At a Glance
- Tasks: Underwrite business, develop strategies, and maintain client relationships in a dynamic environment.
- Company: Join Arch Underwriters, a leading firm in the insurance industry based in London.
- Benefits: Competitive salary, professional development, and a supportive team culture.
- Other info: Great opportunity for career growth and learning in a collaborative team.
- Why this job: Make an impact in the insurance sector while building valuable skills and connections.
- Qualifications: Enthusiastic, detail-oriented, and able to thrive in a fast-paced office setting.
The predicted salary is between 50000 - 70000 € per year.
Key Responsibilities
- Responsible for underwriting business on behalf of the syndicate within the parameters of the Syndicate Business Forecast (SBF) and the Syndicate Underwriting Guidelines (SUG’s).
- Assist the BGL in development of long/short term strategy, and SBF for relevant class of business.
- Assist the 'Head of' in the planning and negotiation of outward reinsurance in accordance with company corporate standards and SBF.
- Build and maintain good client and broker relationships to access new and renewal business in accordance with our SBF.
- Provide a high quality service to brokers and customers and ensure timely responsiveness to business flow.
- Ensure that the monitoring of underwriting activities, risk controls and compliance checks are in accordance with the SUG’s and Class of Business (COB) Guidelines.
- Ensure that syndicate management reporting requirements, premium income monitoring, Management Information (MI) and Key Performance Indicators (KPI’s) are complied with.
- Ensure that underwriting administration processes including risk recording and Performance Management Data (PMD) rate change information is in accordance with SUG’s.
- Manage and maintain aggregate exposure management/ Realistic Disaster Scenario (RDS’s) within the agreed limits, ensuring that at all times the Exposure Management Team have access to up to date exposure data.
- Ensure that underwriting staff are effectively managed and trained.
- Participate in committees as requested.
- Working in conjunction with Solvency II guidelines and within given parameters.
Minimum Qualifications, Skills And Experience
- Enthusiastic, hardworking and driven individual with a focus on providing the best possible service.
- Can demonstrate ability to work in a busy office environment, prioritise and organise workload in order to meet deadlines.
- Able to learn and take on new tasks quickly and use own initiative to explore possibilities before raising queries.
- Demonstrates pride in delivering excellent, quality service and endeavours to exceed expectations.
- Attention to detail in producing high quality output and able to maintain this when under pressure.
- Excellent communication skills with confidence to ask questions to ensure job requirements and underwriting matters are understood.
- Commitment to identify opportunities to increase efficiency and quality of operational support evidenced through previous achievements.
- Proactive, showing initiative when completing tasks by pre-empting issues and proposing solutions for them.
- Confidence in building rapport and trust with a range of internal and external stakeholders.
- Flexible approach to work.
Underwriter/Senior Underwriter, NACT in London employer: ARCH EUROPE INSURANCE SERVICES LTD
At Arch Underwriters Europe Limited, we pride ourselves on being an exceptional employer that fosters a dynamic and supportive work culture in the heart of London. Our commitment to employee growth is evident through comprehensive training programmes and opportunities for career advancement, ensuring that our team members thrive both personally and professionally. With a focus on collaboration and innovation, we empower our underwriters to build strong relationships with clients and brokers while delivering high-quality service in a fast-paced environment.
Contact Detail:
ARCH EUROPE INSURANCE SERVICES LTD Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter/Senior Underwriter, NACT in London
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or attend local events. Building relationships can open doors that applications alone can't.
✨Tip Number 2
Prepare for interviews by researching the company and its underwriting practices. Show us you understand the Syndicate Business Forecast and how you can contribute to it!
✨Tip Number 3
Practice your pitch! Be ready to explain how your skills align with the role, especially in terms of client relationships and compliance checks. We want to see your enthusiasm shine through!
✨Tip Number 4
Apply directly through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining our team.
We think you need these skills to ace Underwriter/Senior Underwriter, NACT in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriter/Senior Underwriter role. Highlight relevant experience and skills that match the job description, like your ability to manage risk and maintain compliance with guidelines.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to showcase your enthusiasm for the role and how your previous experiences align with our expectations. Don’t forget to mention your commitment to providing excellent service!
Showcase Your Communication Skills:Since communication is key in this role, make sure your application reflects your ability to convey ideas clearly. Use concise language and ensure there are no typos or errors – attention to detail matters!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at ARCH EUROPE INSURANCE SERVICES LTD
✨Know Your Underwriting Guidelines
Before the interview, make sure you thoroughly understand the Syndicate Underwriting Guidelines (SUG’s) and the Syndicate Business Forecast (SBF). Familiarise yourself with how these guidelines impact decision-making in underwriting. This will not only show your preparedness but also your commitment to adhering to company standards.
✨Demonstrate Your Client Relationship Skills
Be ready to discuss your experience in building and maintaining relationships with clients and brokers. Prepare specific examples of how you've successfully navigated client interactions and what strategies you used to ensure timely responsiveness and high-quality service.
✨Showcase Your Attention to Detail
Since attention to detail is crucial in underwriting, come prepared with examples that highlight your ability to produce high-quality output under pressure. Discuss any past experiences where your meticulousness led to successful outcomes or prevented potential issues.
✨Exhibit Proactivity and Initiative
Employers love candidates who can take the initiative. Think of instances where you identified opportunities for efficiency or quality improvements in your previous roles. Be ready to share how you pre-empted issues and proposed effective solutions, showcasing your proactive approach to work.
