At a Glance
- Tasks: Support underwriting for energy accounts and build relationships with brokers and clients.
- Company: Dynamic insurance company focused on growth and making a difference.
- Benefits: Competitive salary, career development, and a collaborative work environment.
- Other info: Exciting opportunities for professional growth in a vibrant London setting.
- Why this job: Join a team shaping the future of energy insurance and make an impact.
- Qualifications: Experience in upstream energy or insurance, strong teamwork skills, and business-level English.
The predicted salary is between 45000 - 55000 £ per year.
We’re determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals – and to help others accomplish theirs, too. Join our team as we help shape the future.
Role Purpose: The role will have both personal and collective responsibility for supporting the growth and profitability of the portfolio. The position involves supporting the underwriting of business in line with appetites as well as developing and maintaining relationships with London & International Brokers and clients.
Job responsibilities:
- Underwrite new and renewal accounts to meet planned underwriting results, through proactive account review, analysis of underwriting trends and improvement plans to maintain profitability.
- Negotiate account participation, pricing and terms and conditions with brokers.
- Underwrite in line with Global framework - e.g. Underwriting Authorities, Underwriting Guidelines, Rules and Principles.
- Support execution of the global underwriting and marketing strategies.
- Proactively support acquisition of new business and retention of existing business through market and client meetings with our Insureds / potential Insureds.
- Develop and maintain strong relationships with key Brokers & Insureds.
- Support training and developing of Underwriting Assistants to continually improve their operations and trading capability and development of a market leading team.
- Keep abreast of claims and support senior team members in liaising with the claims team as necessary to ensure appropriate settlement of claims.
- Contribute to the quarterly and annual reporting of Underwriting results.
Experience:
- Work experience within Upstream Energy or general insurance marketplace.
- Basic knowledge of upstream and midstream energy sectors within the global oil & gas landscape.
- Preferable knowledge/interest working on emerging and frontier markets with relevance to exploration and production of oil & gas.
- Strong process management discipline. Establish priorities, anticipate problems, determine completion dates, communicate the status of assignments; manage time effectively; and use the services of others effectively.
- Team player with a strong collaborative orientation; ability to build strong relationships across an organisation.
- Business level English.
- ACII preferred or working towards.
This role will be based in London, UK and you are required to have the necessary right to work details prior to application.
Assistant Underwriter - Upstream Energy in London employer: The Hartford
As an Assistant Underwriter in Upstream Energy, you will thrive in a dynamic and supportive environment that prioritises your professional growth while making a meaningful impact in the insurance industry. Our London-based team fosters a collaborative culture, offering extensive training opportunities and the chance to build strong relationships with key brokers and clients, ensuring you are well-equipped to excel in your role. Join us to be part of a forward-thinking company that values innovation and teamwork, empowering you to achieve your career aspirations.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Underwriter - Upstream Energy in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like The Hartford). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
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✨Leverage Your Current Connections
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We think you need these skills to ace Assistant Underwriter - Upstream Energy in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at The Hartford.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at The Hartford. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at The Hartford
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at The Hartford to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at The Hartford, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding The Hartford's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
