Assistant Underwriter

6 months ago

London, United Kingdom Aspen Insurance Holdings Full time

Reference: ASPUKRS00129

, England

Permanent - Full Time

**About us**:
Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions.
We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism.
Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.

**The role**:
Manages individual (or series of) change projects to ensure delivery meets stakeholders’ requirements, is on time, within budget, free from error and without undue business interruption.

Our Aspen Values are expected to be reflected in the delivery and performance of every role.

**Key accountabilities**:
**Strategy and Planning**
- Contributes to the preparation and implementation of the operational team plans to ensure these include operational considerations for delivery.
- Determines own work priorities and activities in line with agreed plans to ensure the achievement of personal and team objectives.
- Benchmarking of delivery to plan objectives
- Management team feedback

**Policy, Process and Procedures**
- Performs underwriting activities, as directed and in accordance with all legal and regulatory requirements to ensure obligations are met.
- Adheres to underwriting standards and good practice to minimise risk and maximise efficiency in line with process control time frames.
- Contributes to recording and measurement of insurance risks to ensure accuracy, good practice and adherence to relevant performance standards (as prescribed by quality review process
- Understands and complies with any reinsurance requirements to minimize risk and to deliver business plan objectives.
- Ensures that underwriting files are maintained in a logical and accessible manner and/or other underwriting issues are clearly documented at all times.
- Ensures awareness of and compliance with regulatory and legislative requirements.
- Compliance with Service Level Agreements.
- Compliance with best practice, regulatory/legal requirements and Aspen processes and policies.

**Environmental Awareness/Customer Focus**
- Supports the provision of a professional underwriting service to uphold the reputation of the underwriting function and the company.
- Responds to internal and external stakeholder requests in accordance with service standards and best practice.
- Develops relationships with key stakeholders including customers, brokers, business partners and colleagues to support their needs, maximise influence, and achieve business objectives.
- Develops a knowledge of market dynamics and market cycles to be able to support business performance
- Legal compliance.
- Positive feedback from stakeholders/business.
- Risk avoidance.
- Open and regular communication.

**Technical Performance**
- Underwrites insurance risks in accordance with the business plan and the delegated underwriting authority to meet business objectives including:

- Negotiating rates/ terms and conditions for existing and new business.
- Compliance in the production and issue of contract certainty documentation.
- Supporting credit control in payment collection.
- Participates in the review and analysis of the portfolio to identify progress toward business objectives.
- Performs underwriting activities in accordance with all legal and regulatory requirements to ensure obligations are met.
- Produces management information reports. to enable effective monitoring of underwriting activity.
- Ensures entries are properly and promptly recorded on relevant systems to ensure accuracy of data in relation to underwriting and aggregate exposures. Ability to resolve underwriting queries within areas of delegated authority.

**People Management**
- Actively coaches and develop more junior/less experienced team members.
- Develops own knowledge of standard procedures and processes
- Act as a point of reference to guide and advise others to ensure the sharing of knowledge and best practice
- Supports others in the team where appropriate to assist in the achievement of their objectives
- Team plans and objectives are met
- Positive feedback from colleagues
- Asks for feedback and acts upon personal development plans

**Skills & experience**:
**Knowledge**
- Relevant knowledge of underwriting in appropriate area.
- Working knowledge of relevant Aspen underwriting systems.
- Understanding of relevant market conditions
- Understanding of class specific underwriting and reinsurance knowledge.
- Knowledge of relevant market conditions for specific class/portfolio.
- Knowledge of legal and regulatory requirements (specific reference to FCA/Lloyds regulation)
- Knowledge of Aspen’s underwriting process and reinsurance programmes and Expected Profitability Analysis

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