At a Glance
- Tasks: Underwrite property cases and drive business development in Manchester.
- Company: Dynamic insurance firm with a focus on innovation and teamwork.
- Benefits: Competitive salary, professional growth opportunities, and a supportive work environment.
- Other info: Opportunity to mentor junior staff and contribute to exciting marketing initiatives.
- 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 in Bolton 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, ensuring you can advance your career while contributing to meaningful projects. Join us to be part of a supportive team that values your expertise and fosters innovation in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Vice President - Property Underwriter - Manchester in Bolton
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals in Manchester. Attend local events, join relevant groups on LinkedIn, and don’t be shy to reach out for informational chats. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for those interviews by practising common questions and scenarios related to underwriting. Think about how you can showcase your experience with major Property accounts and your negotiation skills. We recommend doing mock interviews with friends or using online resources to boost your confidence.
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way in showing your enthusiasm for the role. Mention something specific from your conversation to remind them of your fit for the Assistant Vice President position.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of resources to help you stand out, and applying directly can sometimes give you an edge. Plus, it’s super easy to keep track of your applications that way!
We think you need these skills to ace Assistant Vice President - Property Underwriter - Manchester in Bolton
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 liaising with customers and working as part of a team, make sure to highlight your interpersonal skills. Share examples of how you've successfully collaborated with others in previous roles.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
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 the decisions you made. This will show your expertise and confidence in the role.
✨Showcase Your Marketing Skills
Since this role involves business development, think of examples where you've successfully identified up-selling or cross-selling opportunities. Prepare to share how you approached these situations and the outcomes, as this will highlight your marketing and negotiation skills.
✨Demonstrate Team Collaboration
This position requires working closely with colleagues and other departments. Be ready to talk about times when you've collaborated effectively with others, perhaps in peer reviews or coaching junior staff. This will illustrate your interpersonal skills and ability to work within a team.
✨Stay Current with Industry Trends
Familiarise yourself with recent developments in the insurance industry, particularly those affecting property underwriting. Being able to discuss these topics during your interview will demonstrate your commitment to staying informed and your proactive approach to the role.
