Assistant Underwriter in City of London

Assistant Underwriter in City of London

City of London Entry level 30000 - 40000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Assess and analyse reinsurance submissions while building client relationships.
  • Company: Join Aquilano Insurance, a global leader in insurance solutions.
  • Benefits: Gain valuable experience in a supportive environment with growth opportunities.
  • Other info: Dynamic team atmosphere with a focus on professional development.
  • Why this job: Kickstart your career in insurance with hands-on experience and mentorship.
  • Qualifications: Ideal for recent graduates or those with 1-2 years in General Insurance.

The predicted salary is between 30000 - 40000 £ per year.

Aquilano Insurance is a global provider of comprehensive insurance and reinsurance solutions, serving clients with integrity and expertise. Our team is dedicated to building long-lasting client relationships based on trust and personalized attention. With a commitment to professionalism and excellence, Aquilano Insurance continues to make a positive impact in the insurance industry.

We are seeking a detail-oriented and analytical Assistant Underwriter to join our growing International Commercial Property team through defined administrative responsibilities.

The ideal candidate will have 1 – 2 years’ experience in General Insurance; however, a recent graduate or college leaver with strong numerical proficiency and keen to learn would also be considered for the role.

Job description:

  • Assess, analyze, and underwrite treaty and/or facultative reinsurance submissions.
  • Evaluate risk exposures, loss history, and modeling outputs to determine appropriate pricing and terms.
  • Negotiate terms and conditions with brokers and cedants to secure profitable business.
  • Maintain and develop relationships with clients, brokers, and business partners to discuss new transactions.
  • Monitor and manage the performance of assigned accounts and portfolio.
  • Prepare underwriting reports, presentations, and documentation for internal approval processes.
  • Ensure that Underwriting files are complete and accurate.

Skills:

  • Strong analytical and problem-solving skills.
  • Excellent negotiation and communication abilities.
  • High level of attention to detail and accuracy.
  • Strong interpersonal skills with ability to build trust and long-term relationships.
  • Proficiency in MS Office (Excel, Word, PowerPoint); knowledge of underwriting systems is an advantage.
  • Ability to work independently as well as within a team in a fast-paced environment.
  • Strong business acumen and market awareness.

Further competencies:

  • Bachelor's degree in Insurance, Finance, Business, Economics, Actuarial Science, or a related field is an advantage.
  • Professional insurance/reinsurance qualification (e.g., CII, CPCU, ARe), or working towards one, would be beneficial.
  • Experience in insurance/reinsurance underwriting (treaty or facultative) or keen to learn.

Interested applicants are invited to submit a detailed resume with qualifications and working experience to: recruitment@aquilano.com

Assistant Underwriter in City of London employer: Aquilano Insurance

Aquilano Insurance is an exceptional employer, offering a dynamic work environment where integrity and expertise are at the forefront of our operations. Our commitment to employee growth is evident through comprehensive training programmes and opportunities for advancement within the global insurance sector. Located in a vibrant area, we foster a collaborative culture that values trust and long-lasting relationships, making it an ideal place for those seeking meaningful and rewarding careers.
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Contact Detail:

Aquilano Insurance Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Assistant Underwriter in City of London

✨Tip Number 1

Network like a pro! Reach out to people in the insurance industry, especially those who work at Aquilano Insurance. A friendly chat can open doors and give you insights that might just help you land that Assistant Underwriter role.

✨Tip Number 2

Prepare for interviews by brushing up on your analytical skills and understanding of risk assessment. We recommend practising common interview questions related to underwriting and having examples ready to showcase your problem-solving abilities.

✨Tip Number 3

Show off your attention to detail! During interviews or networking events, highlight any experiences where your meticulous nature made a difference. This is key for an Assistant Underwriter, so let them know you’ve got it covered!

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.

We think you need these skills to ace Assistant Underwriter in City of London

Analytical Skills
Problem-Solving Skills
Negotiation Skills
Communication Skills
Attention to Detail
Interpersonal Skills
MS Office Proficiency
Knowledge of Underwriting Systems
Business Acumen
Market Awareness
Ability to Work Independently
Teamwork Skills
Experience in Insurance or Reinsurance Underwriting
Numerical Proficiency

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Assistant Underwriter role. Highlight any relevant experience in General Insurance, even if it's just a project or coursework. We want to see how your skills match what we're looking for!

Show Off Your Skills: Don’t forget to showcase your analytical and problem-solving skills in your application. Use specific examples where you’ve demonstrated these abilities, as they’re key for this role. We love seeing how you think!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Explain why you're interested in the role and how your background makes you a great fit. We appreciate a personal touch, so let your personality come through!

Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications better and ensures you don’t miss out on any important updates from us!

How to prepare for a job interview at Aquilano Insurance

✨Know Your Numbers

As an Assistant Underwriter, you'll need to demonstrate strong numerical proficiency. Brush up on your analytical skills and be prepared to discuss how you've used data in past roles or projects. Show them you can assess risk exposures and evaluate loss history with confidence.

✨Master the Art of Negotiation

Negotiation is key in this role, so think about times when you've successfully negotiated terms or conditions in previous experiences. Prepare examples that highlight your communication abilities and how you built trust with clients or colleagues. This will show you're ready to secure profitable business.

✨Attention to Detail is Crucial

With a focus on accuracy, make sure you emphasise your attention to detail during the interview. Bring examples of how you've maintained thorough documentation or ensured that files were complete in past roles. This will reassure them that you can handle the administrative responsibilities effectively.

✨Show Your Passion for Learning

If you're a recent graduate or new to the industry, express your eagerness to learn and grow within the role. Highlight any relevant coursework or projects that relate to underwriting or insurance. This enthusiasm can set you apart from other candidates and show that you're committed to developing your skills.

Assistant Underwriter in City of London
Aquilano Insurance
Location: City of London

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