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.
