Assistant Underwriter - Conventional Power & Renewable Energy

MS Amlin Ltd; London; On-site; GBP 35,000 - 65,000; Full time

Job summary

An established industry player is seeking an experienced Assistant Underwriter to join their Conventional Power & Renewable Energy team. This role offers a unique opportunity to make sound underwriting decisions while contributing to the operational strategy. You will analyze risks, support client relationships, and collaborate with senior underwriters to develop pricing models. With a focus on professional development and a supportive work environment, this position is perfect for those looking to advance their career in underwriting while being part of a dynamic team. Join us in shaping the future of insurance in a thriving market!

Benefits

Competitive Base Salary

Performance Related Discretionary Bonus

28 days core annual leave

Pension contributions

Private Medical cover

Flex Fund

Life Assurance

Enhanced Parental Leave

Continuous Learning Approach

Employer Supported Volunteering

Qualifications

• Relevant underwriting experience in Conventional Power and/or Renewable Underwriting.
• Strong problem-solving skills and excellent communication abilities.

Responsibilities

• Analyze and write risks, ensuring profitable long-term decisions.
• Develop and maintain strong client and broker relationships.
• Collaborate with senior underwriters for accurate risk assessments.

Skills

Underwriting experience

Relationship management

Problem-solving skills

Communication skills

Financial acumen

Organizational skills

Education

Diploma in CII

ACII (working towards)

Tools

Excel

Job description

Role: Assistant Underwriter - Conventional Power & Renewable Energy

Location: London

Position type: Full time, permanent (minimum 4 days a week in the London office)

We are seeking an experienced Assistant Underwriter to join our Conventional Power & Renewable Energy team at MS Amlin. As a key member of the underwriting team, you will play a crucial role in making sound underwriting decisions and contributing to the operational delivery of our strategy.

You will be part of the Conventional Power & Renewable Energy team within the Natural Resources division. We write a global portfolio of risks, of varying technology, complexity and size.

The role would also provide a solid foundation and opportunity to develop a career in Underwriting.

About The Job

What you'll spend your time doing:

1. Responsible for analysing and writing risks in accordance with the agreed parameters - making sound, profitable long term decisions with a focus on smart rationale underwriting.
2. Support quotes, underwriting and service of allocated accounts and operate within agreed authority parameters.
3. Ensure risks are analysed and written in accordance with the agreed parameters - making sound, profitable long term decisions with a focus on smart rationale underwriting.
4. Develop and maintain strong client and broker relationships, demonstrating a deep understanding of their needs and the market.
5. Assist in arranging and attending client meetings to build strong relationships and drive business growth.
6. Represent MS Amlin at corporate and networking events, upholding our values and behaviours.
7. Track and report developments affecting the business of the class and raise as appropriate, to the Senior Underwriters or Underwriting Management.
8. Collaborate with senior underwriters to develop pricing models and ensure accurate risk assessments.
9. Liaise with the claims team to keep up-to-date with claims situations and ensure timely resolution.
10. Manage queries professionally and efficiently, ensuring excellent customer service.
11. Monitor premium payments and liaise with brokers and CRT as necessary.
12. Accuracy checking & write up notes as part of UW sign-off.
13. Liaise and ensure regional compliance with underwriting management, taking corrective action where necessary and operating within agreed authorities, ensuring that underwriting controls are properly managed.

What you'll need

1. Must have relevant underwriting experience in Conventional Power and/or Renewable Underwriting or claims, looking to progress to full Underwriting authority within a short timeframe.
2. Established relationships with brokers and strong knowledge of the conventional power and/or renewable energy market.
3. Strong problem-solving skills, with the ability to question the status quo and create solutions.
4. Diploma in CII and working towards completion of ACII.
5. Excellent communication and negotiation skills.
6. Sound financial and commercial acumen.
7. Strong Excel and numeracy skills.
8. Self-motivation & strong organisational skills.

What you can expect from us:

1. Competitive Base Salary
2. Performance Related Discretionary Bonus
3. Holiday: 28 days core annual leave, and you can buy up to 5 days.
4. Pension: A minimum 2% employee contribution plus 7% MS Amlin contribution (9%) up to a maximum of 5% employee contribution plus 13% MS Amlin contribution (18%).
5. Private Medical: cover for yourself. Family members/dependants can be added.
6. Flex Fund: £1,000 (pro-rated based on start date) to spend on flexible benefits.
7. Life Assurance: 5 x annualised base salary.
8. Enhanced Parental Leave (maternity and paternity): 6 months full pay, entitled from day 1.
9. Continuous Learning Approach: Including study support with professional qualifications.
10. Employer Supported Volunteering: 3 days volunteering leave.
11. Annual health screening
12. Give as you earn
13. Cycle to work
14. Season ticket loan
15. Green car scheme
16. Retail discount platform

About MS Amlin

MS Amlin is a group of leading global (re)insurance companies, and we are part of the global top-10 non-life insurance group MS&AD. We operate through four legal entities operating in the Lloyd's, Continental European, US and Bermudian global (re)insurance markets.

This role is in our Lloyd's business.

Our Lloyd's business writes a diverse (re)insurance portfolio and specialises in providing insurance coverage to commercial businesses and offering reinsurance protection to other insurance companies around the world. We operate from our offices in the heart of London's (re)insurance district and from our market hubs in Asia and the Middle East. We work in partnership with our brokers and clients to provide proactive risk solutions and support across a broad range of trades and industries. We operate through our Lloyd's Syndicate 2001, and we can trace our roots in the insurance market, back over 100 years.