Assistant Underwriter - Portfolio Solutions

Aegis London; Greater London; On-site; GBP 32,000 - 42,000; Full time

Job summary

AEGIS London is seeking an Assistant Underwriter to support and diversify the portfolio within a small, collaborative team. The role involves underwriting delegated authority and treaty business, with administrative duties including bordereaux management and risk oversight.

The candidate will work closely with Exposure Management, Credit Control, Actuarial, and Compliance functions, with opportunities to grow underwriting authority as experience develops.

Qualifications

• Experience in Lloyd's and/or London Market environment.
• Experience with delegated authority, binding authorities or lineslips would be advantageous.
• Exposure to reinsurance or portfolio-based underwriting products would be beneficial.

Responsibilities

• Underwrite delegated authority and treaty business within approved guidelines.
• Review and process submissions, renewals, endorsements and new business opportunities.
• Monitor delegated authority, reinsurance arrangements and related data queries.
• Liaise with internal teams (Exposure Management, Credit Control, Actuarial, Compliance, Operations, Claims).
• Provide portfolio monitoring, MI, and ad hoc analysis.
• Support client service to brokers and clients with travel as needed.
• Perform ad hoc duties and collaborate across AEGIS London team.

Skills

Underwriting

Lloyd's/London Market experience

Portfolio monitoring

Analytical skills

Communication skills

Multi-priority management

Team collaboration

ACII progression (advantageous)

Education

ACII qualification

Tools

MS Office

Excel

Underwriting systems

Job description

Time Type:

Full time

Working Pattern:

Onsite

Purpose of the Role

AEGIS London currently has an opportunity within the Portfolio Solutions team for an Assistant Underwriter to help service, build and diversify the portfolio alongside the existing team. The role will involve underwriting delegated authority and treaty business, while acting as a key liaison for administrative activities including EPI management, bordereaux queries and related operational processes. This is an opportunity to play a broad role across both underwriting and portfolio management within a small and collaborative team with increasing responsibility and underwriting authority as experience develops.

Duties and Accountabilities

• To underwrite business on behalf of the Syndicate in accordance with personal underwriting authority, underwriting procedures and class underwriting guidelines, achieving the business mix, premium income and loss ratio targets set out in the business plan.
• Review and process submissions, renewals, endorsements and new business opportunities in an accurate and timely manner.
• Monitor the performance of delegated authority and reinsurance arrangements, including binding authorities, lineslips, consortia and quota share treaties.
• Act as a key liaison with internal teams including Exposure Management, Credit Control, Actuarial, Wordings, Compliance, Delegated Authority, Operations, Claims, Data Science, and Risk Management.
• Support premium and exposure monitoring, bordereaux and delegated data queries, credit control and related operational processes.
• Support portfolio monitoring, management information, business planning, presentations and ad hoc analysis.
• Provide a high standard of service to brokers and clients. The role will be client facing and will involve travel where appropriate in the normal course of the business.
• To complete other ad hoc duties as directed.
• To work as part of a collaborative team within AEGIS London and ensure good working relationships are maintained with all stakeholders and colleagues.

Skills, Knowledge and Experience

The successful candidate will have:

• Experience within the Lloyd’s and/or London Market.
• Experience of delegated authority business, including binding authorities, lineslips or consortium arrangements, would be advantageous.
• Exposure to reinsurance, delegated authority or portfolio-based underwriting products would be beneficial.Knowledge of underwriting support functions, including Exposure Management, Credit Control, Delegated Authority, bordereaux management and underwriting operations, would be advantageous.
• Strong organisation, administration and planning skills with good attention to detail.
• Good communication skills with the ability to present well to both internal and external audiences.
• Demonstrable analytical skills with the ability to interpret underwriting, exposure and financial performance data.
• Commercial awareness and an interest in delegated authority and reinsurance markets.
• A proactive approach with the ability to manage multiple priorities in a fast-paced environment.
• Strong relationship-building skills and a desire to develop market-facing responsibilities.
• ACII qualification would be advantageous, or progress towards it.
• Good IT skills including MS Office applications with a particular focus on Excel and good ability to learn new systems.
• The ability to work as part of a team and build relationships with both internal and external stakeholders.

AEGIS Values

Fairness and respect

We make decisions considering the best interests of key stakeholders. We are direct and straightforward in our actions, working collaboratively to create a culture of fairness and respect.

Open and inclusive

We act with integrity, valuing diversity of thought and background. We take time to listen to the needs of our customers, stakeholders and colleagues working together to seek and share information.

Ambitious

We have a passion for success, aspiring to be recognised as best in class. We embrace new opportunities, encouraging innovation in pursuit of our goals.

Striving to be better

We strive to improve at all times, challenging complacency, being agile and adapting to change. We always seek to improve our customers’ experience with us.

Investing in people’s potential

We provide an environment where each employee can reach their personal potential. We encourage personal accountability for performance and individual ownership for growth and success.

AEGIS London is an equal opportunities employer and recognises the value of a diverse workforce in facilitating better decision making and business growth. We encourage a variety of differing views, perspectives and insights to create a collaborative working environment. Diversity and Inclusion are fundamental to our business and we encourage applications from all backgrounds recognising the diversity of society and our customers.

It’s important to us that you are able to perform at your best when applying for a role with AEGIS London. If there are any adjustments we can reasonably make to ensure that the process is accessible for you please telephone us on [phone]or email [e-mail]

As a business, we understand individual circumstances may differ and aim to be adaptable and to support flexible working practices. Talk to our recruitment team to understand how AEGIS London can help support you in reaching your full potential