At a Glance
- Tasks: Deliver efficient underwriting services and build strong broker relationships.
- Company: Dynamic insurance company focused on growth and collaboration.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Opportunity for career advancement in a structured and organised setting.
- Why this job: Join a team where your negotiation skills can shine and make a real impact.
- Qualifications: 5 years' experience in underwriting and proven broker relationships required.
The predicted salary is between 50000 - 60000 £ per year.
Role Summary
To achieve income and profit objectives through the delivery of an efficient case underwriting service to brokers through regular on-site broker development, supporting the technical management of the regional account in conjunction with the regional strategy, financial plan and personal objectives.
Key Tasks And Responsibilities
- Adherence to the 4 Call Process to maximise opportunities arising
- Achieve Bottom Line, Top Line and Expense targets by managing and operating to the Key Performer Indicators of the region.
- 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.
- Display strong negotiation skills that aid conversion and relationships with our key brokers.
- Maintain and enhance personal knowledge of relevant technical issues.
- 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
- At least 5 years' experience in underwriting
- 2 Year New Business Underwriting preferred
- Proven broker relationships
- Proven Track Record in Underwriting Development
- Ability to negotiate flexibly and appropriately
- 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
- Consistent achieving 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 ACII preferred
- Full clean driving licence
Experience
The job holder will have at least 5 years’ experience in the Commercial Insurance industry, strong interpersonal skills and work in a structured, organised and planned manner.
Underwriter employer: Arch Insurance (UK) Limited
As an Underwriter at our company, you will thrive in a dynamic work culture that prioritises collaboration and professional growth. We offer competitive benefits, including ongoing training and development opportunities, ensuring you can enhance your skills while building strong relationships with key brokers in the region. Join us to be part of a team that values your contributions and supports your career aspirations in a rewarding environment.
Contact Details:
Arch Insurance (UK) Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Arch Insurance (UK) Limited). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Arch Insurance (UK) Limited. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Arch Insurance (UK) Limited.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Arch Insurance (UK) Limited. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Arch Insurance (UK) Limited
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Arch Insurance (UK) Limited to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Arch Insurance (UK) Limited, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Arch Insurance (UK) Limited's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
