Assistant Underwriter - London, United Kingdom - Hiscox

Hiscox

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Job Type:
Permanent

Build a brilliant future with Hiscox

About us:

As an international specialist insurer we are far removed from the world of mass insurance products, selectively focusing on key areas of expertise and strength, all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way.

Defined by our strong moral fibre we prioritise above all else the principle of doing what we say we will.

Insuring the unique and interesting, our search for talent is the same. We empower our people to think creatively, challenge the status quo and approach things with a solutions focused lens.

This results in us being able to provide the type of insurance solutions which are often too complex for other insurance companies, we find a way where others give up.

If you thrive in a challenging and collaborative environment where you are trusted to work instinctively and know the company will stretch you to your full potential look no further.

Business area:
Hiscox London Market is a leading insurer of global risks. Rather than ask 'why?' when challenged with a risk, we'd prefer to say 'why not?'

We are one of the largest and oldest Lloyd's syndicates.

Known for our long-term leadership in the market, our blend of underwriting expertise and meaningful capacity makes us an ideal partner for our clients, whatever the size and complexity of their risk.

With winning attitude, adaptability and passion; our people aim to always outperform.

The role:

The primary focus of the Energy Assistant Underwriter is to provide pre-underwriting and technical analytics support to the Energy underwriting team (currently three underwriters).

The preparation of risks in readiness for underwriting is needed, including correctly organising submission flow, preparing rating sheets and pre-reading engineering reports.

Also, essential to the role is liaison with brokers and aiding with the processing of any facultative reinsurance purchases and treaty renewals.

Whilst being part of the underwriting team, the Energy Assistant Underwriter will work alongside the Operations, Exposure Management and Pricing teams to develop the necessary in-depth knowledge that is required as an Underwriter.

Overall book analysis, preparation of statistics and various other analytical tasks and skills will also be required.

The aim is that the responsibilities of this role will evolve into gaining full underwriting authority over time and of working in a tight unit of four Energy underwriters.

Primary Responsibilities

Energy Assistant Underwriter will fulfil the following:_
To carry out risk assessment with technical tasks requiring various analytical skills.
Learning and developing underwriter judgement including review of wordings and use of various modelling systems.
Act as the first point of contact for the operations team to ensure that appropriate documentation is present and the internal underwriting system remains accurate
Support underwriting of new and renewal accounts by providing a technical opinion for underwriters through assessment of surveys and underwriting information
Liaise with stakeholders including brokers, reinsurance brokers and colleagues to ensure a high level of service for clients. Prioritise high levels of services for both internal and external stakeholders
Check and challenge team output to ensure it meets expectations
Manage the Energy pipeline renewal process
Help to manage and to preunderwrite the broker facilities written within the Energy team
Develop and build strong relationships with our key business partners such as brokers and marine warranty surveyors
Work with internal stakeholders to complete adhoc tasks such as compiling reinsurance information
Work closely with the pricing actuaries, operational support, claims and exposure management teams to ensure achievement of shared goals

Person Specification

The Assistant Underwriter will need to demonstrate and build on the following skills:_

Business Technical:_

Understand the roles and needs of the Underwriters within your team as well as the state of the market in order to help tailor the team's service delivery accordingly.
Build key knowledge of all core systems, processes and regulatory procedures.
Build an awareness of the commercial considerations impacting underwriting support in order to evaluate and identify opportunities to reduce the Combined Ratio.

Behavioural:_

An organised individual who can manage their time effectively
Build strong working relationships with all team members
Be a driven individual who demonstrates interest and enthusiasm to learn within the role
Build strong working relationships with key internal and external London Market contacts to increase visibility and profile. It is essential to be a great communicator, someone who is a team player and who can work with people at all levels, demonstrating natural interpersonal skills
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