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- Tasks: Support senior underwriters in evaluating risks and making data-driven decisions.
- Company: Join a leading London-based MGA in the space insurance sector.
- Benefits: Competitive salary, career growth opportunities, and a dynamic work environment.
- Why this job: Be at the forefront of underwriting operations and shape profitable outcomes.
- Qualifications: 3-5 years in Space Insurance and a degree in finance, mathematics, or business.
- Other info: Engage with brokers and clients while enhancing your analytical and communication skills.
The predicted salary is between 36000 - 60000 £ per year.
This position would ideally suit a Broker who is looking to transition into an Underwriter role or an Underwriter looking to further their career and knowledge. As a Space Assistant Underwriter, you will be at the heart of our underwriting operations, supporting senior underwriters in making strategic, technical, data-driven decisions. From risk evaluation to policy administration, you’ll play a pivotal role in shaping profitable underwriting outcomes while ensuring seamless execution. This is an excellent opportunity to join a London based MGA and be part of one of the World’s largest underwriting intermediaries with ambition to profitably grow the existing Space portfolio.
Key Responsibilities- Underwriting Support: Assist in evaluating new and renewal Space risks in line with company guidelines, ensuring a balanced portfolio.
- Data-Driven Decision-Making: Analyse client submissions, review technical assessments, assess loss history and contribute to pricing discussions.
- Risk Assessment & Compliance: Ensure all underwriting decisions align with underwriting authorities, data management restrictions and regulatory requirements.
- Portfolio Management: Assist in analysing the performance of our Space book, identifying trends, and recommending corrective actions if needed.
- Technical Execution: Accurately enter Space risks into Nexus / Occam record management and accounting systems, ensuring precise data for reporting and analysis.
- Reporting & Analytics: Prepare underwriting reports on cover-holder agreements, helping underwriters assess portfolio performance.
- Broker & Client Engagement: Coordinate with brokers and clients to obtain additional underwriting information, clarify policy terms, and ensure smooth placements.
- Operational Efficiency: Assist in policy construction, issuance, endorsements, declarations, and premium calculations with a focus on accuracy and timeliness.
- Market Awareness: Conduct research on market trends, pricing strategies, and competitor activities to support business development initiatives.
- Regular Bordereaux production and reporting.
- Monthly / Quarterly reports to carriers.
- Experience: 3-5 years in Space Insurance.
- Education: A university degree with a finance, mathematics, or business focus is preferred. A CII qualification or equivalent is a plus.
- Technical Skills: Strong numerical proficiency with experience in MS Excel for underwriting analysis and reporting.
- Soft Skills: Sharp analytical mindset – you can spot underwriting patterns and assess risks effectively. Strong communication and negotiation skills – you’re comfortable interacting with brokers and clients. Meticulous attention to detail – ensuring underwriting precision in every transaction.
Space Assistant Underwriter in London employer: Nexus Underwriting
Contact Detail:
Nexus Underwriting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Space Assistant Underwriter in London
✨Tip Number 1
Network like a pro! Reach out to industry contacts, attend events, and engage with professionals on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that Space Assistant Underwriter role.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge and understanding of the Space insurance market. We recommend practising common interview questions and scenarios related to underwriting to show you’re ready to dive in!
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've used data to make decisions or improve processes in your previous roles. We want to see that you can contribute to those data-driven decisions as a Space Assistant Underwriter.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search and eager to join our team.
We think you need these skills to ace Space Assistant Underwriter in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience that match the Space Assistant Underwriter role. Highlight any relevant underwriting or broker experience, and don’t forget to showcase your analytical skills and attention to detail!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about transitioning into this role and how your background in Space Insurance makes you a perfect fit. Keep it concise but impactful!
Show Off Your Technical Skills: Since this role involves a lot of data-driven decision-making, make sure to mention your proficiency in MS Excel and any other relevant technical skills. We want to see how you can contribute to our underwriting operations!
Apply Through Our Website: We encourage you to apply directly through our website for the best chance of getting noticed. It’s super easy, and you’ll be one step closer to joining our team at StudySmarter!
How to prepare for a job interview at Nexus Underwriting
✨Know Your Space Insurance
Make sure you brush up on your knowledge of space insurance before the interview. Understand the key concepts, recent trends, and challenges in the industry. This will not only show your enthusiasm but also help you engage in meaningful discussions with the interviewers.
✨Showcase Your Analytical Skills
Since the role requires a sharp analytical mindset, prepare to discuss specific examples where you've successfully evaluated risks or analysed data. Use metrics or outcomes to illustrate your impact, as this will demonstrate your ability to contribute to data-driven decision-making.
✨Prepare for Technical Questions
Expect questions that test your technical skills, especially around MS Excel and underwriting processes. Brush up on your Excel functions and be ready to explain how you've used them in past roles. This will highlight your readiness for the technical execution aspects of the job.
✨Engage with Brokers and Clients
Since the role involves coordinating with brokers and clients, think of scenarios where you've successfully communicated or negotiated. Be prepared to share how you’ve built relationships and ensured smooth operations in previous positions, as this will showcase your soft skills and fit for the role.
