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- Tasks: Support the Motor Trade account by underwriting new business and managing broker relationships.
- Company: Join Arch Capital Group, a collaborative and innovative company focused on enabling progress.
- Benefits: Enjoy a dynamic work environment with opportunities for personal development and training.
- Why this job: Be part of a team that values expertise and innovation while making a real impact in the industry.
- Qualifications: 5+ years in Motor Trade Underwriting and a Cert CII qualification are required.
- Other info: Ideal for those who love solving complex problems and working with talented colleagues.
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„¢.
Role Summary and Purpose
To achieve income and profit objectives by supporting the technical management of the Motor Trade (MTR) account and by delivering an efficient case underwriting service to brokers.
Key Tasks and Responsibilities
- Deal with MTR New Business enquiries and renewals by producing terms and converting/retaining acceptable business.
- Conduct regular case reviews to ensure that technical procedures and standards are always followed.
- Enhance Arch's standing and presence locally by establishing and maintaining strong personal relationships with key directors and staff at the Region's most important brokers.
- Maintain personal knowledge of relevant technical issues.
- Support the personal development of the underwriting staff in the Branch by delivering training and technical guidance.
- Undertake referral cases above the authority levels of Underwriters, Assistant Underwriters & Technicians whilst adhering to individual authority level.
- Manage the motor trade scheme in the Branch to achieve income and profit objectives, including ensuring Broker staff are appropriately trained and mentored.
- Contribute to the technical knowledge of the Company by feeding back technical and commercial market intelligence to the Regional Director & wider team.
- Work collaboratively with other parts of the organisation, especially the claims and survey teams, when required.
Role Requirements & Skills
- Understanding your insurance market - at least 5 years' experience in underwriting.
- Proven broker account development and management.
- Being able to negotiate flexibly and appropriately.
- Effective selling skills.
- Demonstrates a range of influencing and negotiation approaches.
- Risk Perception.
- Pricing of risk accordingly.
- Successfully developing effective trading relationships.
- Consistently achieving goals and objectives.
- Trading successfully in the insurance marketplace.
- Experience working across functions / matrix organisation to collaborate and build strong relationships.
Qualifications
- Minimum - Cert CII (Dip CII, or progress towards, is preferred).
Experience
The job holder will have at least 5 years Motor Trade Underwriting experience, strong interpersonal skills and work in a structured, planned manner.
Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you.
Motor Trade New Business Underwriter | Leeds, UK employer: Arch Capital Group
Contact Detail:
Arch Capital Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Motor Trade New Business Underwriter | Leeds, UK
✨Tip Number 1
Familiarise yourself with the latest trends and developments in the motor trade insurance market. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly changing industry.
✨Tip Number 2
Network with professionals in the motor trade underwriting field. Attend industry events or join relevant online forums to connect with potential colleagues and learn more about the company culture at Arch Capital Group.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed broker relationships in the past. Highlighting your negotiation skills and ability to develop effective trading relationships will set you apart from other candidates.
✨Tip Number 4
Showcase your understanding of risk perception and pricing strategies during discussions. Being able to articulate your approach to these key aspects of underwriting will demonstrate your expertise and suitability for the role.
We think you need these skills to ace Motor Trade New Business Underwriter | Leeds, UK
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Motor Trade New Business Underwriter position. Tailor your application to highlight relevant experience and skills that align with the job description.
Craft a Strong CV: Your CV should clearly showcase your 5+ years of Motor Trade Underwriting experience. Emphasise your skills in broker account development, negotiation, and risk perception. Use bullet points for clarity and ensure it is well-structured.
Write a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific examples of how you've successfully managed underwriting cases or developed broker relationships in the past. This is your chance to stand out!
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial in the underwriting field.
How to prepare for a job interview at Arch Capital Group
✨Know Your Market
Make sure you have a solid understanding of the motor trade insurance market. Brush up on recent trends, challenges, and opportunities in the sector. This will show your potential employer that you're not just experienced but also proactive about staying informed.
✨Demonstrate Relationship Building Skills
Since the role involves maintaining strong relationships with brokers, be prepared to discuss your past experiences in developing and managing these relationships. Share specific examples of how you've successfully collaborated with others to achieve common goals.
✨Showcase Your Technical Knowledge
Highlight your underwriting experience and technical skills during the interview. Be ready to discuss complex cases you've handled and how you approached risk assessment and pricing. This will demonstrate your capability to manage the technical aspects of the role.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving and negotiation skills. Think of examples where you've had to negotiate terms or resolve conflicts with brokers. Practising these scenarios can help you articulate your thought process clearly.
