At a Glance
- Tasks: Analyse data, manage business partnerships, and negotiate insurance terms.
- Company: ARAG Legal Services UK is a dynamic company in the legal services and insurance sector.
- Benefits: Enjoy 26 days holiday, pension scheme, health cash plan, and exclusive discounts.
- Other info: Join a passionate team that values independent thinking and offers a vibrant work culture.
- Why this job: Showcase your skills in a supportive team while making impactful relationships.
- Qualifications: Previous underwriting or financial services experience preferred; MS Excel skills essential.
The predicted salary is between 28800 - 43200 £ per year.
We have an excellent opportunity for a Trading Underwriter to join our high performing Underwriting department at ARAG UK. Based in central Bristol this is a great opportunity to work alongside Senior and Assistant Trading Underwriters, and have responsibility for dealing with business partners and providing our partners with a bespoke service.
In this key role, the successful candidate will be analysing data sets to review and renew/quote scheme and standalone policies to ensure profitability. You’ll also be responsible for setting up scheme and standalone business, ensure policy literature and agreements in place in line with policies, procedures and underwriting authorities.
You’ll also will meet with our business partners to negotiate renewal terms, provide performance updates and proactively manage their insurance risk. In addition, you will be responsible for identifying any underwriting issues negatively impacting our business partners, working with internal and external stakeholders to resolve these issues to our business partners satisfaction.
This is a great opportunity to showcase your communication and relationship building skills and demonstrate experience of effective collaboration with business partners and internal stakeholders across all levels.
About You
Ideally, we’re seeking candidates with previous underwriting experience but if not, insurance or financial services experience would be advantageous.
It's important to the role that the successful applicant can demonstrate previous experience using MS Excel to review and analyse data, and an innovative approach and ability to develop meaningful and long term relationships with business partners in addition to:
- The ability to work at pace whilst maintaining an accurate, high quality output;
- An ability to manage different projects and tasks, while meeting challenging deadlines and exceeding customers’ expectations;
- The ability to lead complex underwriting conversations with business partners.
As a team we are passionate and enthusiastic about what we do. Our people are encouraged to think independently and to take ownership of their work. You will be agile in the way that you work and adaptable to change. In return for your commitment, we will offer you generous remuneration and an attractive benefits package which will include:
- 26 days holiday with the option to buy up to a further 5 days
- Company pension scheme with the option to increase contributions
- Group Income Protection for all employees
- Group Legal Protection for all employees
- Health cash Plan
- European Motor Assistance and Home Emergency Assistance
- Salary sacrifice benefits including Cycle scheme
- Access to our employee discounts hub offering exclusive discounts across thousands of retail partners, including discounted gym memberships at over 3,000 gyms across the UK
- The option to join our Sports and Social club which organises discounted events such as theatre visits and shopping trips
Trading Underwriter employer: ARAG Legal Services UK
ARAG Law is an exceptional employer that fosters a supportive and collaborative work culture within its Employment Team, based in the vibrant cities of Bristol and Bedwas. With a strong emphasis on employee growth, we offer a detailed career pathways programme, generous benefits including 26 days of holiday, and opportunities for social engagement through our Sports and Social club. Join us to gain hands-on experience in a dynamic environment where your contributions are valued and rewarded.
StudySmarter Expert Advice🤫
We think this is how you could land Trading Underwriter
✨Tip Number 1
Familiarise yourself with the key responsibilities of a Trading Underwriter. Understanding the nuances of analysing data sets and negotiating renewal terms will help you stand out during discussions with our team.
✨Tip Number 2
Brush up on your MS Excel skills, as proficiency in this area is crucial for the role. Consider taking an online course or practicing with real datasets to demonstrate your analytical capabilities.
✨Tip Number 3
Network with professionals in the insurance and underwriting sectors. Engaging with industry peers can provide insights into best practices and may even lead to referrals that could enhance your application.
✨Tip Number 4
Prepare to showcase your communication and relationship-building skills. Think of examples from your past experiences where you've successfully collaborated with partners or stakeholders, as these will be key in your interviews.
We think you need these skills to ace Trading Underwriter
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights relevant experience in underwriting or financial services. Emphasise any specific skills related to data analysis, MS Excel proficiency, and relationship management that align with the Trading Underwriter role.
Craft a Compelling Cover Letter:Write a cover letter that showcases your enthusiasm for the role and the company. Mention how your background, whether traditional or non-traditional, equips you to excel in this position. Be sure to address how you can contribute to building strong relationships with business partners.
Highlight Relevant Skills:In your application, clearly outline your ability to manage multiple projects and meet deadlines. Provide examples of how you've successfully navigated complex conversations or negotiations in previous roles, as this is crucial for the Trading Underwriter position.
Proofread Your Application:Before submitting, thoroughly proofread your CV and cover letter for any errors. A polished application reflects your attention to detail, which is essential in underwriting. Consider asking a friend or colleague to review it as well for an extra set of eyes.
How to prepare for a job interview at ARAG Legal Services UK
✨Showcase Your Analytical Skills
As a Trading Underwriter, you'll be analysing data sets regularly. Be prepared to discuss your experience with data analysis, particularly using MS Excel. Highlight specific examples where your analytical skills led to successful outcomes.
✨Demonstrate Relationship Building
This role requires strong communication and relationship-building skills. Think of instances where you've successfully collaborated with business partners or stakeholders. Be ready to share how you managed those relationships and resolved any issues.
✨Prepare for Underwriting Conversations
You’ll need to lead complex underwriting discussions. Brush up on common underwriting topics and be ready to discuss how you would approach negotiations with business partners. Show that you can handle challenging conversations with confidence.
✨Emphasise Adaptability and Agility
The job requires agility in work and adaptability to change. Prepare examples that demonstrate your ability to manage multiple projects and tasks while maintaining high-quality output. This will show that you can thrive in a fast-paced environment.
