Assistant Underwriter, Contingency

Arch; Colchester; On-site; GBP 35,000 - 55,000; Full time

Job summary

A leading insurance provider in Colchester is seeking an Underwriter for UK Regional Contingency business. The successful candidate will be responsible for underwriting accounts, maintaining broker relationships, and supporting the wider underwriting team. Strong analytical skills, underwriting experience, and communication abilities are essential. This role offers opportunities for account development and product marketing.

Qualifications

• Experience in underwriting, especially in regional contingency business.
• Strong analytical skills and a solution-oriented mindset.
• Ability to foster relationships with brokers and clients.

Responsibilities

• Underwrite new and renewal business.
• Ensure accurate recording of underwriting information.
• Conduct internal underwriting reviews.
• Market Arch products and maintain broker relationships.

Skills

Underwriting

Broker relationship management

Research and analytical skills

Communication

Excel proficiency

Education

Relevant insurance or financial qualification

Job description

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℠.

Role Purpose:

The primary responsibility is to Underwrite the company’s book of UK Regional Contingency business as well as business placed via the Arch IQ on-line quote and bind system in accordance with Arch Insurance’s written underwriting guidelines and an allocated personal underwriting authority. This will include both on-line and off-line business. The online business is initially transacted via a broker facing quote and bind portal which targets the UKR brokers and provides a secondary option for London Market broker to place smaller business. The successful candidate will be responsible for underwriting large a mix of accounts in the UKR. This will include handling referrals through the Arch IQ portal, working with internal and external stakeholders to widen the geographic scope of the system and look for opportunities to add new products and distribution.

The position will also additionally require the candidate to assume some responsibility for ensuring administrative and support tasks are accurately complied with.

Duties will include reviewing underwriting submissions and referrals, carrying out wording reviews, processing work. The candidate will also be responsible for developing the account, maintaining/fostering good relations with brokers and clients, onboarding brokers, marketing the product to Arch regional offices and attending client meetings where applicable. There is considerable scope of account development and the launch of complimentary coverages and products.

This Role will support the Lead Underwriter Event Insurance – UK Regions and the wider Contingency team where required.

Key Responsibilities:

• Underwriting new and renewal business in accordance with personal underwriting authority and assisting the department underwriters/manager in other underwriting activities.
• Underwriting a balanced & profitable account.
• Ensure accurate recording of underwriting information on the Arch IQ portal and follow the procedures for logging manually created accounts for a clear audit trail.
• Conduct account clearance procedures with other parts of the Corporation for overseas risks, as may be required.
• Undertake internal underwriting reviews of other underwriter’s files as may be directed. Carry out Peer Review and ensure accurate completion and/or review of Peer sheets.
• Undertake Research activities, as directed, for additional underwriting information from the Internet or other external sources.
• Keeping up to speed with socio/economic developments in the territories of insured events.
• Preparation of underwriting exhibits as requested, including excel spreadsheets and/or other underwriting exposure comparison sheets, or work-up related documentation.
• Provide assistance and input in the annual budgeting process, as may be required.
• Preparation and presentation of underwriting data requested by your manager or other members of senior management.
• Acting as an additional underwriting resource which may involve traveling between you contracted office and other UKR offices.
• Attending meetings with the company’s client’s or prospective client’s as may be required. Including travel in UK, Ireland, Continental Europe or USA as may be required.
• Market Arch products and proactively manage broker relationships.
• Providing training & assistance to UKR based colleagues to better understand and cross the product suite.
• Maintenance of appropriate business activity logs to record, submission activity, or premium activity for management reports.
• Assist in the preparation and presentation of underwriting quotation documentation as may be directed.
• Assist in the resolution of outstanding premium receivable issues, as may be directed.
• General duties associated with day to day underwriting operations, including file preparation, general filing, answering telephones etc.
• Stay abreast of industry topics and changes in legislation impacting the line of business.

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. 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 talent community to share your preferences directly with Arch’s Talent Acquisition team.

14101 Arch Europe Insurance Services Ltd