At a Glance
- Tasks: Manage underwriting cases and build strong relationships with brokers.
- Company: Dynamic insurance company focused on innovation and collaboration.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Opportunity to grow within a structured and organised team.
- Why this job: Join a team where your decisions directly impact business success and client satisfaction.
- Qualifications: 2+ years in underwriting and strong negotiation skills required.
The predicted salary is between 35000 - 45000 £ per year.
Role Summary and Purpose
To achieve income and profit objectives through the delivery of efficient case underwriting, ensuring that all underwriting decisions align with internal guidelines, appetite and regulatory requirements. Working closely with brokers and internal stakeholders to achieve divisional strategy, financial plan and personal objectives.
Key Tasks and Responsibilities
- Manage own cases (renewal and/or new business), writing within appetite, and underwriting authority.
- Handle referral cases for Underwriters/Apprentices with less experience, whilst adhering to individual authority level.
- Maintain accurate records and documentation of underwriting decisions.
- Adopt and adhere to company and NUH prescribed processes and best practice / standard work.
- Support the Company’s QA procedures by conducting case reviews, when required, to ensure that technical procedures and standards are followed.
- Work towards divisional retention, conversion, rate and loss ratio targets.
- Enhance Arch’s standing and presence nationally by establishing and maintaining strong personal relationships with broking partners.
- Display strong negotiation skills that aide conversion and relationships with all key brokers.
- Maintain and enhance personal knowledge of relevant technical topics.
- Work collaboratively with other parts of the organisation, most notably the UKR regional offices.
Role Requirements and Skills
- At least 2 years' experience in underwriting.
- Being able to negotiate flexibly and appropriately.
- Effective selling skills.
- Strong organisational skills.
- Risk Perception.
- Pricing of risk accordingly.
- Successfully developing effective trading relationships.
- Consistently achieving goals and objectives.
- Experience working across functions / matrix organisation to collaborate and build strong relationships.
- Operational effectiveness and efficiency.
- Clear and effective communication.
Qualifications
- Minimum A level standard preferred.
- Professional Certification – progress towards Cert CII preferred.
Experience
The job holder will ideally have experience in the Commercial Insurance industry, strong interpersonal skills and work in a structured, organised and planned manner.
Underwriter employer: Arch
Contact Detail:
Arch Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter
✨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 negotiation skills. Since you'll be dealing with brokers, practice how you can effectively communicate your underwriting decisions and build strong relationships during mock interviews.
✨Tip Number 3
Showcase your organisational skills! During interviews, share examples of how you've managed your cases efficiently. This will demonstrate your ability to handle both new business and renewals while adhering to guidelines.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriter role. Highlight your experience in underwriting, especially any specific achievements that align with the key tasks and responsibilities mentioned in the job description.
Showcase Your Skills: Don’t forget to showcase your negotiation skills and organisational abilities. Use examples from your past experiences to demonstrate how you've successfully developed trading relationships and achieved goals.
Be Clear and Concise: When writing your application, keep it clear and concise. Avoid jargon and make sure your communication is effective. This reflects the strong communication skills we’re looking for in an Underwriter.
Apply Through Our Website: We encourage you to apply through our website. It’s the best way to ensure your application gets to us directly and allows you to easily track your application status. Plus, we love seeing applications come through our own platform!
How to prepare for a job interview at Arch
✨Know Your Underwriting Basics
Make sure you brush up on your underwriting knowledge before the interview. Understand the key principles of risk assessment and pricing, as well as the specific guidelines and appetite of the company. This will show that you're not just familiar with the role but also genuinely interested in how they operate.
✨Showcase Your Negotiation Skills
Since strong negotiation skills are crucial for this role, prepare examples from your past experiences where you've successfully negotiated terms or built relationships with brokers. Be ready to discuss how you can apply these skills to enhance the company's standing and achieve their objectives.
✨Demonstrate Organisational Skills
Underwriters need to manage multiple cases efficiently. Bring along examples of how you've organised your workload in previous roles. Discuss any tools or methods you use to keep track of your cases and ensure accuracy in documentation, as this will highlight your operational effectiveness.
✨Build Rapport with Interviewers
Establishing strong personal relationships is key in this role. During the interview, focus on building rapport with your interviewers. Ask insightful questions about their experiences and the company culture, showing that you value collaboration and communication within the organisation.