Underwriting Assistant – Energy, Power and Renewables in London
Underwriting Assistant – Energy, Power and Renewables

Underwriting Assistant – Energy, Power and Renewables in London

London Full-Time 30000 - 42000 £ / year (est.) No home office possible
Specialty MGA UK

At a Glance

  • Tasks: Support underwriting by analysing complex global risks and developing bespoke insurance solutions.
  • Company: Join a dynamic, innovative MGA in the energy, power, and renewables sector.
  • Benefits: Full-time role with excellent career progression and mentorship opportunities.
  • Why this job: Kickstart your career in insurance with hands-on experience and a collaborative team.
  • Qualifications: Bachelor's degree and strong analytical skills required.
  • Other info: Work in a supportive environment with opportunities to learn and grow.

The predicted salary is between 30000 - 42000 £ per year.

Specialty MGA provides bespoke insurance and reinsurance solutions backed by rated securities. From its team of highly skilled market-leading underwriters with experience in complex risks on a worldwide basis, Specialty MGA is a multi-line, global and niche specialist Lloyd's of London MGA platform providing capacity for regular and unusual risks. Established in 2022 and headquartered in London, with group offices in Italy, Morocco and the USA, and a global network of business partners, Specialty MGA is a smart and astute insurance and reinsurance partner. Specialty MGA prides itself on swift and prudent underwriting decision-making which enables predictable and consistent profitable results, writing risks on facultative and treaty basis. Using industry best practice across underwriting, risk management, security, and claims management to provide a long-term partnership with our market-leading underwriters, Specialty MGA offers meaningful insurance capacity with strong financial security.

This role offers an exciting opportunity within Specialty MGA UK's Energy, Power and Renewables team. As an Underwriting Assistant, the individual will support the underwriting process by assisting with the analysis of complex global risks and contributing to the development of bespoke energy, power and renewables-related reinsurance solutions. The ideal candidate will demonstrate strong analytical skills, exceptional attention to detail, and a genuine passion for developing a career within the insurance and reinsurance industry. This position provides an excellent platform for ambitious individuals, eager to begin their journey in underwriting.

Duties & Responsibilities:

  • Provide data entry and administrative support as required, maintaining precision and efficiency in all tasks.
  • Coordinate with internal teams to ensure the underwriting process is efficient, smooth, and timely.
  • Prepare slips for underwriter approval, ensuring accuracy, compliance, and alignment with underwriting and market guidelines.
  • Foster strong, collaborative relationships with brokers, ensuring the highest level of client service.
  • Prepare underwriting notes for new business and renewals with minimal supervision, ensuring consistency with in house underwriting strategies and objectives.
  • Capture and maintain detailed analytics for the Energy, Power and Renewables team, ensuring data accuracy and relevance.
  • Develop underwriting expertise under the mentorship of senior underwriters, progressively taking on more independent responsibilities.
  • Cultivate strong broker relationships through effective communication and exceptional service.

Skills / Experience:

  • Strong analytical and problem-solving abilities.
  • Exceptional attention to detail and accuracy in all tasks.
  • Proficiency in data entry and management with in house systems and SharePoint.
  • Effective time management and organizational skills, with the ability to manage multiple priorities.
  • Strong communication and interpersonal skills for liaising with internal and external clients.
  • Understanding of natural catastrophe and exposure management concepts.
  • Ability to support the underwriting processes across multiple lines of business.
  • Familiarity with underwriting documentation and reinsurance slips.
  • Proficient in Microsoft Office Suite (Excel, Word, PowerPoint).
  • Capacity to work both independently and collaboratively within a team environment.
  • Eagerness to develop knowledge in the insurance and reinsurance industry.
  • Ability to maintain confidentiality and handle sensitive information responsibly.

Team and Culture:

The Underwriting Assistant will report directly to the Assistant Underwriter, and work closely with the wider underwriting team. This role offers an excellent progression pathway within the energy, power and renewables sector. The successful candidate will be part of a collaborative and dynamic team, working in a supportive environment with opportunities to learn and grow.

Required Qualifications:

  • Bachelor's Degree in a relevant subject.

Seniority level: Entry level
Employment type: Full-time
Job function: Other
Industries: Insurance

Underwriting Assistant – Energy, Power and Renewables in London employer: Specialty MGA UK

Specialty MGA is an exceptional employer, offering a dynamic and collaborative work environment in the heart of London. As an Underwriting Assistant in the Energy, Power and Renewables team, you will benefit from strong mentorship, opportunities for professional growth, and the chance to engage with complex global risks. The company prides itself on fostering a culture of excellence and innovation, making it an ideal place for ambitious individuals eager to build a rewarding career in the insurance and reinsurance industry.
Specialty MGA UK

Contact Detail:

Specialty MGA UK Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Underwriting Assistant – Energy, Power and Renewables in London

Tip Number 1

Network like a pro! Reach out to people in the insurance and reinsurance industry, especially those working in energy, power, and renewables. Attend industry events or webinars to make connections that could lead to job opportunities.

Tip Number 2

Prepare for interviews by researching Specialty MGA and understanding their approach to underwriting. Be ready to discuss how your skills align with their needs, especially in analysing complex risks and providing exceptional client service.

Tip Number 3

Showcase your analytical skills! Bring examples of how you've tackled complex problems in the past. Whether it's through coursework or previous jobs, demonstrating your attention to detail will set you apart from other candidates.

Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining our team at Specialty MGA.

We think you need these skills to ace Underwriting Assistant – Energy, Power and Renewables in London

Analytical Skills
Attention to Detail
Problem-Solving Skills
Data Entry and Management
Time Management
Organisational Skills
Communication Skills
Interpersonal Skills
Understanding of Natural Catastrophe Concepts
Familiarity with Underwriting Documentation
Proficiency in Microsoft Office Suite
Ability to Work Independently and Collaboratively
Eagerness to Develop Knowledge in Insurance and Reinsurance

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Underwriting Assistant role. Highlight any relevant experience or skills that match the job description, especially your analytical abilities and attention to detail. We want to see how you can contribute to our Energy, Power and Renewables team!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to express your passion for the insurance and reinsurance industry and explain why you're excited about this role at Specialty MGA. We love seeing genuine enthusiasm, so let your personality come through!

Showcase Your Skills: In your application, be sure to showcase your proficiency in data entry and management, as well as your familiarity with Microsoft Office Suite. Mention any experience you have with underwriting documentation or reinsurance slips, as these are key to the role we’re offering.

Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. Plus, it shows you’re keen to join our team at Specialty MGA!

How to prepare for a job interview at Specialty MGA UK

Know Your Stuff

Make sure you brush up on the basics of underwriting, especially in the energy, power, and renewables sectors. Familiarise yourself with key concepts like natural catastrophe management and reinsurance slips. This will show your genuine interest and help you stand out.

Show Off Your Analytical Skills

Prepare to discuss examples of how you've used your analytical skills in past experiences. Whether it's through coursework or previous jobs, be ready to explain how you approach problem-solving and data analysis, as these are crucial for the role.

Practice Your Communication

Since you'll be liaising with brokers and internal teams, practice articulating your thoughts clearly and confidently. Consider doing mock interviews with friends or family to refine your communication style and ensure you can convey complex ideas simply.

Ask Smart Questions

At the end of the interview, have a few insightful questions ready about the company’s approach to underwriting or their future plans in the energy sector. This shows that you're not just interested in the job, but also in the company's vision and how you can contribute.

Underwriting Assistant – Energy, Power and Renewables in London
Specialty MGA UK
Location: London

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