Underwriting Auditor

Underwriting Auditor

Glasgow Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Conduct underwriting audits and reviews to ensure compliance and identify trends.
  • Company: Join Arch Insurance, a leader in the insurance industry with a collaborative culture.
  • Benefits: Competitive salary, travel opportunities, and a chance to work with diverse teams.
  • Why this job: Make a real impact by ensuring quality and compliance in underwriting processes.
  • Qualifications: 10+ years in underwriting or claims with strong analytical and communication skills.
  • Other info: Dynamic role with opportunities for professional growth and international travel.

The predicted salary is between 43200 - 72000 £ per year.

Overview

Position Title: Underwriting Auditor – Corporate Underwriting

Reports to: Senior Audit Manager – London

Department: Corporate Underwriting

Arch’s Corporate Underwriting (\”CU\”) provides an underwriting audit function for Arch Insurance, primarily UK Regional, 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.

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.
  • Coordinate audits with other company monitoring functions (Compliance, Internal Audit, Claims) as needed to support the 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.

Company: Arch Insurance (UK) Limited

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Underwriting Auditor employer: Arch Insurance (UK) Limited

Arch Insurance (UK) Limited is an exceptional employer that fosters a collaborative and innovative work culture, particularly for the Underwriting Auditor role based in London. Employees benefit from comprehensive professional development opportunities, a supportive team environment, and the chance to engage with diverse business units across the UK Regional and London Market. With a commitment to excellence and a focus on employee growth, Arch Insurance offers a rewarding career path for those seeking meaningful contributions in the insurance sector.
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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 folks in the underwriting and audit space, especially those at Arch Insurance. A friendly chat can open doors that a CV just can't.

✨Tip Number 2

Prepare for interviews by brushing up on your technical knowledge. Be ready to discuss your experience with underwriting audits and how you've tackled challenges in the past. We want to see your analytical skills in action!

✨Tip Number 3

Showcase your soft skills! Highlight your ability to influence and collaborate with teams across different locations. We love candidates who can bring people together to achieve common goals.

✨Tip Number 4

Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're serious about joining the Arch Insurance family.

We think you need these skills to ace Underwriting Auditor

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

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 claims, and don’t forget to showcase your analytical skills and attention to detail. We want to see how you fit into 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 needs. Be sure to mention any specific experiences that relate to underwriting audits or compliance.

Showcase Your Communication Skills: Since strong communication is key for this role, make sure your written application reflects that. Keep your language clear and professional, and double-check for any typos or grammatical errors. We appreciate attention to detail!

Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you’re considered for the Underwriting Auditor position. We can’t wait to hear from you!

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 areas mentioned in the job description. Familiarise yourself with Arch's UK Regional classes of Property and Casualty Underwriting, as well as any relevant trends in the industry. This will help you demonstrate your expertise and show that you're genuinely interested in the role.

✨Prepare for Scenario-Based Questions

Expect to be asked about specific situations you've encountered in your previous roles. Think of examples where you've had to assess risks, lead audits, or influence colleagues. Use the STAR method (Situation, Task, Action, Result) to structure your answers clearly and effectively.

✨Showcase Your Analytical Skills

Since the role requires strong analytical skills, be ready to discuss how you've used data to identify trends or improve processes in past positions. Bring along any relevant metrics or outcomes from your previous work that highlight your ability to analyse and summarise audit information.

✨Demonstrate Team Collaboration

This position involves working across interdisciplinary teams, so be prepared to talk about your experience collaborating with different departments. Highlight instances where you've successfully coordinated with compliance, internal audit, or claims teams to achieve common goals, showcasing your ability to work well with others.

Underwriting Auditor
Arch Insurance (UK) Limited
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