At a Glance
- Tasks: Underwrite cases, make decisions, and support business development in a dynamic team environment.
- Company: Join Allied World Assurance, a leading global insurance provider based in Manchester.
- Benefits: Enjoy competitive pay, professional growth opportunities, and a collaborative work culture.
- Why this job: Make an impact in the insurance industry while developing your skills and mentoring others.
- Qualifications: 5-10 years of underwriting experience and strong communication skills are essential.
- Other info: This role requires travel within the geographical remit and offers a full-time schedule.
The predicted salary is between 43200 - 72000 £ 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.
Responsibilities include:
- Reviewing allocated cases and delivering underwriting decisions to secure profitable business.
- Supporting junior staff and participating in peer reviews.
- Providing guidance on policy wordings to ensure accuracy and currency.
- Developing marketing activities and product initiatives to expand business.
- Traveling within the geographical remit as required.
- Identifying up-selling and cross-selling opportunities to maximize revenue.
- Managing customer interactions to ensure high satisfaction standards.
- Mentoring colleagues to raise technical standards.
- Collaborating with Actuarial Department for pricing when needed.
- Liaising with Claims Department on claims activities and concerns.
- Staying updated on industry issues and developments.
- Maintaining low aged debt levels through accurate record-keeping.
- Performing reporting duties as required.
- Other duties as assigned.
Qualifications:
- 5-10 years of experience underwriting Property accounts in Manchester and UK regional markets.
- Strong marketing, negotiation, and presentation skills.
- Knowledge of standard market policy and endorsement wordings.
- Professional Insurance Designation (e.g., ACII/FCII) preferred.
- Excellent organizational and prioritization skills.
- Strong interpersonal, analytical, and teamwork skills.
- Excellent verbal and written communication skills.
- Proficiency in MS Office, especially Excel.
Senior Underwriter - European Property employer: Allied World Assurance Company Holdings
Contact Detail:
Allied World Assurance Company Holdings Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter - European Property
✨Tip Number 1
Network with professionals in the insurance industry, especially those who work in underwriting. Attend industry events or join relevant online forums to connect with potential colleagues and learn about the latest trends in European property underwriting.
✨Tip Number 2
Familiarise yourself with the specific underwriting processes and risk appetites of Allied World Assurance Company. Understanding their approach will help you tailor your discussions and demonstrate your alignment with their business goals during interviews.
✨Tip Number 3
Prepare to discuss your experience in managing customer interactions and how you've maintained high satisfaction standards in previous roles. Be ready to share specific examples that highlight your negotiation and marketing skills.
✨Tip Number 4
Stay updated on current industry issues and developments related to property underwriting in the UK. This knowledge will not only enhance your conversations but also show your commitment to staying informed and proactive in your field.
We think you need these skills to ace Senior Underwriter - European Property
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in underwriting, particularly in Property accounts. Emphasise your achievements and skills that align with the job description, such as marketing, negotiation, and communication skills.
Craft a Compelling Cover Letter: Write a cover letter that specifically addresses the responsibilities and qualifications mentioned in the job description. Use examples from your past experience to demonstrate how you meet the requirements and can contribute to the company's success.
Showcase Your Industry Knowledge: In your application, mention any recent developments or issues in the insurance industry that are relevant to the role. This shows that you are proactive and knowledgeable about the field, which is crucial for a Senior Underwriter.
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, which is essential in underwriting roles.
How to prepare for a job interview at Allied World Assurance Company Holdings
✨Know Your Underwriting Basics
Make sure you brush up on your underwriting knowledge, especially regarding property accounts in the UK. Be prepared to discuss specific cases you've handled and the decisions you made, as this will demonstrate your expertise and experience.
✨Showcase Your Communication Skills
As a Senior Underwriter, you'll need to liaise with various stakeholders. Practice articulating your thoughts clearly and confidently. Prepare examples of how you've effectively communicated with customers, brokers, and colleagues in the past.
✨Highlight Your Teamwork Experience
This role involves collaboration with different departments. Be ready to share instances where you've worked as part of a team, mentored junior staff, or contributed to peer reviews. This will show that you're not just a strong individual contributor but also a team player.
✨Prepare for Industry Questions
Stay updated on current industry trends and issues. Be prepared to discuss how these developments could impact underwriting practices. Showing that you're knowledgeable about the market will impress your interviewers and demonstrate your commitment to the field.