At a Glance
- Tasks: Underwrite and manage risk insurance products while collaborating with agents and brokers.
- Company: Join a forward-thinking company that empowers progress and innovation.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Dynamic role with opportunities for career growth and networking.
- Why this job: Make a real impact by solving complex business problems with a talented team.
- Qualifications: 5-8 years in underwriting, strong analytical skills, and a university degree preferred.
The predicted salary is between 55000 - 70000 £ 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„ .
We are seeking an experienced individual who receives general business direction, markets, underwrites, and services risk insurance products with some complexity within assigned geographic and product areas. The individual utilizes underwriting authority and market skills to solicit new business and retain existing business. Manages interfaces and relationships with independent agents and brokers to enhance and maintain business opportunities. Responsible for the business results of assigned book of business.
Key Responsibilities- Determines the desirability of accepting or rejecting business risks.
- Prices exposures in accordance with filed and approved rate levels, discretionary pricing mechanisms, and business unit guidelines.
- Identifies the need, recommends and evaluates additional risk assessment information including inspection, financial reports and statements.
- Coordinates individual risk underwriting actions with other departments to assure the highest level of customer satisfaction while meeting production and business goals.
- Performs product development and marketing activities including identifying producer relationships within assigned market to optimize best solutions for distribution, identifies and suggests new and modified products, identifies producers for business/marketing programs, and analyses producers and market opportunities.
- Maintains ongoing liaison with producers to obtain supplemental underwriting information, evaluate risks, decline risks, analyse and interpret coverage, explain underwriting requirements and expectations, and present terms.
- Regularly interfaces with customers to provide service and to keep abreast of customer issues.
- Sets ceded reinsurance actions in accordance with Arch Insurance and business unit guidelines.
- Planning and product development
- Client relationship management
- Technical and analytical skills
- Regulatory & compliance awareness
- Problem solving, negotiation & decision making
- University degree and professional certification desired with 5-8 years
- Working knowledge and understanding of ISO rating and rules.
- Minimum 5 years relevant experience in an underwriting position in the Commercial Insurance Market.
- Demonstrated competence in maintaining broker/client relationships.
Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.
Senior Underwriter in Bristol employer: Arch Capital Group
Contact Detail:
Arch Capital Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter in Bristol
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to professionals on LinkedIn. Building relationships can open doors that you didn’t even know existed.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your unique skills and experiences. Use specific examples from your past roles to demonstrate how you’ve tackled complex underwriting challenges and achieved results.
✨Be Prepared for Interviews
Do your homework before any interview! Understand the company’s culture, their products, and recent news. This will not only help you answer questions but also show that you’re genuinely interested in the role and the company.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, you can set up job alerts to stay updated on new opportunities that match your skills.
We think you need these skills to ace Senior Underwriter in Bristol
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Senior Underwriter role. Highlight your underwriting experience, client relationship management, and any relevant certifications to show us you’re the right fit.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you’re passionate about underwriting and how your background makes you a great candidate. Don’t forget to mention how you can contribute to our culture of collaboration and innovation.
Showcase Your Problem-Solving Skills: In your application, give examples of how you've tackled complex business problems in the past. We love candidates who can demonstrate their analytical and decision-making skills, so don’t hold back!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, you can easily keep track of your application status!
How to prepare for a job interview at Arch Capital Group
✨Know Your Underwriting Stuff
Make sure you brush up on your underwriting knowledge, especially around ISO rating and rules. Be ready to discuss how you've handled complex risks in the past and what strategies you've used to price exposures effectively.
✨Showcase Your Relationship Skills
Since this role involves managing relationships with independent agents and brokers, think of specific examples where you've successfully built and maintained these connections. Highlight your client relationship management skills and how they’ve contributed to business success.
✨Prepare for Problem-Solving Questions
Expect questions that assess your problem-solving abilities. Prepare scenarios where you had to negotiate or make tough decisions regarding risk acceptance. Use the STAR method (Situation, Task, Action, Result) to structure your answers.
✨Demonstrate Your Innovative Mindset
The company values innovation, so be ready to discuss any new ideas or product developments you've been involved in. Think about how you can contribute to optimising solutions for distribution and enhancing the overall customer experience.