At a Glance
- Tasks: Underwrite new and renewal treaty business while collaborating with brokers and internal teams.
- Company: Leading reinsurance firm with a focus on innovation and growth.
- Benefits: Attractive salary, comprehensive benefits, and opportunities for professional development.
- Other info: Fast-paced environment with excellent career advancement potential.
- Why this job: Join a dynamic team and make an impact in the international reinsurance market.
- Qualifications: 10+ years of reinsurance underwriting experience and strong communication skills.
The predicted salary is between 80000 - 100000 £ per year.
This position will be responsible for underwriting profitable new and renewal treaty business. To support the account SVP in protecting the existing account and aiding with development of new opportunities in International and London Market business.
Duties and Responsibilities
- Underwrite new and renewal treaty submissions in compliance with underwriting guidelines, systems and procedures.
- Responsible for pricing and modeling accounts via in-house modeling tools.
- Responsible for communicating pricing assumptions with internal actuaries during peer review process.
- Meet with key brokers regularly to discuss production, service and other topics related to the department.
- Liaise with the claims department on any specific claims activity.
- Process contracts in TIRS (Reinsurance) system.
- Input and manage all aspects of the portal and public folders, for the portfolio being worked on.
- Establish and maintain files in accordance with procedure; and ensure all information is saved and named properly.
- Stay current with respect to major industry trends, issues and development.
- Other ad hoc duties as assigned.
Qualifications
- Minimum 10 years + of primary and/or treaty reinsurance underwriting experience.
- Established expertise in the portfolio lines of business, broker contacts and ability to generate new relationships with brokers and cedants.
- Contract wording and expertise and an understanding of actuarial pricing techniques are beneficial.
- Proficient computer skills, especially in MS Excel, Word, Power Point (RMS & AIR experience a plus).
- Strong communication and writing skills.
- Ability to multitask, work independently and problem solve.
- Must be highly organized, accurate and detail oriented.
Assistant Vice President employer: Allied World
As an Assistant Vice President in our dynamic reinsurance team, you will thrive in a collaborative and innovative work culture that prioritises professional growth and development. Our London office offers a vibrant environment where you can engage with industry leaders, enhance your underwriting expertise, and contribute to meaningful projects that shape the future of marine reinsurance. With competitive benefits and a commitment to employee well-being, we are dedicated to fostering a workplace where your contributions are valued and recognised.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Vice President
✨Tip Number 1
Network like a pro! Reach out to your connections in the reinsurance industry, especially those who know the ins and outs of marine underwriting. A friendly chat can lead to opportunities that aren’t even advertised.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of current industry trends and issues. We want you to impress with your insights on the London Market and how you can contribute to profitable treaty business.
✨Tip Number 3
Showcase your skills! Bring examples of your past underwriting successes to the table. Whether it’s a tricky pricing model or a successful broker relationship, we love to see how you’ve made an impact.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always looking for talented individuals like you to join our team.
We think you need these skills to ace Assistant Vice President
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Assistant Vice President role. Highlight your reinsurance underwriting experience and any relevant skills that match the job description. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this position. Share specific examples of your experience in underwriting and how you've successfully built relationships with brokers. We love a good story!
Showcase Your Skills:Don’t forget to highlight your computer skills, especially in MS Excel and other relevant tools. If you have experience with RMS or AIR, make sure to mention it! We’re looking for someone who can hit the ground running.
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s super easy and ensures your application goes directly to us. We can’t wait to see what you bring to the table!
How to prepare for a job interview at Allied World
✨Know Your Underwriting Inside Out
Make sure you brush up on your underwriting knowledge, especially regarding treaty submissions. Be prepared to discuss your experience with pricing and modelling accounts, as well as how you've navigated compliance with underwriting guidelines in the past.
✨Showcase Your Broker Relationships
Since this role involves liaising with brokers, come ready to talk about your existing relationships. Share specific examples of how you've developed new connections and maintained strong partnerships in the reinsurance sector.
✨Demonstrate Your Technical Skills
Familiarise yourself with the tools mentioned in the job description, like MS Excel and any modelling software. If you have experience with RMS or AIR, be sure to highlight that. You might even want to prepare a quick example of how you've used these tools effectively in your previous roles.
✨Stay Current with Industry Trends
Research recent developments in the reinsurance market, particularly in marine underwriting. Being able to discuss current trends and how they might impact the business will show your passion for the industry and your proactive approach to staying informed.
