Underwriter

McNeil & Co.; Glasgow; On-site; GBP 65,000 - 95,000; Full time

Job summary

Arch Europe Insurance Services Ltd is seeking an experienced underwriter to manage new and renewal business within personal authority across UK and European markets. You will collaborate with senior underwriters, prepare quotations and premium documents, and ensure accurate data entry in our underwriting systems.

Travel to meet clients may be required. Qualifications include a university degree and ACII preferred; if not held, it should be pursued within three years.

Qualifications

• University degree preferred but not essential.
• ACII preferred; if not held, must be obtained within 3 years.
• Experience in underwriting in London/Lloyds markets is advantageous.

Responsibilities

• Underwrite new and renewal business within personal authority and assist department underwriters.
• Underwrite a balanced and profitable account with accurate recording in Xchanging and other systems.
• Coordinate with London/European offices, travel as required for client meetings.
• Prepare underwriting exhibits, quotations and premium documentation for review by management.
• Support budgeting, reporting and interdepartmental processes to ensure timely submissions.

Skills

Planning & product development

Client relationship management

Technical & analytical skills

Regulatory & compliance awareness

Problem solving & decision making

Education

University degree

ACII (preferred)

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

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you.

14101 Arch Europe Insurance Services Ltd Arch Capital Group Ltd. is a Bermuda-based specialty insurer that provides insurance, reinsurance and mortgage insurance on a worldwide basis. With a 20+-year track record of delivering results and a coveted position on the S&P 500 index, Arch is a great place to grow your career.