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- Tasks: Assist in underwriting Upstream Energy and Transition business, analyzing data and maintaining records.
- Company: Join a leading Specialty Insurer focused on the Energy Transition Industry.
- Benefits: Gain valuable experience in a growing field with opportunities for career advancement.
- Why this job: Be part of a dynamic team shaping the future of energy while building essential industry skills.
- Qualifications: University degree or equivalent insurance qualification; 2 years' experience in (re)insurance required.
- Other info: Open-minded, enthusiastic team players who are willing to learn will thrive here.
The predicted salary is between 36000 - 60000 £ per year.
About us Avencia Consulting recruiting on behalf of a leading Specialty Insurer who are looking to hire an Energy Assistant Underwriter to look at covering Upstream and Transition. The role This is a great opportunity for those who wants to look to build a career in Energy Transition Industry. Reporting to the Head of Upstream Energy and Transition, the primary purpose of the role is to assist in underwriting a portfolio of Upstream Energy and Transition business. This includes analysing and maintaining the accuracy of all (re)insurance data and records with the ultimate goal of ensuring that company interests are properly managed and protected. Key accountabilities Participate in the underwriting process including a daily underwriting call, assisting in the evaluation of submissions, analysing and interpreting exposures, determining coverage and contract language as well as evaluating and prioritising preparations. Assist and work with risk modeling and pricing tools. Attend underwriting business meetings as required. Leverage, build and maintain brokers relationships Work closely with other group departments to obtain and provide information as required. Monitor market developments and remain current regarding knowledge of renewables. Ensure accuracy and integrity of underwriting data in group underwriting systems. Maintain and adhere to group underwriting procedures, controls and systems under remit and report any trigger/alert factors that have the potential to negatively impact the reputation or financial position of the firm. Monitor and follow up on payments for outstanding premiums. 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. Ensure compliance with internal and external underwriting regulations, liaising as appropriate with external bodies such as brokers, clients, auditors and regulators as required.Skills & experience We are looking for an open minded, trust worth and enthusiastic team player. University degree or an equivalent insurance related qualification (i.e. ACII, CPCU). Minimum of 2 years' (re)insurance industry experience in either a broking or underwriting capacity Knowledge of Upstream policy forms Willingness to learn new skills and have an ability to develop deeper understanding of complex program structures. Knowledge of actuarial modeling techniques and familiarity AIR pricing tools will be an advantage Strong negotiation skills and proven ability to effectively communicate financial data and information Excellent organisational and analytical skills with an ability to prioritise and effectively manage workload while maintaining a high level of accuracy, professionalism and confidentiality High proficiency in the Microsoft Office Suite of applications, as well as extensive computer experience with spreadsheets and database processing programs Team player with the ability to work flexibly to meet business needs, including extended weekday and weekend hours and business travel where required
Assistant Energy Underwriter employer: Avencia Consulting Services
Contact Detail:
Avencia Consulting Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Energy Underwriter
✨Tip Number 1
Familiarize yourself with the latest trends in the Energy Transition industry. This knowledge will not only help you during interviews but also demonstrate your genuine interest in the field.
✨Tip Number 2
Network with professionals in the insurance and energy sectors. Attend industry conferences or webinars to meet potential colleagues and learn more about the underwriting process.
✨Tip Number 3
Brush up on your negotiation skills. Being able to effectively communicate and negotiate is crucial for an Assistant Energy Underwriter, so consider role-playing scenarios with friends or mentors.
✨Tip Number 4
Gain hands-on experience with risk modeling and pricing tools. Familiarity with these tools will set you apart from other candidates and show your commitment to mastering the necessary skills.
We think you need these skills to ace Assistant Energy Underwriter
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Assistant Energy Underwriter position. Understand the key responsibilities and required skills, as this will help you tailor your application to highlight relevant experiences.
Highlight Relevant Experience: In your CV and cover letter, emphasize your previous experience in the (re)insurance industry, particularly any roles related to underwriting or broking. Mention specific projects or tasks that align with the responsibilities outlined in the job description.
Showcase Your Skills: Make sure to showcase your analytical skills, attention to detail, and proficiency with Microsoft Office Suite. If you have experience with actuarial modeling techniques or pricing tools, be sure to mention these as they are advantageous for the role.
Craft a Compelling Cover Letter: Write a personalized cover letter that reflects your enthusiasm for the energy transition industry. Discuss why you are interested in this specific role and how your background makes you a great fit for the company’s goals.
How to prepare for a job interview at Avencia Consulting Services
✨Understand the Energy Transition Landscape
Make sure to familiarize yourself with current trends and developments in the energy transition industry. Being able to discuss recent advancements or challenges will show your genuine interest and commitment to the field.
✨Demonstrate Analytical Skills
Prepare to showcase your analytical abilities, especially in relation to underwriting processes. Be ready to discuss how you have previously analyzed data or managed records accurately, as this is crucial for the role.
✨Highlight Relationship-Building Experience
Since maintaining broker relationships is key, think of examples where you've successfully built or maintained professional relationships. This could include networking at events or collaborating with colleagues across departments.
✨Showcase Your Technical Proficiency
Be prepared to discuss your experience with risk modeling and pricing tools, particularly any familiarity with AIR pricing tools. Highlight your proficiency in Microsoft Office and any relevant software that supports underwriting tasks.
