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For Companies At a Glance
- Tasks: Join a leading insurer to develop a space book of business and manage client relationships.
- Company: Dynamic insurance firm at the forefront of the space sector.
- Benefits: Competitive salary, career growth, and opportunities to work with industry experts.
- Why this job: Be part of an exciting field and make a real impact in the space and defence sector.
- Qualifications: 3+ years in broking or underwriting, strong analytical skills, and established broker relationships.
- Other info: Mentorship opportunities and a chance to shape the future of space insurance.
The predicted salary is between 36000 - 60000 £ per year.
About us
Avencia Consulting are partnered with a leading Insurer based in the City who are looking to hire a Space Underwriter to join.
The role
Reporting to the Head of Space, this role will play a key part in developing a space book of business.
We welcome those who are currently working in insurance within a Space team or someone who has an engineering background and keen to enter the sector.
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
- Minimum of 3 years' experience in a broking, underwriting or currently working in the space and defence sector
- Established networks and strong existing relationships with brokers and clients, and ability to independently manage meetings
- 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
Space Underwriter employer: Avencia Consulting Services
Contact Detail:
Avencia Consulting Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Space Underwriter
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and space sectors. Attend industry events or webinars to meet potential employers and showcase your passion for the role.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of underwriting processes and risk modelling. Be ready to discuss how your experience aligns with the key accountabilities of the Space Underwriter role.
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've used data to make decisions in previous roles. This will demonstrate your ability to interpret pricing models and manage underwriting data effectively.
✨Tip Number 4
Apply through our website! We want to see your application, and it’s the best way to ensure it gets noticed. Plus, you’ll find more resources to help you prepare for the interview process.
We think you need these skills to ace Space Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Space Underwriter role. Highlight your relevant experience in insurance or engineering, and don’t forget to showcase any relationships you've built with brokers and clients.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the space sector and how your skills align with the key accountabilities of the role. Keep it engaging and personal.
Showcase Your Analytical Skills: Since analytical skills are crucial for this role, be sure to mention any experience you have with risk modelling and pricing tools. Give examples of how you've used these skills in past roles to make an impact.
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 to know you better!
How to prepare for a job interview at Avencia Consulting Services
✨Know Your Space
Make sure you brush up on the latest trends and developments in the space insurance sector. Familiarise yourself with key terms, recent news, and any relevant regulatory changes. This will show your genuine interest and help you engage in meaningful conversations during the interview.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples where you've used analytical skills in your previous roles. Whether it's interpreting pricing models or evaluating submissions, be ready to explain your thought process and how it led to successful outcomes. This will demonstrate your capability to handle the responsibilities of the role.
✨Build Rapport with Interviewers
Since relationship management is crucial in this role, practice building rapport with your interviewers. Be personable, ask insightful questions about their experiences, and share relevant anecdotes from your own career. This will help you stand out as someone who can easily connect with brokers and clients.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your decision-making and negotiation skills. Think of situations where you had to make tough calls or negotiate terms. Prepare structured responses using the STAR method (Situation, Task, Action, Result) to clearly articulate your approach and the impact of your decisions.
