciplined approach to exposure evaluation, risk assessment and pricing.

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.

Follow the link for more information about our benefits - Employee benefits | Working at Zurich Insurance UK

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.

With over 55,000 employees in more than 170 countries, you’ll feel the support of being part of a strong and stable company who are a long-standing player in the insurance industry.

We’ve made a promise to each other and every employee; to focus on sustainable impact, to care about each other’s wellbeing, to use our diverse expertise to be curious and optimistic and to develop the skills needed for our future.

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. Be part of something great.

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. We want our employees to reflect the diversity of our customers, and so are committed to treating all of our applicants fairly and with respect, irrespective of their actual or assumed background, disability or any other protected characteristic.

We’ve an environment that places a real importance on our people’s wellbeing from a physical, mental, social and financial perspective. We work with our wellbeing partners and industry experts to provide the best advice and access to a wealth of lifestyle support. We’re also committed to continuous improvement and we offer access to a comprehensive range of training and development opportunities.

We’re passionate about supporting employees to help others by getting involved in volunteering, charitable and community activity.Our charitable arm,Zurich Community Trust, is one of the longest-established corporate trusts in the UK. In that time, we’ve awarded grants and volunteered time to deserving causes in the UK valued at over £90 million.

So make a difference. Be challenged. Be inspired. Be supported, Love what you do. Work for us. #LI-Hybrid