At a Glance
- Tasks: Underwrite diverse business in LATAM, ensuring profitability and managing portfolios.
- Company: Join Allied World, a global leader with a supportive team culture.
- Benefits: Structured coaching, learning resources, and a collaborative work environment.
- Other info: Dynamic team with opportunities for professional development and networking.
- Why this job: Make an impact in the insurance industry while growing your career.
- Qualifications: 5 years of Casualty underwriting experience in LATAM; Spanish speaking preferred.
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 the LATAM business within the appropriate underwriting discipline/guidelines, marketing and servicing of existing and potential insured’s.
Duties and 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 the LATAM market
- Spanish Speaking preferable
- Basic knowledge of underwriting Property accounts
- Strong marketing, negotiation and presentation skills
- Excellent knowledge of standard market policy and endorsement wordings
- Third level qualification
- Professional Insurance Designation (ACII/FCII) desirable
- 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
Working at Allied World:
Our team of over 1,600 professionals has deep expertise in the industry. They enjoy their work, and many have served for several years. This is what you can expect when you join us:
- Instant membership in the Allied World team — a global network of colleagues who will support your career journey
- A manager who will help you build your career through a structured coaching program
- Access to a full suite of learning and development tools and resources
Allied World is an equal opportunity employer. Subject to applicable law, all qualified applicants will be considered for employment without regard to race, color, religion or belief, gender, age, disability, military service, marital or civil partnership status, family status, sexual orientation, ethnic or national origin, genetic information or any other characteristic protected by applicable law or regulation in the relevant jurisdiction where we operate.
Underwriter - Casualty Division - LATAM employer: Allied World
Allied World is an exceptional employer, offering a dynamic work environment where professionals thrive in their careers. With a strong focus on employee development through structured coaching and access to comprehensive learning resources, our team members are empowered to grow and excel. Located in a vibrant region, we foster a collaborative culture that values diversity and inclusivity, making it a rewarding place to contribute to the LATAM market.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter - Casualty Division - LATAM
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Allied World). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Allied World. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Underwriter - Casualty Division - LATAM
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Allied World.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Allied World. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Allied World
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Allied World to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Allied World, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Allied World's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
