At a Glance
- Tasks: Join us to underwrite and manage a portfolio of (re)insurance business in crisis management.
- Company: Avencia Consulting partners with a leading Specialty Insurer focused on Crisis Management.
- Benefits: Enjoy competitive compensation, professional growth opportunities, and a dynamic work environment.
- Why this job: Be part of a crucial team that shapes the future of crisis management and insurance.
- Qualifications: Bachelor's degree in Finance or Mathematics and 5+ years in broking or underwriting required.
- Other info: Opportunity to mentor junior team members and engage with industry leaders.
The predicted salary is between 60000 - 84000 £ per year.
About us Avencia Consulting are partnered with a leading Specialty Insurer who are expanding their Crisis Management function for a Senior Terrorism Underwriter to join. The role Reporting to the Head of Terrorism, 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 the companies 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 growthSkills & experience Bachelor\’s degree, preferably in Finance or Mathematics Minimum of 5 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
Senior Terrorism Underwriter employer: Avencia Consulting Services
Contact Detail:
Avencia Consulting Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Terrorism Underwriter
✨Tip Number 1
Make sure to leverage your existing network of brokers and clients. Reach out to them for insights about the current market trends and any potential opportunities within the specialty insurance sector.
✨Tip Number 2
Stay updated on the latest developments in crisis management and terrorism underwriting. Follow relevant industry news, attend webinars, and participate in forums to enhance your knowledge and demonstrate your commitment to the field.
✨Tip Number 3
Prepare to discuss your analytical skills in detail during the interview. Be ready to provide examples of how you've successfully used risk modeling and pricing tools in your previous roles to make informed underwriting decisions.
✨Tip Number 4
Highlight your experience in mentoring or supervising junior team members. This will show that you not only have the technical skills required but also the leadership qualities that are essential for this senior role.
We think you need these skills to ace Senior Terrorism Underwriter
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Senior Terrorism Underwriter position. Understand the key responsibilities and required skills, as this will help you tailor your application to highlight relevant experiences.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience in broking or underwriting, particularly in crisis management or terrorism-related insurance. Use specific examples to demonstrate your analytical skills and ability to manage client relationships.
Showcase Your Skills: Clearly outline your proficiency in risk modeling and pricing tools, as well as your understanding of the international underwriting marketplace. Mention any relevant certifications or training that support your expertise in these areas.
Personalize Your Application: Address your cover letter to the hiring manager if possible, and express your enthusiasm for the role and the company. Mention how your background aligns with their goals and how you can contribute to their Crisis Management function.
How to prepare for a job interview at Avencia Consulting Services
✨Showcase Your Analytical Skills
As a Senior Terrorism Underwriter, strong analytical skills are crucial. Be prepared to discuss specific examples of how you've used data analysis in your previous roles, especially in evaluating risks and interpreting pricing models.
✨Demonstrate Industry Knowledge
Stay updated on the latest trends and developments in the insurance market, particularly in crisis management and terrorism underwriting. Mention any relevant changes in legislation or market dynamics that could impact the role.
✨Highlight Relationship Management
Since building and maintaining broker and client relationships is key, come ready with examples of how you've successfully managed these relationships in the past. Discuss your approach to networking and maintaining connections.
✨Prepare for Technical Questions
Expect technical questions related to underwriting processes and risk assessment. Brush up on your knowledge of underwriting regulations and be ready to explain how you ensure compliance in your work.