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- Tasks: Assist in underwriting Energy Specialty lines, analyse submissions, and ensure data accuracy.
- Company: Fidelis Partnership is a global underwriter based in Bermuda, specialising in property and bespoke insurance.
- Benefits: Enjoy a diverse workplace culture with opportunities for career progression and fair rewards.
- Why this job: Join a dynamic team that values diversity and offers a chance to impact the insurance industry.
- Qualifications: Bachelor’s Degree or equivalent; progress towards ACII; previous London Insurance Market experience preferred.
- Other info: Embrace a culture of Diversity, Equality & Inclusion at every level within the company.
The predicted salary is between 36000 - 60000 £ per year.
The Fidelis Partnership is a privately-owned, Bermuda-based Managing General Underwriter, which, through its subsidiaries, is a global underwriter of property, bespoke and specialty insurance and reinsurance products. The primary purpose of the role is to assist in underwriting a portfolio of Energy Specialty lines of business. The role will focus on analysing and maintaining the accuracy of all (re)insurance submission data, policies, and records with the goal of ensuring that Fidelis’ interests are properly managed and protected.
Key Responsibilities:
- Participate in the underwriting process, evaluation, and presentation of submissions, analysing and interpreting exposures, determining coverage and contract language.
- Assist and work with risk modeling and pricing tools.
- 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.
- Provide assistance to prepare and issue quotes, binders and policies on an accurate and timely basis.
Qualifications:
- Bachelor’s Degree or equivalent and progress towards ACII or other relevant commercial insurance industry designations.
- Previous London Insurance Market experience highly desirable.
- Good knowledge of commercial insurance and regulatory requirements.
- Established networks and strong existing relationships with brokers and clients, and ability to independently manage meetings.
- 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.
- Basic competency in MS Office applications: Word, Outlook, Excel and Adobe Standard required.
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 Fidelis MGU’s successes. This will be driven by a workforce that embraces Diversity and Inclusion at every level, in every department across Fidelis MGU.
Junior Commercial Underwriter employer: The Fidelis Partnership
Contact Detail:
The Fidelis Partnership Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Junior Commercial Underwriter
✨Tip Number 1
Familiarise yourself with the specific lines of business mentioned in the job description, particularly Energy Specialty. Understanding the nuances of these areas will help you engage more effectively during interviews and demonstrate your genuine interest in the role.
✨Tip Number 2
Network within the London Insurance Market. Attend industry events or join relevant online forums to connect with professionals already working in underwriting. Building relationships can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Stay updated on market developments and regulatory changes affecting the insurance industry. This knowledge will not only enhance your understanding but also show potential employers that you are proactive and committed to your professional growth.
✨Tip Number 4
Brush up on your analytical skills and become comfortable with pricing models. Familiarity with these tools is crucial for the role, so consider taking online courses or workshops to strengthen your competency before applying.
We think you need these skills to ace Junior Commercial Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Junior Commercial Underwriter at The Fidelis Partnership. Familiarise yourself with the specific lines of business they underwrite, especially in Energy Specialty.
Tailor Your CV: Highlight relevant experience and skills that align with the job description. Emphasise any previous work in the London Insurance Market, your analytical skills, and familiarity with commercial insurance and regulatory requirements.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the insurance industry and your understanding of the role. Mention your progress towards ACII or other relevant designations and how your background aligns with their commitment to diversity and inclusion.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. Ensure that all information is accurate and that your application reflects your best self, as attention to detail is crucial in underwriting.
How to prepare for a job interview at The Fidelis Partnership
✨Know Your Insurance Basics
Make sure you brush up on your knowledge of commercial insurance and regulatory requirements. Understanding the fundamentals will help you answer questions confidently and demonstrate your commitment to the role.
✨Familiarise Yourself with Energy Specialty Lines
Since the role focuses on Energy Specialty lines, take some time to research this area. Be prepared to discuss current market trends and how they might impact underwriting decisions.
✨Showcase Your Analytical Skills
Prepare to discuss your analytical skills and any experience you have with risk modelling and pricing tools. Being able to interpret data and explain your thought process will impress interviewers.
✨Highlight Your Networking Abilities
If you have established networks or relationships within the London Insurance Market, be sure to mention them. This shows that you can manage meetings independently and have a proactive approach to building professional connections.
