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- Tasks: Underwrite diverse portfolios and manage client relationships while meeting profitability goals.
- Company: Join Allied World, a collaborative company that values knowledge sharing and professional growth.
- Benefits: Enjoy training, mentoring programs, and a supportive team environment.
- Why this job: This role offers a chance to grow your skills in a dynamic industry with a focus on teamwork.
- Qualifications: 4-6 years of underwriting experience preferred; strong communication and multitasking skills required.
- Other info: Willingness to travel and engage in marketing activities is essential.
The predicted salary is between 43200 - 72000 £ per year.
Job Description – Assistant Vice President, SME, Professional Lines (25000045)
Take the next step in your career with us.
Allied World is an ideal place for talented professionals driven by collaboration and knowledge sharing.
We believe that working together and supporting one another allows us to provide the best solutions to our clients. We embrace diverse perspectives and support professional growth through development, training, and mentoring programs.
Our people are our most valuable asset, and we are proud of our team members.
Role Overview:
This position involves underwriting a diverse portfolio, meeting profitability, GWP, and expense goals, managing and growing the portfolio within guidelines, and marketing and servicing existing and potential clients.
Key Responsibilities:
- Analyze errors and omissions and assess risks of insurance agents;
- Evaluate potential clients and present findings in daily discussions;
- Develop broker relationships nationwide;
- Maintain a renewal retention rate of at least 70%;
- Mentor new underwriters as the team expands;
- Participate in training sessions and conferences;
- Assist with special projects under management supervision;
- Ensure compliance with underwriting guidelines and procedures;
- Perform general underwriting tasks including review, pricing, and setting terms;
- Coordinate with Actuarial Department for specific accounts;
- Collaborate with Claims Department on claims activities and market concerns;
- Ensure adherence to audit and administrative guidelines;
- Engage in marketing activities such as client/broker meetings and social events;
- Stay informed on industry developments;
- Support the implementation of iBind and marketing initiatives;
- Train underwriting assistants and junior staff;
- Conduct appetite review forums;
- Develop and update proposal forms and E&O documentation;
- Prepare reports for senior management;
- Perform other duties as assigned.
Qualifications & Person Specification:
- Strong writing and communication skills;
- 4-6 years of underwriting experience preferred;
- Excellent organizational and multitasking abilities;
- Ability to work independently in a fast-paced environment;
- Willingness to travel;
- Creative thinking, openness to challenge, and receptiveness to feedback.
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Assistant Vice President, SME, Professional Lines employer: Allied World
Contact Detail:
Allied World Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Vice President, SME, Professional Lines
✨Tip Number 1
Network with professionals in the insurance industry, especially those involved in underwriting and professional lines. Attend industry conferences and events to meet potential colleagues and learn about the latest trends, which can give you an edge in discussions during interviews.
✨Tip Number 2
Familiarise yourself with the specific underwriting guidelines and compliance requirements relevant to the role. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the responsibilities of the position.
✨Tip Number 3
Prepare to discuss your experience in developing broker relationships and managing portfolios. Be ready to share specific examples of how you've successfully retained clients or improved profitability in previous roles, as this aligns closely with the key responsibilities outlined in the job description.
✨Tip Number 4
Stay updated on current industry developments and emerging risks that could impact underwriting practices. Being knowledgeable about these topics will allow you to engage in meaningful conversations during interviews and showcase your proactive approach to the role.
We think you need these skills to ace Assistant Vice President, SME, Professional Lines
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant underwriting experience and showcases your strong writing and communication skills. Use specific examples that demonstrate your ability to meet profitability and expense goals.
Craft a Compelling Cover Letter: Write a cover letter that reflects your understanding of the role and the company. Mention your experience in developing broker relationships and your commitment to mentoring new underwriters, as these are key responsibilities of the position.
Showcase Your Analytical Skills: In your application, provide examples of how you've successfully analysed risks and assessed errors and omissions in previous roles. This will demonstrate your capability to handle the responsibilities outlined in the job description.
Highlight Professional Development: Mention any training sessions, conferences, or professional development initiatives you have participated in. This aligns with the company's emphasis on growth and collaboration, showing that you value continuous learning.
How to prepare for a job interview at Allied World
✨Showcase Your Underwriting Experience
Be prepared to discuss your previous underwriting experience in detail. Highlight specific cases where you successfully assessed risks and made profitable decisions, as this will demonstrate your capability to manage a diverse portfolio.
✨Emphasise Communication Skills
Since strong writing and communication skills are crucial for this role, practice articulating your thoughts clearly. Prepare examples of how you've effectively communicated with clients or colleagues in the past, especially in complex situations.
✨Demonstrate Relationship-Building Abilities
Allied World values collaboration and relationship management. Be ready to share experiences where you developed broker relationships or worked as part of a team to achieve common goals. This will show your alignment with their company culture.
✨Stay Informed on Industry Trends
Research current trends and developments in the insurance industry, particularly in professional lines. Being knowledgeable about recent changes will not only impress your interviewers but also show your commitment to staying ahead in your field.
