At a Glance
- Tasks: Underwrite property cases, deliver decisions, and drive business development.
- Company: Leading insurance firm with a focus on innovation and teamwork.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Opportunity for career growth and to mentor junior staff.
- Why this job: Join a dynamic team and make impactful decisions in the insurance industry.
- Qualifications: 5-10 years of property underwriting experience and strong communication skills.
The predicted salary is between 60000 - 80000 £ 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 (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 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.
Senior Property Underwriter in London employer: Allied World
As a Senior Property Underwriter with us, you will thrive in a dynamic and supportive work environment that prioritises professional growth and collaboration. Our commitment to employee development is reflected in our comprehensive training programmes and mentorship opportunities, ensuring you can advance your career while contributing to meaningful projects within the London market. Enjoy a culture that values innovation and teamwork, alongside competitive benefits that enhance your work-life balance.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Property Underwriter 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 Senior Property Underwriter role.
✨Tip Number 2
Prepare for interviews by brushing up on your underwriting knowledge and current market trends. We recommend practising common interview questions with a friend or in front of the mirror to boost your confidence.
✨Tip Number 3
Showcase your expertise! Bring examples of your past underwriting decisions and how they positively impacted business outcomes. We want to see how you can contribute to our team and help us achieve those business development targets.
✨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. We appreciate candidates who show enthusiasm and professionalism throughout the process.
We think you need these skills to ace Senior Property Underwriter in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Property Underwriter role. Highlight your experience in underwriting major Property accounts and any relevant qualifications like ACII/FCII. We want to see how your skills match what we're looking for!
Showcase Your Skills:In your cover letter, showcase your strong marketing, negotiation, and presentation skills. Give us examples of how you've successfully managed customer interactions or contributed to business development activities. We love seeing real-life applications of your skills!
Be Clear and Concise:When writing your application, be clear and concise. Use straightforward language and avoid jargon unless it's industry-specific. We appreciate a well-structured application that gets straight to the point—just like we do in our underwriting decisions!
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about StudySmarter and what we stand for!
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 property accounts in the London market. Be prepared to discuss specific cases you've worked on and how you made decisions within risk appetites. This will show that you’re not just familiar with the processes but can apply them effectively.
✨Showcase Your Communication Skills
Since this role involves liaising with customers, brokers, and colleagues, practice articulating your thoughts clearly and confidently. Think of examples where your communication skills led to successful outcomes, whether it was resolving a complex issue or negotiating terms.
✨Demonstrate Team Spirit
Highlight your experience working as part of a team, especially in mentoring junior staff or contributing to peer reviews. Share specific instances where you’ve helped others improve their skills or where teamwork led to achieving business targets.
✨Stay Current with Industry Trends
Research recent developments in the insurance industry, particularly those affecting property underwriting. Being able to discuss these trends during your interview will demonstrate your commitment to staying informed and your ability to adapt to changes in the market.
