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- Tasks: Join our London team to underwrite Energy Specialty lines and build client relationships.
- Company: Avencia Consulting partners with a leading Underwriter focused on Energy Transition.
- Benefits: Enjoy a dynamic work environment with opportunities for growth and networking.
- Why this job: Be part of the energy transition movement while developing your skills in a supportive team.
- Qualifications: Bachelor's degree and 3 years' experience in underwriting or broking required.
- Other info: Ideal for those passionate about energy and looking to make an impact.
The predicted salary is between 48000 - 72000 £ per year.
Avencia Consulting are recruiting on behalf of a well established Underwriter who are hiring for an Energy Underwriter to join their London team. We are looking for someone with experience in offshore or upstream underwriting/broking experience, with a passion for Energy Transition.
The primary purpose of the role is to assist in underwriting a portfolio of Energy Specialty lines of business.
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.
- 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.
- 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.
- Bachelor's Degree or equivalent and progress towards ACII or other relevant commercial insurance industry designations.
- Minimum of 3 years' experience in a broking or underwriting capacity in the relevant line of business.
- Previous London Insurance Market experience highly desirable.
- Team player with the ability to work flexibly to meet business needs as required.
- Good knowledge of commercial insurance and regulatory requirements.
- 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, 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.
- Basic competency in MS Office applications: Word, Outlook, Excel and Adobe Standard required.
- Excellent written and oral communication skills when dealing with key stakeholders internally and externally.
- Strong interpersonal skills in order to work effectively and professionally with diverse groups.
Energy Underwriter employer: Avencia Consulting Services
Contact Detail:
Avencia Consulting Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Energy Underwriter
✨Tip Number 1
Network actively within the London Insurance Market. Attend industry events, conferences, and seminars related to energy underwriting to meet potential colleagues and clients. Building relationships in person can significantly enhance your chances of landing the job.
✨Tip Number 2
Stay updated on the latest trends in energy transition and regulatory changes. This knowledge will not only help you in interviews but also demonstrate your genuine interest in the field, making you a more attractive candidate.
✨Tip Number 3
Prepare to discuss your analytical skills and experience with risk modelling tools during interviews. Be ready to provide examples of how you've used these skills in previous roles to make informed underwriting decisions.
✨Tip Number 4
Showcase your negotiation skills by preparing case studies or examples where you've successfully attracted new business or retained clients. This will highlight your ability to contribute to the company's growth and align with their goals.
We think you need these skills to ace Energy Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in offshore or upstream underwriting. Emphasise any specific projects or roles that demonstrate your passion for Energy Transition and your analytical skills.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your understanding of the Energy Specialty lines of business and how your background aligns with the key accountabilities outlined in the job description.
Showcase Your Skills: Highlight your proficiency in risk modelling and pricing tools, as well as your ability to build and maintain broker and client relationships. Provide examples of how you've successfully managed meetings and negotiations in the past.
Proofread and Edit: Before submitting your application, carefully proofread your documents for any errors. Ensure that your writing is clear and professional, reflecting your excellent communication skills, which are crucial for this role.
How to prepare for a job interview at Avencia Consulting Services
✨Showcase Your Industry Knowledge
Make sure to demonstrate your understanding of the energy sector, particularly in offshore and upstream underwriting. Be prepared to discuss recent developments in energy transition and how they impact underwriting practices.
✨Highlight Your Analytical Skills
Since the role requires strong analytical abilities, be ready to provide examples of how you've used data analysis in previous roles. Discuss any experience you have with risk modelling and pricing tools, as this will be crucial for the position.
✨Emphasise Relationship Building
The ability to build and maintain relationships is key in this role. Prepare to talk about your experience with brokers and clients, and share specific examples of how you've successfully developed these relationships in the past.
✨Prepare for Regulatory Discussions
Given the importance of compliance in underwriting, brush up on relevant regulations and be ready to discuss how you've ensured compliance in your previous roles. This shows that you understand the regulatory landscape and can navigate it effectively.
