At a Glance
- Tasks: Underwrite and manage risk insurance products while building strong relationships with agents and clients.
- Company: A collaborative company focused on innovation and enabling potential for clients and communities.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Opportunity for career growth in a dynamic and engaging workplace.
- Why this job: Join a team that empowers you to make impactful decisions in the insurance industry.
- Qualifications: 5-8 years of underwriting experience and strong analytical skills required.
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 analyzes producers and market opportunities.
- Maintains ongoing liaison with producers to obtain supplemental underwriting information, evaluate risks, decline risks, analyze 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: Dormont Manufacturing Co
At Arch Europe Insurance Services Ltd, we pride ourselves on fostering a collaborative and innovative work culture that empowers our employees to reach their full potential. As a Senior Underwriter, you will benefit from extensive professional development opportunities, a supportive team environment, and the chance to make a meaningful impact in the insurance industry. Located in a vibrant area, our company not only values your contributions but also encourages a healthy work-life balance, making it an excellent place to grow your career.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter in Bristol
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Dormont Manufacturing Co). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Dormont Manufacturing Co. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Senior Underwriter in Bristol
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Dormont Manufacturing Co.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Dormont Manufacturing Co. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Dormont Manufacturing Co
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Dormont Manufacturing Co to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Dormont Manufacturing Co, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Dormont Manufacturing Co's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
