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- Tasks: Underwrite diverse real estate portfolios and manage client relationships.
- Company: Join Allied World, a leading global insurance provider with a focus on innovation.
- Benefits: Enjoy competitive pay, professional development opportunities, and a dynamic work environment.
- Why this job: Be part of a passionate team driving success in the London insurance market.
- Qualifications: 5 years of underwriting experience and strong marketing skills required.
- Other info: Professional Insurance Designation like ACII/FCII is a plus.
The predicted salary is between 43200 - 72000 £ per year.
At Allied World we have over 1,600 talented and loyal employees working in 25 offices globally who service clients throughout the world. We are focused on providing superior customer service and creative risk solutions, building long-term, mutually beneficial relationships. Our employees share our passion for progress and success, and we are looking for talented committed people to join our team.
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.
Job Duties and Responsibilities:
- General underwriting functions including underwriting submission review, pricing analysis, setting of terms and conditions.
- Authorising of quotes in accordance with company guidelines.
- Responsible for timely and correct issuance of bound policies.
- Crafting of wordings and endorsements for authorisation by legal.
- Providing direction to the Assistant Underwriters in the timely processing of Policy/Endorsement wordings.
- Perform extensive account analysis according to underwriting guidelines which is to include thorough review of underwriting application/submission including reviewing requested terms and conditions.
- Active role in the development of business within UK Commercial, exploring opportunities and marketing within the London Market and in the UK regions as required.
- Accountable for the maintenance of underwriting files in an orderly and consistent manner and in accordance with the underwriting guidelines.
- Liaise with actuarial support to develop premium benchmarking and pricing models, with development of account pricing/recommendations where required.
- Liaise with Claims Department on any specific claim activity and overall market claim concerns which could potentially affect profitability.
- Stay current with respect to major market and industry issues and developments.
- Relationship management - external, via attendance at key, relevant client/broker meetings, and other social outings as applicable.
- Corresponding with brokers with respect to any outstanding information pursuant to binding.
- Delegation (and supervision) of work to Assistant Underwriters as deemed appropriate.
- Other duties as may be assigned.
Requirements:
- 5 years experience underwriting 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.
- Organisation skills and the ability to prioritise 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.
Locations
Underwriter - Real Estate Property employer: Allied World
Contact Detail:
Allied World Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Real Estate Property
✨Tip Number 1
Network within the London insurance market. Attend industry events, seminars, and workshops to meet professionals in the field. Building relationships with brokers and other underwriters can give you insights into job openings and company culture.
✨Tip Number 2
Stay updated on market trends and developments in real estate underwriting. Follow relevant news sources and join professional groups on social media platforms. This knowledge will not only help you in interviews but also demonstrate your commitment to the industry.
✨Tip Number 3
Prepare for potential interviews by practising common underwriting scenarios and questions. Familiarise yourself with the specific underwriting guidelines and policies of Allied World, as this will show your dedication and understanding of their operations.
✨Tip Number 4
Consider obtaining or highlighting any relevant professional designations, such as ACII or FCII. These qualifications can set you apart from other candidates and show your commitment to professional development in the underwriting field.
We think you need these skills to ace Underwriter - Real Estate Property
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of an Underwriter in Real Estate Property. Familiarise yourself with the specific skills and experiences required, such as knowledge of market policy and endorsement wordings.
Tailor Your CV: Customise your CV to highlight relevant experience in underwriting, particularly within the London market. Emphasise your marketing, negotiation, and presentation skills, as well as any professional insurance designations you hold.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention specific examples from your past experience that demonstrate your ability to meet profitability goals and manage a diverse portfolio.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no spelling or grammatical errors, and that your communication is clear and professional, reflecting your strong verbal and written skills.
How to prepare for a job interview at Allied World
✨Showcase Your Underwriting Experience
Make sure to highlight your previous experience in underwriting, especially within the London market. Be prepared to discuss specific cases where you successfully managed risk and profitability, as this will demonstrate your capability for the role.
✨Demonstrate Strong Analytical Skills
Since the role requires extensive account analysis, be ready to provide examples of how you've used analytical skills in past positions. Discuss any tools or methods you’ve employed to assess risk and make informed decisions.
✨Prepare for Relationship Management Questions
Given the importance of relationship management in this role, think of instances where you've successfully built and maintained relationships with clients or brokers. Be ready to explain your approach to networking and client engagement.
✨Familiarise Yourself with Market Trends
Stay updated on current market trends and issues affecting the real estate property sector. Being knowledgeable about recent developments will show your commitment to the industry and your proactive approach to underwriting.
