At a Glance
- Tasks: Underwrite major property accounts and drive business development in a dynamic team environment.
- Company: Leading insurance firm with a focus on innovation and collaboration.
- Benefits: Competitive salary, professional growth opportunities, and a supportive work culture.
- Why this job: Join a vibrant team and make impactful decisions in the insurance industry.
- Qualifications: 5-10 years of underwriting experience and strong communication skills.
- Other info: Opportunity for career advancement and involvement in exciting marketing initiatives.
The predicted salary is between 43200 - 72000 Β£ per year.
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.
Qualifications Requirements:
- 5-10 years experience underwriting major Property accounts in the London market.
- 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.
Assistant Vice President - Mining, Europe Property Division in London employer: Allied World Assurance Company Holdings
Contact Detail:
Allied World Assurance Company Holdings Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Assistant Vice President - Mining, Europe Property Division in London
β¨Tip Number 1
Network like a pro! Get out there and connect with industry professionals on LinkedIn or at events. We all know that sometimes itβs not just what you know, but who you know that can land you that dream job.
β¨Tip Number 2
Prepare for those interviews by researching the company and the role inside out. We want you to be able to discuss how your experience aligns with their needs, especially in underwriting and customer interactions.
β¨Tip Number 3
Practice makes perfect! Do mock interviews with friends or mentors to boost your confidence. We canβt stress enough how important it is to articulate your skills and experiences clearly.
β¨Tip Number 4
Donβt forget to apply through our website! Itβs the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Assistant Vice President - Mining, Europe Property Division in London
Some tips for your application π«‘
Tailor Your CV: Make sure your CV is tailored to the Assistant Vice President role. Highlight your underwriting experience and any relevant achievements in the London market. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Share specific examples of your marketing and negotiation skills, and how theyβve helped you achieve business targets in the past.
Showcase Your Team Spirit: Since this role involves working closely with colleagues and customers, make sure to highlight your teamwork skills. Share experiences where you've successfully collaborated with others to deliver results or improve processes.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. Itβs the best way for us to receive your application and keep track of it. Plus, it shows youβre keen on joining our team at StudySmarter!
How to prepare for a job interview at Allied World Assurance Company Holdings
β¨Know Your Underwriting Inside Out
Make sure you brush up on your underwriting knowledge, especially regarding major Property accounts in the London market. Be prepared to discuss specific cases you've worked on and how you made decisions within risk appetites.
β¨Show Off Your Communication Skills
Since this role involves liaising with customers, brokers, and colleagues, practice articulating your thoughts clearly. Use examples from your past experiences to demonstrate your strong verbal and written communication skills.
β¨Demonstrate Team Spirit
This position requires collaboration with junior staff and other departments. Think of instances where you've successfully worked as part of a team or mentored others, and be ready to share these stories during the interview.
β¨Stay Current with Industry Trends
Familiarise yourself with the latest developments in the insurance industry, particularly those affecting property underwriting. Being able to discuss current issues will show your passion for the field and your commitment to staying informed.