At a Glance
- Tasks: Deliver efficient underwriting services and build strong broker relationships.
- Company: Dynamic insurance company focused on collaboration and innovation.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Opportunity for career growth in a structured and organised setting.
- Why this job: Join a team that enables possibilities and helps clients achieve their goals.
- Qualifications: 5 years' experience in underwriting and strong negotiation skills.
The predicted salary is between 50000 - 60000 £ 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
This role will achieve income and profit objectives through the delivery of an efficient case underwriting service to brokers through regular on-site broker development, supporting the technical management of the regional account in conjunction with the regional strategy, financial plan and personal objectives.
Key Tasks and Responsibilities
- Service Existing Business whilst writing within risk selection, appetite and authority.
- Adherence to the 4 Call Process to maximise opportunities arising.
- Achieve Bottom Line, Top Line and Expense targets by managing and operating to the Key Performer Indicators of the region.
- Enhance Arch's standing and presence locally by establishing and maintaining strong personal relationships with key directors and staff at the Region's most important brokers.
- Display strong negotiation skills that aide conversion and relationships with our key brokers.
- Maintain and enhance personal knowledge of relevant technical issues.
- Contribute to the technical knowledge of the Company by feeding back technical and commercial market intelligence to the Regional Director & wider team.
- Work collaboratively with other parts of the organisation, especially the claims and survey teams, when required.
Role Requirements & Skills
- Ideally at least 5 years' experience in underwriting.
- 2 Year Renewals / Existing Business Underwriting preferred.
- Proven broker relationships.
- Proven Track Record in Underwriting.
- Ability to negotiate flexibly and appropriately.
- Demonstrates a range of influencing and negotiation approaches.
- Risk perception/Risk selection skills.
- Pricing of risk accordingly.
- Successfully developing effective trading relationships.
- Consistent achieving of goals and objectives.
- Experience working across functions / matrix organisation to collaborate and build strong relationships.
- Operational effectiveness and efficiency.
- Clear and effective communication.
- Minimum A level standard preferred.
- Professional Certification - progress towards ACII preferred.
The job holder will ideally have at least 5 years' experience in the Commercial Insurance industry, strong interpersonal skills and work in a structured, organised and planned manner.
Underwriter employer: Mcneil & 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 an Underwriter, you will benefit from strong professional development opportunities, a supportive team environment, and the chance to build lasting relationships with key brokers in the region. Our commitment to excellence not only drives our business success but also ensures that our employees thrive in a rewarding and dynamic workplace.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter
✨Tip Number 1
Networking is key! Get out there and connect with industry professionals, especially brokers. Attend events, join online forums, and don’t be shy to reach out on LinkedIn. We can help you find opportunities through our website, so keep an eye out!
✨Tip Number 2
Practice your negotiation skills! Role-play scenarios with friends or colleagues to build confidence. Remember, strong negotiation can set you apart in the underwriting world, and we believe in your ability to shine!
✨Tip Number 3
Stay updated on market trends and technical issues. Subscribe to industry newsletters or follow relevant blogs. This knowledge will not only boost your confidence but also impress potential employers when you discuss insights during interviews.
✨Tip Number 4
Don’t forget to showcase your achievements! Prepare a portfolio of your past successes in underwriting and broker relationships. When you apply through our website, make sure to highlight these experiences to stand out from the crowd!
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your underwriting experience and any broker relationships you've built. We want to see how you can contribute to our goals!
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 background aligns with our company culture of collaboration and innovation. Let us know how you can enable possibility!
Showcase Your Achievements:When detailing your experience, focus on specific achievements that demonstrate your ability to meet targets and build relationships. Numbers speak volumes, so if you've improved performance metrics, share those stats with us!
Apply Through Our Website:We encourage you to apply directly through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any updates from our team!
How to prepare for a job interview at Mcneil & Co.
✨Know Your Underwriting Stuff
Make sure you brush up on your underwriting knowledge before the interview. Understand the key principles of risk selection and pricing, as well as any recent trends in the commercial insurance industry. This will show that you're not just experienced but also up-to-date with the latest developments.
✨Build Rapport with Brokers
Since strong broker relationships are crucial for this role, think about how you can demonstrate your interpersonal skills during the interview. Share examples of how you've successfully built and maintained relationships with brokers in the past. This will highlight your ability to enhance Arch's standing locally.
✨Showcase Your Negotiation Skills
Prepare to discuss specific instances where you've had to negotiate effectively. Think about the approaches you used and the outcomes achieved. This will help illustrate your flexibility and effectiveness in negotiations, which is key for this position.
✨Collaborate and Communicate
Emphasise your experience working across functions and your ability to communicate clearly. Be ready to provide examples of how you've collaborated with other teams, like claims or survey teams, to achieve common goals. This will demonstrate your operational effectiveness and teamwork skills.
