At a Glance
- Tasks: Underwrite major Property accounts and drive business development in a dynamic team.
- Company: Leading insurance firm with a focus on innovation and collaboration.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Exciting role with travel opportunities and a chance to mentor junior staff.
- Why this job: Join a vibrant team and make impactful decisions in the insurance industry.
- Qualifications: 5-10 years underwriting experience and strong communication skills required.
The predicted salary is between 60000 - 80000 £ per year.
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/ ECU 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.
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.
Assistant Vice President - Manchester Property employer: Allied World Assurance Company
As an Assistant Vice President in our Manchester Property division, you will thrive in a dynamic work environment that values collaboration and professional growth. We offer competitive benefits, a supportive culture that encourages innovation, and opportunities for career advancement within the insurance sector. Join us to be part of a team that prioritises excellence and customer satisfaction while making a meaningful impact in the property market.
Contact Details:
Allied World Assurance Company Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Vice President - Manchester Property
✨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 on LinkedIn. We all know that sometimes it’s not just what you know, but who you know!
✨Show Off Your Skills
When you get the chance to chat with hiring managers or during interviews, make sure to highlight your underwriting experience and your knack for negotiation. We want to see how your skills can directly benefit their team, so be specific about your achievements!
✨Prepare for the Interview
Do your homework before any interview! Understand the company’s portfolio and recent developments in the property market. We want you to come across as knowledgeable and passionate about the role, so brush up on your market policy and endorsement wordings.
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to engage with us directly!
We think you need these skills to ace Assistant Vice President - Manchester Property
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Assistant Vice President role. Highlight your underwriting experience, especially in the London market, and showcase your marketing and negotiation skills. We want to see how your background aligns with what we're looking for!
Showcase Your Skills:Don’t forget to emphasise your strong verbal and written communication skills. Use examples from your past roles to demonstrate how you've effectively communicated with customers and colleagues. This will help us see you as a great fit for our team!
Be Clear and Concise:When writing your application, keep it clear and concise. We appreciate straightforwardness, so avoid jargon and get straight to the point. This will make it easier for us to understand your qualifications and experiences.
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to submit all the necessary documents in one go. Plus, it helps us keep track of your application!
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 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.
✨Show Off Your Communication Skills
Since this role requires excellent verbal and written communication, practice articulating your thoughts clearly. You might want to prepare a few examples of how you've successfully communicated with customers or colleagues in the past.
✨Demonstrate Your Team Spirit
This position involves working closely with others, so be ready to share experiences where you've collaborated effectively. Highlight your ability to mentor junior staff and contribute to a positive team environment.
✨Excel at Excel
Given the emphasis on MS Office skills, particularly Excel, make sure you're comfortable discussing how you've used Excel in your previous roles. Bring examples of reports or analyses you've created to showcase your proficiency.
