Underwriter, Energy

2 weeks ago


London, Greater London, United Kingdom SiriusPoint Full time

You will be our Underwriter, Energy & Marine Liability. The main purpose of your role is negotiating, underwriting and maintaining a profitable portfolio of business to meet budgetary requirements, as well as researching new business opportunities to develop a quality book of business. You will report to the Senior Underwriter, Energy.

Your responsibilities will include:

Business Development

Gathering market data for new markets and products and promoting SiriusPoint London Branch and Syndicate 1945 to identify new production opportunities

Tracking competitor activity

Managing underwriting results by monitoring production, renewal retention and other production and quality measures

Providing input into the business planning process and assisting in developing the budget for the business unit

Attending client presentations and market seminars, travelling as required

Providing reports to the Underwriting Committee detailing portfolio performance, progress against budget, visit reports, etc

Complying with Group and Audit Requirements

Underwriting

Analysing insurance proposals, gathering and assessing background information to identify the risk involved

Liaising with Exposure Management to evaluate the potential loss in any catastrophic event

Calculating premium in line with SiriusPoint pricing models

Negotiating terms with policyholders or their brokers, specifying any conditions to be imposed

Providing and recording quotes

Underwriting policies, adhering to compliance requirements and the Underwriting Guidelines to ensure line size within authority and the annual business plan

Maintaining detailed records of decisions made and policies underwritten in line with SiriusPoint processes and procedures

Developing and maintaining constructive and co-operative working relationships with brokers

Providing guidance, advice and support to the business unit team

Ensuring the smooth running of the team e.g. Lloyd's box manned daily

Providing training and mentoring to less experienced team underwriters on market conditions, competitors, relationship management, etc

General

Undertaking professional training and maintaining commercial awareness of market trends

Adhering to all SiriusPoint Policies, Processes and Procedures

Adhering to all PRA/FCA, SARBOX and Lloyd's regulatory requirements

Undertaking additional related activities, as requested by the Line Manager

Attending Underwriting Reviews and Underwriting Conferences

Travelling where required, subject to prior agreement

Performing all duties in line with the FCA Individual Conduct Rules as documented in the Employee Handbook

Any other duties as reasonably required


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