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- Tasks: Assist in underwriting a portfolio of Upstream Energy and Transition business.
- Company: Join a leading Specialty Reinsurer focused on the Energy Transition Industry.
- Benefits: Gain valuable experience in a growing sector with potential for career advancement.
- Why this job: Be part of a dynamic team driving change in renewable energy and sustainability.
- Qualifications: University degree or equivalent insurance qualification; 2-3 years in (re)insurance required.
- Other info: Opportunity to develop relationships and expand your professional network.
The predicted salary is between 36000 - 60000 £ per year.
About us Avencia Consulting are partnered with a leading Specialty Reinsurer based in the City, who are looking to hire an Energy Assistant Underwriter to join. The role This is a great opportunity for those who wants to look to build a career in Energy Transition Industry. We are seeking underwriting professionals currently working in Energy (any lines) or property with a passion for Renewables and Energy Transition. Reporting to the Head of Upstream Energy, the primary purpose of the role is to assist in underwriting a portfolio of Upstream Energy and Transition business. Key accountabilities Participate in the underwriting process including a daily underwriting call, assisting in the evaluation of submissions, analysing and interpreting exposures, determining coverage and contract language as well as evaluating and prioritising preparations. Assist and work with risk modeling and pricing tools. Attend underwriting business meetings as required. Leverage, build and maintain brokers relationships Work closely with other group departments to obtain and provide information as required. Monitor market developments and remain current regarding knowledge of renewables. Ensure accuracy and integrity of underwriting data in group underwriting systems. Maintain and adhere to group underwriting procedures, controls and systems under remit and report any trigger/alert factors that have the potential to negatively impact the reputation or financial position of the firm. Monitor and follow up on payments for outstanding premiums. Provide assistance to prepare and issue quotes, binders and policies on an accurate and timely basis. Expand existing portfolio of business by developing existing relationships and new prospective clients through visits, entertainment and conferences as appropriate. Ensure compliance with internal and external underwriting regulations, liaising as appropriate with external bodies such as brokers, clients, auditors and regulators as required.Skills & experience We are looking for an open minded, trust worth and enthusiastic team player. University degree or an equivalent insurance related qualification (i.e. ACII, CPCU). Minimum of 2-3 years\’ (re)insurance industry experience in either a broking or underwriting capacity Knowledge of Upstream policy forms Willingness to learn new skills and have an ability to develop deeper understanding of complex program structures. Knowledge of actuarial modeling techniques and familiarity AIR pricing tools will be an advantage Strong negotiation skills and proven ability to effectively communicate financial data and information Excellent organisational and analytical skills with an ability to prioritise and effectively manage workload while maintaining a high level of accuracy, professionalism and confidentiality High proficiency in the Microsoft Office Suite of applications, as well as extensive computer experience with spreadsheets and database processing programs Team player with the ability to work flexibly to meet business needs, including extended weekday and weekend hours and business travel where required
Energy Assistant Underwriter employer: Avencia Consulting Services
Contact Detail:
Avencia Consulting Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Energy Assistant Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in the Energy Transition sector. This will not only help you understand the market better but also demonstrate your passion for renewables during interviews.
✨Tip Number 2
Network with professionals in the underwriting and energy sectors. Attend industry conferences or webinars to build relationships with brokers and potential clients, which can be invaluable when applying for this role.
✨Tip Number 3
Brush up on your negotiation skills and financial communication. Being able to effectively convey complex data is crucial in underwriting, so practice articulating your thoughts clearly and confidently.
✨Tip Number 4
Gain hands-on experience with risk modelling and pricing tools, especially AIR pricing tools. Familiarity with these systems will set you apart from other candidates and show your commitment to the role.
We think you need these skills to ace Energy Assistant Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in the energy and insurance sectors. Emphasise any roles where you've participated in underwriting processes or worked with risk modelling and pricing tools.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the Energy Transition Industry. Mention specific experiences that demonstrate your understanding of renewables and your ability to build relationships with brokers.
Highlight Relevant Skills: Clearly outline your skills that match the job description, such as negotiation skills, analytical abilities, and proficiency in Microsoft Office. Provide examples of how you've used these skills in previous roles.
Show Enthusiasm for Learning: Convey your willingness to learn new skills and adapt to complex program structures. Mention any relevant courses or certifications you have completed, such as ACII or CPCU, to show your commitment to professional development.
How to prepare for a job interview at Avencia Consulting Services
✨Show Your Passion for Renewables
Make sure to express your enthusiasm for the Energy Transition Industry during the interview. Discuss any relevant projects or experiences that highlight your commitment to renewables, as this will resonate well with the interviewers.
✨Demonstrate Your Analytical Skills
Be prepared to discuss how you've used analytical skills in previous roles, especially in underwriting or risk assessment. Bring examples of how you evaluated submissions or interpreted exposures, as this is crucial for the role.
✨Familiarise Yourself with Market Developments
Stay updated on the latest trends and developments in the energy sector, particularly in renewables. Being able to discuss current market conditions and their impact on underwriting will show your proactive approach and industry knowledge.
✨Highlight Your Teamwork and Communication Skills
Since the role involves working closely with brokers and other departments, emphasise your ability to collaborate effectively. Share examples of how you've built relationships and communicated complex information clearly in past roles.
