At a Glance
- Tasks: Underwrite cases, deliver decisions, and drive business development in the mining sector.
- Company: Join a leading insurance firm with a focus on innovation and teamwork.
- Benefits: Competitive salary, professional development, and opportunities for travel.
- Why this job: Make an impact in the mining industry while developing your career in insurance.
- Qualifications: 5-10 years of underwriting experience and strong communication skills.
- Other info: Dynamic role with opportunities for growth and collaboration.
The predicted salary is between 72000 - 108000 £ 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 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.
Qualifications
- 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.
Assistant Vice President - Mining, Europe Property Division in London employer: Allied World
Contact Detail:
Allied World Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Vice President - Mining, Europe Property Division in London
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or at events. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Tip Number 2
Prepare for interviews by practising common questions and scenarios related to underwriting and customer interactions. We recommend doing mock interviews with friends or colleagues to boost your confidence and refine your answers.
✨Tip Number 3
Showcase your expertise! Bring along examples of your past work or case studies that highlight your underwriting decisions and successful business development. We want to see how you can add value to our team!
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. And remember, apply through our website for the best chance at landing that Assistant Vice President role!
We think you need these skills to ace Assistant Vice President - Mining, Europe Property Division in London
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 in the Property sector. We want to see how your skills align with our needs!
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. Share specific examples of your marketing and negotiation skills, and let us know how you can contribute to our team.
Showcase Your Team Spirit: Since this role involves working closely with colleagues and customers, make sure to highlight your teamwork skills. Share experiences where you've successfully collaborated or coached others, as we value a strong team dynamic at StudySmarter.
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 keep track of it. Plus, it shows you’re keen on joining our team!
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 in the London market. Be prepared to discuss specific cases you've worked on and how you made decisions within risk appetites.
✨Showcase Your Marketing Skills
Since this role involves business development, think of examples where you've successfully identified up-selling or cross-selling opportunities. Highlight your negotiation and presentation skills during the interview to demonstrate your ability to drive profitable revenue.
✨Be a Team Player
This position requires collaboration with various stakeholders, so be ready to share experiences where you've worked effectively in a team. Discuss how you've provided guidance to junior staff or contributed to peer reviews to show your leadership potential.
✨Stay Current with Industry Trends
Familiarise yourself with the latest developments in the insurance industry, particularly those affecting the Property sector. Being able to discuss these trends will show your commitment to staying informed and your ability to adapt to changes in the market.