At a Glance
- Tasks: Underwrite property cases, deliver decisions, and drive business development.
- Company: Leading insurance firm with a focus on innovation and teamwork.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Opportunity for career growth and to mentor junior staff.
- Why this job: Join a dynamic team and make impactful decisions in the insurance industry.
- Qualifications: 5-10 years of underwriting experience and strong communication skills.
The predicted salary is between 60000 - 80000 £ 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.
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.
Senior Underwriter - Property in London employer: Allied World Assurance Company
As a Senior Underwriter at our company, you will thrive in a dynamic and supportive work environment that prioritises employee growth and development. We offer competitive benefits, a collaborative culture, and opportunities to engage in meaningful business development activities, all while working within the vibrant London market. Join us to enhance your expertise and make a significant impact in the property underwriting sector.
Contact Details:
Allied World Assurance Company Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter - Property in London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to potential colleagues or mentors. Building relationships can open doors that a CV just can’t.
✨Show Off Your Expertise
When you get the chance to chat with hiring managers or during interviews, make sure to highlight your experience in underwriting major Property accounts. Share specific examples of how you've tackled challenges and contributed to business development – it’ll set you apart!
✨Be Ready to Discuss Trends
Stay updated on the latest industry trends and issues. When you’re in discussions, whether it’s an interview or networking, being able to talk knowledgeably about current developments shows you’re engaged and passionate about the field.
✨Apply Through Our Website
Don’t forget to check out our website for job openings! Applying directly through us not only makes your application stand out but also shows you’re genuinely interested in being part of our team. Let’s get you that Senior Underwriter role!
We think you need these skills to ace Senior Underwriter - Property in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Underwriter role. Highlight your experience in underwriting major Property accounts and any relevant qualifications like ACII/FCII. We want to see how your skills match what we're looking for!
Showcase Your Skills:In your cover letter, emphasise your marketing, negotiation, and presentation skills. Give us examples of how you've successfully managed customer interactions or contributed to business development activities. We love seeing real-life applications of your skills!
Be Clear and Concise:When writing your application, keep it clear and concise. Use bullet points where possible to make it easy for us to read. Remember, we’re looking for strong verbal and written communication skills, so let that shine through!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining the StudySmarter team!
How to prepare for a job interview at Allied World Assurance Company
✨Know Your Underwriting Inside Out
Make sure you brush up on your underwriting knowledge, especially regarding property accounts in the London market. Be prepared to discuss specific cases you've handled and how you made decisions within risk appetites. This will show that you’re not just familiar with the processes but can apply them effectively.
✨Showcase Your Communication Skills
Since this role involves liaising with customers, brokers, and colleagues, practice articulating your thoughts clearly and confidently. Prepare examples of how you've managed customer interactions or resolved conflicts in the past. This will demonstrate your excellent interpersonal skills and ability to work within a team.
✨Highlight Your Marketing Savvy
Be ready to discuss any marketing activities or product development initiatives you've led or contributed to. Think about how you’ve identified up-selling or cross-selling opportunities in previous roles. This will illustrate your proactive approach to business development and your understanding of market dynamics.
✨Prepare for Technical Questions
Expect questions related to policy wordings and endorsements. Brush up on your knowledge of standard market practices and be ready to provide insights into how you ensure documentation is current and accurate. This will showcase your expertise and attention to detail, which are crucial for this role.
