Senior Underwriter - Power Generation

Location
London
Salary
Negotiable
Posted
11 Sep 2020
Closes
25 Sep 2020
Ref
ASPUK00386
Contact
Elizabeth Charlesworth
Job Function
Underwriting
Contract Type
Permanent

The role

To underwrite Power Generation business in accordance with the department's business plans and guidelines in order to achieve an underwriting profit.

Key accountabilities

  • To assist the Head of International Power Generation in:
  • Maintaining a profitable portfolio
  • Developing the Power Generation portfolio with the appropriate balance in terms of geography, segmentation, limit profiles, and accumulations
  • To assist the Head of International Power Generation in the development of monthly, quarterly, and annual reporting
  • To be aware of and to comply with the FCA Principles for Business and, if applicable, the FCA Statements of Principle and Code of Practice for Approved Persons
  • To develop new business in line with the divisional business plan
  • To underwrite individual accounts in accordance with corporate guidelines and protocols
  • To maintain/enhance the Energy brand through marketing, as well as attendance and participation at industry conferences
  • To provide an efficient service to clients and brokers using risk based solutions developed through integrated underwriting and claims processes
  • Responsible for monitoring of all claims relating to business personally underwritten and assist in the coordination and communication with Claims Department
  • Assist with developing and modifying Policy Wordings, Clauses and Exclusions as circumstances require
  • Adhere to all relevant Lloyd's guidelines and practices

Skills & experience

  • Ideally ACII qualified with substantial, sector-specific underwriting experience
  • 10+ years' experience in the Energy insurance industry with an emphasis on Power Generation underwriting
  • Bachelor degree strongly preferred
  • Continuing education and coursework relevant to the insurance industry highly desirable
  • Strong of knowledge of:
    • Energy aggregate recording, monitoring, and reporting (including tools used to perform these duties)
    • Energy underwriting including technical knowhow, rate development, and policy wordings
    • The Heavy Industries industry including market dynamics
    • Broking houses and the main account handlers and placing brokers in the London market (overseas knowledge a plus)
  • Good interpersonal and negotiation skills
  • A high degree of competency in Mathematics
  • Must have good oral and written communication skills
  • Good IT skills as appropriate
  • Adaptable to change in a fluid commercial environment
  • Comfortable working in a team environment
  • Willing to use own initiative within authorised parameters
  • Able to travel abroad when required

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