Energy Assistant Underwriter

About us

Avencia Consulting are partnered with a leading Specialty Reinsurer based in the City, who are looking to hire an Energy Assistant Underwriter to join.

The role

This is a great opportunity for those who wants to look to build a career in Energy Transition Industry. We are seeking underwriting professionals currently working in Energy (any lines) or property with a passion for Renewables and Energy Transition.

Reporting to the Head of Upstream Energy, the primary purpose of the role is to assist in underwriting a portfolio of Upstream Energy and Transition business.

Key accountabilities

• 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 risk modeling and pricing tools.
• Attend underwriting business meetings as required.
• Leverage, build and maintain brokers relationships
• Work closely with other group departments to obtain and provide information as required.
• Monitor market developments and remain current regarding knowledge of renewables.
• Ensure accuracy and integrity of underwriting data in group underwriting systems.
• Maintain and adhere to group underwriting procedures, controls and systems under remit and report any trigger/alert factors that have the potential to negatively impact the reputation or financial position of the firm.
• Monitor and follow up on payments for outstanding premiums.
• 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.
• Ensure compliance with internal and external underwriting regulations, liaising as appropriate with external bodies such as brokers, clients, auditors and regulators as required.

Skills & experience

• We are looking for an open minded, trust worth and enthusiastic team player.
• University degree or an equivalent insurance related qualification (i.e. ACII, CPCU).
• Minimum of 2-3 years'' (re)insurance industry experience in either a broking or underwriting capacity
• Knowledge of Upstream policy forms
• Willingness to learn new skills and have an ability to develop deeper understanding of complex program structures.
• Knowledge of actuarial modeling techniques and familiarity AIR pricing tools will be an advantage
• Strong negotiation skills and proven ability to effectively communicate financial data and information
• Excellent organisational and analytical skills with an ability to prioritise and effectively manage workload while maintaining a high level of accuracy, professionalism and confidentiality
• High proficiency in the Microsoft Office Suite of applications, as well as extensive computer experience with spreadsheets and database processing programs
• Team player with the ability to work flexibly to meet business needs, including extended weekday and weekend hours and business travel where required.