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For Companies At a Glance
- Tasks: Underwrite new and renewal business while managing key relationships in the Construction portfolio.
- Company: Join Arch Insurance International, a leader in innovative insurance solutions.
- Benefits: Enjoy competitive pay, professional development opportunities, and a dynamic work environment.
- Why this job: Be part of a team shaping the future of construction insurance with impactful projects.
- Qualifications: 10+ years in Construction Insurance; strong analytical and communication skills required.
- Other info: Opportunity to attend international meetings and enhance your industry profile.
The predicted salary is between 48000 - 72000 £ per year.
We are seeking an experienced Underwriter to help develop the companies Construction portfolio. They will have new business and renewal authority and support the Line of Business Head to build a balanced & profitable portfolio with overall aim of achieving a 12% ROC across the cycle.
Key Tasks and Responsibilities
- Underwrite new and renewal business in accordance with underwriting guidelines and personal underwriting authority.
- Manage Delegated Underwriting Authority relationships.
- Provide input to help LOB Head develop and periodically update department underwriting guidelines.
- Provide input to help Actuarial department develop and update pricing models and monitor portfolio rate adequacy and movement.
- Assist in the data input and monitoring of risk accumulation / aggregation and natural catastrophe exposure across the Line of Business.
- Assist in the training and development of other members of the Construction team providing expertise and guidance.
- Support wider Marine, Energy & Construction team in developing knowledge and products in the energy transition space.
- Review, agree and help develop policy clauses and wordings.
- General duties associated with day to day underwriting operations both internally and externally, e.g. internal Peer Review; and attending the Lloyds box when necessary.
- Provide assistance and input in the annual business planning process, reinsurance renewal and line of business review process as may be required.
- Preparation and presentation of underwriting data, requested by your manager or other members of senior management as may be required.
- Attend meetings – both in London and overseas – with the company’s clients, prospective clients and brokers and help to increase Arch International Construction department’s profile.
- Market Arch products and proactively manage broker relationships.
- Stay abreast of industry topics and changes in legislation impacting the line of business.
Role Requirements & Skills
- Expert knowledge of the Construction Industry and Insurance thereof
- Attention to detail / data integrity
- Effective Analytical Skills
- Strong interpersonal / communication skills, both written & verbal
- Solid IT skills, specifically in Microsoft Excel, Word & Powerpoint
- Ability to understand technical information
- Confident negotiation and decision-making skills
- High level of numeracy and literacy skills
- Strong problem solving skills and logical approach to work
- High level of self-motivation
- Ability to work to tight deadlines and under pressure
- Strong team working skills
Qualifications
- University degree – preferred but not essential. If not, good A-Level qualifications
- ACII – preferred or working towards
Experience
- >10 years in the Construction Insurance Industry
Arch Insurance International | Construction Underwriter employer: Arch Insurance International
Contact Detail:
Arch Insurance International Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Arch Insurance International | Construction Underwriter
✨Tip Number 1
Make sure to showcase your extensive experience in the Construction Insurance Industry during networking events. Connect with professionals in the field and discuss current trends, as this will help you stand out when applying for the Underwriter position.
✨Tip Number 2
Stay updated on industry topics and changes in legislation that impact construction insurance. This knowledge will not only prepare you for interviews but also demonstrate your commitment to the field and your proactive approach.
✨Tip Number 3
Develop strong relationships with brokers and clients in the construction sector. Engaging with them can provide valuable insights and potentially lead to referrals or recommendations for the Underwriter role at Arch Insurance International.
✨Tip Number 4
Prepare to discuss your analytical skills and how you've used them to assess risk and manage portfolios in previous roles. Being able to articulate your thought process and decision-making will be crucial in demonstrating your fit for the position.
We think you need these skills to ace Arch Insurance International | Construction Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in the Construction Insurance Industry, especially any relevant underwriting experience. Use specific examples that demonstrate your analytical skills and attention to detail.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your background aligns with the key tasks and responsibilities outlined in the job description, particularly your ability to manage relationships and develop underwriting guidelines.
Highlight Relevant Skills: Clearly outline your strong interpersonal and communication skills, as well as your proficiency in Microsoft Excel, Word, and PowerPoint. Provide examples of how you've used these skills in previous roles to support your application.
Showcase Industry Knowledge: Demonstrate your understanding of current industry topics and changes in legislation that impact the construction insurance sector. This will show your commitment to staying informed and your ability to contribute to the team effectively.
How to prepare for a job interview at Arch Insurance International
✨Showcase Your Industry Knowledge
Make sure to demonstrate your expert knowledge of the Construction Industry and its insurance aspects. Be prepared to discuss recent trends, challenges, and how they impact underwriting decisions.
✨Highlight Analytical Skills
Since effective analytical skills are crucial for this role, come prepared with examples of how you've used data to make informed underwriting decisions. Discuss any experience you have with pricing models or risk assessment.
✨Demonstrate Communication Skills
Strong interpersonal and communication skills are essential. Practice articulating your thoughts clearly and confidently, especially when discussing complex technical information or negotiating terms.
✨Prepare for Team Dynamics
This role requires strong team working skills. Be ready to share experiences where you've successfully collaborated with others, particularly in training or mentoring situations within a construction team.
