At a Glance
- Tasks: Underwrite and manage insurance risks while collaborating with agents and clients.
- Company: Dynamic insurance company focused on innovation and collaboration.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Opportunity for career growth in a fast-paced, collaborative setting.
- Why this job: Join a team that enables possibilities and helps clients achieve their goals.
- Qualifications: 5-8 years in underwriting with strong analytical and relationship management skills.
The predicted salary is between 50000 - 70000 £ 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 Possibility.
Role Purpose
We are seeking an experienced individual who receives general business direction, markets, underwrites, and services risk insurance products with some complexity within assigned geographic and product areas. The individual utilizes underwriting authority and market skills to solicit new business and retain existing business. Manages interfaces and relationships with independent agents and brokers to enhance and maintain business opportunities. Responsible for the business results of assigned book of business.
Key Responsibilities
- Determines the desirability of accepting or rejecting business risks.
- Prices exposures in accordance with filed and approved rate levels, discretionary pricing mechanisms, and business unit guidelines.
- Identifies the need, recommends and evaluates additional risk assessment information including inspection, financial reports and statements.
- Coordinates individual risk underwriting actions with other departments to assure the highest level of customer satisfaction while meeting production and business goals.
- Performs product development and marketing activities including identifying producer relationships within assigned market to optimize best solutions for distribution, identifies and suggests new and modified products, identifies producers for business/marketing programs, and analyses producers and market opportunities.
- Maintains ongoing liaison with producers to obtain supplemental underwriting information, evaluate risks, decline risks, analyse and interpret coverage, explain underwriting requirements and expectations, and present terms.
- Regularly interfaces with customers to provide service and to keep abreast of customer issues.
- Sets ceded reinsurance actions in accordance with Arch Insurance and business unit guidelines.
Skills / Competencies
- Planning and product development
- Client relationship management
- Technical and analytical skills
- Regulatory & compliance awareness
- Problem solving, negotiation & decision making
University degree and professional certification desired with 5-8 years working knowledge and understanding of ISO rating and rules. Minimum 5 years relevant experience in an underwriting position in the Commercial Insurance Market. Demonstrated competence in maintaining broker/client relationships.
Senior Underwriter in Bristol employer: Arch Insurance
Contact Detail:
Arch Insurance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter in Bristol
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work with underwriting. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and market knowledge. Be ready to discuss specific underwriting scenarios and how you’ve tackled complex risks in the past. We want to see your expertise shine!
✨Tip Number 3
Showcase your relationship management skills! During interviews, share examples of how you've built and maintained strong relationships with brokers and clients. This is key in our collaborative culture.
✨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 genuinely interested in being part of our innovative team.
We think you need these skills to ace Senior Underwriter in Bristol
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that match the Senior Underwriter role. Highlight your underwriting experience and any relevant certifications to show us you’re the right fit!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you're passionate about underwriting and how your expertise can help us enable possibility for our clients.
Showcase Your Achievements: Don’t just list your responsibilities; share your successes! Quantify your achievements in previous roles to demonstrate how you’ve positively impacted business results.
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 don’t miss out on any important updates from us!
How to prepare for a job interview at Arch Insurance
✨Know Your Underwriting Stuff
Make sure you brush up on your underwriting knowledge, especially around ISO rating and rules. Be ready to discuss your experience with risk assessment and pricing strategies, as this will show that you understand the complexities of the role.
✨Showcase Your Relationship Skills
Since maintaining broker and client relationships is key, prepare examples of how you've successfully managed these in the past. Think about specific situations where you’ve enhanced business opportunities through effective communication and collaboration.
✨Demonstrate Problem-Solving Prowess
Be prepared to discuss how you've tackled complex underwriting challenges. Use the STAR method (Situation, Task, Action, Result) to structure your answers, highlighting your analytical skills and decision-making process.
✨Align with Company Culture
Research the company’s values around collaboration, expertise, and innovation. During the interview, express how your personal values align with theirs and how you can contribute to their mission of enabling possibility for clients and communities.