Weather Underwriter in Slough

Weather Underwriter in Slough

Slough Full-Time 36000 - 60000 £ / year (est.) No home office possible
Atrium

At a Glance

  • Tasks: Join our Weather team to underwrite and analyse bespoke parametric products.
  • Company: Atrium, a historic insurer with a client-first approach.
  • Benefits: Flexible working, commitment to diversity, and professional growth opportunities.
  • Why this job: Make an impact in a dynamic environment while shaping the future of insurance.
  • Qualifications: Experience in underwriting and a degree in a quantitative field required.
  • Other info: Collaborative culture that values your input and encourages personal development.

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

About Atrium

In a world of constant change, you need an insurer who has stood the test of time. Our reputation is built on consistency, expertise, and a client-first approach. We manage Syndicate 609, one of the oldest syndicates at Lloyd’s, with a history going back to the 1930s. Our longevity reflects the strength of our underwriting discipline, the depth of our relationships, and our ability to adapt to the evolving needs of our clients and the wider insurance marketplace.

We’re all in it together at Atrium. We are committed to creating an environment where people learn, grow, and follow what they’re passionate about. Our culture encourages staff to feel confident in making decisions at any stage of their career and do work that makes them proud, knowing they’re playing a valuable role in shaping the success of the business.

Role

We have an exciting new opportunity for an Underwriter to be an integral member of the US-domiciled Weather team, acting as an underwriter and point of contact for internal and external stakeholders in the UK.

Description

  • Underwriting
  • Collaborating with the Weather Team and Actuarial Pricing Team to design and price bespoke parametric products – specifically conventional, custom and convergence non-cat weather structures.
  • New and renewal underwriting (review, analysis, and negotiation).
  • Collaborating with the Weather Team to analyse probability and intensity of triggering events to set premiums, focusing on data-driven, non-traditional underwriting methods.
  • Servicing Lloyd’s brokers.
  • Collaborate with actuaries to develop underwriting standards and criteria.
  • Contribute to loss mitigation and portfolio optimisation efforts.
  • Maintain underwriting databases and ensure data integrity.
  • Distribution
    • Build and maintain relationships with clients and brokers and other key stakeholders / partners / intermediaries.
  • Portfolio Management
    • Contribute to strategy development and execution.
    • Contribute to portfolio management of the account.
    • Ongoing updating portfolio on risk, tracking the impact of elapsed weather on remaining exposures.
    • Regular communication with on-risk parametric performance to internal stakeholders.
  • Controls
    • Creating, reviewing and monitoring controls in own area of responsibility that interact with the financial reporting process or relate to the provision of data that is used in that process.
    • Work with other internal stakeholders to ensure the products and portfolio meet all applicable regulatory compliance.

    Required Skills

    • Previous experience as an Underwriter in the London market.
    • Bachelor’s degree in a quantitative field (e.g., Computer Science, Data Analytics, Mathematics).
    • A strong commercial understanding of underwriting.
    • Able to assimilate into strategic discussions around the structuring and management of portfolios.
    • High attention to detail and problem-solving abilities.
    • Ability to interpret complex data and draw accurate conclusions.
    • Proficiency in Python, R, Excel or other coding language(s) for data modelling.

    Atrium offers all permanent employees the chance to work flexibly through our charter for flexible working - we actively invite applications from candidates requiring any form of flexible working arrangements. Atrium is an Equal Opportunities employer with a strong and passionate commitment to Diversity, Equity, and Inclusion. Atrium actively invites applications from candidates requiring any form of flexible working arrangements. We do not discriminate based upon age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex, sexual orientation, or any other applicable legally protected characteristic. We’re committed to providing reasonable adjustments or accommodations for applicants, so if you need assistance or support during the recruitment process, please get in touch.

    Weather Underwriter in Slough employer: Atrium

    Atrium is an exceptional employer that fosters a collaborative and inclusive work culture, empowering employees to thrive in their careers while contributing to the success of one of the oldest syndicates at Lloyd’s. With a strong commitment to professional development, flexible working arrangements, and a focus on diversity, equity, and inclusion, Atrium provides a supportive environment where underwriters can excel in their roles and make a meaningful impact in the insurance industry.
    Atrium

    Contact Detail:

    Atrium Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Weather Underwriter in Slough

    ✨Tip Number 1

    Network like a pro! Reach out to people in the industry, especially those at Atrium or similar companies. A friendly chat can open doors that a CV just can't.

    ✨Tip Number 2

    Prepare for interviews by brushing up on your technical skills and understanding of the weather underwriting landscape. Show them you know your stuff and can contribute to their team right away!

    ✨Tip Number 3

    Don’t just apply and wait! Follow up on your applications through our website. A little nudge can show your enthusiasm and keep you on their radar.

    ✨Tip Number 4

    Be ready to discuss your problem-solving abilities and how you handle data. Atrium values detail-oriented candidates, so come prepared with examples that showcase your analytical skills.

    We think you need these skills to ace Weather Underwriter in Slough

    Underwriting
    Data Analysis
    Collaboration
    Portfolio Management
    Attention to Detail
    Problem-Solving Skills
    Commercial Understanding of Underwriting
    Data Modelling
    Proficiency in Python
    Proficiency in R
    Proficiency in Excel
    Communication Skills
    Regulatory Compliance

    Some tips for your application 🫡

    Tailor Your CV: Make sure your CV is tailored to the Weather Underwriter role. Highlight relevant experience and skills that match the job description, especially your underwriting experience and any quantitative skills.

    Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a perfect fit for Atrium. Don’t forget to mention your understanding of the London market!

    Showcase Your Data Skills: Since the role involves data-driven decision-making, be sure to showcase your proficiency in Python, R, or Excel. Mention specific projects or experiences where you've used these skills to solve problems or analyse data.

    Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensure it gets the attention it deserves!

    How to prepare for a job interview at Atrium

    ✨Know Your Numbers

    As a Weather Underwriter, you'll be dealing with data all the time. Brush up on your quantitative skills and be ready to discuss how you interpret complex data. Familiarise yourself with key metrics related to weather underwriting and be prepared to explain how you've used data in past roles.

    ✨Understand the Market

    Make sure you have a solid grasp of the London insurance market, especially in relation to weather underwriting. Research Atrium's history and their approach to client relationships. Being able to discuss current trends and challenges in the industry will show that you're genuinely interested and informed.

    ✨Showcase Your Problem-Solving Skills

    Highlight your attention to detail and problem-solving abilities during the interview. Prepare examples from your previous experience where you successfully navigated complex underwriting scenarios or contributed to portfolio management. This will demonstrate your capability to handle the responsibilities of the role.

    ✨Build Rapport

    Since this role involves collaboration with various teams and stakeholders, focus on building rapport during the interview. Practice active listening and engage with your interviewers. Show enthusiasm for teamwork and how you can contribute to a positive working environment at Atrium.

    Weather Underwriter in Slough
    Atrium
    Location: Slough

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