At a Glance
- Tasks: Analyse and write risks in Conventional Power & Renewable Energy, supporting quotes and client relationships.
- Company: Join MS Amlin, a top global (re)insurance group with over 100 years of experience.
- Benefits: Enjoy competitive salary, performance bonuses, flexible benefits, and enhanced parental leave.
- Why this job: Develop your career in underwriting while making impactful decisions in a dynamic team environment.
- Qualifications: Relevant underwriting experience and strong knowledge of the energy market are essential.
- Other info: Opportunity for continuous learning and volunteering leave to support community engagement.
The predicted salary is between 36000 - 60000 £ per year.
We are seeking an experienced Assistant Underwriter to join our Conventional Power & Renewable Energy team at MS Amlin. As a key member of the underwriting team, you will play a crucial role in making sound underwriting decisions and contributing to the operational delivery of our strategy.
You will be part of the Conventional Power & Renewable Energy team within the Natural Resources division. We write a global portfolio of risks, of varying technology, complexity and size. The role would also provide a solid foundation and opportunity to develop a career in Underwriting.
What you’ll spend your time doing:- Responsible for analysing and writing risks in accordance with the agreed parameters - making sound, profitable long term decisions with a focus on smart rationale underwriting.
- Support quotes, underwriting and service of allocated accounts and operate within agreed authority parameters.
- Ensure risks are analysed and written in accordance with the agreed parameters.
- Develop and maintain strong client and broker relationships, demonstrating a deep understanding of their needs and the market.
- Assist in arranging and attending client meetings to build strong relationships and drive business growth.
- Represent MS Amlin at corporate and networking events, upholding our values and behaviours.
- Track and report developments affecting the business of the class and raise as appropriate, to the Senior Underwriters or Underwriting Management.
- Collaborate with senior underwriters to develop pricing models and ensure accurate risk assessments.
- Liaise with the claims team to keep up-to-date with claims situations and ensure timely resolution.
- Manage queries professionally and efficiently, ensuring excellent customer service.
- Monitor premium payments and liaise with brokers and CRT as necessary.
- Accuracy checking & write up notes as part of UW sign-off.
- Liaise and ensure regional compliance with underwriting management, taking corrective action where necessary.
- Must have relevant underwriting experience in Conventional Power and/or Renewable Underwriting or claims, looking to progress to full Underwriting authority within a short timeframe.
- Established relationships with brokers and strong knowledge of the conventional power and/or renewable energy market.
- Strong problem-solving skills, with the ability to question the status quo and create solutions.
- Diploma in CII and working towards completion of ACII.
- Excellent communication and negotiation skills.
- Sound financial and commercial acumen.
- Strong Excel and numeracy skills.
- Self-motivation & strong organisational skills.
- Competitive Base Salary.
- Performance Related Discretionary Bonus.
- Holiday: 28 days core annual leave, and you can buy up to 5 days.
- Pension: A minimum 2% employee contribution plus 7% MS Amlin contribution (9%) up to a maximum of 5% employee contribution plus 13% MS Amlin contribution (18%).
- Private Medical: cover for yourself. Family members/dependants can be added.
- Flex Fund: £1,000 (pro-rated based on start date) to spend on flexible benefits.
- Life Assurance: 5 x annualised base salary.
- Enhanced Parental Leave (maternity and paternity): 6 months full pay, entitled from day 1.
- Continuous Learning Approach: Including study support with professional qualifications.
- Employer Supported Volunteering: 3 days volunteering leave.
- Annual health screening.
- Give as you earn.
- Cycle to work.
- Season ticket loan.
- Green car scheme.
- Retail discount platform.
About MS Amlin: MS Amlin is a group of leading global (re)insurance companies, and we are part of the global top-10 non-life insurance group MS&AD. We operate through four legal entities operating in the Lloyd's, Continental European, US and Bermudian global (re)insurance markets. This role is in our Lloyd's business which writes a diverse (re)insurance portfolio and specialises in providing insurance coverage to commercial businesses and offering reinsurance protection to other insurance companies around the world.
Assistant Underwriter - Conventional Power & Renewable Energy employer: MS Amlin Ltd
Contact Detail:
MS Amlin Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Underwriter - Conventional Power & Renewable Energy
✨Tip Number 1
Familiarise yourself with the latest trends and developments in the Conventional Power and Renewable Energy sectors. This knowledge will not only help you during interviews but also demonstrate your genuine interest in the field.
✨Tip Number 2
Network with professionals already working in underwriting or related fields. Attend industry events, webinars, or local meetups to build connections that could lead to valuable insights or even referrals for the position.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully analysed risks or managed client relationships in your previous roles. Being able to articulate your experience clearly will set you apart from other candidates.
✨Tip Number 4
Showcase your problem-solving skills by thinking of innovative solutions to common challenges in underwriting. Be ready to share these ideas during your interview to highlight your proactive approach and critical thinking abilities.
We think you need these skills to ace Assistant Underwriter - Conventional Power & Renewable Energy
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant underwriting experience, particularly in Conventional Power and Renewable Energy. Use specific examples to demonstrate your skills in risk analysis and decision-making.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your established relationships with brokers and your understanding of the market, as these are key aspects of the job.
Showcase Problem-Solving Skills: Provide examples in your application that showcase your problem-solving abilities. Discuss situations where you questioned the status quo and created effective solutions, as this aligns with the company's expectations.
Highlight Communication Skills: Since strong communication and negotiation skills are essential for this role, include instances where you've successfully managed client relationships or resolved queries efficiently in your application.
How to prepare for a job interview at MS Amlin Ltd
✨Know Your Underwriting Basics
Make sure you brush up on your knowledge of underwriting principles, especially in the Conventional Power and Renewable Energy sectors. Be prepared to discuss how you would analyse risks and make sound decisions based on the parameters set by the company.
✨Demonstrate Relationship-Building Skills
Since the role involves developing strong client and broker relationships, think of examples from your past experiences where you've successfully built rapport. Highlight your communication and negotiation skills during the interview.
✨Showcase Problem-Solving Abilities
Prepare to discuss specific challenges you've faced in previous roles and how you approached solving them. This will demonstrate your ability to question the status quo and create effective solutions, which is crucial for this position.
✨Familiarise Yourself with MS Amlin's Values
Research MS Amlin's corporate values and culture. Be ready to explain how your personal values align with theirs and how you can contribute to their mission, especially in terms of providing proactive risk solutions.