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For Companies At a Glance
- Tasks: Assist in underwriting and managing a portfolio of (re)insurance business.
- Company: Join a well-known (re)insurer based in the City, renowned for its expertise.
- Benefits: Enjoy opportunities for growth, mentorship, and a dynamic work environment.
- Why this job: Be part of a team that shapes the future of insurance while building valuable relationships.
- Qualifications: Minimum two years' experience in broking or underwriting; strong analytical and negotiation skills required.
- Other info: Opportunity to mentor junior team members and engage in strategic initiatives.
The predicted salary is between 36000 - 60000 £ per year.
About us
Avencia Consulting are recruiting on behalf of a well known (re)insurer based in the City, who have an opportunity for an Assistant Underwriter to join.
The role
Reporting to the Head of Strategic Underwriting Projects, 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 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.
- Working cross class, predominantly CF and PRI, but may need to work across PF and Structured Credit or other Bespoke lines when needed.
- Assist and work with risk modeling and pricing tools.
- Presentation of risks on the Underwriting Call.
- 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
- Minimum of two years' experience in a broking or underwriting capacity in the relevant line of business.
- Good networks and relationships with brokers and clients, and ability to independently manage meetings.
- Strong understanding of the 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.
Political Risk Assistant Underwriter employer: Avencia Consulting Services
Contact Detail:
Avencia Consulting Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Political Risk Assistant Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in political risk and insurance. Understanding current events and how they impact the underwriting process will help you stand out during interviews and discussions.
✨Tip Number 2
Network with professionals in the industry, especially those working in underwriting or broking roles. Attend relevant events or webinars to build connections that could lead to referrals or insider information about job openings.
✨Tip Number 3
Brush up on your analytical skills and become proficient in using risk modelling and pricing tools. Being able to demonstrate your technical abilities in these areas can give you a competitive edge.
✨Tip Number 4
Prepare to discuss your experience in managing broker and client relationships. Be ready to share specific examples of how you've successfully navigated negotiations or built partnerships in your previous roles.
We think you need these skills to ace Political Risk Assistant Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description. Understand the key responsibilities and required skills for the Political Risk Assistant Underwriter position to tailor your application accordingly.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in broking or underwriting, particularly in political risk or related fields. Use specific examples to demonstrate your analytical skills and understanding of the underwriting marketplace.
Showcase Your Skills: Make sure to highlight your strong analytical skills and any experience with risk modelling and pricing tools. Mention your ability to interpret statistical outputs and how you have successfully managed client relationships in the past.
Craft a Compelling Cover Letter: Write a tailored cover letter that connects your background to the role. Discuss your motivation for applying and how your skills align with the company's goals, especially in terms of business growth and compliance with regulations.
How to prepare for a job interview at Avencia Consulting Services
✨Know Your Underwriting Basics
Make sure you have a solid understanding of the underwriting process, especially in political risk and credit insurance. Brush up on key concepts, terminology, and recent trends in the market to demonstrate your expertise during the interview.
✨Showcase Analytical Skills
Prepare to discuss your analytical skills and how you've used them in previous roles. Be ready to provide examples of how you've interpreted data or pricing models to make informed decisions, as this is crucial for the role.
✨Build Rapport with Brokers
Since maintaining relationships with brokers and clients is essential, think of ways to highlight your networking abilities. Share experiences where you've successfully built or managed these relationships, showcasing your interpersonal skills.
✨Stay Updated on Market Developments
Research current events and changes in regulations that affect the underwriting landscape. Being able to discuss these topics will show your commitment to staying informed and your proactive approach to the role.
