Underwriting Auditor

Underwriting Auditor

Leeds Full-Time 36000 - 60000 ÂŁ / year (est.) No home office possible
Arch Insurance (UK) Limited

At a Glance

  • Tasks: Evaluate underwriting processes and support leadership with audits across various regions.
  • Company: Join a collaborative and innovative insurance company that enables possibilities.
  • Benefits: Competitive salary, travel opportunities, and a chance to work with talented colleagues.
  • Why this job: Make a real impact by enhancing underwriting processes and driving change.
  • Qualifications: 10+ years in underwriting or claims with strong analytical skills.
  • Other info: Dynamic role with opportunities for professional growth and interdisciplinary teamwork.

The predicted salary is between 36000 - 60000 ÂŁ 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„ .

Arch’s Corporate Underwriting (“CU”) provides an underwriting audit function for Arch Insurance, primarily UK Regional, albeit with possible additional London Market involvement as required or as skillset allows. The purpose of this role is to provide underwriting audit support to CU leadership in these two categories of CU Audits for Arch Insurance UK and other Arch entities to a lesser extent.

Arch’s Corporate Underwriting (“CU”) Audit team is charged with evaluating the effectiveness of the underwriting process for all active Arch Insurance Group business units in the United States, Bermuda, Canada, Australia, and Europe. CU Audit – via reviews and reports – provides an objective evaluation for Arch senior leadership concerning the quality and alignment of the business units’ underwriting decisions to authority levels and guidelines while enabling change where necessary and enhancing underwriting processes and controls.

CU Audit Responsibilities:
  • Participate in underwriting audits/reviews of Arch Insurance business units (predominantly UK Regional) and delegated authority programs, including scheduling and account selection.
  • Perform underwriting file reviews by measuring how well Arch’s Business Units and delegated authority programs adhere to corporate and business unit rules and protocols – including qualitative and procedural components such as file documentation, account analysis/selection, and use of pricing tools.
  • Assist – and where necessary lead – the collecting, processing and summarising audit information and the identification of trends.
  • Identify trends in business units to assess relative risks in order to determine audit scope required.
  • Co‑ordinate audits with other company monitoring functions (Compliance, Internal Audit, Claims) as needed, to support audit process.
  • Assist Underwriting Units in the planning and implementation of appropriate underwriting controls including documentation.
Qualifications:
  • 10+ years underwriting or claims experience in one or a number of key Arch UK Regional classes of Property or Casualty Underwriting. Additionally, experience with other lines and underwriting audit experience would be beneficial but not essential.
  • Business and technical underwriting acumen with high attention to detail and strong analytical skills.
  • Sound independent judgment.
  • Ability to influence colleagues outside the team toward achievement of mutual goals.
  • Excellent time management and organisational skills.
  • Demonstrated ability to work across interdisciplinary teams that are geographically dispersed.
  • Strong oral and written communication skills.
  • Willingness to travel domestically and/or internationally as agreed and required.

Underwriting Auditor employer: Arch Insurance (UK) Limited

Arch Insurance is an exceptional employer that fosters a collaborative and innovative work culture, empowering employees to reach their full potential. With a strong focus on professional growth, the Underwriting Auditor role offers opportunities to engage in meaningful audits across diverse markets, while being part of a supportive team that values expertise and continuous improvement. Located in London, employees benefit from a vibrant city atmosphere, alongside the chance to influence underwriting processes on a global scale.
Arch Insurance (UK) Limited

Contact Detail:

Arch Insurance (UK) Limited Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Underwriting Auditor

✨Tip Number 1

Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.

✨Tip Number 2

Prepare for interviews by researching the company and its culture. Understand their values and how they align with your own. We want you to show them that you’re not just a fit for the role, but also for the team and the company as a whole.

✨Tip Number 3

Practice makes perfect! Conduct mock interviews with friends or mentors to refine your answers and boost your confidence. We believe that being well-prepared can make all the difference when it comes to impressing your interviewers.

✨Tip Number 4

Don’t forget to follow up after your interviews! A simple thank-you email can go a long way in keeping you top of mind. We recommend expressing your appreciation for the opportunity and reiterating your enthusiasm for the role.

We think you need these skills to ace Underwriting Auditor

Underwriting Audit
Analytical Skills
Attention to Detail
Business and Technical Underwriting Acumen
Independent Judgment
Influencing Skills
Time Management
Organisational Skills
Oral Communication Skills
Written Communication Skills
Interdisciplinary Team Collaboration
Risk Assessment
Audit Process Coordination
File Documentation Review

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Underwriting Auditor role. Highlight your relevant experience in underwriting and audit, and don’t forget to showcase your analytical skills and attention to detail. We want to see how you can bring your expertise 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 this role and how your background aligns with our company culture of collaboration and innovation. Let us know how you can help us enable possibility!

Showcase Your Communication Skills: Since strong written communication is key for this position, make sure your application is clear and concise. Use professional language but keep it friendly – we love a bit of personality! This is your opportunity to demonstrate how well you can communicate complex ideas.

Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, you’ll get to explore more about our company and what we stand for!

How to prepare for a job interview at Arch Insurance (UK) Limited

✨Know Your Underwriting Inside Out

Make sure you brush up on your underwriting knowledge, especially in the key classes of Property and Casualty. Be prepared to discuss specific examples from your past experience that demonstrate your understanding of underwriting processes and how you've contributed to improving them.

✨Showcase Your Analytical Skills

Since this role requires strong analytical skills, come ready with examples of how you've identified trends or assessed risks in previous roles. Use data to back up your claims and show how your insights led to positive changes in underwriting practices.

✨Demonstrate Collaboration

This position involves working across interdisciplinary teams, so be prepared to share experiences where you've successfully collaborated with others. Highlight any instances where you influenced colleagues outside your immediate team to achieve common goals.

✨Prepare for Scenario Questions

Expect scenario-based questions that assess your judgment and decision-making skills. Think about situations where you had to make tough calls regarding underwriting decisions and how you navigated those challenges. This will showcase your independent judgment and problem-solving abilities.

Underwriting Auditor
Arch Insurance (UK) Limited
Location: Leeds

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