At a Glance
- Tasks: Evaluate underwriting processes and support leadership with audits across various regions.
- Company: Dynamic insurance company focused on collaboration and innovation.
- Benefits: Competitive salary, travel opportunities, and a chance to influence industry standards.
- Why this job: Make a real impact by enhancing underwriting processes and driving change.
- Qualifications: 10+ years in underwriting or claims with strong analytical skills.
- Other info: Join a team that values expertise and offers excellent career growth.
The predicted salary is between 36000 - 60000 ÂŁ per year.
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibilityâ„ .
Arch’s Corporate Underwriting (“CU”) provides an underwriting audit function for Arch Insurance, primarily UK Regional, albeit with possible additional London Market involvement as required or as skillset allows. The purpose of this role is to provide underwriting audit support to CU leadership in these two categories of CU Audits for Arch Insurance UK and other Arch entities to a lesser extent.
Arch’s Corporate Underwriting (“CU”) Audit team is charged with evaluating the effectiveness of the underwriting process for all active Arch Insurance Group business units in the United States, Bermuda, Canada, Australia, and Europe. CU Audit – via reviews and reports – provides an objective evaluation for Arch senior leadership concerning the quality and alignment of the business units’ underwriting decisions to authority levels and guidelines while enabling change where necessary and enhancing underwriting processes and controls.
CU Audit Responsibilities:- Participate in underwriting audits/reviews of Arch Insurance business units (predominantly UK Regional) and delegated authority programs, including scheduling and account selection.
- Perform underwriting file reviews by measuring how well Arch’s Business Units and delegated authority programs adhere to corporate and business unit rules and protocols - including qualitative and procedural components such as file documentation, account analysis/selection, and use of pricing tools.
- Assist - and where necessary lead - the collecting, processing and summarising audit information and the identification of trends.
- Identify trends in business units to assess relative risks in order to determine audit scope required.
- Co‑ordinate audits with other company monitoring functions (Compliance, Internal Audit, Claims) as needed, to support audit process.
- Assist Underwriting Units in the planning and implementation of appropriate underwriting controls including documentation.
- 10+ years underwriting or claims experience in one or a number of key Arch UK Regional classes of Property or Casualty Underwriting. Additionally, experience with other lines and underwriting audit experience would be beneficial but not essential.
- Business and technical underwriting acumen with high attention to detail and strong analytical skills.
- Sound independent judgment.
- Ability to influence colleagues outside the team toward achievement of mutual goals.
- Excellent time management and organisational skills.
- Demonstrated ability to work across interdisciplinary teams that are geographically dispersed.
- Strong oral and written communication skills.
- Willingness to travel domestically and/or internationally as agreed and required.
Underwriting Auditor in Birmingham employer: Arch Capital Group
Contact Detail:
Arch Capital Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Auditor in Birmingham
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work in underwriting or auditing. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge and understanding of underwriting processes. We want you to showcase your analytical skills and attention to detail, so practice answering common interview questions related to these areas.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation. It keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our company culture.
We think you need these skills to ace Underwriting Auditor in Birmingham
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience that match the Underwriting Auditor role. Highlight your underwriting or claims experience, especially in Property or Casualty, and don’t forget to showcase your analytical skills!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how your background aligns with our mission at Arch. Keep it concise but impactful – we want to see your personality!
Showcase Your Collaboration Skills: Since we value collaboration, make sure to mention any experiences where you’ve worked across teams or influenced colleagues. We love seeing how you can contribute to our culture of teamwork and innovation!
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the Underwriting Auditor position. We can’t wait to see what you bring to the table!
How to prepare for a job interview at Arch Capital Group
✨Know Your Underwriting Inside Out
Make sure you brush up on your underwriting knowledge, especially in Property and Casualty classes. Be ready to discuss specific examples from your past experience that demonstrate your analytical skills and attention to detail.
✨Showcase Your Collaborative Spirit
Since the company values collaboration, think of instances where you've successfully worked with interdisciplinary teams. Prepare to share how you influenced colleagues towards achieving common goals, as this will resonate well with their culture.
✨Prepare for Technical Questions
Expect technical questions related to underwriting audits and processes. Familiarise yourself with the latest trends and tools in the industry, and be prepared to discuss how you would implement effective underwriting controls.
✨Demonstrate Strong Communication Skills
Practice articulating your thoughts clearly and concisely. Since the role requires excellent oral and written communication skills, consider preparing a brief presentation on a relevant topic to showcase your ability to convey complex information effectively.