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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 career 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.
About us 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 role Reporting to the Head of 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.
Skills & experience
- 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: CV-Library
Contact Detail:
CV-Library 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 employers and build relationships with brokers and clients.
✨Tip Number 2
Stay updated on the latest trends in energy transition and regulatory changes. This knowledge will not only enhance your conversations with stakeholders but also demonstrate your commitment to the field during interviews.
✨Tip Number 3
Consider reaching out to current or former employees of the company you're applying to. They can provide valuable insights into the company culture and expectations, which can help you tailor your approach.
✨Tip Number 4
Prepare to discuss specific examples from your past experience that showcase your analytical skills and ability to manage client relationships. Being able to articulate these experiences clearly will set you apart during the interview process.
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, explain why you are interested in the Energy Underwriter position. Mention your understanding of the energy market and how your background aligns with the key accountabilities outlined in the job description.
Highlight Relevant Skills: Clearly outline your skills related to risk modelling, pricing tools, and compliance with underwriting regulations. Use specific examples to illustrate your proficiency in these areas.
Showcase Your Networking Abilities: Discuss your established networks and relationships with brokers and clients. Provide examples of how you've successfully managed meetings and built professional relationships in your previous roles.
How to prepare for a job interview at CV-Library
✨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 for this role. Share specific examples of how you've successfully developed client or broker relationships in the past, and how you plan to expand the existing portfolio.
✨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 will show that you understand the regulatory landscape and can navigate it effectively.
