Trainee Underwriter, Marine

5 days ago

City of London, United Kingdom Convex Insurance Full time £40,000 - £70,000 per year
Trainee Underwriter, Marine & Energy Liabilities

Department: Underwriting - Insurance

Employment Type: Permanent

Location: London, UK


Description Convex insures a broad range of Marine & Energy Liability exposures across the globe and our clients range from individuals to multinational corporations within the maritime or energy sectors. Our team prides itself on being able to provide a high quality of service to our clients and brokers combined with exceptional technical expertise. 

As a Trainee Underwriter, you'll be presented with an opportunity to learn from long-established, experienced Underwriters and work on an incredibly diversified portfolio as Marine & Energy Liabilities covers an immense spectrum of operations and exposures.

We will support you in obtaining relevant qualifications for the role and you'll be on a trajectory to become an Underwriter.

Key Responsibilities
  • Build good working relationships with underwriting teams and ensure that underwriting management are regularly communicated with and kept up to date.
  • Support the Underwriting Support Assistant team who will be taking ownership of all aspects of the administration and referrals. 
  • Learn and develop an understanding of the Marine & Energy Liability line of business as well as the wider market and competitor dynamics. 
  • Form an understanding of the technical aspects of pricing and insurance terms and conditions alongside and within the Underwriting team.
  • Perform pre-underwriting calculations and work as directed by the Underwriter.
  • Attend peer review meetings and participate in discussions on risks within the division. Ensure peer review packs are completed and logged on the underwriting system
  • Produce and collate data for business planning and run insights reports as required.
  • Manage the flow of bound risks received from the Underwriters and assist with recording all new business renewals.
  • Ensure all processing and credit control queries are answered within agreed timeframes.
  • Liaise with brokers and internal departments such as credit control, claims and compliance.
  • Work in conjunction with the booking and underwriting teams to ensure efficient working practices are in place, this includes identifying process improvements, providing feedback to reduce rework or errors and escalating any blockages to the team leader.
  • Be aware of the regulatory impact and ensure all underwriting activity is always within the guidelines.

Skills Knowledge and Expertise
  • A couple of year's experience and a proven interest in Marine & Energy Liabilities Insurance with a clear commitment to developing a career in Underwriting and (willing to) study(ing) CII exams. 
  • An analytical approach combined with excellent numeracy.
  • Articulate in both verbal and written communication, combined with a natural curiosity and desire to network and build relationships.
  • Possess a continuous improvement mindset.
  • Proven ability to work with speed and accuracy, particularly under pressure or tight deadlines and be able to work flexibly, particularly during peak underwriting periods. 

Benefits
  • Competitive Salary
  • 30 days Annual Leave
  • Birthday Leave
  • 10% Employer Pension Contribution
  • Private Health Insurance Medical Cover
  • Group Income Protection
  • Life Assurance Cover
  • Enhanced Parental Leave
  • Annual Health Check
  • 3 days of Volunteer Leave each year
  • 10 days of help with care (elder/ childcare) through Bright Horizons
  • £1,300 to spend on learning & wellbeing
  • Give as You Earn
  • Cycle to Work
  • Season Ticket Loan

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