Assistant Underwriter

QBE; London; Hybrid; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking an experienced Reinsurance Assistant Underwriter to join their dynamic Casualty team in London. This role offers a unique opportunity to work in a supportive, hybrid environment while contributing to a diverse portfolio that includes Motor, Cyber, and Financial Institutions. The successful candidate will engage in underwriting activities, negotiate rates, and ensure compliance with regulations. With a focus on career progression, this position is perfect for those looking to enhance their skills and make a significant impact in the reinsurance sector.

Benefits

30 days holiday a year

Flexible working options

10% employer pension contributions

Private medical insurance

Family-friendly policies

Short term remote work abroad

Cycle-to-Work scheme

Qualifications

• Experience in an Assistant Underwriter role with ambition to progress.
• Strong numeracy and data analysis skills.
• Good technical knowledge across Microsoft Office.

Responsibilities

• Underwrite reinsurance risks in accordance with business objectives.
• Establish and maintain relationships with stakeholders.
• Participate in meetings to support strategy development.

Skills

Analytical Thinking

Communication

Insurance Underwriting

Stakeholder Management

Reinsurance

Risk Management

Regulatory Compliance

Portfolio Management

Customer Service

Critical Thinking

Education

Relevant degree or equivalent experience

Tools

Microsoft Excel

Collaboration Tools

Job description

Primary Details

Time Type: Full timeWorker Type: Employee

Assistant Underwriter Casualty – Reinsurance

(London/Hybrid)

The Opportunity:

We have a great opportunity for an experienced Reinsurance Assistant Underwriter to join our talented Casualty team at QBE Re in London. This is an exciting opportunity for an existing Assistant Underwriter looking for progression opportunities to support the growth of this diverse portfolio which includes Motor, Professional Indemnity, Financial Institutions, Cyber and International General Liability.

With hybrid working and excellent benefits you will be working alongside a highly regarded team in a supportive and inclusive environment. We are looking for a re-insurance professional who is looking to further their career.

Your new role:

• Underwrite reinsurance risks in accordance with the business plan and delegated underwriting authority to meet business objectives, referring as required, including:
• costing and negotiating rates, terms and conditions for existing and new business
• ensuring compliance with internal and external regulations and guidelines
• contributing to the business plan and objectives
• Perform underwriting activities in accordance with all legal and regulatory requirements to ensure obligations are met
• Establish and maintain relationships with stakeholders including cedents, brokers, business partners and colleagues
• Support the review and analysis of the portfolio to identify progress towards business objectives
• Participate in meetings, as required, to support the development of strategy, share knowledge and best practice
• Support the RDS and Aggregate exposure monitoring processes

About you:

• Previous experience in an Assistant Underwriter role is required with the ambition to progress.
• Strong numeracy and data analysis skills with the ability to identify, manipulate and analysis existing data
• Good technical knowledge across Microsoft office, specifically Excel with a high level of comfort working with large data-sets, pivot tables and v-look-ups
• Excellent communication skills with the ability to build rapport and manage external stakeholder relationships
• Flexible approach and ability to recognise and adapt to changing business requirements

At My Best - QBE Benefits

You are more than your work – and QBE is more than a workplace, which is why we provide you with the benefits, support and flexibility to help you concentrate on living your best life personally and professionally. FOR UK ONLY: As well as the benefits below we also offer an extensive choice of other options to suit you!

• 30 days holiday a year with the option to buy up to 2 additional days.
• Flexible working - balancing work and life is important so our flexible working opportunities are open to all, this can include part-time, job share and compressed hours.
• Pension – you are automatically enrolled into the QBE pension plan, which entitles you to receive employer contributions of 10% of your basic salary.
• Private medical insurance – we fund fully comprehensive private medical cover for you and all the family.
• Family friendly policies – we offer 26 weeks leave at full pay regardless of gender identity, sexual orientation or how you become a parent.
• Short term remote work abroad - you can request up to 20 days per year to work remotely from certain locations abroad.
• Sustainable investing - we believe sustainable integration is important for long term financial, environmental, and social outcomes. Our pension strategy supports our net-zero goal to achieve year-on-year reductions in carbon footprint, by investing more in green businesses than the broader market, so your savings are looking after the planet's future, as well as your own.
• Cycle-to-Work – benefit from regular exercise whilst making your commute greener and cheaper, select and bike and/or accessories up to the value of £5,000.

To find out more visit our Reward Page

QBE Awards

Some of the award’s QBE are proud to have won, been a finalist for, and shortlisted for include;

AXCO Global Insurance Awards 2024 Winner: Network Management of the Year

Insurance Business UK 5-Star Cyber Awards 2024: QBE rated as a 5-Star Cyber Insurer

UK IT Industry Awards 2023 Winner: Green Technology Innovation of the Year

Working Dads Employer Awards 2023 Winner: Parental Policies Award

Insurance Post British Insurance Awards 2023: QBE rated as a 5-Star Employee

You can view all our awards here

Inclusion of Diversity

We are striving to create a workplace culture where all our people feel included, and we are committed to building a diverse workforce that is reflective of the communities we operate in. We are proud to have partnerships with organisations such as Stonewall and Working Families, and our commitment to the Women in Finance Charter, the UN Women’s Empowerment Principles and Race at Work charter helps keep us accountable and transparent. For more information on our strategy targets please take a look at our Careers Page

Accessibility

Here at QBE, we are promoting an accessible workplace for all, which includes supporting candidates to perform at their best during their recruitment process. If you require any accommodations, please make your Talent Acquisition contact aware.

ESG & Sustainability

At QBE, we believe that integrating sustainability into our business helps us deliver on our purpose of enabling a more resilient future. Our three key focus areas include fostering an orderly and inclusive transition to a net-zero economy, enabling a sustainable and resilient workforce, and partnering for growth through innovative, sustainable, and impactful solutions. For further information regarding QBE’s sustainability targets, including our net-zero pledges and inclusion of diversity targets, and our award-winning impact investment initiative ‘Premiums4Good’, please visit our Sustainability homepage and read our latest Sustainability Report

What next?

If you have a passion to contribute to QBE’s vision of enabling a more resilient future for our customers and the community, we encourage you to apply! Simply click the “apply” button to submit your CV and other relevant documents, and a member of our friendly Talent Acquisition team will be in contact to discuss your interest further if you meet the requirements of the role.

We believe this is our moment – what if it was yours too?

APPLY NOW and let’s make it happen!

Skills:

Analytical Thinking, Collaboration Tools, Communication, Critical Thinking, Customer Service, Decision Making, Insurance Underwriting, Intentional collaboration, Managing performance, Portfolio Management, Process Management, Regulatory Compliance, Reinsurance, Risk Management, Stakeholder Management

How to Apply:

To submit your application, click "Apply" and follow the step by step process.

Equal Employment Opportunity:

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.