Senior Property Underwriter

Senior Property Underwriter

Full-Time 56700 - 69300 £ / year (est.) No working from home possible
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At a Glance

  • Tasks: Review and deliver underwriting decisions while mentoring junior staff and enhancing policy documentation.
  • Company: Allied World, a global leader in insurance with a collaborative culture.
  • Benefits: Career coaching, professional development, and access to a global network of colleagues.
  • Other info: Diverse workplace with opportunities for growth and a supportive environment.
  • Why this job: Join a dynamic team and make impactful decisions in the insurance industry.
  • Qualifications: 5-10 years of property underwriting experience and strong communication skills.

The predicted salary is between 56700 - 69300 £ per year.

Take the next step in your career with us.

Allied World is an ideal place for talented professionals who are driven by a belief in the value of collaboration and the power of knowledge.

We believe that when our great people work together and support one another, our clients receive the best solutions.

We embrace unique perspectives and empower each person to grow through professional development, career training and mentoring programs.

Our people are our most important asset, and we are very proud of the quality of our team members.

Duties and Responsibilities

  • Reviewing allocated cases and delivering underwriting decisions, following agreed processes at the designated authority level, to secure profitable business within the agreed risk appetite.
  • Be a referral point for junior staff members and contribute to peer review processes as required to support and enable the maintenance of an effective control environment.
  • Providing advice and guidance to the production of new policy wordings or reviews of existing policy wordings to ensure policy documentation is current and accurate.
  • Identifying, recommending and leading or contributing to the development and exploitation of marketing activities and product development initiatives to increase penetration of existing customers and/or expand the business mix.
  • Travel within allocated geographical remit as required.
  • Proactively identifying and pursuing up-selling (add-ons) and cross-selling opportunities to maximize profitable revenue potential from new and renewal business and achieve agreed business targets.
  • Managing customer interactions in an efficient, courteous and timely manner in order to deliver high standards of customer satisfaction.
  • Providing expert advice, guidance and coaching to less qualified and/or experienced colleagues to address technical referrals and raise standards and expertise across the technical community.
  • Seek input from Actuarial Department to price specific accounts when appropriate.
  • Liaise with Claims Department on any specific claims activity and overall market claims concerns which could potentially affect profitability.
  • Stay current with respect to major industry issues and developments.
  • Help maintain low levels of aged debt through accurate and clear record keeping, liaising regularly with the Accounts Receivable team to resolve queries promptly.
  • Carry out regular and ad hoc reporting as required.
  • Other duties as may be assigned.

Requirements

  • 5-10 years experience underwriting major Property accounts in the London market.
  • Strong marketing, negotiation and presentation skills.
  • Excellent knowledge and understanding of standard market policy and endorsement wordings.
  • Professional Insurance Designation such as ACII/ FCII desirable.
  • Organization skills and the ability to prioritize work.
  • Excellent interpersonal skills, analytical skills and the ability to work within a team.
  • Strong verbal and written communication.
  • Excellent MS Office skills in particular Excel skills.
  • Working at Allied World

Our team of over 1,650 professionals has deep expertise in the industry. They enjoy their work, and many have served for several years.

This is what you can expect when you join us

  • Instant membership in the Allied World - a global network of colleagues who will support your career journey
  • A manager who will help you build your career through a structured coaching program
  • Access to a full suite of learning and development tools and resources
  • Global Presence

Headquartered in Bermuda, Allied World has offices in Atlanta, Boston, Brisbane, Chicago, Costa Mesa, Dallas, Dublin, Farmington (CT), Hong Kong, Houston, London, Los Angeles, Malaysia, Manchester, Miami, Nashville, New Jersey, New York, Philadelphia, San Francisco, Singapore, Sydney, Switzerland and Toronto.

Allied work is an equal opportunity employer.

Subject to applicable law, all qualified applicants will be considered for employment without regard to race, color, religions or belief, gender, age, disability, military service, marital or civil partnership status, family status, sexual orientation, ethnic or national origin, genetic information or any other characteristic protected by applicable law or regulation in the relevant jurisdiction where we operate.

To learn more, visit awac. com, or follow us on Facebook and Linked In.

Take the next step in your career with us.

Allied World is the perfect spot for driven professionals who thrive on collaboration and knowledge.

We believe that when our talented team members work together, our clients get the best results.

We celebrate diverse perspectives and offer growth opportunities through training, mentoring, and career development.

Our people are our greatest asset, and we're proud of our exceptional team.

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Senior Property Underwriter employer: ELO Allied World Assurance Company (Europe) dac (UK Branch)

Allied World is an exceptional employer, offering a dynamic work environment where experienced professionals can thrive. With a strong focus on employee development and collaboration, you will have the opportunity to mentor junior team members while engaging in meaningful projects that drive growth in the London market. Our supportive culture, combined with competitive benefits and opportunities for professional advancement, makes Allied World a rewarding place to build your career.

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Contact Details:

ELO Allied World Assurance Company (Europe) dac (UK Branch) Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Senior Property Underwriter

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 ELO Allied World Assurance Company (Europe) dac (UK Branch)). 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 ELO Allied World Assurance Company (Europe) dac (UK Branch). 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 Property Underwriter

Underwriting Major Property Accounts
Marketing Skills
Negotiation Skills
Presentation Skills
Knowledge of Market Policy and Endorsement Wordings
Professional Insurance Designation (ACII/FCII)
Organisational Skills

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 ELO Allied World Assurance Company (Europe) dac (UK Branch).

Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at ELO Allied World Assurance Company (Europe) dac (UK Branch). 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 ELO Allied World Assurance Company (Europe) dac (UK Branch)

Know Your Numbers: Insurance Fundamentals

Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at ELO Allied World Assurance Company (Europe) dac (UK Branch) 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 ELO Allied World Assurance Company (Europe) dac (UK Branch), 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 ELO Allied World Assurance Company (Europe) dac (UK Branch)'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.