Underwriter - London, United Kingdom - Aspen Insurance Holdings

Aspen Insurance Holdings

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Reference:
ASPUK01112

,

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 with the purpose of underwriting a profitable account on behalf of Aspen in the UK.

Key accountabilities:

Strategy and Planning

Awareness of and contribution to the delivery of the business plan, making decisions as appropriate
Contribute and participate in meetings, in order to share and develop strategy, knowledge and best practice
Positively promote the department, division and company as a whole, in order to maximize brand leverage

Policy, Process and Procedures

Perform underwriting activities in accordance with all legal and regulatory requirements to ensure obligations are met
Adhere to underwriting standards, instructions and good practice to minimize risk and maximize efficiency
Ensure the recording and measurement of insurance risks, to ensure accuracy and good practice, developing or modifying policy wordings as appropriate

Environmental Awareness/Customer Focus
- >Establish, develop and strengthen relationships with stakeholders including customers, brokers, business partners and colleagues, to maximize influence and achieve business objectives

Demonstrate understanding and awareness of market dynamics and market cycle to drive and enhance business performance

Technical Performance
- t-family: calibri, sans-serif;">Continually develop expertise and technical knowledge through identifying and implementing appropriate learning and development activities
- n >Underwriting insurance risks in accordance with the business plan to meet business objectives. This includes negotiating rates, terms and conditions for existing and new business (developing or modifying policy wordings as appropriate), ensuring compliance with internal and external regulations and guidelines, ensuring contribution to the business plan and objectives, and support credit control in payment collection

Skills & experience:

Extensive knowledge of relevant market conditions for specific class/portfolio
Thorough knowledge of underwriting strategy and how this translates into targets and delivery
Strong understanding of the reinsurance strategy affecting portfolio
Good knowledge of relevant underwriting systems
Strong knowledge of legal and regulatory requirements (specific reference to PRA, FCA, and Lloyds regulations)
Strong knowledge of underwriting process and procedures
Experience of working in an underwriting environment within a specialised/complex underwriting area
Specific professional qualifications (CII)
Experienced in the use of risk profiling and pricing tools
Strong established customer/broker relationships

Other:

We're committed to making Aspen a great place to work, where you're rewarded and recognised for your efforts. As well as your pay and discretionary performance related bonus, you'll also enjoy a huge range of benefits.

There are plenty of options available with our exciting benefits package, designed for your health, your family and to help ensure that you enjoy the most from your lifestyle.

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