At a Glance
- Tasks: Manage underwriting cases and build strong relationships with brokers.
- Company: Join Arch Europe Insurance Services, a leader in the insurance industry.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Opportunity for career growth and to enhance your professional knowledge.
- Why this job: Make an impact in the insurance world while developing your negotiation and organisational skills.
- Qualifications: 2 years of underwriting experience and strong communication skills.
The predicted salary is between 40000 - 50000 £ per year.
Role Summary and Purpose
To achieve income and profit objectives through efficient case underwriting, ensuring all underwriting decisions align with internal guidelines, appetite and regulatory requirements. Work closely with brokers and internal stakeholders to achieve divisional strategy, financial plan and personal objectives.
Key Tasks and Responsibilities
- Manage own cases (renewal and/or new business), writing within appetite and underwriting authority.
- Handle referral cases for Underwriters/Apprentices with less experience, while adhering to individual authority level.
- Maintain accurate records and documentation of underwriting decisions.
- Adopt and adhere to company and NUH prescribed processes and best practice / standard work.
- Support the Company’s QA procedures by conducting case reviews, when required, to ensure that technical procedures and standards are followed.
- Work towards divisional retention, conversion, rate and loss ratio targets.
- Enhance Arch’s standing and presence nationally by establishing and maintaining strong personal relationships with broking partners.
- Display strong negotiation skills that aid conversion and relationships with all key brokers.
- Maintain and enhance personal knowledge of relevant technical topics.
- Work collaboratively with other parts of the organisation, most notably the UKR regional offices.
Role Requirements and Skills
- At least 2 years’ experience in underwriting.
- Ability to negotiate flexibly and appropriately.
- Effective selling skills.
- Strong organisational skills.
- Risk perception.
- Pricing of risk accordingly.
- Successfully developing effective trading relationships.
- Consistently achieving goals and objectives.
- Experience working across functions / matrix organisation to collaborate and build strong relationships.
- Operational effectiveness and efficiency.
- Clear and effective communication.
- Minimum A level standard (preferred).
- Professional certification – progress towards Cert CII (preferred).
Experience
The job holder will ideally have experience in the Commercial Insurance industry, strong interpersonal skills and work in a structured, organised and planned manner.
Underwriter in Essex employer: ARCH EUROPE INSURANCE SERVICES LTD
Contact Detail:
ARCH EUROPE INSURANCE SERVICES LTD Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter in Essex
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work with underwriting. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your negotiation skills and risk assessment knowledge. We want you to showcase how you can handle cases effectively and align with company guidelines.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that resonate with your values and career goals. Check out our website for openings that match your skills and experience in underwriting.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind and show your enthusiasm for the role. Plus, it’s a great chance to reiterate why you’re the perfect fit for the team.
We think you need these skills to ace Underwriter in Essex
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your underwriting experience and any relevant achievements to show us you’re the right fit for the role.
Craft a Compelling Cover Letter: Use your cover letter to tell us why you’re passionate about underwriting and how your background aligns with our company’s goals. Be sure to mention your negotiation skills and ability to build relationships with brokers.
Showcase Your Organisational Skills: In your application, give examples of how you've managed cases effectively in the past. We want to see that you can handle both new business and renewals while keeping everything organised and compliant.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates during the process.
How to prepare for a job interview at ARCH EUROPE INSURANCE SERVICES LTD
✨Know Your Underwriting Basics
Make sure you brush up on your underwriting knowledge before the interview. Understand the key principles, guidelines, and regulatory requirements that govern the industry. This will not only show your expertise but also demonstrate your commitment to aligning with the company's standards.
✨Showcase Your Negotiation Skills
Prepare examples of past experiences where you've successfully negotiated terms or built strong relationships with brokers. Be ready to discuss how you can apply these skills in the role to enhance Arch’s standing and achieve divisional targets.
✨Demonstrate Organisational Skills
Since the role requires strong organisational abilities, come prepared with a plan on how you manage your cases and documentation. Share specific strategies you use to maintain accuracy and efficiency in your work, as this will resonate well with the interviewers.
✨Engage with Technical Topics
Stay updated on relevant technical topics in the commercial insurance sector. During the interview, express your enthusiasm for continuous learning and how you keep your knowledge current. This shows that you're proactive and dedicated to professional growth, which is crucial for success in underwriting.