At a Glance
- Tasks: Manage and grow a profitable portfolio while building strong broker relationships.
- Company: Arch Insurance promotes collaboration and innovation, enabling clients to achieve their potential.
- Benefits: Enjoy a supportive work culture with opportunities for professional growth and development.
- Other info: Create a job alert to stay updated on future opportunities at Arch.
- Why this job: Join a dynamic team solving complex problems in the insurance industry with talented colleagues.
- Qualifications: 3+ years in Commercial underwriting; Cert CII minimum, Dip CII preferred.
The predicted salary is between 32000 - 48000 £ 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.
Key Tasks And Responsibilities
- Achieve Profitability, Growth and Expense targets by managing and operating to the Key Performance Indicators of the region.
- Write renewals and mid-term adjustments of varying complexity up to authority and binder limits. Authority level is reflective of knowledge, experience and qualifications.
- Enhance Arch's standing and presence locally by establishing and maintaining strong personal relationships with key directors and staff at the Region's most important brokers.
- Contribute towards business Income & Gross Written Premium (GWP) objectives whilst working towards the business's annual Target Loss Ratios and rate targets.
- Responsibility to ensure survey requests, survey overviews and policy documentation are processed, maintaining all relevant reporting tools.
- Conduct regular case reviews to ensure that technical procedures and standards are followed, in accordance with the Company QA procedures.
- Contribute to the technical knowledge of the Company by feeding back technical and commercial market intelligence to the Regional Director & wider team.
- Maintain personal knowledge of relevant technical issues.
- Work collaboratively with other parts of the organisation, especially the claims and survey teams, when required.
Skills / Competencies
- Understanding your insurance market - at least 3 years' experience in Commercial underwriting (or broking)
- Proven broker account development and management
- Being able to negotiate flexibly and appropriately - manage a profitable portfolio
- Renew and manage out individual cases and books of business
- Effective selling skills
- Demonstrates a range of influencing and negotiation approaches
- Risk perception / Risk selection skills
- Pricing of risk accordingly
- Successfully developing effective trading relationships
- Consistently achieving goals and objectives
- Trading successfully in the insurance marketplace
- Experience working across functions / matrix organisation to collaborate and build strong relationships
Qualifications
Minimum Cert CII. Dip CII, or progress towards, is preferred
Experience
The job holder will have at least 3 years Commercial Underwriting experience, strong interpersonal skills and work in a structured, planned manner.
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Senior Underwriter - P&C in Bristol employer: Arch Insurance (UK) Limited
Arch Insurance (UK) Limited is an exceptional employer located in Colchester, offering a dynamic work culture that prioritises collaboration and innovation. Employees benefit from comprehensive training opportunities and a supportive environment that encourages professional growth, making it an ideal place for those looking to advance their careers in underwriting. Join us to be part of a team that values your contributions and fosters meaningful relationships with key industry players.
Contact Details:
Arch Insurance (UK) Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter - P&C in Bristol
✨Tip Number 1
Network with professionals in the insurance industry, especially those who work in underwriting. Attend industry events or join relevant online forums to connect with potential colleagues and learn more about Arch Insurance's culture and values.
✨Tip Number 2
Familiarise yourself with the latest trends and challenges in the P&C insurance market. This knowledge will not only help you in interviews but also demonstrate your commitment to staying informed and relevant in the field.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed broker relationships and achieved profitability targets in your previous roles. Tailoring your experiences to align with Arch's objectives can set you apart from other candidates.
✨Tip Number 4
Showcase your ability to collaborate across functions by highlighting any past experiences where you worked with claims or survey teams. Emphasising your teamwork skills can resonate well with Arch's collaborative culture.
We think you need these skills to ace Senior Underwriter - P&C in Bristol
Some tips for your application 🫡
Understand the Role:Before applying, make sure you fully understand the responsibilities and requirements of the Senior Underwriter position. Tailor your application to highlight your relevant experience in commercial underwriting and broker account management.
Highlight Relevant Experience:In your CV and cover letter, emphasise your 3+ years of experience in commercial underwriting. Provide specific examples of how you've achieved profitability and growth targets in previous roles.
Showcase Your Skills:Make sure to showcase your skills in negotiation, risk perception, and effective selling. Use concrete examples to demonstrate how you've successfully developed trading relationships and managed profitable portfolios.
Craft a Compelling Cover Letter:Write a tailored cover letter that reflects your understanding of Arch Insurance's culture and values. Explain why you're a great fit for the team and how you can contribute to their goals, particularly in achieving GWP and income objectives.
How to prepare for a job interview at Arch Insurance (UK) Limited
✨Know Your Market
Make sure you have a solid understanding of the insurance market, especially in Commercial underwriting. Brush up on recent trends and challenges in the industry to demonstrate your expertise during the interview.
✨Showcase Your Relationship Skills
Since building strong relationships with brokers is key, prepare examples of how you've successfully developed and managed broker accounts in the past. Highlight your interpersonal skills and ability to negotiate effectively.
✨Demonstrate Technical Knowledge
Be ready to discuss your technical knowledge related to underwriting processes and risk assessment. Prepare to explain how you've applied this knowledge in previous roles to achieve profitability and growth targets.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving abilities. Think of complex cases you've handled and be prepared to walk through your thought process and decision-making steps.
