Assistant Underwriter - Cross Class

About us

Avencia Consulting are currently recruiting on behalf of a leading Specialty & Bespoke Insurer who are looking to hire an Assistant Underwriter to join their Dublin team.

The Company currently writes lines of business including; specialty insurance: aviation & aerospace, energy, marine, property, terror & political violence, contingency and other specialty lines; reinsurance: property reinsurance, property retrocession, specialty reinsurance, whole account/multi-class and bespoke.

The role

Reporting to the Senior Underwriter, the primary purpose of the role is to assist in underwriting a portfolio of Specialty & Bespoke business. Experience in some London market Specialist lines including but not limited to Marine, Aviation, Property D&F and Delegated Underwriting is desirable but not essential.

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 3 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.