At a Glance
- Tasks: Underwrite diverse business portfolios and ensure profitability through analysis and collaboration.
- Company: Leading insurance firm with a focus on growth and innovation.
- Benefits: Competitive salary, professional development, and opportunities for travel across Europe.
- Other info: Exciting career growth opportunities in a supportive environment.
- Why this job: Join a dynamic team and make an impact in the insurance industry.
- Qualifications: 5 years of underwriting experience and strong marketing skills required.
The predicted salary is between 50000 - 70000 £ per year.
This position is responsible for underwriting a diverse book of business, employing the methods necessary to meet projected profitability, GWP, and expense goals, management and growth of the overall portfolio of business within the appropriate underwriting discipline/guidelines, marketing and servicing of existing and potential insured’s. The position will also require a basic knowledge of Property insurance to assist with the underwriting of Commercial Combined business.
Responsibilities
- Perform general underwriting functions including submission review, pricing analysis, setting terms and conditions, and quote/binder/invoice authorizations
- Ensure timely and correct issuance of bound policies
- Craft endorsement wordings for legal authorization
- Provide direction to Underwriting Support Assistant for timely processing of policy/endorsement wordings
- Perform referrals with VP Casualty and SVP Casualty as required
- Maintain underwriting files and reporting systems according to guidelines
- Consult with Actuarial Department for specific account pricing when appropriate
- Liaise with Claims Department on specific claim matters and market claim concerns
- Stay current with industry issues and developments
- Travel to meetings throughout Ireland and Europe as required
- Assist in training underwriting and support staff
- Complete project work as required
- Plan and monitor business portfolio
- Perform other assigned duties
Qualifications
- 5 years experience underwriting Casualty accounts in Irish or European Retail/Wholesale market
- Basic knowledge of underwriting Property accounts
- Strong marketing, negotiation and presentation skills
- Excellent knowledge of standard market policy and endorsement wordings
- Strong organizational skills and ability to prioritize work
- Effective interpersonal skills and teamwork ability
- Strong verbal and written communication skills
- Proficiency in Excel and PowerPoint
- Good knowledge of technical rating tools
Underwriter employer: Allied World
As an Underwriter in our Europe General Casualty Division, you will thrive in a dynamic work environment that values collaboration and innovation. We offer competitive benefits, a strong focus on employee development, and opportunities for growth within the company, all while being part of a supportive team that encourages professional advancement. Located in the heart of Europe, our office provides a vibrant atmosphere that fosters creativity and engagement, making it an excellent place to build a rewarding career.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter
✨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 land you that underwriter role.
✨Tip Number 2
Prepare for interviews by brushing up on your underwriting knowledge. We recommend going through common underwriting scenarios and being ready to discuss how you’d handle them. Show them you’re the expert they need!
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can go a long way. It shows your enthusiasm for the position and keeps you fresh in their minds.
✨Tip Number 4
Apply directly through our website! We’ve got loads of opportunities waiting for you. Plus, it’s a great way to show your interest in joining our team and makes it easier for us to find your application.
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriter role. Highlight your experience in underwriting Casualty accounts and any relevant skills that match the job description. We want to see how you fit into our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about underwriting and how your background aligns with our goals. Keep it concise but impactful – we love a good story!
Showcase Your Skills:Don’t forget to showcase your marketing, negotiation, and presentation skills in your application. We’re looking for someone who can not only underwrite but also effectively communicate with clients and colleagues.
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be one step closer to joining our awesome team at StudySmarter!
How to prepare for a job interview at Allied World
✨Know Your Underwriting Basics
Make sure you brush up on your underwriting knowledge, especially in Casualty and Property insurance. Be ready to discuss how you’ve handled submission reviews and pricing analysis in the past. This will show that you’re not just familiar with the terms but can apply them effectively.
✨Showcase Your Communication Skills
Since this role requires strong verbal and written communication skills, prepare examples of how you've successfully communicated with clients or team members. Think about times when your negotiation or presentation skills made a difference in your previous roles.
✨Demonstrate Organisational Skills
Be prepared to talk about how you prioritise your workload and manage multiple tasks. You might want to share specific tools or methods you use to stay organised, especially when dealing with underwriting files and reporting systems.
✨Stay Updated on Industry Trends
Research current trends and issues in the insurance industry, particularly in the European market. Being able to discuss these topics during your interview will demonstrate your commitment to staying informed and your ability to contribute to the company’s growth.
