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For Companies At a Glance
- Tasks: Support the Motor Trade account by underwriting new business and maintaining broker relationships.
- Company: Join Arch Insurance, a collaborative and innovative company that inspires progress.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Why this job: Make an impact in the insurance industry while developing your skills and career.
- Qualifications: 5 years of Motor Trade Underwriting experience and strong interpersonal skills.
- Other info: Opportunity to join a talent community and receive updates on future openings.
The predicted salary is between 36000 - 60000 £ per year.
Overview
Join to apply for the Motor Trade New Business Underwriter role at Arch Insurance (UK) Limited.
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„ .
Role Summary and Purpose
To achieve income and profit objectives by supporting the technical management of the Motor Trade (MTR) account and by delivering an efficient case underwriting service to brokers.
Key Tasks And Responsibilities
- Deal with MTR New Business enquiries and renewals by producing terms and converting/retaining acceptable business. Conduct regular case reviews to ensure that technical procedures and standards are always followed.
- 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.
- Maintain personal knowledge of relevant technical issues.
- Support the personal development of the underwriting staff in the Branch by delivering training and technical guidance.
- Undertake referral cases above the authority levels of Underwriters, Assistant Underwriters & Technicians whilst adhering to individual authority level.
- Manage the motor trade scheme in the Branch to achieve income and profit objectives, including ensuring Broker staff are appropriately trained and mentored.
- Contribute to the technical knowledge of the Company by feeding back technical and commercial market intelligence to the Regional Director & wider team.
- Work collaboratively with other parts of the organisation, especially the claims and survey teams, when required.
Role Requirements & Skills
Skills / Competencies
- Understanding your insurance market – at least 5 years\’ experience in underwriting
- Proven broker account development and management
- Being able to negotiate flexibly and appropriately
- Effective selling skills
- Demonstrates a range of influencing and negotiation approaches
- Risk Perception
- 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 5 years Motor Trade Underwriting experience, strong interpersonal skills and work in a structured, planned manner.
If this job isn’t the right fit but you’re interested in working for Arch, create a job alert by creating an account and opting in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.
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Motor Trade New Business Underwriter employer: Arch Insurance (UK) Limited
Contact Detail:
Arch Insurance (UK) Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Motor Trade New Business Underwriter
✨Tip Number 1
Network like a pro! Get out there and connect with people in the motor trade and insurance sectors. Attend industry events, join relevant online forums, and don’t be shy about reaching out to potential colleagues on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Show off your expertise! When you get the chance to chat with brokers or potential employers, make sure to highlight your 5+ years of underwriting experience. Share specific examples of how you've successfully managed accounts or negotiated deals. This will help you stand out as a knowledgeable candidate.
✨Tip Number 3
Practice your pitch! Before any interviews or networking events, rehearse what you want to say about your skills and experiences. Focus on how you can contribute to Arch Insurance’s goals, especially in enhancing their standing in the market. Confidence is key!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, you can set up job alerts to stay updated on new openings that match your skills. Let’s make sure you land that dream role together!
We think you need these skills to ace Motor Trade New Business Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Motor Trade New Business Underwriter role. Highlight your underwriting experience and any relevant skills that match the job description. We want to see how you can contribute to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your experience aligns with our goals at Arch Insurance. Let us know what makes you the perfect fit!
Showcase Your Achievements: Don’t just list your responsibilities; showcase your achievements in previous roles. We love to see quantifiable results, so if you've improved processes or increased profits, make sure to mention it!
Apply Through Our Website: We encourage you to apply through our website for a seamless application process. It’s the best way for us to receive your application and keep track of your progress. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Arch Insurance (UK) Limited
✨Know Your Stuff
Make sure you brush up on your knowledge of the motor trade insurance market. With at least 5 years of underwriting experience, you should be ready to discuss technical issues and demonstrate your understanding of risk perception and pricing.
✨Build Rapport
Since the role involves establishing strong relationships with brokers, practice your interpersonal skills. Be prepared to share examples of how you've successfully developed and managed broker accounts in the past.
✨Showcase Your Negotiation Skills
This position requires effective selling and negotiation skills. Think of scenarios where you’ve had to negotiate terms or resolve conflicts, and be ready to discuss your approach and the outcomes.
✨Collaborate and Communicate
Highlight your experience working across functions and building relationships within a matrix organisation. Be ready to talk about how you’ve collaborated with claims and survey teams to achieve common goals.
