At a Glance
- Tasks: Join our underwriting team to analyse and improve eTrade products while making key business decisions.
- Company: Be part of a dynamic social network that thrives on collaboration and innovation.
- Benefits: Enjoy flexible working options, competitive pay, and opportunities for professional growth.
- Why this job: Make a real impact by shaping products and building relationships in a supportive team environment.
- Qualifications: Experience with eTrade underwriting and a passion for learning are essential.
- Other info: Ideal for those pursuing CII accreditation and eager to grow in the insurance industry.
The predicted salary is between 36000 - 60000 £ per year.
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Our Underwriters are at the heart of everything we do, without them our business wouldn’t function.
Reporting to the Senior Etrade Underwriter, you will be a key member of the underwriting team, focusing on the development of etrade products hosted on Acturis. Your responsibilities include reviewing conversion, referral, and decline rates, making sound underwriting decisions, and contributing to operational strategy.
You will be responsible for maintaining and building new business to profitably grow MS AISE while minimizing loss exposure. The products underwritten include commercial combined, Property Owners, and our package products, Shop & Salon and Office & Surgery, working within a small team with shared goals.
About The Job
What you’ll spend your time doing:
- Analyze new business referral, quote, and conversion rates to identify opportunities, improve underwriting efficiency, and ensure robust business cases for changes.
- Collaborate with the product development team to improve etrade products, including specification, testing, and impact analysis of all digitally distributed products.
- Respond to online underwriting referrals in line with our appetite and guidelines, making profitable long-term risk decisions.
- Maintain and develop relationships with existing and new clients through regular contact, understanding their business and adding value.
- Build strong relationships with existing brokers and seek new opportunities where appropriate.
- Represent yourself and your class in external activities, groups, and committees.
Compliance and Risk Management
- Operate in accordance with the Company’s Business Ethics policy and all relevant regulatory requirements.
- Ensure the location/market complies with risk, legal, and regulatory standards, as well as wider policies.
Management Information
- Participate actively in regular underwriting meetings.
- Review underwriting figures regularly to identify and address unusual trends or adverse movements.
- Produce a monthly report on new business and renewal income, conversion rates, quotability, and product improvement suggestions.
- Peer review risks and material endorsements as necessary.
- Stay alert to developments affecting the business class, profitability, and opportunities, reporting as appropriate to leadership.
You’re going to enjoy this job if you also…
- Have experience with eTrade underwriting on Acturis for commercial lines within SME Non-Motor GI.
- Are a keen learner working towards CII accreditation.
- Understand MI and its relationship to eTrade underwriting.
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Underwriter IV employer: MS Amlin
Contact Detail:
MS Amlin Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter IV
✨Tip Number 1
Familiarise yourself with Acturis and its functionalities, as this is crucial for the Underwriter IV role. Understanding how to navigate and utilise this platform will not only boost your confidence but also demonstrate your readiness to hit the ground running.
✨Tip Number 2
Network with professionals in the underwriting field, especially those who have experience with eTrade products. Engaging in conversations about industry trends and challenges can provide you with valuable insights and potentially lead to referrals.
✨Tip Number 3
Stay updated on the latest developments in commercial lines and risk management. Being knowledgeable about current market conditions and regulatory changes will help you make informed decisions and show your commitment to the role.
✨Tip Number 4
Prepare to discuss your approach to building relationships with clients and brokers during the interview. Highlighting your interpersonal skills and strategies for maintaining strong connections will set you apart as a candidate who can contribute to the team's success.
We think you need these skills to ace Underwriter IV
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of an Underwriter IV. Familiarise yourself with eTrade underwriting, particularly on Acturis, and the specific products mentioned in the job description.
Tailor Your CV: Highlight your relevant experience in eTrade underwriting and any familiarity with commercial lines. Make sure to include specific examples of how you've contributed to improving underwriting efficiency or managing client relationships.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss your understanding of the underwriting process and how your skills align with the company's goals, particularly in relation to risk management and compliance.
Showcase Your Analytical Skills: Since the role involves analysing conversion rates and identifying opportunities, be sure to mention any relevant analytical skills or tools you have used in previous roles. Provide examples of how you've successfully made data-driven decisions in underwriting.
How to prepare for a job interview at MS Amlin
✨Know Your Underwriting Basics
Make sure you have a solid understanding of underwriting principles, especially in relation to eTrade products. Brush up on your knowledge of commercial combined, Property Owners, and package products like Shop & Salon and Office & Surgery.
✨Demonstrate Analytical Skills
Be prepared to discuss how you've analysed conversion, referral, and decline rates in previous roles. Highlight specific examples where your analysis led to improved underwriting efficiency or better business decisions.
✨Showcase Your Relationship-Building Abilities
Since maintaining and developing client relationships is key, think of examples where you've successfully built rapport with clients or brokers. Be ready to explain how you add value to these relationships.
✨Familiarise Yourself with Compliance Standards
Understand the importance of compliance and risk management in underwriting. Be ready to discuss how you ensure adherence to regulatory requirements and company policies in your work.