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.
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.
Senior Underwriter - Property employer: Allied World
As a Senior Underwriter - Property, you will thrive in a dynamic and supportive work environment that prioritises employee growth and development. Our company fosters a collaborative culture where your expertise is valued, and you will have the opportunity to mentor junior staff while engaging with a diverse range of clients and partners. Located in the heart of London, we offer competitive benefits and a commitment to maintaining high standards of customer satisfaction, making us an excellent employer for those seeking a rewarding career in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter - Property
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, attend events, and join relevant online forums. The more people you know, the better your chances of landing that Senior Underwriter gig.
✨Tip Number 2
Showcase your expertise! When you get the chance to chat with potential employers or during interviews, highlight your experience in underwriting major Property accounts. Share specific examples of how you've contributed to business development and customer satisfaction.
✨Tip Number 3
Be proactive! Don’t just wait for job openings to pop up. Reach out to companies directly, especially through our website, and express your interest in working with them. Sometimes, the best opportunities come from a simple conversation.
✨Tip Number 4
Prepare for interviews by brushing up on your negotiation and presentation skills. Be ready to discuss how you can contribute to marketing activities and product development initiatives. Show them you’re not just a fit for the role, but a game-changer!
We think you need these skills to ace Senior Underwriter - Property
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior 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!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background aligns with our needs. Don’t forget to mention your strong marketing and negotiation skills!
Showcase Your Team Spirit:Since this role involves working closely with colleagues and customers, make sure to highlight your interpersonal skills and teamwork experience. We love candidates who can collaborate effectively and contribute to a positive work environment.
Apply Through Our Website:We encourage you to apply directly 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 our team at StudySmarter!
How to prepare for a job interview at Allied World
✨Know Your Underwriting Inside Out
Make sure you brush up on your knowledge of property underwriting, especially 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 also 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 you’ve successfully managed customer interactions or provided guidance to junior staff. This will highlight your interpersonal skills and ability to work as part of a team.
✨Demonstrate Your Business Development Acumen
Prepare to discuss how you’ve contributed to business development activities in the past. Bring examples of how you identified up-selling or cross-selling opportunities and the impact it had on revenue. This will show that you understand the importance of driving business growth.
✨Stay Current with Industry Trends
Familiarise yourself with the latest industry issues and developments. Being able to discuss these topics during your interview will demonstrate your commitment to staying informed and your proactive approach to underwriting. It’s a great way to show that you’re not just looking for a job, but are genuinely interested in the field.
