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- Tasks: Conduct underwriting audits and reviews to ensure compliance and enhance processes.
- Company: Join Arch Insurance, a leader in enabling progress through collaboration and innovation.
- Benefits: Enjoy a competitive salary, remote work options, and a variety of employee perks.
- Why this job: Be part of a dynamic team solving complex problems and making a real impact.
- Qualifications: 10+ years in underwriting or claims with strong analytical and communication skills required.
- Other info: Opportunities for travel and professional growth within a supportive culture.
The predicted salary is between 43200 - 72000 ÂŁ 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 Title: Underwriting Auditor – Corporate Underwriting
Reports to: Senior Audit Manager – London
Department: Corporate Underwriting
Role
General Description
Arch’s Corporate Underwriting (“CU”) provides an underwriting audit function for Arch Insurance, primarily UK Regional, albeit with possible additional London Market involvement as required or as skillset allows.
The purpose of this role is to provide underwriting audit support to CU leadership in these two categories of CU Audits for Arch Insurance UK and other Arch entities to a lesser extent.
CU – Corporate Underwriting Audit Role/Responsibility Description
Arch’s Corporate Underwriting (“CU”) Audit team is charged with evaluating the effectiveness of the underwriting process for all active Arch Insurance Group business units in the United States, Bermuda, Canada, Australia, and Europe. CU Audit – via reviews and reports – provides an objective evaluation for Arch senior leadership concerning the quality and alignment of the business units’ underwriting decisions to authority levels and guidelines while enabling change where necessary and enhancing underwriting processes and controls.
CU Audit Responsibilities:
- Participate in underwriting audits/reviews of Arch Insurance business units (predominantly UK Regional) and delegated authority programs, including scheduling and account selection.
- Perform underwriting file reviews by measuring how well Arch’s Business Units and delegated authority programs adhere to corporate and business unit rules and protocols – including qualitative and procedural components such as file documentation, account analysis/selection, and use of pricing tools.
- Assist – and where necessary lead – the collecting, processing and summarising audit information and the identification of trends.
- Identify trends in business units to assess relative risks in order to determine audit scope required.
- Co‑ordinate audits with other company monitoring functions (Compliance, Internal Audit, Claims) as needed, to support audit process.
- Assist Underwriting Units in the planning and implementation of appropriate underwriting controls including documentation.
Qualifications:
- 10+ years underwriting or claims experience in one or a number of key Arch UK Regional classes of Property or Casualty Underwriting. Additionally, experience with other lines and underwriting audit experience would be beneficial but not essential.
- Business and technical underwriting acumen with high attention to detail and strong analytical skills.
- Sound independent judgment.
- Ability to influence colleagues outside the team toward achievement of mutual goals.
- Excellent time management and organisational skills.
- Demonstrated ability to work across interdisciplinary teams that are geographically dispersed.
- Strong oral and written communication skills.
Willingness to travel domestically and/or internationally as agreed and required
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Underwriting Auditor employer: Arch Capital Group
Contact Detail:
Arch Capital Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Auditor
✨Tip Number 1
Familiarise yourself with the specific underwriting processes and guidelines used by Arch Insurance. Understanding their unique approach will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with current or former employees of Arch Insurance, especially those in the Corporate Underwriting department. They can provide valuable insights into the company culture and expectations, which can be a great advantage during your application process.
✨Tip Number 3
Stay updated on industry trends and changes in underwriting practices. Being knowledgeable about current events in the insurance sector can help you engage in meaningful conversations during interviews and showcase your expertise.
✨Tip Number 4
Prepare to discuss specific examples from your past experience that highlight your analytical skills and attention to detail. The ability to influence colleagues and work across teams is crucial, so think of instances where you've successfully collaborated on projects.
We think you need these skills to ace Underwriting Auditor
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the Underwriting Auditor position. Tailor your application to highlight relevant experience in underwriting and audit processes.
Highlight Relevant Experience: In your CV and cover letter, emphasise your 10+ years of underwriting or claims experience, particularly in Property or Casualty Underwriting. Use specific examples to demonstrate your analytical skills and attention to detail.
Showcase Communication Skills: Since strong oral and written communication skills are essential for this role, ensure your application reflects your ability to communicate effectively. Consider including examples of how you've influenced colleagues or worked across teams.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any grammatical errors or typos, as these can detract from your professionalism and attention to detail, which are crucial for an Underwriting Auditor.
How to prepare for a job interview at Arch Capital Group
✨Showcase Your Analytical Skills
As an Underwriting Auditor, strong analytical skills are crucial. Be prepared to discuss specific examples from your past experience where you successfully identified trends or assessed risks in underwriting processes.
✨Demonstrate Collaboration
This role requires working across interdisciplinary teams. Highlight instances where you've collaborated with colleagues from different departments or locations to achieve common goals, showcasing your ability to influence and work well with others.
✨Prepare for Technical Questions
Expect technical questions related to underwriting processes and controls. Brush up on your knowledge of corporate and business unit rules, as well as any relevant pricing tools, to demonstrate your expertise during the interview.
✨Exhibit Strong Communication Skills
Effective communication is key in this role. Practice articulating your thoughts clearly and concisely, both verbally and in writing. Be ready to explain complex concepts in a way that is easy to understand for those outside your field.