At a Glance
- Tasks: Lead business development and engage with marine brokers to drive profitability.
- Company: Join Sompo, a leader in the insurance industry with a focus on innovation.
- Benefits: Enjoy extensive health benefits, retirement plans, and global parental leave.
- Why this job: Make an impact in the marine sector while developing your career in a dynamic environment.
- Qualifications: 5+ years of underwriting experience and strong negotiation skills required.
- Other info: Diverse workplace committed to equal opportunities and professional growth.
The predicted salary is between 36000 - 60000 £ per year.
Are you looking for your next opportunity? Sompo has a unique opportunity for an AVP, Marine Underwriter in our Marine Cargo and Transport & Logistics team in our Specialty business.
Location: This position will be based out of our Manchester/Birmingham office.
What You’ll Be Doing
- Lead external engagement and business development with Marine brokers in the regional marketplace.
- Support the Head of regional marine in developing and evolving our capabilities and proposition in the sector.
- Prioritise and evaluate new and renewal submissions to identify those accounts that provide the greatest opportunity for profit consistent with the business plan and corporate profit objectives.
- Price and analyse coverage, structure and exposures on individual risks.
- Set appropriate terms and conditions per the Company underwriting strategy and guidelines to quote qualified risks.
- Attend client/broker meetings, as applicable.
- Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems and procedures.
- Expand existing portfolio of business by developing existing relationships and new prospective clients.
What You’ll Bring
- Undergraduate, Insurance or advanced degree preferred.
- At least 5 years of underwriting experience.
- Established relationships with specialist marine brokers.
- Strong negotiation skills.
- Proficiency in Microsoft Office Suite (Excel, Word and PowerPoint).
- Excellent communication (both written and verbal) skills.
Our Benefits
- Expansive Health & Wellness Benefits
- Generous Retirement & Savings Plans
- Global Parental Leave & Adoption Assistance
Sompo is an equal opportunity employer committed to a diverse workforce.
AVP, Marine Underwriter in Manchester employer: Sompo
Contact Detail:
Sompo Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land AVP, Marine Underwriter in Manchester
✨Tip Number 1
Network like a pro! Get out there and connect with marine brokers and industry professionals. Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. The more people you know, the better your chances of landing that AVP role!
✨Tip Number 2
Showcase your expertise! When you get the chance to chat with potential employers or brokers, make sure to highlight your underwriting experience and negotiation skills. Share specific examples of how you've successfully managed risks and built relationships in the marine sector.
✨Tip Number 3
Prepare for interviews by researching the company and its marine offerings. Understand their business plan and profit objectives so you can discuss how your skills align with their goals. This shows you're not just interested in any job, but specifically in what they do!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to engage directly with us. Let’s get you that AVP position!
We think you need these skills to ace AVP, Marine Underwriter in Manchester
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the AVP, Marine Underwriter role. Highlight your underwriting experience and any established relationships with marine brokers. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our Marine Cargo and Transport & Logistics team. Share specific examples of your negotiation skills and how you've successfully managed underwriting risks in the past.
Showcase Your Communication Skills: Since excellent communication is key for this role, make sure your written application reflects that. Keep your language clear and professional, but don’t be afraid to let your personality shine through. We love a bit of character!
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’re considered for the role. Plus, it shows us you’re keen on joining our team at Sompo!
How to prepare for a job interview at Sompo
✨Know Your Marine Underwriting Stuff
Make sure you brush up on your marine underwriting knowledge. Understand the latest trends in the industry, key risks, and how to evaluate submissions effectively. This will show that you're not just familiar with the role but genuinely passionate about it.
✨Showcase Your Negotiation Skills
Since strong negotiation skills are a must for this position, prepare examples from your past experiences where you've successfully negotiated terms or built relationships with brokers. Be ready to discuss how you can apply these skills at Sompo.
✨Familiarise Yourself with the Company
Do some homework on Sompo and its values. Understand their approach to marine underwriting and how they differentiate themselves in the market. This will help you align your answers with their corporate objectives during the interview.
✨Prepare Questions for Them
Interviews are a two-way street! Prepare insightful questions about the team dynamics, future projects, or how they measure success in the role. This shows your interest and helps you gauge if the company is the right fit for you.