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Underwriting Assistant

4 months ago

London, UK, United Kingdom Avencia Consulting Full time

About us

Avencia Consulting are recruiting on behalf of a leading specialty Insurer based in the City, who are looking to hire an Underwriting Assistant to join on a permanent basis. This role will be based fully on site in the London office.

Across product lines and geographies, we focus on three diversified pillars: reinsurance, specialty and bespoke solutions. We are truly diversified. Our long-standing partnerships with capital providers and quota share partners make us nimble. Our breadth of expertise and capabilities deliver outstanding market returns.

The role

Reporting to the Head of, the primary purpose of the role is to provide underwriting and administrative support to Energy Underwriters.

Key accountabilities

  • Support the pre-underwriting process focusing on review of historical performance, policy wordings, and pricing adequacy based upon predefined underwriting rules and/or guidelines.
  • Maintain documentation and files for all risks written and log business accurately on team workflows.
  • Accountable for completeness of contents of underwriting package prior to handover to Underwriter for risk analysis/risk selection process.
  • Liaise with the placing broker throughout the underwriting cycle and policy period to ensure receipt of all necessary documents and manage any credit control issues.
  • Become point of contact for underwriters on risk status and establish a thorough process to document the status of the individual policies from modelling through to wordings.

Skills & experience

  • Bachelor's Degree and progress towards ACII or other relevant commercial insurance industry designations
  • Basic knowledge of commercial insurance and regulatory requirements
  • Competency in MS Office applications: Word, Outlook, Excel and Adobe Standard required
  • Excellent written and oral communication skills
  • Strong interpersonal skills in order to work effectively and professionally with diverse groups