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- Tasks: Support underwriting by analysing complex global risks and developing bespoke insurance solutions.
- Company: Join Specialty MGA, a dynamic insurance provider focused on energy, power, and renewables.
- Benefits: Enjoy a collaborative work environment with opportunities for growth and mentorship.
- Why this job: Kickstart your career in a fast-paced industry with a focus on sustainability and innovation.
- Qualifications: A Bachelor's Degree in a relevant subject is required; strong analytical skills are essential.
- Other info: This entry-level role offers a clear progression pathway within the energy sector.
The predicted salary is between 30000 - 42000 £ per year.
Underwriting Assistant – Energy, Power and Renewables
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.
The Role:
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
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Underwriting Assistant – Energy, Power and Renewables employer: 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
✨Tip Number 1
Familiarise yourself with the energy, power, and renewables sectors. Understanding current trends, challenges, and innovations in these areas will not only enhance your knowledge but also demonstrate your genuine interest during interviews.
✨Tip Number 2
Network with professionals in the insurance and reinsurance industry, especially those focused on energy and renewables. Attend industry events or join relevant online forums to build connections that could lead to valuable insights and potential referrals.
✨Tip Number 3
Develop your analytical skills by engaging in activities that require data analysis or problem-solving. Consider online courses or workshops that focus on risk management or underwriting principles to strengthen your expertise.
✨Tip Number 4
Prepare to discuss your understanding of underwriting processes and documentation. Familiarise yourself with common terms and practices in the industry, as this will help you communicate effectively with potential employers and show your readiness for the role.
We think you need these skills to ace Underwriting Assistant – Energy, Power and Renewables
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Underwriting Assistant position. Familiarise yourself with the energy, power, and renewables sectors to demonstrate your genuine interest in the field.
Tailor Your CV: Customise your CV to highlight relevant skills and experiences that align with the job description. Emphasise your analytical abilities, attention to detail, and any experience with data entry or management, as these are crucial for this role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the insurance and reinsurance industry. Mention specific examples of how your skills and experiences make you a suitable candidate for the Underwriting Assistant role, and express your eagerness to learn and grow within the company.
Proofread Your Application: Before submitting your application, carefully proofread all documents to ensure there are no spelling or grammatical errors. A polished application reflects your attention to detail, which is essential for the role.
How to prepare for a job interview at Specialty MGA UK
✨Show Your Analytical Skills
As an Underwriting Assistant, strong analytical skills are crucial. Be prepared to discuss examples from your academic or work experience where you successfully analysed complex data or solved problems. This will demonstrate your capability to handle the responsibilities of the role.
✨Demonstrate Attention to Detail
Precision is key in underwriting. During the interview, highlight instances where your attention to detail made a significant impact on a project or task. You might even want to mention how you ensure accuracy in your work, especially when preparing documents or data entries.
✨Foster Communication Skills
Effective communication is essential for building relationships with brokers and internal teams. Prepare to share experiences where you successfully collaborated with others or resolved conflicts through clear communication. This will show that you can thrive in a team environment.
✨Express Your Passion for the Industry
Show genuine enthusiasm for the insurance and reinsurance sector, particularly in energy, power, and renewables. Research current trends and challenges in the industry, and be ready to discuss how you see yourself contributing to the field. This passion can set you apart from other candidates.