At a Glance
- Tasks: Assess risks, price exposures, and manage client relationships in a dynamic underwriting role.
- Company: Join a collaborative and innovative company that empowers progress and inspires potential.
- Benefits: Competitive salary, professional development, and opportunities for mentorship.
- Other info: Great opportunity for career growth and leadership development.
- Why this job: Make a real impact by solving complex business problems with a talented team.
- Qualifications: University degree, professional certification, and extensive underwriting experience required.
The predicted salary is between 60000 - 80000 £ 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 PossibilitySM.
Senior underwriting position within the PI team. Requires an experienced underwriter in the PI class. Role will support the UK PI Underwriting Manager and Line of Business Head in the marketing, underwriting and servicing of business.
Key Responsibilities- Assessment of suitability of risks (renewals and new business), pricing exposures in accordance with approved rating model, discretionary pricing mechanisms, and general business unit guidelines.
- Identify the need for and evaluate additional risk assessment information including Underwriter Representatives' reports, actuarial and financial reports and statements; and any / all other publicly available information.
- Source input from, and work in conjunction with stakeholders in other departments including claims, actuarial, and operations.
- Maintain 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.
- Oversee risks through the life-cycle of a policy: pre-renewal, renewal, ongoing management. Provide best in class service to internal and external stakeholders.
- Perform marketing activities including maintenance of key producer and client relationships. Regularly meet with clients formally and informally. Keep up to date pertinent market developments.
- Implement ceded reinsurance actions in accordance with Arch Insurance and business unit guidelines.
- Support UWM and LOB Head in development and implementation of business planning, data analysis, management and Lloyd's reporting.
- Support UWM and LOB Head in development and mentoring of junior members of the underwriting team.
- Skills / Competencies
- Technical and analytical skills
- Client & broker relationship management
- Regulatory & compliance awareness
- Problem solving, negotiation & decision making
- Strong interpersonal and leadership skills demonstrating an ability to teach, influence and motivate others
- Strong written and verbal communication skills
- University degree and professional certification desired with suitable underwriting experience
- Knowledge and understanding of rating, coverage and regulations that cover the class of business.
- Extensive experience in an underwriting position.
- Demonstrated competence in maintaining broker/client relationships.
- Experience or demonstrated the aptitude to operate in a leadership / mentoring position within team structure.
Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. Join our talent community to share your preferences directly with Arch's Talent Acquisition team.
Senior Underwriter, Professional Liability in London employer: Arch
At Arch Insurance, we pride ourselves on fostering a collaborative and innovative work culture that empowers our employees to reach their full potential. As a Senior Underwriter in Professional Liability, you will benefit from extensive professional development opportunities, a supportive team environment, and the chance to engage with key stakeholders, all while contributing to meaningful projects that drive progress for our clients and communities.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter, Professional Liability in London
✨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 land you that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with yours. We want you to show up ready to discuss how you can contribute to their mission of enabling possibility!
✨Tip Number 3
Practice your pitch! Be ready to explain your experience and how it relates to the Senior Underwriter role. We suggest rehearsing with a friend or in front of a mirror to boost your confidence before the big day.
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email can go a long way in showing your enthusiasm for the position. We believe that a little gratitude can make a lasting impression.
We think you need these skills to ace Senior Underwriter, Professional Liability in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Underwriter role. Highlight your experience in professional liability underwriting and any relevant skills that match the job description. 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 Achievements:When detailing your experience, focus on specific achievements that demonstrate your technical and analytical skills. We love seeing quantifiable results, so if you've improved processes or built strong client relationships, shout about it!
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, it shows you’re keen to join our team at Arch!
How to prepare for a job interview at Arch
✨Know Your Stuff
Make sure you brush up on your technical and analytical skills related to professional liability underwriting. Familiarise yourself with the latest regulations, coverage options, and pricing models. This will not only help you answer questions confidently but also show that you're genuinely interested in the role.
✨Showcase Your Relationship Skills
Since client and broker relationship management is key, be prepared to discuss your past experiences in maintaining these relationships. Think of specific examples where you successfully navigated challenges or built rapport with clients. This will demonstrate your interpersonal skills and ability to influence others.
✨Prepare for Problem-Solving Questions
Expect to face questions that assess your problem-solving and decision-making abilities. Prepare by thinking of complex business problems you've solved in the past, particularly in underwriting. Use the STAR method (Situation, Task, Action, Result) to structure your answers clearly.
✨Engage with the Interviewers
Remember, interviews are a two-way street! Prepare thoughtful questions about the company culture, team dynamics, and how they support professional development. This shows your enthusiasm for the role and helps you gauge if the company is the right fit for you.
