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 a significant impact in the reinsurance industry.
- 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 in London 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. We are committed to providing competitive benefits and fostering a supportive atmosphere that empowers you to excel in your career.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Vice President in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the reinsurance industry, especially those with broker contacts. A friendly chat can lead to opportunities that aren’t even advertised.
✨Tip Number 2
Prepare for interviews by brushing up on your underwriting knowledge and industry trends. We want you to showcase your expertise and how you can bring value to the team!
✨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.
✨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 are proactive about their job search.
We think you need these skills to ace Assistant Vice President in London
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 managed relationships with brokers.
Showcase Your Skills:Don’t forget to highlight your computer skills, especially in MS Excel and any modelling tools you’ve used. We love seeing candidates who are tech-savvy and can handle the systems we use here at StudySmarter.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep everything organised and ensures your application gets the attention it deserves. Good luck!
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 in reinsurance. Be prepared to discuss your experience with treaty submissions and how you've successfully underwritten profitable business in the past.
✨Familiarise Yourself with Industry Trends
Stay updated on the latest trends and developments in the reinsurance market. This will not only show your passion for the industry but also help you engage in meaningful conversations with interviewers about current challenges and opportunities.
✨Showcase Your Communication Skills
Since this role involves liaising with brokers and the claims department, be ready to demonstrate your strong communication skills. Prepare examples of how you've effectively communicated pricing assumptions or collaborated with teams in previous roles.
✨Highlight Your Technical Proficiency
Be sure to mention your proficiency in tools like MS Excel and any experience with RMS or AIR. If you have used in-house modelling tools before, share specific instances where your technical skills made a difference in your work.
