Commercial Underwriter in London

This is an opportunity to join Ascot Group - one of the world’s preeminent specialty risk underwriting organizations.Our underwriting platforms collaborate to find creative ways to deploy our capital in a true cross-product and cross-platform approach. These platforms work as one, deploying our capital creatively through our unique Fusion Model: Client Centric, Risk Centric, Technology Centric.Built to be resilient, Ascot maximizes client financial security while delivering bespoke products and world class service — both pre- and post-claims. To develop, underwrite and manage the Environmental account, delivering sustainable growth and profitability in line with the business unit’s strategic plan and delegated underwriting authority.Detailed Duties:Execute on Ascot’s Environmental go-to-market business plan.Manage the profitability, growth, and retention of the portfolio through execution of individual risk underwriting and adherence to the strategic plan of the business unit. Underwrite and negotiate complex Site Pollution and Contractors Pollution Liability policies to minimize risk and maximize profitability.Monitor premiums, costs and claims ratios per contract and take corrective measures if necessary to ensure long-term profitability at account level.Operate with underwriting integrity by adhering to the Environmental guidelines, with the goal of achieving profitability over top-line growth.Provide meaningful and constructive feedback to regional and home-office management to improve processes, identify efficiencies and be more relevant to the customer.Analyze internally generated and third-party data to improve the underwriter productivity of the group and the broker experience.Ensure compliance with Lloyds licencing requirementsAssist with completion of sanctions checksCompletion of annual compliance trainingCompliance bulletin review and action, where required.Ensure that Downgrade Clauses comply with Ascot’s Down Grade Clause Policy.AdministrationEnsure that the account administration is at all times up to date for relevant class(es), including responding to queries raised by Administrators promptly.Ensure Claims data discrepancies between submission and S2000 are reported.Attendance at monthly Claims meetings.MarketingDevelop and maintain relationships with key brokers within the insurance market.Implementation of new procedures.Experience with monoline Environmental products including Site Pollution and Contractors Pollution liability. Deep knowledge of Environmental insurance products, insurance regulations and the insurance industry.Strong collaborative and critical thinking skills and ability to thrive in a fast-paced, entrepreneurial environment.Proficient in Microsoft Office.