At a Glance
- Tasks: Underwrite business, develop strategies, and build client relationships in a collaborative environment.
- Company: Join a forward-thinking company that inspires progress and innovation.
- Benefits: Competitive salary, flexible work options, and opportunities for professional growth.
- Other info: Dynamic workplace with opportunities to solve complex problems alongside talented colleagues.
- Why this job: Be part of a team that enables possibilities and makes a real impact.
- Qualifications: Enthusiastic, detail-oriented individuals with strong communication skills and a proactive mindset.
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℠.
Key Responsibilities:
- Responsible for underwriting business on behalf of the syndicate within the parameters of the Syndicate Business Forecast (SBF) and the Syndicate Underwriting Guidelines (SUG’s).
- Assist the BGL in development of long/short term strategy, and SBF for relevant class of business.
- Assist the 'Head of' in the planning and negotiation of outward reinsurance in accordance with Company corporate standards and SBF.
- Build and maintain good client and broker relationships to access new and renewal business in accordance with our SBF.
- Provide a high quality service to brokers and customers and ensure timely responsiveness to business flow.
- Ensure that the monitoring of underwriting activities, risk controls and compliance checks are in accordance with the SUG’s and Class of Business (COB) Guidelines.
- Ensure that syndicate management reporting requirements, premium income monitoring, Management Information (MI) and Key Performance Indicators (KPI’s) are complied with.
- Ensure that underwriting administration processes including risk recording and Performance Management Data (PMD) rate change information is in accordance with SUG’s.
- Manage and maintain aggregate exposure management/ Realistic Disaster Scenario (RDS’s) within the agreed limits, ensuring that at all times the Exposure Management Team have access to up to date exposure that underwriting staff are effectively managed and trained.
- Participate in committees as requested.
- Working in conjunction with Solvency II guidelines and within given parameters.
Minimum Qualifications, Skills and Experience:
- Enthusiastic, hardworking and driven individual with a focus on providing the best possible service.
- Can demonstrate ability to work in a busy office environment, prioritise and organise workload in order to meet deadlines.
- Able to learn and take on new tasks quickly and use own initiative to explore possibilities before raising queries.
- Demonstrates pride in delivering excellent, quality service and endeavours to exceed to detail in producing high quality output and able to maintain this when under pressure.
- Excellent communication skills with confidence to ask questions to ensure job requirements and underwriting matters are understood.
- Commitment to identify opportunities to increase efficiency and quality of operational support evidenced through previous achievements.
- Proactive, showing initiative when completing tasks by pre-empting issues and proposing solutions for them.
- Confidence in building rapport and trust with a range of internal and external stakeholders.
- Flexible approach to work.
Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.
Underwriter/Senior Underwriter, NACT in London employer: Mcneil & Co.
At Arch Underwriters Europe Limited, we pride ourselves on fostering a collaborative and innovative work culture that empowers our employees to reach their full potential. Located in the vibrant city of London, we offer exceptional growth opportunities, a commitment to professional development, and a supportive environment where your contributions are valued. Join us to be part of a team that not only drives business success but also inspires progress within our communities.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter/Senior Underwriter, NACT in London
✨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 Mcneil & 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 Mcneil & 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 Underwriter/Senior Underwriter, NACT in London
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 Mcneil & Co..
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Mcneil & 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 Mcneil & 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 Mcneil & 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 Mcneil & 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 Mcneil & 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.
