Contingency Underwriter

Job DescriptionAbout usAvencia Consulting are recruiting on behalf of a leading specialty Insurer based in the City, who are looking for a Contingency Underwriter to join their London teamThis is an excellent opportunity to join a high performing Contingency team with further growth plans in 2026. The roleThe primary purpose of the role is to assist in originating, modelling, administering and underwriting a portfolio of (re)insurance business. This includes analysing and maintaining the accuracy of all (re)insurance submission data, policies, and records with the ultimate goal of ensuring that business interests are properly managed and protected.Key accountabilitiesParticipate in the underwriting process, evaluation and presentation of submissions, analysing and interpreting exposures, determining coverage and contract languageAssist and work with risk modeling and pricing toolsOriginate, leverage, build and maintain broker and client relationshipsMonitor market developments and remain current regarding knowledge of all relevant classes of business, and legislated and regulatory changes / requirementsEnsure accuracy and integrity of underwriting data in group underwriting systemsPrepare and issue quotes on an accurate and timely basisSupervising and/or mentoring junior members of the teamEnsure compliance with internal and external underwriting regulations, liaising as appropriate with external bodies such as brokers, clients, auditors and regulators as requiredAssist with strategic initiatives as needed to promote business growthSkills & experienceBachelor's degree, preferably in Finance or MathematicsMinimum of 3 years' experience in a broking or underwriting capacity in the relevant line of businessEstablished networks and strong existing relationships with brokers and clients, and ability to independently manage meetingsProficient understanding of the International underwriting marketplaceExcellent analytical skills (testing may be required), with a working knowledge of and ability to interpret the outputs of pricing models, and the statistical skills necessary to perform analyses on first principlesProven negotiator, with demonstrated ability to attract new business and retain clients