Assistant Underwriter - Avencia Consulting : Job Details

About us

Avencia consulting are partnered with a leading specialty insurer. The business underwrites a portfolio of specialty & bespoke European Insurance business including aviation & aerospace, energy, terrorism, marine, property, credit & political and mortgage insurances from their Dublin office.

The role

Reporting to the Senior Underwriter, the primary purpose of the role is to assist in underwriting a portfolio of Specialty & Bespoke business.

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.
• 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.
• Participate in the underwriting process including a daily underwriting call, assisting in the evaluation of submissions, analysing and interpreting exposures, determining coverage and contract language as well as evaluating and prioritising preparations.
• Assist and work with actuarial, risk modelling and pricing tools.
• Attend & travel to underwriting business meetings as required.
• Leverage, build and maintain brokers relationships.

• Provide assistance to prepare and issue quotes, binders and policies on an accurate and timely basis.
• Expand existing portfolio of business by developing existing relationships and new prospective clients through visits, entertainment and conferences as appropriate.
• Monitor market developments and keep up to date regarding knowledge of the wider marine market and global economy.

• Accountable for accuracy and completeness of data entry.

Skills & experience

• Bachelor's Degree or equivalent and progress towards ACII or other relevant commercial insurance industry designations.
• Minimum of 2 years' (re)insurance industry experience in either a broking or underwriting role.
• Previous London Insurance Market experience highly desirable.
• Good knowledge of commercial insurance and regulatory requirements.

• Excellent organisational and analytical skills with an ability to prioritise and effectively manage workload while maintaining a high level of accuracy and professionalism.

• Team player with the ability to work flexibly to meet business needs as required.
• Excellent written and oral communication skills with High proficiency in the Microsoft Office Suite.
• Strong interpersonal skills in order to work effectively and professionally with diverse groups.
• Must be able to self-lead effectively and work effectively both independently and in team environment.