At a Glance
- Tasks: Underwrite complex global energy risks and manage client relationships.
- Company: Leading Lloyd's Syndicate in the heart of London.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity for mentorship and career growth in a collaborative culture.
- Why this job: Join a top-tier team and make an impact in the energy sector.
- Qualifications: Experience in energy underwriting and strong broker connections required.
The predicted salary is between 60750 - 74250 £ per year.
Exclusive Vacancy: (Senior) Underwriter - Energy (Upstream, Midstream, Renewables)
Lloyd's Syndicate
City of London
I am currently partnered with a leading Syndicate who are seeking a (Senior) Underwriter to join their Energy division.
This role will be Underwriting Upstream, Midstream and Renewable Energy risks on a global basis on Syndicate paper.
They have $75m line sizes, and write a mixture of Onshore & Offshore risks.
My client is looking for an established Energy Underwriter, with experience in the above classes from a Syndicate environment & someone with strong broker contacts.
Key Responsibilities
- Underwriting & Portfolio Management
- Underwrite complex global upstream and midstream energy risks in line with underwriting strategy, appetite, guidelines, and individual authority limits.
- Lead renewal negotiations and develop long-term client and account relationships.
- Conduct comprehensive risk reviews, including pricing and rate adequacy analysis, exposure assessment, and day-to-day aggregation management.
- Ensure underwriting decisions, documentation, and administration meet internal standards and relevant market and regulatory requirements.
- Contribute to the development and implementation of underwriting strategy, appetite, portfolio plans, and annual business objectives.
- Monitor portfolio performance and identify opportunities to improve profitability, diversification, and overall portfolio quality.
- Market Engagement
- Build, maintain, and develop strong relationships with brokers, clients, and other key market stakeholders across the Energy sector.
- Represent the business at broker meetings, client visits, market events, and industry forums.
- Support the Head of Energy in developing the team's profile and market reputation across the Lloyd's and London Market.
- Identify new business opportunities that align with the team's underwriting strategy and risk appetite.
- Analytics, Reporting & Research
- Undertake portfolio analysis, market intelligence, and industry research to support informed and commercially sound underwriting decisions.
- Produce regular and ad-hoc management information, portfolio analysis, performance reporting, and regulatory submissions as required.
- Support the preparation and presentation of materials for reinsurance renewals and other portfolio reviews.
- Work closely with Actuarial, Claims, Loss Modelling, Wordings, and other technical specialists to support a comprehensive approach to portfolio management.
- Use data and market insight to identify emerging risks, trends, and opportunities within the upstream and midstream Energy sector.
- Leadership, Coaching & Collaboration
- Mentor and support junior underwriters, contributing to their technical and professional development.
- Share knowledge and best practice across the Energy team and contribute to relevant training initiatives.
- Lead by example, demonstrating professionalism, integrity, sound judgement, and a commitment to high performance.
- Promote effective collaboration across underwriting and wider business functions, including Claims, Wordings, Loss Modelling, and Actuarial.
- Contribute positively to the development of a high-performing and collaborative team culture.
- #J-18808-Ljbffr
(Senior) Underwriter - Upstream/Midstream Energy employer: HFG
Join a dynamic and innovative team at a leading Lloyd's insurer, where your expertise as a Senior Capital Actuary will not only be valued but will also play a crucial role in shaping the future of the business. With a strong emphasis on collaboration and professional development, you'll have the opportunity to influence key decisions while working in a supportive environment that fosters growth and encourages you to make a real impact. Enjoy a flexible work arrangement with 1-2 days in the office, allowing for a healthy work-life balance in a vibrant location.
StudySmarter Expert Advice🤫
We think this is how you could land (Senior) Underwriter - Upstream/Midstream Energy
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like HFG). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like HFG. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace (Senior) Underwriter - Upstream/Midstream Energy
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at HFG.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at HFG. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at HFG
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at HFG to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at HFG, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding HFG's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
