About us
Avencia Consulting are working with a leading Specialty Reinsurer who have a newly created position for a Business development Underwriter to join.
We are looking for an experienced Underwriter, Broker or Actuary with experience in Specialty lines of business to support further growth of the business as well as managing an existing portfolio.
The role
Reporting to the Head of Business Development, the primary purpose of the role is to assist in underwriting a portfolio of multiple lines of Bespoke & Specialty business. This could be treaties, fac or binder or lineslip opportunities. Insurance, reinsurance or retro.
Key accountabilities
*Participate in the underwriting process, triage, evaluation, and presentation of opportunities, analyzing and interpreting exposures, determining coverage and appropriate contract language with our Wordings team.
*Assist and work with Actuarial team with their risk modeling and pricing the deals.
*Originate, leverage, build and maintain broker and client relationships.
*Monitor market developments and remain current regarding knowledge of all relevant classes of business and associated legislation and regulatory changes / requirements.
*Ensure accuracy and integrity of underwriting data in underwriting systems.
*Assist with the preparation and issue of NBIs, line-slips, binders and treaties on an accurate and timely basis.
*Expand our existing portfolio of business by developing existing relationships and new prospective clients through visits, entertainment and conferences as appropriate.
*Share with the supervising and/or mentoring of 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
*Bachelor’s Degree or equivalent and progress towards ACII or other relevant commercial insurance industry designations.
*Minimum of 5 years’ in a (re)insurance broking or underwriting capacity OR 5 years qualified Actuary - all with experience in multiple lines of Specialty business.
*Previous London Insurance Market experience highly desirable.
*Team player with the ability to work flexibly to meet business needs as required.
*Good knowledge of commercial insurance, reinsurance and regulatory requirements.
*Established (re)insurance networks and strong existing relationships with brokers and clients, and ability to independently manage meetings.
*Proficient understanding of the international 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.
*Basic competency in MS Office applications: Word, Outlook, Excel and PowerPoint required.
*Excellent written and oral communication skills when dealing with key stake holders internally and externally.