Senior Underwriter in Bristol

Senior Underwriter in Bristol

Bristol Full-Time 50000 - 70000 £ / year (est.) No home office possible
Arch

At a Glance

  • Tasks: Underwrite and manage risk insurance products while building strong relationships with agents and brokers.
  • Company: Join Arch Europe Insurance Services, a leader in the insurance market.
  • Benefits: Competitive salary, professional development, and a dynamic work environment.
  • Other info: Opportunity for growth and to work with a collaborative team.
  • Why this job: Make impactful decisions in a fast-paced industry and enhance your career in underwriting.
  • Qualifications: 5-8 years of underwriting experience and strong analytical skills required.

The predicted salary is between 50000 - 70000 £ per year.

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

At Arch Europe Insurance Services Ltd, we pride ourselves on being an exceptional employer that fosters a collaborative and innovative work culture. Our Senior Underwriters benefit from comprehensive professional development opportunities, competitive compensation packages, and a supportive environment that encourages growth and success. Located in a vibrant area, our team enjoys a dynamic workplace that values diversity and promotes work-life balance, making it an ideal place for those seeking meaningful and rewarding careers in the insurance industry.
Arch

Contact Detail:

Arch 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 understanding of ISO rating and rules. We want you to showcase your expertise confidently, so practice common underwriting scenarios and how you'd handle them.

✨Tip Number 3

Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation. It keeps you fresh in their minds and shows your enthusiasm for the role.

✨Tip Number 4

Apply through our website! We’ve got a streamlined process that makes it easy for you to submit your application. Plus, it shows you’re genuinely interested in joining our team at StudySmarter.

We think you need these skills to ace Senior Underwriter in Bristol

Underwriting Skills
Risk Assessment
Pricing Strategies
Client Relationship Management
Technical and Analytical Skills
Regulatory Compliance Awareness
Problem Solving
Negotiation Skills
Decision Making
Product Development
Market Analysis
Communication Skills
Customer Service
Broker Relationship Management
ISO Rating Knowledge

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Senior Underwriter role. Highlight your experience in underwriting, client relationship management, and any relevant certifications. We want to see how your skills match what we're looking for!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Share specific examples of how you've successfully managed risks and built relationships in the past. We love a good story!

Showcase Your Technical Skills: Don’t forget to mention your technical and analytical skills in your application. If you have experience with ISO rating and rules, make it known! We’re keen on candidates who can navigate the complexities of underwriting.

Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy!

How to prepare for a job interview at Arch

✨Know Your Underwriting Stuff

Make sure you brush up on your underwriting knowledge, especially around ISO rating and rules. Be ready to discuss how you've handled complex risks in the past and what strategies you've used to price exposures effectively.

✨Showcase Your Relationship Skills

Since this role involves managing relationships with agents and brokers, prepare examples of how you've successfully built and maintained these connections. Highlight any specific instances where your relationship management led to business growth or improved customer satisfaction.

✨Be Ready for Problem-Solving Scenarios

Expect to face some hypothetical scenarios during the interview. Think about how you would approach risk assessment and decision-making in challenging situations. Demonstrating your analytical skills and problem-solving abilities will set you apart.

✨Understand the Business Goals

Familiarise yourself with the company's business objectives and how the underwriting role contributes to those goals. Be prepared to discuss how you can align your underwriting strategies with their production and business targets.

Senior Underwriter in Bristol
Arch
Location: Bristol

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