At a Glance
- Tasks: Evaluate insurance risks and drive profitable growth for global energy clients.
- Company: Join Canopius, a leader in the Energy division with a collaborative culture.
- Benefits: Competitive salary, career development, and exposure to diverse energy sectors.
- Other info: Opportunity to work with AI tools and advance your career in underwriting.
- Why this job: Make an impact in the energy sector while developing your skills in a dynamic environment.
- Qualifications: Experience in the Energy market and strong communication skills required.
The predicted salary is between 60000 - 80000 £ per year.
Canopius’ market leading Energy division are looking for a skilled and experienced Upstream Energy Underwriter to take on an underwriting role within the London Natural Resources Team. As an Underwriter you will play a crucial role in driving profitable growth through risk selection of new and renewal business, for a broad portfolio of global energy clients in the Upstream and Midstream sectors from the London office. The Upstream Energy portfolio forms part of the wider Natural Resources Team, with exposure to all areas of the Energy Value Chain, including Downstream, Power & Renewables as well as Minerals, Metals & Mining via the Heavy Industries product line.
Key Responsibilities
- Evaluate insurance risks in accordance with the Business Plan and personal authority to meet business objectives effectively.
- Foster and sustain robust connections with stakeholders, including clients, brokers, and team members, to enhance influence and support business initiatives.
- Establish strategic partnerships aligned with the Business Plan to facilitate the attainment of organizational goals.
- Adhere to the insurance strategy to minimize risk and achieve targets outlined in the business plan.
- Actively engage in shaping and refining strategies, knowledge, and best practices within the team.
- Advocate positively for the department, division, and company brand to effectively leverage brand recognition.
- Ensure compliance with all legal and regulatory standards to fulfil organizational obligations.
- Uphold underwriting guidelines, instructions, and best practices to reduce risk and improve operational efficiency.
- Remain knowledgeable about market dynamics and demonstrate awareness of market cycles to operate effectively.
- Encourage and develop team members.
- Assist with the advancement of AI Tools in process modules to increase efficiencies in the day-to-day capture of underwriting data.
Skills and experience:
- Proven experience in the Energy and London Insurance market with a good understanding of market dynamics.
- Ability to develop business opportunities.
- Contribute to long-term success of the overall business through business planning, organisation and development.
- Confident and good communication skills to collaborate with colleagues and external stakeholders.
- Strong working knowledge of MS Office (Word / Excel / PowerPoint / Power BI).
- Excellent analytical and negotiation skills.
- Proficient in being able to manage single risk aggregate exposures, as well as understanding the joint venture principal in maintaining combined offshore platform aggregates.
- Ability to navigate SQL Impact or equivalent aggregation tool is preferable.
Underwriter – Upstream Energy in London employer: Canopius
Canopius is an excellent employer that fosters a collaborative and innovative work culture, where data governance plays a crucial role in driving the organisation's success. Employees benefit from ongoing professional development opportunities and a supportive environment that encourages growth and learning, particularly in the dynamic insurance sector. Located in a vibrant area, Canopius offers unique advantages such as flexible working arrangements and a commitment to employee well-being.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter – Upstream Energy in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Canopius. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Underwriter – Upstream Energy in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Canopius.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Canopius's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Canopius
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Canopius.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Canopius will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Canopius employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
