Underwriter - Energy Transition

About us

Avencia Consulting are recruiting on behalf of a leading Insurer based in the City who are looking to expand their Underwriting function for an Energy Underwriter to join.

The Company currently writes lines of business including; specialty insurance: aviation & aerospace, energy, marine, property, terror & political violence, contingency and other specialty lines; reinsurance: property reinsurance, property retrocession, specialty reinsurance, whole account/multi-class and bespoke.

The role

Reporting to the CUO, the primary purpose of the role is to assist in underwriting a portfolio of Energy Specialty lines of business. The role will focus on analysing and maintaining the accuracy of all (re)insurance submission data, policies, and records with the goal of ensuring that the business 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.
• Assist and work with risk modeling and pricing tools.
• 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.
• Provide assistance to prepare and issue quotes, binders and policies on an accurate and timely basis.
• Expand existing portfolio of business by developing existing relationships and new prospective clients through visits, entertainment and conferences as appropriate.
• 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

• Bachelor's Degree or equivalent and progress towards ACII or other relevant commercial insurance industry designations.
• Minimum of 3 years' experience in a broking or underwriting capacity in the relevant line of business.
• Previous London Insurance Market experience highly desirable.
• Team player with the ability to work flexibly to meet business needs as required.
• Good knowledge of commercial insurance and regulatory requirements.
• Established networks and strong existing relationships with brokers and clients, and ability to independently manage meetings.
• Proficient understanding of the international 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.
• Basic competency in MS Office applications: Word, Outlook, Excel and Adobe Standard required.
• Excellent written and oral communication skills when dealing with key stake holders internally and externally.
• Strong interpersonal skills in order to work effectively and professionally with diverse groups.