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- Tasks: Manage underwriting cases and collaborate with brokers to achieve financial goals.
- Company: Join a collaborative and innovative insurance company that empowers progress.
- Benefits: Full-time role with opportunities for professional growth and development.
- Other info: Dynamic work environment with a focus on collaboration and career advancement.
- Why this job: Make a real impact in the insurance industry while building strong relationships.
- Qualifications: 2 years of underwriting experience and strong negotiation skills.
The predicted salary is between 35000 - 45000 £ 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(SM).
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
Skills / Competencies
- 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 in Essex employer: Mcneil & Co.
Contact Detail:
Mcneil & Co. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter in Essex
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work in underwriting. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your negotiation skills and risk perception. Think of real-life examples where you’ve successfully managed cases or built strong relationships with brokers. We want to see that you can walk the talk!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values. Check out our website for openings at Arch and tailor your approach to show how you can contribute to their culture of collaboration and innovation.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Plus, it shows your enthusiasm for the role and the company. Let’s make sure they remember you!
We think you need these skills to ace Underwriter in Essex
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriter role. Highlight your relevant experience, especially in underwriting and any specific skills mentioned in the job description. We want to see how you fit into our culture of collaboration and expertise!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about underwriting and how your skills align with our goals. Remember, we love innovation, so don’t be afraid to show your personality!
Showcase Your Achievements: When detailing your experience, focus on your achievements rather than just duties. Use numbers and examples to demonstrate how you've met or exceeded targets in previous roles. We’re all about enabling possibility, so let us see how you’ve done that!
Apply Through Our Website: We encourage you to apply directly through our website for the best chance of success. It’s straightforward and ensures your application gets to the right people. Plus, you can easily keep track of your application status!
How to prepare for a job interview at Mcneil & Co.
✨Know Your Underwriting Basics
Make sure you brush up on your underwriting knowledge before the interview. Understand the key principles of risk assessment, pricing, and how to manage cases effectively. This will show that you're not just familiar with the role but also passionate about it.
✨Showcase Your Negotiation Skills
Since negotiation is a big part of the underwriter role, prepare examples from your past experiences where you've successfully negotiated terms or built strong relationships with brokers. Be ready to discuss how you can apply these skills in this new position.
✨Demonstrate Organisational Skills
Underwriters need to juggle multiple cases and maintain accurate records. Bring along examples of how you've managed your workload in the past, perhaps through effective time management or using specific tools to keep track of your tasks.
✨Ask Insightful Questions
Prepare some thoughtful questions about the company's culture, their approach to underwriting, or how they support professional development. This shows that you're genuinely interested in the role and want to ensure it's the right fit for both you and the company.