At a Glance
- Tasks: Underwrite property cases, deliver decisions, and support business development.
- Company: Allied World values collaboration and empowers professionals to grow through training and mentorship.
- Benefits: Enjoy professional development opportunities and a supportive team environment.
- Why this job: Join a dynamic team where your expertise directly impacts client solutions and business growth.
- Qualifications: 5-10 years of property underwriting experience and strong communication skills required.
- Other info: Professional Insurance Designation is desirable; travel within the UK may be necessary.
The predicted salary is between 43200 - 72000 £ per year.
Allied World is an ideal place for talented professionals who are driven by a belief in the value of collaboration and the power of knowledge. We believe that when our great people work together and support one another, our clients receive the best solutions. We embrace unique perspectives and empower each person to grow through professional development, career training and mentoring programs. Our people are our most important asset, and we are very proud of the quality of our team members.
This role involves underwriting cases across the allocated geographical remit of the portfolio, following the agreed processes and within risk appetite to achieve business development and retention targets. You will spend the majority of your time delivering underwriting decisions, contributing to business development activities and liaising with customers. You will deal with customers, brokers, network partners and third parties, working with other colleagues and as part of a team.
Duties and Responsibilities:
- Reviewing allocated cases and delivering underwriting decisions, following agreed processes at the designated authority level, to secure profitable business within the agreed risk appetite.
- Be a referral point for junior staff members and contribute to peer review processes as required to support and enable the maintenance of an effective control environment.
- Providing advice and guidance to the production of new policy wordings or reviews of existing policy wordings to ensure policy documentation is current and accurate.
- Identifying, recommending and leading or contributing to the development and exploitation of marketing activities and product development initiatives to increase penetration of existing customers and/or expand the business mix.
- Travel within allocated geographical remit as required.
- Proactively identifying and pursuing up-selling (add-ons) and cross-selling opportunities to maximize profitable revenue potential from new and renewal business and achieve agreed business targets.
- Managing customer interactions in an efficient, courteous and timely manner in order to deliver high standards of customer satisfaction.
- Providing expert advice, guidance and coaching to less qualified and/or experienced colleagues to address technical referrals and raise standards and expertise across the technical community.
- Seek input from Actuarial Department to price specific accounts when appropriate.
- Liaise with Claims Department on any specific claims activity and overall market claims concerns which could potentially affect profitability.
- Stay current with respect to major industry issues and developments.
- Help maintain low levels of aged debt through accurate and clear record keeping, liaising regularly with the Accounts Receivable team to resolve queries promptly.
- Carry out regular and ad hoc reporting as required.
- Other duties as may be assigned.
Requirements:
- 5-10 years experience underwriting Property accounts in the Manchester and UK Regional markets.
- Strong marketing, negotiation and presentation skills.
- Excellent knowledge and understanding of standard market policy and endorsement wordings.
- Professional Insurance Designation such as ACII/ FCII desirable.
- Organization skills and the ability to prioritize work.
- Excellent interpersonal skills, analytical skills and the ability to work within a team.
- Strong verbal and written communication.
- Excellent MS Office skills in particular Excel skills.
Contact Detail:
Allied World Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Property Senior Underwriter
✨Tip Number 1
Network with professionals in the insurance industry, especially those who work in property underwriting. Attend industry events or join relevant online forums to connect with potential colleagues and learn about the latest trends and challenges in the field.
✨Tip Number 2
Familiarise yourself with the specific geographical market of Manchester and the UK Regional markets. Understanding local regulations, market dynamics, and customer needs will give you an edge during interviews and discussions.
✨Tip Number 3
Prepare to discuss your experience with underwriting decisions and how you've contributed to business development in previous roles. Be ready to share specific examples that highlight your negotiation and presentation skills.
✨Tip Number 4
Stay updated on major industry issues and developments by following relevant news sources and publications. This knowledge will not only help you in interviews but also demonstrate your commitment to the field and your proactive approach.
We think you need these skills to ace Property Senior Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in underwriting, particularly in the Property sector. Emphasise your years of experience, relevant skills, and any professional designations like ACII or FCII that you hold.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention how your background aligns with their values of collaboration and knowledge sharing, and provide specific examples of your achievements in underwriting.
Highlight Relevant Skills: In your application, focus on key skills mentioned in the job description such as marketing, negotiation, and presentation skills. Provide concrete examples of how you've successfully used these skills in previous roles.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial in the underwriting field.
How to prepare for a job interview at Allied World
✨Showcase Your Underwriting Experience
Make sure to highlight your 5-10 years of experience in underwriting Property accounts, especially within the Manchester and UK Regional markets. Be prepared to discuss specific cases you've worked on and the decisions you made, as this will demonstrate your expertise and understanding of the role.
✨Demonstrate Strong Communication Skills
Since the role involves liaising with customers, brokers, and colleagues, it's crucial to showcase your excellent verbal and written communication skills. Practice articulating your thoughts clearly and confidently, and be ready to provide examples of how you've effectively communicated in previous roles.
✨Prepare for Technical Questions
Expect questions related to standard market policy and endorsement wordings. Brush up on your knowledge of these areas and be ready to discuss how you've applied this knowledge in your past work. This will show that you're not only familiar with the technical aspects but also capable of providing expert advice.
✨Highlight Team Collaboration
Allied World values collaboration, so be sure to share examples of how you've worked effectively within a team. Discuss any mentoring or coaching experiences you've had with junior staff, as this aligns with their emphasis on professional development and support.