At a Glance
- Tasks: Assess risks, price exposures, and maintain relationships with clients and brokers.
- Company: Join a collaborative company that inspires progress and enables possibilities.
- Benefits: Competitive salary, professional development, and opportunities for mentorship.
- Why this job: Make a real impact in the insurance industry while developing your leadership skills.
- Qualifications: University degree, professional certification, and extensive underwriting experience required.
- Other info: Dynamic role with opportunities for career growth and mentoring junior team members.
The predicted salary is between 36000 - 60000 £ 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„ .
Senior underwriting position within the PI team requires an experienced underwriter in the PI class. The role will support the UK PI Underwriting Manager and Line of Business Head in the marketing, underwriting and servicing of business.
Key Responsibilities- Assessment of suitability of risks (renewals and new business), pricing exposures in accordance with approved rating model, discretionary pricing mechanisms, and general business unit guidelines.
- Identify the need for and evaluate additional risk assessment information including Underwriter Representatives’ reports, actuarial and financial reports and statements; and any / all other publicly available information.
- Source input from, and work in conjunction with stakeholders in other departments including claims, actuarial, and operations.
- Maintain ongoing liaison with producers to obtain supplemental underwriting information, evaluate risks, decline risks, analyse and interpret coverage, explain underwriting requirements and expectations, and present terms.
- Oversee risks through the life-cycle of a policy: pre-renewal, renewal, ongoing management.
- Provide best in class service to internal and external stakeholders.
- Perform marketing activities including maintenance of key producer and client relationships.
- Regularly meet with clients formally and informally.
- Keep up to date pertinent market developments.
- Implement ceded reinsurance actions in accordance with Arch Insurance and business unit guidelines.
- Support UWM and LOB Head in development and implementation of business planning, data analysis, management and Lloyd’s reporting.
- Support UWM and LOB Head in development and mentoring of junior members of the underwriting team.
- Technical and analytical skills
- Client & broker relationship management
- Regulatory & compliance awareness
- Problem solving, negotiation & decision making
- Strong interpersonal and leadership skills demonstrating an ability to teach, influence and motivate others
- Strong written and verbal communication skills
- University degree and professional certification desired with suitable underwriting experience
- Knowledge and understanding of rating, coverage and regulations that cover the class of business.
- Extensive experience in an underwriting position.
- Demonstrated competence in maintaining broker/client relationships.
- Experience or demonstrated the aptitude to operate in a leadership / mentoring position within team structure.
Senior Underwriter, Professional Liability in Birmingham employer: Arch Insurance (UK) Limited
Contact Detail:
Arch Insurance (UK) Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter, Professional Liability in Birmingham
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work in professional liability. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your technical and analytical skills. Be ready to discuss how you assess risks and manage client relationships. We want to see your problem-solving prowess in action!
✨Tip Number 3
Show off your leadership skills! If you've mentored junior underwriters before, share those experiences during interviews. We love candidates who can inspire and motivate others in the team.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining our collaborative culture.
We think you need these skills to ace Senior Underwriter, Professional Liability in Birmingham
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Underwriter role. Highlight your experience in professional liability underwriting and any relevant qualifications. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how you can contribute to our collaborative culture. Let us know how you enable possibility in your work!
Showcase Your Skills: In your application, be sure to showcase your technical and analytical skills, as well as your ability to manage client and broker relationships. We’re looking for someone who can problem-solve and lead effectively!
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 get to know you better. Don’t miss out on this opportunity!
How to prepare for a job interview at Arch Insurance (UK) Limited
✨Know Your Stuff
Make sure you brush up on your technical and analytical skills related to professional liability underwriting. Familiarise yourself with the latest regulations, coverage options, and pricing models. This will not only help you answer questions confidently but also show that you're genuinely interested in the role.
✨Showcase Your People Skills
Since this role involves a lot of client and broker relationship management, be prepared to discuss your interpersonal skills. Think of examples where you've successfully influenced or motivated others, and how you've handled challenging conversations. This will demonstrate your ability to build strong relationships.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that assess your problem-solving and decision-making abilities. Prepare by thinking through past experiences where you had to evaluate risks or make tough calls. Use the STAR method (Situation, Task, Action, Result) to structure your answers clearly.
✨Engage with the Interviewers
Remember, interviews are a two-way street! Prepare thoughtful questions about the company culture, team dynamics, and expectations for the role. This shows your enthusiasm and helps you gauge if the company is the right fit for you. Plus, it keeps the conversation flowing!