At a Glance
- Tasks: Conduct underwriting audits and evaluate processes across global business units.
- Company: Dynamic insurance company focused on collaboration and innovation.
- Benefits: Competitive salary, travel opportunities, and professional development.
- Other info: Opportunity to work with diverse teams and grow your career.
- Why this job: Join a team that drives change and enhances underwriting processes.
- Qualifications: 10+ years in underwriting or claims with strong analytical skills.
The predicted salary is between 60750 - 74250 £ 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.
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
- Address
- 13600 Arch Insurance (UK) Limited
- #J-18808-Ljbffr
Underwriting Auditor in Manchester employer: Arch Capital
At Arch Insurance, we pride ourselves on fostering a collaborative and innovative work environment that empowers our employees to reach their full potential. As an Underwriting Auditor in London, you will benefit from a culture that values expertise and offers ample opportunities for professional growth, while being part of a team that plays a crucial role in enhancing underwriting processes across diverse markets. Join us to make a meaningful impact and enjoy the unique advantages of working in one of the world's leading insurance firms.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Auditor in Manchester
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Arch Capital. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Underwriting Auditor in Manchester
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Arch Capital.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Arch Capital's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Arch Capital
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Arch Capital.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Arch Capital will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Arch Capital employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
