At a Glance
- Tasks: Join us in underwriting and managing a diverse portfolio of (re)insurance business.
- Company: The Fidelis Partnership is a top-tier specialty (re)insurance firm with 40 years of success.
- Benefits: Enjoy a dynamic work environment, opportunities for growth, and a focus on diversity and inclusion.
- Why this job: Be part of a culture that values innovation, teamwork, and making a positive impact.
- Qualifications: Experience in broking or underwriting, strong analytical skills, and established broker relationships required.
- Other info: Mentorship opportunities available for junior team members.
The predicted salary is between 43200 - 72000 Β£ per year.
The Fidelis Partnership is a leading specialty, bespoke and (re)insurance business. We have built our name on a 40-year track record of outperformance, and we continue to beat the market in our underwriting and returns. More information on The Fidelis Partnership can be found at www.fidelispartnership.com.
The Company currently writes lines of business including specialty insurance: aviation & aerospace, energy, marine, property, terror & political violence, contingency and other specialty lines; reinsurance: property reinsurance, property retrocession, specialty reinsurance, whole account/multi-class and bespoke.
The primary focus of this role is originating, modelling, administering, and underwriting a portfolio of (re)insurance business. This includes analysing and maintaining the accuracy of all (re)insurance submission data, policies, and records with the ultimate goal of ensuring that Fidelisβ interests are properly managed and protected.
Role Responsibilities
- Participate in the underwriting process, evaluation, and presentation of submissions, analysing and interpreting exposures, determining coverage and contract language.
- Working cross class, Airline, Hull War, Contingent All Risks, Contingent War, Aerospace & General Aviation.
- Assist and work with risk modeling and pricing tools.
- Originate, leverage, build and maintain broker and client relationships.
- Monitor market developments and remain current regarding knowledge of all relevant classes of business, and legislated and regulatory changes / requirements.
- Ensure accuracy and integrity of underwriting data in group underwriting systems.
- Prepare and issue quotes on an accurate and timely basis.
- Supervising and/or mentoring junior members of the team.
- Ensure compliance with internal and external underwriting regulations, liaising as appropriate with external bodies such as brokers, clients, auditors, and regulators as required.
- Assist with strategic initiatives as needed to promote business growth.
Skills & Experience
- Experience in a broking or underwriting capacity in the relevant line of business.
- Established networks and strong existing relationships with brokers and clients, and ability to independently manage meetings.
- Strong understanding of the underwriting marketplace.
- Excellent analytical skills, with a working knowledge of and ability to interpret the outputs of pricing models, and the statistical skills necessary to perform analyses on first principles.
- Proven negotiator, with demonstrated ability to attract new business and retain clients.
The Fidelis Partnership Ethos
Our culture is defined by our ethos. It is the foundation of who we are and the core of everything we do.
- Results β We want to be the best at the things we care about, so we focus on profitability over volume, with responsive decision-making and clear prioritised accountability.
- Innovate β We aspire to lead the market in providing the services and products our clients need, and to drive change in the broader impact our industry has on human rights, society, and environmental sustainability.
- Include β We create an environment where employees can bring their whole self to work, with open communication where everyone, irrespective of gender, ethnicity, sexual orientation or background, feels able to contribute ideas and be recognised and rewarded for their contribution.
- Unite β We operate as a team of individual talents that actively seeks to reflect the diversity of the societies in which we operate, giving our business the widest range of inputs and perspectives.
- Respond β We work in a business exposed to sudden shocks and changes β elemental, political, economic and human β so we remain nimble and ready for change.
Diversity, Equality & Inclusion
Our vision is for a workplace culture where differences are valued and where diversity of background, experience and thought are welcomed. We want to create an environment where all employees, regardless of who they are, are given equal opportunities for career progression and enjoy fair reward from their and The Fidelis Partnership successes. This will be driven by a workforce that embraces Diversity and Inclusion at every level, in every department across The Fidelis Partnership.
Aviation Underwriter employer: The Fidelis Partnership
Contact Detail:
The Fidelis Partnership Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Aviation Underwriter
β¨Tip Number 1
Familiarise yourself with the latest trends and developments in the aviation insurance market. This knowledge will not only help you during interviews but also demonstrate your genuine interest in the field.
β¨Tip Number 2
Network with professionals in the aviation underwriting space. Attend industry events or join relevant online forums to connect with potential colleagues and learn more about the company culture at The Fidelis Partnership.
β¨Tip Number 3
Prepare to discuss your experience with risk modelling and pricing tools. Be ready to share specific examples of how you've used these skills in previous roles, as they are crucial for the Aviation Underwriter position.
β¨Tip Number 4
Understand the importance of compliance in underwriting. Familiarise yourself with both internal and external regulations that affect the aviation insurance sector, as this will be a key aspect of your role at The Fidelis Partnership.
We think you need these skills to ace Aviation Underwriter
Some tips for your application π«‘
Understand the Role: Before applying, make sure to thoroughly read the job description for the Aviation Underwriter position. Understand the key responsibilities and required skills, as this will help you tailor your application.
Highlight Relevant Experience: In your CV and cover letter, emphasise any previous experience in broking or underwriting, particularly in aviation or related fields. Use specific examples to demonstrate your analytical skills and ability to manage client relationships.
Showcase Your Skills: Make sure to highlight your strong understanding of the underwriting marketplace and your analytical capabilities. Mention any experience with risk modelling and pricing tools, as well as your negotiation skills.
Personalise Your Application: Address your cover letter to the hiring manager if possible, and express your enthusiasm for The Fidelis Partnership's ethos and commitment to diversity and inclusion. This shows that you align with their values and are genuinely interested in the role.
How to prepare for a job interview at The Fidelis Partnership
β¨Know Your Underwriting Basics
Make sure you have a solid understanding of the underwriting process, especially in aviation. Brush up on key terms and concepts related to risk assessment and policy language, as this will be crucial during your interview.
β¨Showcase Your Analytical Skills
Prepare to discuss your analytical abilities and how you've used them in previous roles. Be ready to explain how you interpret data and make decisions based on statistical models, as this is a vital part of the job.
β¨Demonstrate Relationship Management
Highlight your experience in building and maintaining relationships with brokers and clients. Share specific examples of how you've successfully managed these relationships and contributed to business growth.
β¨Align with Company Ethos
Familiarise yourself with The Fidelis Partnership's ethos and values. Be prepared to discuss how your personal values align with theirs, particularly around innovation, inclusion, and responsiveness to change.