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- Tasks: Write profitable Power & Renewable Energy business and manage underwriting risks.
- Company: Join Starr Insurance Companies, a leader in the insurance industry.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Why this job: Make a real impact in the renewable energy sector while growing your career.
- Qualifications: 5+ years of underwriting experience and strong analytical skills.
- Other info: Opportunity for career advancement in a supportive team.
The predicted salary is between 48000 - 72000 £ per year.
Overview
Underwriter/Senior Underwriter – Onshore Energy at Starr Insurance Companies, London, United Kingdom.
Responsibilities
- To write profitable Power & Renewable Energy business in line with the underwriting plan, using professional judgement to achieve the target premium revenue, return on premium and business growth.
- To manage underwriting risk exposures through aggregate limits and reinsurance, examine departmental practices and procedures with a view to delivering efficiencies and provide support to CUO including updating and regular maintenance of the underwriting manual.
- Work with Risk Engineering to assess risk quality and appetite for Power & Renewable Energy risks.
- Oversight of reinsurance reporting including treaty and FAC, collection of reinsurance, consortium fees and profit commissions plus oversight of Credit Control function and reporting.
- Support the renewal process of all Technical Risks Onshore Reinsurance Treaties as well as involvement in strategic initiative planning, implementation and monitoring. Maintain Minimum Underwriting Standards – (Lloyds interface) and coordinate monthly production updates and provide ad-hoc assistance including projects.
Experience Required
- Minimum 5 years’ Underwriter experience within the class of business or with a Property background looking to transition to Energy.
- Up-to-date knowledge of claims to inform future underwriting decisions.
Skills
- Analytical and problem solving skills.
- Negotiation, judgment and decision making skills.
- Professional business writing and presentation skills.
- Strong communicator, both written and oral.
- Technical coaching.
- Business development.
Seniority level
- Mid-Senior level
Employment type
- Full-time
Job function
- Other
Industries
- Insurance
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Underwriter/Senior Underwriter - Onshore Energy employer: Starr
Contact Detail:
Starr Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter/Senior Underwriter - Onshore Energy
✨Tip Number 1
Network like a pro! Reach out to industry professionals on LinkedIn or attend relevant events. We can’t stress enough how personal connections can open doors that applications alone can’t.
✨Tip Number 2
Prepare for interviews by researching the company and its recent projects in Power & Renewable Energy. We want you to show off your knowledge and passion, so practice articulating how your experience aligns with their goals.
✨Tip Number 3
Don’t just wait for job postings! Reach out directly to hiring managers or teams at companies you’re interested in. A friendly email expressing your interest can sometimes lead to opportunities before they even hit the job boards.
✨Tip Number 4
Keep your CV and online profiles updated with your latest achievements and skills. We recommend tailoring them to highlight your underwriting experience and analytical skills, making it easy for employers to see why you’re the perfect fit.
We think you need these skills to ace Underwriter/Senior Underwriter - Onshore Energy
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriter/Senior Underwriter role. Highlight your experience in Power & Renewable Energy and any relevant achievements that align with the job description. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the energy sector and how your skills match the responsibilities outlined in the job description. Let us know what makes you the perfect fit for this role.
Showcase Your Analytical Skills: Since analytical and problem-solving skills are key for this position, make sure to include examples of how you've successfully tackled challenges in your previous roles. We love seeing real-life applications of your skills!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about us and what we do!
How to prepare for a job interview at Starr
✨Know Your Stuff
Make sure you brush up on the latest trends in Power & Renewable Energy. Understand the key risks and challenges in the sector, as well as the underwriting principles that apply. This will show your potential employer that you're not just familiar with the basics but are genuinely interested in the field.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples where you've used your analytical and problem-solving skills in previous roles. Think about how you assessed risk exposures or improved departmental efficiencies. Being able to articulate these experiences will demonstrate your capability to handle the responsibilities of the role.
✨Practice Your Negotiation Techniques
Since negotiation is a key part of underwriting, be ready to talk about your approach to negotiations. Consider preparing a few scenarios where you successfully negotiated terms or resolved conflicts. This will highlight your judgment and decision-making skills, which are crucial for this position.
✨Communicate Clearly
Strong communication skills are essential, so practice articulating your thoughts clearly and concisely. Whether it's discussing technical details or presenting your ideas, being able to communicate effectively will set you apart. Consider doing mock interviews with a friend to refine your delivery.
