At a Glance
- Tasks: Manage and grow broker relationships while achieving profitability and growth targets.
- Company: Join a collaborative and innovative insurance company that enables possibilities.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Dynamic role with opportunities for personal and professional growth.
- Why this job: Make an impact in the insurance industry with your expertise and innovative mindset.
- Qualifications: 3+ years in Commercial underwriting or broking, strong negotiation skills.
The predicted salary is between 40500 - 49500 £ 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℠.
Role Summary and Purpose
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. Expected to perform with autonomy within defined parameters.
Key Tasks and Responsibilities
- Achieve Profitability, Growth and Expense targets by managing and operating to the Key Performance Indicators of the region.
- Write new business, or 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.
- Support the personal development of the underwriting staff in the Branch by delivering technical guidance skills.
- Handle referral cases above the authority levels of Underwriters, Assistant Underwriters and Development Underwriters whilst adhering to individual authority level.
- 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
- 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.
- Win, 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.
Senior Underwriter (Renewals P&C) 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 (Renewals P&C)
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Arch Capital Group). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Arch Capital Group. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Senior Underwriter (Renewals P&C)
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Arch Capital Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Arch Capital Group. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Arch Capital Group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Arch Capital Group to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Arch Capital Group, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Arch Capital Group's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
