Assistant Underwriter | Credit & Political Risk

Location
London
Salary
Negotiable
Posted
01 Jun 2021
Closes
01 Jul 2021
Ref
ASPUK00525
Contact
Sophie Price
Job Function
Underwriting
Contract Type
Permanent

The role

To underwrite business in accordance with the department's business plans and guidelines, helping the department to achieve profitable growth.

Key accountabilities

  • Be aware of and to comply with the FSA Principles for Business and, if applicable, the FSA Statements of Principle for Approved Persons.
  • Review, negotiate, accept or decline risks on behalf of the company.
  • Ensure all business is thoroughly evaluated and rated, and that risks written adhere to the company's underwriting standards and individual authority limits.
  • Develop relationships with brokers and clients including overseas visits and travel, where necessary.
  • Support the team leader in developing new business in line with the annual divisional underwriting business plan.
  • Enter risk details accurately onto Aggregate Exposure Sheet) and to check 3rd party data entry of policies and endorsements.
  • Assist with developing and modifying Policy Wordings, Clauses and Exclusions as circumstances require and as directed by the team leader.
  • Support and represent the company on market associations and trade bodies.
  • Adhere to all relevant Lloyd's guidelines and practices.

Skills & experience

  • Educated to degree level or equivalent standard
  • Completion/progression towards ACII qualification
  • Relevant work experience within the insurance industry, ideally within this specific sector
  • Able to speak and write clearly.
  • Confident and fluent in negotiation and deal making.
  • Presentation skills appropriate for a professional setting.
  • Comfortable with technology.
  • Adaptable to change in a fluid commercial environment.
  • Comfortable working in a team environment.
  • Familiar with the Credit & Political Risk market.
  • Willing to use own initiative within authorised parameters.
  • Able to travel abroad when required.
  • Socially confident and hospitable.

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