At a Glance
- Tasks: Evaluate insurance risks and drive profitable growth for global energy clients.
- Company: Join Canopius, a leader in the Energy division with a collaborative culture.
- Benefits: Competitive salary, career development, and a dynamic work environment.
- Other info: Opportunity to work with AI tools and advance your career in a supportive team.
- Why this job: Make an impact in the energy sector while developing your skills in underwriting.
- Qualifications: Experience in the Energy and London Insurance market with strong analytical skills.
The predicted salary is between 63000 - 77000 £ per year.
Canopius’ market leading Energy division are looking for a skilled and experienced Upstream Energy Underwriter to take on an underwriting role within the London Natural Resources Team.
As an Underwriter you will play a crucial role in driving profitable growth through risk selection of new and renewal business, for a broad portfolio of global energy clients in the Upstream and Midstream sectors from the London office.
The Upstream Energy portfolio, forms part of the wider Natural Resources Team, with exposure to all areas of the Energy Value Chain, including Downstream, Power & Renewables as well as Minerals, Metals & Mining via the Heavy Industries product line.
Key Responsibilities
- Evaluate insurance risks in accordance with the Business Plan and personal authority to meet business objectives effectively.
- Foster and sustain robust connections with stakeholders, including clients, brokers, and team members, to enhance influence and support business initiatives.
- Establish strategic partnerships aligned with the Business Plan to facilitate the attainment of organizational goals.
- Adhere to the insurance strategy to minimize risk and achieve targets outlined in the business plan.
- Actively engage in shaping and refining strategies, knowledge, and best practices within the team.
- Advocate positively for the department, division, and company brand to effectively leverage brand recognition.
- Ensure compliance with all legal and regulatory standards to fulfil organizational obligations.
- Uphold underwriting guidelines, instructions, and best practices to reduce risk and improve operational efficiency.
- Remain knowledgeable about market dynamics and demonstrate awareness of market cycles to operate effectively.
- Encourage and develop team members.
- Assist with the advancement of AI Tools in process modules to increase efficiencies in the day-to-day capture of underwriting data.
Skills and experience
- Proven experience in the Energy and London Insurance market with a good understanding of market dynamics
- Ability to develop business opportunities
- Contribute to long-term success of the overall business through business planning, organisation and development
- Confident and good communication skills to collaborate with colleagues and external stakeholders
- Strong working knowledge of MS Office (Word / Excel / Power Point / Power BI)
- Excellent analytical and negotiation skills
- Proficient in being able to manage single risk aggregate exposures, as well as understanding the joint venture principal in maintaining combined offshore platform aggregates.
Ability to navigate SQL Impact or equivalent aggregation tool is preferable.
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Underwriter – Upstream Energy employer: vavemga
As an Azure Platform Analyst, you will thrive in a dynamic and innovative work environment that prioritises employee growth and development. Our company fosters a collaborative culture where your contributions are valued, and you will have access to cutting-edge technology and training opportunities to enhance your skills. Located in a vibrant area, we offer competitive benefits and a commitment to work-life balance, making us an excellent employer for those seeking meaningful and rewarding careers in cloud infrastructure.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter – Upstream Energy
✨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 vavemga). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like vavemga. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Underwriter – Upstream Energy
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 vavemga.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at vavemga. 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 vavemga
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at vavemga 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 vavemga, 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 vavemga'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.
