Underwriter

Underwriter

Colchester Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Market, underwrite, and service risk insurance products while managing client relationships.
  • Company: Join Arch Europe Insurance Services, a collaborative and innovative company enabling possibilities.
  • Benefits: Enjoy a supportive culture with opportunities for professional growth and development.
  • Why this job: Solve complex problems and work with talented colleagues in a dynamic environment.
  • Qualifications: University degree and 5-8 years of relevant underwriting experience required.
  • Other info: Create a job alert to stay updated on future opportunities at Arch.

The predicted salary is between 36000 - 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℠. **Job Title :**Underwriter P&C existing business**Location:**Colchester Branch**Department:**Regions**Date of version:**23/7/2025**Reports To:**Robyn Davies**HR Contact:** **Role purpose**We are seeking an 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 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 analyses producers and market opportunities.* Maintains ongoing liaison with producers to obtain supplemental underwriting information, evaluate risks, decline risks, analyse 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**Role Requirements*** undefined* Planning and product development* Client relationship management* Technical and analytical skills* Regulatory & compliance awareness* Problem solving, negotiation & decision making* undefined* University degree and professional certification desired with 5-8 years* Working knowledge and understanding of ISO rating and rules.* undefined* Minimum 3 years relevant experience in an underwriting position in the Commercial Insurance Market.* Demonstrated competence in maintaining broker/client relationships. 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 to share your preferences directly with Arch’s Talent Acquisition team.14101 Arch Europe Insurance Services Ltd #J-18808-Ljbffr

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. Located in Colchester, our team enjoys a supportive environment with ample opportunities for professional growth, competitive benefits, and the chance to make a meaningful impact in the insurance industry. Join us to be part of a company that truly values progress and inspires both its clients and employees.
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Contact Detail:

Mcneil & Co. Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Underwriter

✨Tip Number 1

Network with professionals in the insurance industry, especially those who work as underwriters or in related roles. Attend industry events or join online forums to connect with potential colleagues and learn about the latest trends and challenges in underwriting.

✨Tip Number 2

Familiarise yourself with the specific products and services offered by Arch Insurance. Understanding their unique offerings will help you tailor your conversations and demonstrate your genuine interest during interviews.

✨Tip Number 3

Prepare to discuss your experience with risk assessment and pricing strategies in detail. Be ready to provide examples of how you've successfully managed client relationships and navigated complex underwriting scenarios in your previous roles.

✨Tip Number 4

Stay updated on regulatory changes and compliance requirements in the insurance sector. Showing that you are knowledgeable about these aspects can set you apart from other candidates and demonstrate your commitment to the role.

We think you need these skills to ace Underwriter

Risk Assessment
Underwriting Authority
Market Analysis
Client Relationship Management
Pricing Strategies
Regulatory Compliance
Technical and Analytical Skills
Problem Solving
Negotiation Skills
Decision Making
Product Development
Financial Analysis
Communication Skills
ISO Rating Knowledge
Broker Relationship Management

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in underwriting and risk assessment. Use specific examples from your previous roles that demonstrate your ability to manage relationships with agents and brokers.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your skills align with their needs, particularly in client relationship management and problem-solving.

Showcase Relevant Skills: Emphasise your technical and analytical skills in your application. Provide examples of how you've successfully evaluated risks and made decisions in past underwriting positions.

Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in underwriting.

How to prepare for a job interview at Mcneil & Co.

✨Understand the Role

Make sure you thoroughly understand the responsibilities of an Underwriter. Familiarise yourself with risk assessment, pricing exposures, and the importance of maintaining relationships with brokers and clients.

✨Showcase Your Experience

Prepare to discuss your previous underwriting experience in detail. Highlight specific examples where you've successfully managed risks or developed new products, as this will demonstrate your competence in the field.

✨Demonstrate Analytical Skills

Be ready to showcase your technical and analytical skills during the interview. You might be asked to solve a hypothetical underwriting scenario, so practice articulating your thought process clearly.

✨Ask Insightful Questions

Prepare thoughtful questions about the company's culture, their approach to client relationships, and how they handle regulatory compliance. This shows your genuine interest in the role and helps you assess if it's the right fit for you.

Underwriter
Mcneil & Co.
Location: Colchester
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