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For Companies At a Glance
- Tasks: Join a high-performing team to underwrite and manage a portfolio of (re)insurance business.
- Company: Leading specialty insurer based in the heart of London.
- Benefits: Competitive salary, growth opportunities, and a dynamic work environment.
- Why this job: Make an impact in the insurance industry while developing your skills and network.
- Qualifications: Bachelor's degree in Finance or Mathematics and 3 years' experience in underwriting.
- Other info: Opportunity to mentor junior team members and engage with industry leaders.
The predicted salary is between 36000 - 60000 £ per year.
About us
Avencia Consulting are recruiting on behalf of a leading specialty Insurer based in the City, who are looking for a Contingency Underwriter to join their London team! This is an excellent opportunity to join a high performing Contingency team with further growth plans in 2026.
The primary purpose of the role is to assist in originating, modelling, administering and underwriting a portfolio of (re)insurance business. This includes analysing and maintaining the accuracy of all (re)insurance submission data, policies, and records with the ultimate goal of ensuring that business interests are properly managed and protected.
Key accountabilities
- Participate in the underwriting process, evaluation and presentation of submissions, analysing and interpreting exposures, determining coverage and contract language
- Assist and work with risk modeling and pricing tools
- Originate, leverage, build and maintain broker and client relationships
- Monitor market developments and remain current regarding knowledge of all relevant classes of business, and legislated and regulatory changes / requirements
- Ensure accuracy and integrity of underwriting data in group underwriting systems
- Prepare and issue quotes on an accurate and timely basis
- Supervising and/or mentoring junior members of the team
- Ensure compliance with internal and external underwriting regulations, liaising as appropriate with external bodies such as brokers, clients, auditors and regulators as required
- Assist with strategic initiatives as needed to promote business growth
Skills & experience
- Bachelor's degree, preferably in Finance or Mathematics
- Minimum of 3 years' experience in a broking or underwriting capacity in the relevant line of business
- Established networks and strong existing relationships with brokers and clients, and ability to independently manage meetings
- Proficient understanding of the International underwriting marketplace
- Excellent analytical skills (testing may be required), with a working knowledge of and ability to interpret the outputs of pricing models, and the statistical skills necessary to perform analyses on first principles
- Proven negotiator, with demonstrated ability to attract new business and retain clients
Contingency Underwriter employer: Avencia Consulting Services
Contact Detail:
Avencia Consulting Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Contingency Underwriter
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, especially brokers and clients. Attend events, join online forums, and don’t be shy to reach out on LinkedIn – you never know who might have the inside scoop on job openings.
✨Tip Number 2
Show off your skills in interviews! Prepare to discuss your analytical abilities and how you've used them in past roles. Bring examples of how you've successfully managed underwriting processes or built strong relationships with clients – this will set you apart from the competition.
✨Tip Number 3
Stay updated on market trends! Make sure you’re aware of the latest developments in the insurance industry. This knowledge will not only help you in interviews but also demonstrate your commitment to the field and your potential value to the team.
✨Tip Number 4
Apply through our website! We make it easy for you to find and apply for the Contingency Underwriter role directly. Plus, it shows you're genuinely interested in joining our team and helps us keep track of your application more efficiently.
We think you need these skills to ace Contingency Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Contingency Underwriter role. Highlight your relevant experience in underwriting and broking, and don’t forget to showcase those analytical skills that are key for this position!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the team. Mention your established networks and how you can leverage them to benefit the company.
Showcase Your Analytical Skills: Since the role requires excellent analytical skills, be sure to include examples of how you've used these in past roles. Whether it's interpreting pricing models or analysing submission data, we want to see your expertise!
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 get you on the path to joining our fantastic team!
How to prepare for a job interview at Avencia Consulting Services
✨Know Your Numbers
As a Contingency Underwriter, you'll need to demonstrate your analytical skills. Brush up on key metrics and data analysis techniques relevant to underwriting. Be prepared to discuss how you've used these skills in past roles to make informed decisions.
✨Build Rapport with Brokers
Since maintaining relationships with brokers is crucial, think of examples where you've successfully built or leveraged these connections. Show that you understand the importance of collaboration and can effectively communicate with stakeholders.
✨Stay Current on Market Trends
Make sure you're up-to-date with the latest developments in the insurance market. Research recent changes in regulations or emerging risks that could impact underwriting. This will show your potential employer that you're proactive and knowledgeable.
✨Prepare for Scenario Questions
Expect to face scenario-based questions during your interview. Practice articulating how you would handle specific underwriting situations, such as evaluating a complex submission or negotiating terms with a client. This will showcase your problem-solving abilities and industry expertise.
