Underwriter (Property)

Arch Insurance; Colchester; On-site; GBP 42,000 - 68,000; Full time

Job summary

Arch Europe Insurance Services Ltd in the United Kingdom seeks an experienced underwriter to achieve income and profit targets by delivering efficient case underwriting in line with internal guidelines and regulatory requirements.

You will work closely with brokers and internal stakeholders to meet divisional strategy, financial plan and personal objectives, while maintaining QA standards and strong relationships across the UK region.

Qualifications

• At least 2 years’ experience in underwriting.
• Ability to negotiate flexibly and appropriately.
• Effective selling and relationship-building skills.
• Strong organisational and communication abilities.
• Understanding of pricing and risk assessment.
• Experience working across functions / matrix organisation.
• Role requires adherence to guidelines and processes.
• Professional certification progress toward Cert CII preferred.
• Commercial insurance knowledge preferred.
• Capability to meet retention, conversion, rate and loss targets.

Responsibilities

• Manage own cases (renewal and/or new business) within appetite.
• Handle referrals for underwriters/apprentices.
• Maintain accurate records of underwriting decisions.
• Support QA procedures and maintain standards.
• Work towards divisional targets for retention, conversion, rate and loss ratio.
• Build relationships with broking partners.
• Collaborate with UKR regional offices.

Skills

Underwriting experience

Negotiation

Selling skills

Organisational skills

Risk perception

Pricing of risk

Trading relationships

Goal achievement

Cross-functional collaboration

Operational efficiency

Communication clarity

Education

A level standard

Cert CII progress 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.

Role Summary and Purpose

To achieve income and profit objectives through the delivery of efficient case underwriting, ensuring that all underwriting decisions align with internal guidelines, appetite and regulatory requirements.

Working closely with brokers and internal stakeholders to achieve divisional strategy, financial plan and personal objectives.

Key Tasks and Responsibilities

• Manage own cases (renewal and/or new business), writing within appetite, and underwriting authority.
• Handle referral cases for Underwriters/Apprentices with less experience, whilst adhering to individual authority level.
• Maintain accurate records and documentation of underwriting decisions.
• Adopt and adhere to company and NUH prescribed processes and best practice / standard work.
• Support the Company’s QA procedures by conducting case reviews, when required, to ensure that technical procedures and standards are followed.
• Work towards divisional retention, conversion, rate and loss ratio targets.
• Enhance Arch’s standing and presence nationally by establishing and maintaining strong personal relationships with broking partners.
• Display strong negotiation skills that aide conversion and relationships with all key brokers.
• Maintain and enhance personal knowledge of relevant technical topics.
• Work collaboratively with other parts of the organisation, most notably the UKR regional offices.
• Maintain and enhance personal knowledge of relevant technical topics.
• Work collaboratively with other parts of the organisation, most notably the UKR regional offices.

Role Requirements & Skills

• At least 2 years' experience in underwriting
• Being able to negotiate flexibly and appropriately
• Effective selling skills
• Strong organisational skills
• Risk Perception
• Pricing of risk accordingly
• Successfully developing effective trading relationships
• Consistently achieving goals and objectives
• Experience working across functions / matrix organisation to collaborate and build strong relationships
• Operational effectiveness and efficiency
• Clear and effective communication

Qualifications

• Minimum A level standard preferred
• Professional Certification – progress towards Cert CII preferred

Experience

The job holder will ideally have experience in the Commercial Insurance industry, strong interpersonal skills and work in a structured, organised and planned manner.

14101 Arch Europe Insurance Services Ltd