About us

Avencia Consulting are recruiting on behalf of a well known (re)insurer based in the City, who have an opportunity for an Assistant Underwriter to join.

The role

Reporting to the Head of Strategic Underwriting Projects, the primary purpose of the role is to assist in originating, modelling, administering, and underwriting a portfolio of (re)insurance business. This includes analysing and maintaining the accuracy of all (re)insurance submission data, policies, and records with the ultimate goal of ensuring that interests are properly managed and protected.

Key accountabilities

• Participate in the underwriting process, evaluation, and presentation of submissions, analysing and interpreting exposures, determining coverage and contract language.
• Working cross class, predominantly CF and PRI, but may need to work across PF and Structured Credit or other Bespoke lines when needed.
• Assist and work with risk modeling and pricing tools.
• Presentation of risks on the Underwriting Call.
• Originate, leverage, build and maintain broker and client relationships.
• Monitor market developments and remain current regarding knowledge of all relevant classes of business and legislated and regulatory changes / requirements.
• Ensure accuracy and integrity of underwriting data in group underwriting systems.
• Prepare and issue quotes on an accurate and timely basis.
• Supervising and/or mentoring junior members of the team.
• Ensure compliance with internal and external underwriting regulations, liaising as appropriate with external bodies such as brokers, clients, auditors and regulators as required.
• Assist with strategic initiatives as needed to promote business growth.

Skills & experience

• Minimum of two years' experience in a broking or underwriting capacity in the relevant line of business.
• Good networks and relationships with brokers and clients, and ability to independently manage meetings.
• Strong understanding of the underwriting marketplace.
• Excellent analytical skills, with a working knowledge of and ability to interpret the outputs of pricing models, and the statistical skills necessary to perform analyses on first principles.
• Proven negotiator, with demonstrated ability to attract new business and retain clients.