At a Glance
- Tasks: Underwrite new and renewal treaty business while collaborating with brokers and internal teams.
- Company: Join a leading reinsurance firm with a focus on marine insurance.
- Benefits: Attractive salary, comprehensive benefits, and opportunities for professional growth.
- Other info: Dynamic role with a chance to stay ahead of industry trends.
- Why this job: Make a significant impact in the reinsurance industry and develop valuable relationships.
- 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 - Reinsurance Marine employer: Allied World
As an Assistant Vice President in Reinsurance Marine, you will thrive in a dynamic and supportive work environment that prioritises professional growth and development. Our company fosters a culture of collaboration and innovation, offering competitive benefits and opportunities to engage with industry leaders in the International and London Market business. Located in a vibrant area, we provide a unique advantage for networking and career advancement, making us an excellent employer for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Vice President - Reinsurance Marine
✨Tip Number 1
Network like a pro! Reach out to your connections in the reinsurance industry, especially those with ties to 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 trends in the marine reinsurance market. We want you to impress with your insights and show that you're not just another candidate.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview or networking event, drop a quick thank-you email. It keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Assistant Vice President - Reinsurance Marine
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Assistant Vice President – Reinsurance Marine role. Highlight your 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 reinsurance and how you can contribute to our team. Remember, we love a good story!
Showcase Your Skills:Don’t forget to showcase your strong communication and writing skills in your application. We’re looking for someone who can effectively liaise with brokers and internal teams, so make sure to highlight any relevant experiences that demonstrate these abilities.
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. Plus, you’ll get to explore more about StudySmarter while you’re at it!
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 and how you've successfully developed new ones. Share specific examples of how these connections have benefited your previous employers.
✨Demonstrate Your Tech Savvy
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. Showing that you're comfortable with technology will give you an edge.
✨Stay Current with Industry Trends
Research recent developments in the reinsurance marine sector. Being able to discuss current trends and issues during your interview will demonstrate your commitment to the field and your proactive approach to staying informed.
