At a Glance
- Tasks: Manage underwriting processes and build strong broker relationships to achieve profitability.
- Company: Join Arch Europe, a collaborative company focused on innovation and enabling potential.
- Benefits: Enjoy a dynamic work culture with opportunities for professional growth and development.
- Other info: Work collaboratively across teams and contribute to market intelligence.
- Why this job: Be part of a team that drives progress and makes a real impact in the insurance industry.
- Qualifications: 3+ years in commercial underwriting; Cert CII minimum, Dip CII preferred.
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 Possibility℠.
To achieve regional GWP, income and profit objectives through the delivery of an efficient service to brokers, supporting the management of the regional account in conjunction with the regional strategy, financial plan and personal objectives.
Key Tasks and Responsibilities
Achieve Profitability, Growth and Expense targets by managing and operating to the Key Performance Indicators of the region.
Write renewals and mid-term adjustments of varying complexity up to authority and binder limits. Authority level is reflective of knowledge, experience and qualifications.
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
Contribute towards business Income & Gross Written Premium (GWP) objectives whilst working towards the business’s annual Target Loss Ratios and rate targets.
Responsibility to ensure survey requests, survey overviews and policy documentation are processed, maintaining all relevant reporting tools.
Conduct regular case reviews to ensure that technical procedures and standards are followed, in accordance with the Company QA procedures.
Contribute to the technical knowledge of the Company by feeding back technical and commercial market intelligence to the Regional Director & wider team.
Maintain personal knowledge of relevant technical issues.
Work collaboratively with other parts of the organisation, especially the claims and survey teams, when required.
Role Requirements & Skills
Skills / Competencies
Understanding your insurance market - at least 3 years' experience in Commercial underwriting (or broking)
Proven broker account development and management
Being able to negotiate flexibly and appropriately – manage a profitable portfolio
Renew and manage out individual cases and books of business.
Effective selling skills
Demonstrates a range of influencing and negotiation approaches
Risk perception/Risk selection skills
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 3 years Commercial 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. 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.
14101 Arch Europe Insurance Services LtdSenior Underwriter - P&C in Bristol employer: Arch Capital Group
At Arch Europe Insurance Services Ltd, we pride ourselves on fostering a collaborative and innovative work culture that empowers our employees to reach their full potential. As a Senior Ceded Re Technician, you will benefit from extensive professional growth opportunities while working in a dynamic environment that values teamwork and continuous improvement. Located in a vibrant area, our company not only supports your career development but also encourages a healthy work-life balance, making it an excellent place for meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter - P&C in Bristol
✨Tip Number 1
Network with professionals in the insurance industry, especially those who work in commercial underwriting. Attend industry events or join relevant online forums to connect with potential colleagues and brokers, as personal relationships are key in this role.
✨Tip Number 2
Stay updated on the latest trends and changes in the insurance market. This knowledge will not only help you in interviews but also demonstrate your commitment to the field and your ability to contribute valuable insights to the team.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed broker accounts and achieved profitability targets in your previous roles. Highlighting your achievements will show that you can deliver results aligned with the company's objectives.
✨Tip Number 4
Familiarise yourself with the company's culture and values, particularly their focus on collaboration and innovation. Be ready to articulate how your personal work style aligns with these values during your conversations with the hiring team.
We think you need these skills to ace Senior Underwriter - P&C in Bristol
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your relevant experience in commercial underwriting. Focus on your achievements, such as managing profitable portfolios and developing broker relationships, to align with the job requirements.
Craft a Compelling Cover Letter:In your cover letter, express your understanding of the insurance market and your ability to meet profitability and growth targets. Use specific examples from your past experience to demonstrate how you can contribute to the company's objectives.
Highlight Relevant Skills:Emphasise your negotiation skills, risk perception, and ability to work collaboratively across functions. Mention any certifications like Cert CII or Dip CII to showcase your qualifications.
Showcase Your Interpersonal Skills:Since building strong relationships is key for this role, include examples of how you've successfully collaborated with brokers and other teams in previous positions. This will help illustrate your fit for the company culture.
How to prepare for a job interview at Arch Capital Group
✨Know Your Market
Make sure you have a solid understanding of the insurance market, especially in Commercial underwriting. Brush up on recent trends and challenges in the industry to demonstrate your expertise during the interview.
✨Showcase Your Relationship Skills
Since building strong relationships with brokers is key, prepare examples of how you've successfully developed and managed broker accounts in the past. Highlight your interpersonal skills and any specific achievements in this area.
✨Demonstrate Negotiation Prowess
Be ready to discuss your negotiation strategies and how you've managed profitable portfolios. Consider preparing a scenario where you successfully negotiated terms that benefited both your company and the broker.
✨Prepare for Technical Questions
Expect questions about technical procedures and standards in underwriting. Review relevant policies and be prepared to discuss how you ensure compliance with quality assurance procedures in your work.
