At a Glance
- Tasks: Evaluate and maintain insurance policies, ensuring accuracy and compliance.
- Company: Join a diverse and inclusive team at Ryan Specialty in Manchester.
- Benefits: Competitive salary, career growth, and a supportive work environment.
- Other info: Great opportunity for those passionate about risk management and customer service.
- Why this job: Make a real impact in the insurance industry while developing your skills.
- Qualifications: Bachelor’s degree and 6 months of underwriting experience required.
The predicted salary is between 30000 - 40000 £ per year.
Position Summary
The Property and Casualty Underwriting Associate is responsible for ensuring the accuracy of existing policy information for renewals, communicating effectively with clients for information gathering, and supporting the underwriting process through precise documentation.
The role conducts risk assessments and audits for insurance applications, calculates premium and generates reports.
They ensure strict adherence to company policies, industry regulations, and compliance standards in all underwriting activities.
Location
Manchester - UK - Peter
What will your job entail?
Job Responsibilities: • Evaluates and maintains existing policy information to ensure data is current, accurate, and appropriately priced for renewal.
- Responds to client requests and questions, offering information and advice regarding the insurance products & underwriting appetite.
- Communicates with clients to gather necessary information, resolves inquiries, and ensures a smooth underwriting process.
- Prepares and organizes documentation related to underwriting submissions and policy issuance.
- Assesses risks associated with individual insurance applications, considering both standard and substandard criteria.
- Provides support in premium calculations, ensuring accurate application of rates based on underwriting guidelines.
- Builds and maintains reports on underwriting activities, key performance indicators, and relevant metrics.
- Conducts internal and external audits by providing necessary documentation and information related to underwriting activities.
- Ensures adherence to company policies, guidelines, industry regulations, and compliance standards in underwriting activities.
- Collaborates with underwriting teams to relay information, coordinate tasks, and contribute to the overall underwriting process.
- Serves as the key point of contact for customers and agents and delivers excellent customer service by addressing inquiries, resolving issues, and ensuring a positive experience for them.
- Work Experience and
Education
- Bachelor’s degree in Risk Management, Actuarial or Business Administration required.
Any other related discipline or commensurate work experience considered.
- A minimum of 6 months of experience in Property and Casualty Underwriting.
Licenses & Certifications
- Must meet minimum requirements for state P&C and/or surplus line licenses. • Chartered Property Casualty Underwriter (CPCU) is a plus.
- Disclaimer
Ryan Specialty is an Equal Opportunity Employer.
We are committed to building and sustaining a diverse workforce throughout the organization.
Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions.
Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities.
This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.
Property and Casualty Underwriting Associate in Manchester employer: Ryan Specialty
Ryan Specialty is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. Employees benefit from comprehensive training and development opportunities, fostering professional growth while being part of a supportive team that values each member's contributions. With a focus on work-life balance and a commitment to excellence, Ryan Specialty stands out as a rewarding place to build a meaningful career in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Property and Casualty Underwriting Associate in Manchester
✨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 Ryan Specialty). 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 Ryan Specialty. 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 Property and Casualty Underwriting Associate in Manchester
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 Ryan Specialty.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Ryan Specialty. 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 Ryan Specialty
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Ryan Specialty 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 Ryan Specialty, 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 Ryan Specialty'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.
