At a Glance
- Tasks: Analyse data and manage relationships with business partners to ensure profitable insurance solutions.
- Company: Join ARAG, a leading legal expenses insurance company with a vibrant culture.
- Benefits: Enjoy 26 days holiday, health plans, and employee discounts on various services.
- Other info: Be part of an inclusive environment that values your growth and creativity.
- Why this job: Make a real impact in a dynamic team while developing your professional skills.
- Qualifications: Previous underwriting or financial services experience preferred; strong Excel skills required.
The predicted salary is between 40500 - 49500 £ 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, ensuring policy literature and agreements are in place in line with policies, procedures, and underwriting authorities. You will meet with our business partners to negotiate renewal terms, provide performance updates, and proactively manage their insurance risk. Additionally, you will be responsible for identifying underwriting issues negatively impacting our business partners, working with internal and external stakeholders to resolve these issues to our business partners' satisfaction.
This role offers an opportunity to showcase your communication and relationship building skills, demonstrating 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 is important that the successful applicant can demonstrate previous experience using MS Excel to review and analyze data, along with an innovative approach and the ability to develop meaningful long-term relationships with business partners.
- 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 customer 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 take ownership of their work. You will be agile and adaptable to change.
What We Offer
- Generous remuneration and an attractive benefits package including: 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
- A comprehensive wellbeing programme including free eye tests
- Access to employee discounts across various retail partners, including gym memberships
- The option to join our Sports and Social club with discounted events
About The Company
ARAG UK has been helping businesses and individuals gain access to justice for over 40 years. Our founding principle is to enable everyone, not just those who can afford it, to assert their legal rights. Thousands of businesses and individuals defend or pursue legal action each year, secure in the knowledge that ARAG is paying their legal bills. Our businesses include a legal expenses insurance company and a law firm, with many opportunities in both areas. We value our people highly, believing that the quality of our team defines the quality of our service and outcomes for customers. We are committed to creating a great place to work and support your professional and personal development. This is an exciting time to join ARAG. We challenge and develop our employees, foster an inclusive and energetic culture, and prioritize a fun working environment with our customers at the core of our activities. If you're eager to be part of our future, we would love to hear from you.
Trading Underwriter employer: ARAG plc
ARAG UK is an exceptional employer located in the vibrant city of Bristol, offering a dynamic work environment where employees are encouraged to think independently and take ownership of their roles. With a strong focus on professional development, generous benefits including a comprehensive wellbeing programme, and a culture that prioritises inclusivity and fun, ARAG provides a rewarding workplace for those looking to make a meaningful impact in the insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Trading Underwriter
✨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 ARAG plc). 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 ARAG plc. 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 Trading Underwriter
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 ARAG plc.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at ARAG plc. 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 ARAG plc
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at ARAG plc 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 ARAG plc, 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 ARAG plc'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.
