Assistant Underwriter - Portfolio Solutions

AEGIS Managing Agency Limited; Greater London; On-site; GBP 28,000 - 40,000; Full time

Job summary

AEGIS London seeks an Assistant Underwriter to support the Portfolio Solutions team in London. This full-time onsite role involves underwriting, submissions review, and client-facing duties.

You will monitor delegated authority and reinsurance, work with internal teams, and provide quality service to brokers and clients. ACII is advantageous and Excel skills are valued.

Qualifications

• Experience within the Lloyd’s and/or London Market.
• Experience of delegated authority (binding authorities, lineslips or consortiums).
• Exposure to reinsurance or delegated authority products.
• Knowledge of underwriting support functions (Exposure Management, Credit Control, Delegated Authority, bordereaux).
• Strong organisation, administration and planning with attention to detail.
• Good communication for internal/external audiences.
• Analytical skills to interpret underwriting, exposure and financial data.
• Commercial awareness and interest in delegated authority markets.
• Proactive with multi-priority handling in a fast-paced environment.
• Relationship-building and market-facing interest.
• ACII accreditation is advantageous or in progress.
• Strong IT skills incl. MS Office and Excel.

Responsibilities

• Underwrite business on behalf of the Syndicate with personal underwriting authority.
• Review and process submissions, renewals, endorsements and new business.
• Monitor delegated authority and reinsurance arrangements (binding authorities, lineslips, consortia).
• Liaise with Exposure Management, Credit Control, Actuarial, Compliance, Operations and Risk teams.
• Support premium and exposure monitoring, bordereaux and data queries.
• Support portfolio monitoring, MI, business planning and ad hoc analysis.
• Provide high standard of service to brokers and clients.
• Role is client-facing and may involve travel as needed.
• Perform other ad hoc duties and collaborate with colleagues.

Skills

London Market experience

Delegated authority

Reinsurance exposure

Underwriting operations

Analytical skills

Communication skills

Attention to detail

Proactive attitude

Relationship-building

Team player

Education

ACII (advantageous)

Tools

MS Office

Excel

Bordereaux management

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.

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.

Equal Opportunities and Diversity

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].

AEGIS London writes a diversified book of business through Syndicate 1225 at Lloyd’s where, year after year, we’re ranked in the top quartile for performance. In an increasingly complex and volatile world, brokers and clients are looking for risk transfer partners who are accessible, resourceful and there for the long haul. At AEGIS London, our structure and our mindset mean that our resources are an excellent match for your risks. We’re here to find solutions: Our underwriters are available and empowered to try their very hardest to find a way to say yes.