Underwriter, Facultative in London

Underwriter, Facultative in London

London Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Underwrite and interact with clients, analysing risks and building relationships.
  • Company: Join a collaborative and innovative company that enables possibilities.
  • Benefits: Competitive salary, professional development, and opportunities for travel.
  • Why this job: Make an impact in the reinsurance industry while developing your skills.
  • Qualifications: University degree required; experience in re/insurance is a plus.
  • Other info: Dynamic role with opportunities for growth and networking.

The predicted salary is between 36000 - 60000 £ 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„ .

Position summary: The primary responsibility of this role is a mix of underwriting and client interaction – two dynamic areas requiring flexibility of approach and a detailed knowledge of the market environment you operate within. You will be working directly with clients and brokers.

Key Responsibilities:

  • Underwriting for new and existing clients in accordance with the Arch Re underwriting philosophy.
  • Analyse and assess Property submissions in respect of coverage and risk hazards, determine capacity and offer proposals for lead or follow business.
  • Broker and cedant visits/calls to develop relationships with individual client contacts.
  • Build and maintain knowledge of the geographic markets you operate in with respect to wording, law, regulation as well as brokers and competitors.
  • Provide timely and quality service.
  • Promote positive interaction and collaboration with internal peers.
  • Communicate actively, timely and with openness.
  • Represent Arch Re in meetings with clients and brokers.

Minimum Qualifications, Skills and Experience:

  • A University Degree required; professional re/insurance designations such as ACII or CPCU would be an asset.
  • Currently working in the market with a good track record and have contacts with both cedants and brokers.
  • Proven ability to market to individuals in the industry at all levels.
  • Strong interpersonal and communication skills and the ability to work with management at a senior level.
  • Demonstrated ability on being team-orientated, efficient and working under pressure.
  • Excellent negotiation skills.
  • UK & international travel is expected for this position.

Underwriter, Facultative in London employer: Arch Capital Group

At Arch Reinsurance, we pride ourselves on fostering a collaborative and innovative work culture that empowers our employees to thrive. As an Underwriter in our UK Branch, you will benefit from extensive professional development opportunities, a supportive team environment, and the chance to engage directly with clients and brokers, all while contributing to meaningful projects that drive progress in the reinsurance industry.
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Contact Detail:

Arch Capital Group Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Underwriter, Facultative in London

✨Tip Number 1

Network like a pro! Reach out to your contacts in the industry, especially those who know the ins and outs of underwriting. A friendly chat can lead to opportunities you might not find on job boards.

✨Tip Number 2

Prepare for interviews by brushing up on your market knowledge. Understand the latest trends and challenges in the property insurance sector. This will show potential employers that you're not just interested, but genuinely invested in the field.

✨Tip Number 3

Practice your communication skills! Since this role involves a lot of client interaction, being able to articulate your thoughts clearly and confidently is key. Consider mock interviews or even casual chats with friends to refine your approach.

✨Tip Number 4

Don’t forget to apply through our website! We’re all about enabling possibilities, and we want to see your application come through. Plus, it’s a great way to get noticed directly by our hiring team.

We think you need these skills to ace Underwriter, Facultative in London

Underwriting
Client Interaction
Market Analysis
Risk Assessment
Relationship Building
Knowledge of Geographic Markets
Communication Skills
Team Orientation
Negotiation Skills
Professional Designations (ACII, CPCU)
Ability to Work Under Pressure
Flexibility of Approach

Some tips for your application 🫡

Show Your Understanding of the Role: When writing your application, make sure to highlight your understanding of the underwriting process and client interaction. We want to see how your experience aligns with our dynamic approach and how you can contribute to enabling possibility.

Tailor Your Application: Don’t just send a generic application! Tailor your CV and cover letter to reflect the specific skills and experiences that match the job description. We love seeing candidates who take the time to connect their background with what we’re looking for.

Be Clear and Concise: Keep your application clear and to the point. Use straightforward language and avoid jargon unless it’s relevant. We appreciate when candidates communicate effectively, as this reflects the strong interpersonal skills we value in our team.

Apply Through Our Website: Make sure to apply through our website for the best chance of being noticed! It helps us keep track of applications and ensures you’re considered for the role. Plus, it’s super easy to do!

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 regarding property submissions and risk assessment. Familiarise yourself with the Arch Re underwriting philosophy so you can discuss how your experience aligns with their approach.

✨Build Rapport with Brokers

Since you'll be interacting with brokers and clients, practice your relationship-building skills. Prepare some questions that show your interest in their needs and how you can help them achieve their goals. This will demonstrate your collaborative spirit.

✨Stay Updated on Market Trends

Research the geographic markets relevant to the role. Understanding current trends, regulations, and competitors will not only impress your interviewers but also show that you're proactive and knowledgeable about the industry.

✨Showcase Your Communication Skills

Prepare to discuss examples of how you've effectively communicated with clients and colleagues in the past. Highlight your negotiation skills and ability to work under pressure, as these are crucial for the role. Be ready to share specific scenarios where you excelled in these areas.

Underwriter, Facultative in London
Arch Capital Group
Location: London
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