Senior UK Energy Underwriter

Title: Senior UK Energy Underwriter

Company: Everest Advisors (UK), Ltd.

Job Category: Underwriting

Job Description: Everest is a leading global Reinsurance and Insurance organisation with extensive product and distribution capabilities, a strong balance sheet and an innovative culture. Throughout our history, Everest has maintained its discipline and focus on creating long term value through Underwriting excellence and strong risk and Capital Management. At Everest, we believe that our future is determined by the actions we take today. Actions that go beyond business strategy and encompass the values important to our employees and the communities in which we operate. Everest’s value commitments include: providing an inclusive work environment that offers employees the opportunity to further their development, supporting our communities through the donation of time and financial resources, maintaining our integrity across all aspects of the group, and being an industry innovator to solve global complex risks.

Core Responsibilities

1. To assist the Head of Energy & Construction, UK to execute the strategic direction and business performance of the Energy & Construction portfolio in accordance with the objectives of the company.
2. The underwriting of Everest Energy & Construction insurance products.
3. Underwrite in compliance with Everest prescribed underwriting standards.
4. Refer as appropriate risks exceeding prescribed underwriting authority.
5. Participate in the underwriting peer review process as required.
6. Monitor and keep abreast of changes in underwriting, regulation and compliance.
7. Liaise with the Risk Engineering team on loss control and risk selection reviews as and when required.
8. Maintain awareness of all claims advices while supporting and providing input on claims settlement.
9. Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention.
10. Ensure all processing and MI is managed to a high standard.
11. Actively participate in the development & execution of the marketing plan, broker & customer relationships, in a manner consistent with the objectives of the business plan.
12. Represent Everest at internal and external meetings with brokers, clients and other customers/stakeholders as required.
13. Business travel as required to support the above objectives, and the appropriate management of T&E expenses.

Desired Skills & Experience

1. Bachelor’s Degree, or comparable Business Degree.
2. Demonstrated underwriting ability and technical competence as evidenced by a minimum of 3-5 years of professional experience.
3. Knowledge across the relevant Energy & Construction products, preferred but not required.
4. Ability to stay organized in a fast paced and high intensity work environment with the ability to effectively prioritize tasks.
5. Working collaboratively in a team environment.
6. Willing to take initiative, function independently and be entrepreneurial with the highest standards of ethics and professionalism.
7. Strong attention to detail.
8. Existing relationships with brokers handling business in the targeted segments.
9. Strong interpersonal skills as well as strong verbal and written communication.
10. Effective negotiation skills with the ability to find “win/win” solutions.
11. Commitment to customer service as a differentiator.
12. Judgement/decision making – ability to use logic, rationale and objectivity in decision making.
13. Risk taking – ability to develop a sound underwriting view to take calculated risks with favorable outcomes.
14. Compliance – ability to understand and ensure compliance with all internal and external management and regulatory controls, with appropriate support.
15. Market and product knowledge – ability to maintain and develop market knowledge including competitor profiles and products.
16. Relationship building – ability to establish and maintain sound relationships both internally and externally.
17. Industry knowledge – understand insurance industry and specific product portfolios to positively impact the underwriting business by improving personal technical and functional knowledge.
18. Analytical Skills – visualize, gather information, articulate, analyze and solve complex problems in order to make key business decisions.
19. A willingness to continually learn.

Values

1. The successful applicant will be required to embrace the Everest Core Values.
2. Collaboration, Thoughtful Assumption of Risk, Execution, Humility and Leadership.
3. Everest Core Values are the foundation upon which we (a) conduct our work, and (b) conduct ourselves both internally with our colleagues, and externally with clients, customers, producers and key third parties.
4. The Company’s success and that of our employees begins with these values. All employees are expected to support and exhibit these values in their interactions with others and through their day-to-day responsibilities.

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Type: Regular

Time Type: Full time

Primary Location: London

Additional Locations:

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