At a Glance
- Tasks: Join us as an Aviation Assistant Underwriter, managing and analysing (re)insurance portfolios.
- Company: The Fidelis Partnership is a top-tier specialty insurance business with 40 years of success.
- Benefits: Enjoy a dynamic work environment with opportunities for growth and development.
- Why this job: Be part of a culture that values innovation, diversity, and making a positive impact.
- Qualifications: 2+ years in broking or underwriting, strong analytical skills, and established broker relationships required.
- Other info: We promote a diverse workplace where every voice matters and contributions are recognised.
The predicted salary is between 36000 - 60000 Β£ per year.
The Fidelis Partnership is a leading specialty, bespoke and (re)insurance business. We have built our name on a 40-year track record of outperformance, and we continue to beat the market in our underwriting and returns. More information on The Fidelis Partnership can be found at.
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.
Role Overview
The primary focus of this role is 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 Fidelisβ interests are properly managed and protected.
Role Responsibilities
- Participate in the underwriting process, evaluation, and presentation of submissions, analysing and interpreting exposures, determining coverage and contract language.
- Working cross class, Airline, Hull War, Contingent All Risks, Contingent War, Aerospace & General Aviation.
- 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.
- 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 2 yearsβ experience in a broking or underwriting capacity in the relevant line of business.
- Established networks and strong existing 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.
The Fidelis Partnership Ethos
Our culture is defined by our ethos. It is the foundation of who we are and the core of everything we do.
- Results β We want to be the best at the things we care about, so we focus on profitability over volume, with responsive decision-making and clear prioritised accountability.
- Innovate β We aspire to lead the market in providing the services and products our clients need, and to drive change in the broader impact our industry has on human rights, society, and environmental sustainability.
- Include β We create an environment where employees can bring their whole self to work, with open communication where everyone, irrespective of gender, ethnicity, sexual orientation or background, feels able to contribute ideas and be recognised and rewarded for their contribution.
- Unite β We operate as a team of individual talents that actively seeks to reflect the diversity of the societies in which we operate, giving our business the widest range of inputs and perspectives.
- Respond β We work in a business exposed to sudden shocks and changes β elemental, political, economic and human β so we remain nimble and ready for change.
Diversity, Equality & Inclusion
Our vision is for a workplace culture where differences are valued and where diversity of background, experience and thought are welcomed. We want to create an environment where all employees, regardless of who they are, are given equal opportunities for career progression and enjoy fair reward from their and The Fidelis Partnership successes. This will be driven by a workforce that embraces Diversity and Inclusion at every level, in every department across The Fidelis Partnership.
Aviation Assistant Underwriter employer: The Fidelis Partnership
Contact Detail:
The Fidelis Partnership Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Aviation Assistant Underwriter
β¨Tip Number 1
Familiarise yourself with the aviation and aerospace insurance market. Understanding the specific challenges and trends in this sector will help you engage more effectively during interviews and discussions.
β¨Tip Number 2
Network with professionals in the industry, especially those who work at The Fidelis Partnership or similar companies. Attend industry events or join relevant online forums to build connections that could lead to referrals.
β¨Tip Number 3
Stay updated on regulatory changes and market developments related to aviation insurance. This knowledge will demonstrate your commitment to the field and your ability to adapt to evolving requirements.
β¨Tip Number 4
Prepare to discuss your experience with risk modelling and pricing tools. Be ready to share specific examples of how you've used these skills in previous roles to enhance your candidacy for the Aviation Assistant Underwriter position.
We think you need these skills to ace Aviation Assistant Underwriter
Some tips for your application π«‘
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities and skills required for the Aviation Assistant Underwriter position. Tailor your application to highlight relevant experience in underwriting and broking.
Highlight Relevant Experience: In your CV and cover letter, emphasise your minimum of 2 yearsβ experience in a broking or underwriting capacity. Provide specific examples of how you've successfully managed relationships with brokers and clients.
Showcase Analytical Skills: Demonstrate your analytical skills by discussing your experience with risk modelling and pricing tools. Mention any statistical analyses you have performed and how they contributed to successful underwriting decisions.
Align with Company Ethos: Familiarise yourself with The Fidelis Partnership's ethos and values. In your application, reflect how your personal values align with their focus on results, innovation, inclusion, and diversity. This will show that you are a good cultural fit.
How to prepare for a job interview at The Fidelis Partnership
β¨Understand the Underwriting Process
Make sure you have a solid grasp of the underwriting process, especially in aviation and aerospace. Be prepared to discuss how you would evaluate submissions and determine coverage, as this will show your understanding of the role.
β¨Showcase Your Analytical Skills
Highlight your analytical abilities by discussing specific examples where you've successfully interpreted data or used pricing models. This is crucial for the role, so be ready to demonstrate your expertise in this area.
β¨Build on Your Networking Experience
Since the role involves maintaining broker and client relationships, come prepared with examples of how you've built and leveraged these connections in the past. This will illustrate your ability to manage meetings and foster strong partnerships.
β¨Emphasise Cultural Fit
Familiarise yourself with The Fidelis Partnership's ethos and values. During the interview, express how your personal values align with theirs, particularly around innovation, inclusion, and teamwork, to show that you're a good cultural fit.