Assistant Underwriter - Construction and Engineering in London
Assistant Underwriter - Construction and Engineering

Assistant Underwriter - Construction and Engineering in London

London Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Support the underwriting team with analysis and administrative tasks in the construction and engineering sectors.
  • Company: Join Argenta Group, a leading player in the Lloyd’s market with a global presence.
  • Benefits: Gain valuable experience in a dynamic environment with opportunities for professional growth.
  • Why this job: Be part of a collaborative team making impactful decisions in the insurance industry.
  • Qualifications: STEM background preferred; interest in construction and engineering insurance is a plus.
  • Other info: Embrace a culture of support, creativity, and commitment while building lasting relationships.

The predicted salary is between 36000 - 60000 £ per year.

About Argenta

Argenta Group is headquartered in London and has a presence in Australia, employing over 280 people globally. We are proud of our unique and rich history of trading in the Lloyd’s market, both as a Syndicate and Members’ Agency, and to be part of the Hannover Re Group. Our long-standing workforce are our greatest asset; the expertise and knowledge they bring has resulted in our successful track record and continues to shape our future growth strategy.

About the role

To provide underwriting analysis and administrative support to the underwriting Power Generation team in relation to the areas of underwriting, rating, credit control and reporting. To ensure that the interests of customers are taken into consideration at all times.

Key responsibilities

  • To assist the underwriting team in all administrative and initial risk analysis aspects of the placement of underwriting risks within Syndicate 2121.
  • To prepare risks for rating analysis and carry out pre underwriting initial assessment on submissions and lineslip declarations, as well as agreeing terms with brokers within an agreed underwriting authority, referring upwards as appropriate.
  • Attend external presentations as appropriate, positively presenting Argenta and contributing to team knowledge base.
  • To assist with servicing of the portfolio and the analysis of mid-term policy changes.
  • To receive, review and within agreed underwriting authority sign and process the endorsement flow across the whole book, referring upwards as appropriate.
  • To agree underwriting signing messages from X-Changing Ins-Sure Services Ltd.
  • Assisting with the preparation of management information for reports, presentations and management of lineslips.
  • To undertake general office administration.
  • To liaise with brokers as necessary in relation to outstanding documentation or overdue premium.
  • Undertake any other duties as maybe reasonably required.

Working for a regulated Company, you will be expected to perform your duties to the highest of standards, in accordance with the following Conduct Rules as specified by the FCA:

  • You must act with integrity
  • You must act with due care, skill and diligence
  • You must be open and co-operative with the FCA, PRA and other regulators
  • You must pay due regard to the interests of customers and treat them fairly
  • You must observe proper standards of market conduct.

Skills and experience

  • A good academic, preferably STEM focused background and a sound understanding of the London Market and ideally previous experience within the Construction, Power or Energy insurance industry sectors.
  • LM1 and LM2 completed ideally.
  • Progress to ACII would be an advantage.
  • A sound understanding of the underwriting function and role.
  • An interest in the Construction and Engineering space and a desire to develop understanding and knowledge.
  • A general understanding of Company, PRA, FCA, Lloyd’s and other Regulators’ compliance requirements.
  • Accuracy and attention to detail in all dealings with Syndicate information.
  • Ability to prioritise workload.
  • Capable of developing and maintaining effective relationships at all levels.
  • Competent communication skills, both oral and written.
  • Competency in use of office IT applications including Excel.

Behaviours

These five behaviours sit at the heart of how we work at Argenta:

  • Supporting each other: Treat each other with dignity and respect, valuing our differences, so we can all be ourselves and achieve our goals.
  • Generating creative solutions: We do not settle for things that are not right; we do not walk by, we seek creative solutions.
  • Owning the delivery: We set clear objectives and deadlines; we are accountable and own the delivery end to end, knowing others will too.
  • Being Committed: High performing professionals, recognising the importance of wellbeing and balance in our lives.
  • Building longstanding relationships: Collaboration with our clients and those we work with is key; we work as a team to ensure the best outcomes.

Assistant Underwriter - Construction and Engineering in London employer: Argenta Group

Argenta Group is an exceptional employer, offering a dynamic work environment in the heart of London, where employees are valued as the company's greatest asset. With a strong focus on professional development and a commitment to integrity and collaboration, Argenta fosters a culture that encourages creativity and accountability, ensuring that team members thrive both personally and professionally. The opportunity to work within the Lloyd’s market alongside a diverse and experienced workforce makes Argenta a unique place for those looking to build a rewarding career in the insurance industry.
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Contact Detail:

Argenta Group Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Assistant Underwriter - Construction and Engineering in London

✨Tip Number 1

Network like a pro! Reach out to people in the industry, especially those connected to Argenta. Attend events or webinars related to construction and engineering insurance to make connections that could lead to job opportunities.

✨Tip Number 2

Prepare for interviews by researching Argenta's values and recent projects. Show how your skills align with their mission and how you can contribute to the underwriting team. Be ready to discuss your understanding of the London Market and the specific sectors they operate in.

✨Tip Number 3

Practice your communication skills! Whether it's verbal or written, being able to articulate your thoughts clearly is crucial. Consider mock interviews with friends or mentors to boost your confidence and refine your delivery.

✨Tip Number 4

Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining the Argenta team and are proactive about your job search.

We think you need these skills to ace Assistant Underwriter - Construction and Engineering in London

Underwriting Analysis
Risk Assessment
Rating Analysis
Credit Control
Customer Service Orientation
Relationship Management
Compliance Knowledge
Attention to Detail
Time Management
Communication Skills
Office IT Applications (Excel)
Knowledge of London Market
Understanding of Construction and Engineering Insurance
Team Collaboration
Problem-Solving Skills

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Assistant Underwriter role. Highlight any relevant experience in underwriting, especially within the Construction and Engineering sectors. We want to see how your background aligns with what we do at Argenta!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your skills can contribute to our team. Remember, we love creativity, so don’t be afraid to show your personality!

Showcase Your Skills: In your application, make sure to showcase your communication skills and attention to detail. These are key for the role, especially when liaising with brokers and handling Syndicate information. We need to know you can handle the pressure!

Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy!

How to prepare for a job interview at Argenta Group

✨Know Your Underwriting Basics

Make sure you brush up on your understanding of the underwriting function, especially in the context of construction and engineering. Familiarise yourself with key terms and processes, as well as any relevant regulations from the FCA and PRA. This will show that you're not just interested in the role but also understand its intricacies.

✨Showcase Your Analytical Skills

Since the role involves risk analysis and rating, be prepared to discuss your analytical skills. Bring examples from your academic or professional experience where you've successfully assessed risks or made data-driven decisions. This will demonstrate your capability to handle the responsibilities of the position.

✨Prepare for Relationship Building

Argenta values collaboration and building relationships. Think of instances where you've effectively communicated or worked with others, whether in a team setting or with clients. Be ready to share how you can contribute to maintaining strong relationships with brokers and clients alike.

✨Demonstrate Attention to Detail

Accuracy is crucial in underwriting. During the interview, highlight your attention to detail by discussing specific examples where this skill has been vital in your previous roles or studies. You might even want to mention your proficiency with tools like Excel, which can help in managing and analysing data accurately.

Assistant Underwriter - Construction and Engineering in London
Argenta Group
Location: London

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