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For Companies At a Glance
- Tasks: Underwrite motor trade risks and manage broker relationships to achieve financial targets.
- Company: Arch Insurance fosters collaboration and innovation, enabling clients and employees to reach their potential.
- Benefits: Enjoy a supportive work culture with opportunities for professional growth and development.
- Why this job: Join a dynamic team that values problem-solving and innovative thinking in the insurance industry.
- Qualifications: A levels preferred; 5 years underwriting experience and strong negotiation skills required.
- Other info: Create a job alert for future openings if this role isn't the right fit.
The predicted salary is between 36000 - 60000 £ per year.
Overview
Join to apply for the Motor Trade 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 through the delivery of an efficient case underwriting service to brokers through broker development, supporting the technical management of the NUH account in conjunction with UKR strategy, financial plan and personal objectives.
Responsibilities
- Service Existing Business whilst writing within risk selection, appetite and authority, working towards retention, loss ratio and rate targets.
- Achieve Bottom Line, Top Line and Expense targets by managing and operating to the Key Performance Indicators of NUH.
- 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.
- Handle referral cases above the authority levels of Underwriters, Trainee Underwriters and Apprentices, whilst adhering to individual authority level.
- Conduct regular case reviews to ensure that technical procedures and standards are followed, in accordance with the Company QA procedures.
- Work collaboratively with other parts of the organisation, most notably the UKR regional offices.
Skills / Competencies
- Ideally at least 5 years’ experience in underwriting
- 2 years’ experience in underwriting Motor Trade risks
- Ability to negotiate flexibly and appropriately
- Demonstrates a range of influencing and negotiation approaches
- Risk perception/Risk selection skills
- Pricing of risk accordingly
- Successful development of effective trading relationships
- Consistent achievement of goals and objectives
- Experience working across functions / matrix organisation to collaborate and build strong relationships
- Operational effectiveness and efficiency
- Clear and effective communication
Qualifications
- 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.
Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt 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 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 Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends and developments in the motor trade insurance sector. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly evolving industry.
✨Tip Number 2
Network with professionals in the insurance and underwriting fields, especially those who have experience in motor trade risks. Attend industry events or join relevant online forums to build connections that could lead to valuable insights or referrals.
✨Tip Number 3
Prepare to showcase your negotiation skills by practising scenarios where you might need to influence brokers or clients. Role-playing these situations can help you articulate your approach effectively during the interview process.
✨Tip Number 4
Research Arch Insurance’s company culture and values thoroughly. Understanding their emphasis on collaboration and innovation will allow you to tailor your responses in interviews, showing how you align with their mission and can contribute to their goals.
We think you need these skills to ace Motor Trade Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and skills required for the Motor Trade Underwriter position. Tailor your application to highlight how your experience aligns with these requirements.
Highlight Relevant Experience: In your CV and cover letter, emphasise your underwriting experience, particularly in Motor Trade risks. Use specific examples to demonstrate your negotiation skills and ability to manage relationships with brokers.
Showcase Your Skills: Clearly outline your risk perception and selection skills in your application. Mention any relevant certifications or professional development, such as progress towards Cert CII, to strengthen your candidacy.
Craft a Compelling Cover Letter: Write a personalised cover letter that reflects your understanding of Arch Insurance's culture and values. Explain why you are passionate about the role and how you can contribute to their goals of enabling possibility.
How to prepare for a job interview at Arch Insurance (UK) Limited
✨Know Your Underwriting Basics
Make sure you brush up on your underwriting knowledge, especially in the Motor Trade sector. Be prepared to discuss risk selection, pricing strategies, and how you would handle various scenarios that may arise in underwriting.
✨Showcase Your Negotiation Skills
Since strong negotiation skills are crucial for this role, think of examples from your past experiences where you successfully negotiated terms with brokers. Be ready to demonstrate how you can build and maintain relationships while achieving business objectives.
✨Understand the Company Culture
Arch Insurance values collaboration and innovation. Familiarise yourself with their company culture and be prepared to discuss how you can contribute to their goals. Show enthusiasm for working in a team-oriented environment.
✨Prepare for Technical Questions
Expect technical questions related to underwriting processes and standards. Review the company's QA procedures and be ready to explain how you would conduct case reviews and ensure compliance with these standards.
