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 Slough 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 company offers competitive benefits, including ongoing training and development opportunities, ensuring you can advance your career while contributing to meaningful projects within the London market. Join a team that values innovation and customer satisfaction, where your expertise will be recognised and rewarded.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Property Underwriter in Slough
✨Tip Number 1
Network like a pro! Reach out to industry contacts, attend events, and engage on LinkedIn. The more people you know in the property underwriting space, the better your chances of landing that dream job.
✨Tip Number 2
Showcase your expertise! Prepare to discuss your experience with major Property accounts and how you've tackled challenges in the past. Be ready to share specific examples that highlight your skills and knowledge.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors to refine your responses. Focus on articulating your marketing, negotiation, and presentation skills clearly and confidently.
✨Tip Number 4
Don't forget to apply through our website! We want to see your application and get to know you better. Plus, it shows you're serious about joining our team and contributing to our success.
We think you need these skills to ace Senior Property Underwriter in Slough
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, don’t just list your skills—show us how you've used them! Talk about your marketing, negotiation, and presentation skills with specific examples. This helps us see you in action and understand your potential impact.
Be Clear and Concise:When writing your application, keep it clear and to the point. Use straightforward language and avoid jargon unless it's industry-specific. We appreciate a well-structured application that’s easy to read and gets straight to the good stuff!
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s super easy and ensures your application goes directly to us. Plus, you’ll find all the info you need about the role right there!
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 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 Marketing Savvy
Be ready to discuss any marketing activities or product development initiatives you've led or contributed to. Think about how you’ve identified up-selling or cross-selling opportunities in the past. This will show that you understand the business side of underwriting and are proactive in driving growth.
✨Prepare for Technical Questions
Expect questions about policy wordings and endorsements, as well as how you stay current with industry developments. Brush up on your technical knowledge and be ready to provide insights into how you would approach pricing specific accounts or liaising with the Claims Department. This will demonstrate your expertise and readiness for the role.
