Assistant Vice President - Manchester Property

Assistant Vice President - Manchester Property

Manchester Full-Time 55000 - 65000 £ / year (est.) No working from home possible
Allied World

At a Glance

  • Tasks: Underwrite property cases, deliver decisions, and drive business development.
  • Company: Dynamic insurance firm with a focus on innovation and teamwork.
  • Benefits: Competitive salary, professional growth, and a supportive work environment.
  • Other info: Opportunity for career advancement and involvement in exciting projects.
  • Why this job: Join a leading team and make impactful decisions in the property sector.
  • Qualifications: 5-10 years of underwriting experience and strong communication skills.

The predicted salary is between 55000 - 65000 £ 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 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 of 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 or ECU desirable.
  • Organizational 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, particularly Excel.

Assistant Vice President - Manchester Property employer: Allied World

As an Assistant Vice President in our Manchester Property Division, you will thrive in a dynamic work culture that prioritises collaboration and professional growth. We offer competitive benefits, including ongoing training and development opportunities, ensuring you can advance your career while contributing to meaningful projects. Our commitment to employee satisfaction and a supportive environment makes us an exceptional employer in the insurance sector.

Allied World

Contact Details:

Allied World Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Assistant Vice President - Manchester Property

Tip Number 1

Network like a pro! Get out there and connect with industry professionals, attend events, and join relevant groups. The more people you know, the better your chances of landing that Assistant Vice President role.

Tip Number 2

Show off your expertise! When you get the chance to chat with potential employers or during interviews, make sure to highlight your underwriting experience and how you've contributed to business development in the past.

Tip Number 3

Be proactive! Don’t just wait for job openings to pop up. Reach out to companies you admire, express your interest, and ask about potential opportunities. You never know what might come up!

Tip Number 4

Apply through our website! We’ve got loads of resources to help you prepare for interviews and showcase your skills. Plus, it’s a great way to ensure your application gets seen by the right people.

We think you need these skills to ace Assistant Vice President - Manchester Property

Underwriting
Risk Assessment
Business Development
Customer Relationship Management
Policy Documentation Review
Marketing Strategy Development
Negotiation Skills

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 how they can benefit us at StudySmarter.

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 with others to achieve goals – we love a good team player!

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 shows you’re keen on joining the StudySmarter family!

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 also apply them effectively.

Showcase Your Marketing Savvy

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 highlight your teamwork skills. Share experiences where you’ve coached junior staff or worked closely with colleagues to achieve a common goal. This will illustrate your ability to contribute positively to the team environment.

Prepare for Customer Interaction Scenarios

Customer satisfaction is key, so think about how you would handle different customer interactions. Prepare examples of how you've managed customer queries efficiently and courteously in the past. This will show that you understand the importance of maintaining high standards in customer service.