Underwriter

Arch Insurance (UK) Limited; Glasgow; On-site; GBP 45,000 - 65,000; Full time

Job summary

Arch Insurance (UK) Limited seeks an experienced underwriter to manage new and renewal business within personal authority. You will underwrite balanced, profitable accounts and ensure precise record-keeping in the Xchanging system and other platforms.

Role requires travel between London and other European offices, attending client meetings as needed, and developing broker relationships while supporting budgeting and reporting activities.

Qualifications

• University degree preferred but not essential.
• ACII preferred (if not held, must obtain within 3 years).
• Minimum years of market underwriting experience in London or Lloyds market.

Responsibilities

• Underwrite new and renewal business within personal underwriting authority.
• Underwrite a balanced and profitable account.
• Record underwriting information accurately in Xchanging System and other systems.
• Conduct account clearance with other parts of the Corporation for overseas risks.

Skills

Underwriting

Client relationship management

Technical and analytical skills

Regulatory & compliance awareness

Problem solving, negotiation & decis

Education

University degree

ACII

Tools

Xchanging System

Excel

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.

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 company's Xchanging System and any other Departmental computer systems
• 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
• Enter submissions, quotes and bound policies in our XXX underwriting system.
• Undertake Research activities, as directed, for additional underwriting information from the Internet or other external sources.
• 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 involve traveling between London or other European 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 others in the department.
• 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. Role Requirements Skills / Competencies
• Planning and product development
• Client relationship management
• Technical and analytical skills
• Regulatory & compliance awareness
• Problem solving, negotiation & decision making
• Qualifications
• University degree - preferred but not essential
• ACII - preferred (if candidate does not currently possess such, will be required to obtain within 3 years)
• Experience
• Minimum X years relevant market experience in an underwriting position in the London market and/or Lloyds market