At a Glance
- Tasks: Underwrite property cases, deliver decisions, and drive business development in Manchester.
- Company: Dynamic insurance firm with a focus on innovation and teamwork.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Collaborative environment with opportunities to mentor junior staff.
- Why this job: Join a leading 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 55000 - 70000 £ 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 in Manchester. 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.
- 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.
Assistant Vice President - Property Underwriter - Manchester employer: Allied World
As an Assistant Vice President in our Property Division based in Manchester, you will thrive in a dynamic work culture that prioritises collaboration and professional growth. We offer competitive benefits, including opportunities for continuous learning and development, while fostering a supportive environment where your expertise is valued and your contributions directly impact our success. Join us to be part of a forward-thinking team that is committed to excellence and customer satisfaction.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Vice President - Property Underwriter - Manchester
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals in Manchester. Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for those interviews! Research the company and the role inside out. We recommend practising common interview questions and even some specific to underwriting. Show them you’re not just another candidate, but the perfect fit for their team.
✨Tip Number 3
Follow up after your interviews! A quick thank-you email can go a long way. It shows your enthusiasm for the role and keeps you fresh in their minds. We believe it’s a simple yet effective way to stand out from the crowd.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities waiting for you, and applying directly can sometimes give you an edge. Plus, it’s super easy to navigate and find the right role for you!
We think you need these skills to ace Assistant Vice President - Property Underwriter - Manchester
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Assistant Vice President role. Highlight your underwriting experience and any relevant achievements that align with the job description. We want to see how you can bring value to our team!
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. Mention specific skills like your marketing and negotiation prowess, and how they relate to our needs at StudySmarter.
Showcase Your Team Spirit:Since this role involves working closely with others, make sure to highlight your teamwork skills. Share examples of how you've collaborated with colleagues or contributed to peer reviews in your previous roles.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and get you on board with StudySmarter!
How to prepare for a job interview at Allied World
✨Know Your Underwriting Inside Out
Make sure you brush up on your underwriting knowledge, especially regarding major Property accounts. Be prepared to discuss specific cases you've worked on and how you made decisions within the risk appetite. This will show that you’re not just familiar with the processes but can apply them effectively.
✨Show Off Your Marketing Skills
Since this role involves business development, think of examples where you've successfully identified up-selling or cross-selling opportunities. Be ready to share how you contributed to marketing activities or product development initiatives in your previous roles. This will demonstrate your proactive approach to driving business growth.
✨Demonstrate Team Spirit
This position requires collaboration with various stakeholders, so be prepared to talk about your experience working in teams. Share examples of how you've supported junior staff or contributed to peer reviews. Highlighting your interpersonal skills will show that you can work well with others and maintain high standards across the team.
✨Stay Current with Industry Trends
Familiarise yourself with the latest industry issues and developments. During the interview, mention any recent trends or changes in the property insurance market that could impact underwriting decisions. This shows that you’re engaged and knowledgeable, which is crucial for making informed decisions in this role.