At a Glance
- Tasks: Assess risks, price exposures, and manage policies in a dynamic underwriting role.
- Company: Join a collaborative and innovative insurance company that empowers progress.
- Benefits: Full-time position with competitive salary and opportunities for professional growth.
- Other info: Engage with diverse teams and enjoy excellent career development opportunities.
- Why this job: Make a real impact by enabling clients to achieve their goals through expert underwriting.
- Qualifications: University degree and experience in Professional Liability underwriting required.
The predicted salary is between 50000 - 65000 € 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).
Underwriting position within the PI team requires an experienced underwriter in the PI class. Role will support the Line of Business Head in the marketing, underwriting and servicing of business.
Key Responsibilities- Assessment of suitability of risks (renewals and new business), pricing exposures in accordance with approved rating model, discretionary pricing mechanisms, and general business unit guidelines.
- Identify the need for and evaluate additional risk assessment information including Underwriter Representatives’ reports, actuarial and financial reports and statements; and any / all other publicly available information.
- Source input from, and work in conjunction with stakeholders in other departments including claims, actuarial, and operations.
- Maintain 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.
- Oversee risks through the life-cycle of a policy: pre-renewal, renewal, ongoing management. Provide best in class service to internal and external stakeholders.
- Perform marketing activities including maintenance of key producer and client relationships. Regularly meet with clients formally and informally. Keep up to date pertinent market developments.
- Implement ceded reinsurance actions in accordance with Arch Insurance and business unit guidelines.
- Support LOB Head in development and implementation of business planning, data analysis, management and Lloyd’s reporting.
- Technical and analytical skills
- Client & broker relationship management
- Regulatory & compliance awareness
- Problem solving, negotiation & decision making
- Strong interpersonal and leadership skills demonstrating an ability to teach, influence and motivate others
- Strong written and verbal communication skills
- University degree and professional certification desired with suitable underwriting experience
- Knowledge and understanding of rating, coverage and regulations that cover the class of business.
- Experience in a PI underwriting position
- Demonstrated competence in maintaining broker/client relationships.
Underwriter, Professional Liability employer: Mcneil & Co.
At Arch Insurance, we pride ourselves on fostering a collaborative and innovative work culture that empowers our employees to reach their full potential. With a strong focus on professional development and a commitment to providing exceptional service, our Underwriters in London, Colchester, Manchester, and Birmingham enjoy unique opportunities for growth and engagement within a supportive team environment. Join us to be part of a company that not only values your expertise but also inspires you to make a meaningful impact in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter, Professional Liability
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, or even hit up LinkedIn. The more you engage, the better your chances of landing that underwriter gig.
✨Show Off Your Skills
When you get the chance to chat with potential employers, don’t hold back! Highlight your technical and analytical skills, and share examples of how you've successfully managed client relationships in the past.
✨Ask Questions
During interviews or networking chats, ask insightful questions about the company and the role. This shows you're genuinely interested and helps you stand out from the crowd.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets noticed and shows you’re serious about joining our team.
We think you need these skills to ace Underwriter, Professional Liability
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriter, Professional Liability role. Highlight your relevant experience and skills that match the job description. We want to see how you can bring your expertise to our team!
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 makes you a great fit for us. Keep it concise but impactful – we love a good story!
Showcase Your Skills:Don’t forget to highlight your technical and analytical skills in your application. Mention any experience with risk assessment and client relationship management, as these are key for the role. We’re looking for someone who can hit the ground running!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. Plus, it’s super easy – just a few clicks and you’re done!
How to prepare for a job interview at Mcneil & Co.
✨Know Your Stuff
Make sure you brush up on your knowledge of professional liability underwriting. Understand the key responsibilities and skills mentioned in the job description, like risk assessment and pricing exposures. Being able to discuss these topics confidently will show that you're serious about the role.
✨Showcase Your Experience
Prepare specific examples from your past experience that highlight your technical and analytical skills. Think about times when you've successfully managed client relationships or navigated complex underwriting scenarios. This will help demonstrate your competence and fit for the position.
✨Ask Smart Questions
Come prepared with insightful questions about the company culture, team dynamics, and the specific challenges faced by the PI team. This not only shows your interest but also gives you a chance to assess if the company aligns with your values and career goals.
✨Practice Your Communication Skills
Since strong written and verbal communication skills are crucial for this role, practice articulating your thoughts clearly and concisely. You might even want to do a mock interview with a friend to get comfortable discussing your qualifications and experiences.
