Underwriter - Business & Community - London, United Kingdom - Aspen Insurance Holdings

Aspen Insurance Holdings

Verified Company

London, United Kingdom

4 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Reference:
ASPUK01097

,

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:

To underwrite business in accordance with the business plan and within delegated underwriting authority with the purpose of underwriting a profitable account on behalf of Aspen in the UK and Aspen Values demonstrated in the delivery and performance

Key accountabilities:

Contribute to the achievement of the UKP&C business plan
Develop and implement new business opportunities in line with business plan
Review, negotiate, accept or decline risks on behalf of the company
Develop and modify Policy Wordings, Clauses and Exclusions as circumstances require
To be involved in the purchase of facultative reinsurance, where required
Ensure all business is thoroughly evaluated and that risks written adhere to the company's underwriting guidelines and individual authority limits
To effectively and accurately use Aspen's systems for data input, interrogation of data, report generation etc.
To effectively and accurately use rating models to assess risk and price insurance contracts
Prepare/contribute (where necessary) to monthly, quarterly and ad hoc management information
Develop relationships with brokers and clients, including overseas visits and travel where necessary, and providing an efficient service to them
Support market associations and trade bodies
Undertake mentoring and development of less experienced members of the team and support colleagues and contribute to the delivery and achievement of the teams overall vision and objectives
Where applicable ensure company, market and client related documentation is issued (internally and externally) accurately and on time

Additional duties:

To act in accordance with and be an advocate of the Aspen Principles & Values
You must act with integrity, due skill, care and diligence
You must be open and cooperative with the FCA, the PRA and other regulators
You must pay due regards to the interests of customers and treat them fairly
You must observe proper standards of market conduct
Participate and undertake applicable professional, technical and career development training (delivered internally and externally) to include attainment of associated qualifications where required
Comply with external and internal regulatory and statutory policies, procedures and regulations
Liaise with key business groups to establish, support and maintain solid business relationships and organisational effectiveness

Skills & experience:

Knowledge And Experience

Significant knowledge of relevant market conditions for specific class
Good understanding of class specific underwriting
Strong knowledge of underwriting process and procedures
Good working knowledge of relevant underwriting systems
Strong knowledge of legal and regulatory requirements (specific reference to PRA, FCA and Lloyds regulations)
Specific professional qualification (CII) (preferable)
Substantial experience gained within the insurance industry and within a specialised/complex underwriting area
Strong/established customer/broker relationships

Other:

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