Contingency Underwriter

Avencia Consulting Services; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading specialty insurer based in London is seeking a Contingency Underwriter to join their high-performing team. The candidate will assist in underwriting and managing a portfolio of (re)insurance business, establish broker relationships, and ensure compliance with underwriting regulations. An ideal applicant should possess a Bachelor's degree in Finance or Mathematics, along with at least 3 years of experience in broking or underwriting. This role offers a fantastic opportunity for growth within the organization.

Qualifications

• Minimum of 3 years' experience in a broking or underwriting capacity.
• Established networks with brokers and clients.
• Ability to independently manage meetings.

Responsibilities

• Participate in the underwriting process and evaluate submissions.
• Monitor market developments and stay current with regulations.
• Supervise and mentor junior team members.

Skills

Analytical skills

Negotiation

Relationship management

Education

Bachelor's degree in Finance or Mathematics

Job description

About us

Avencia Consulting are recruiting on behalf of a leading specialty Insurer based in the City, who are looking for a Contingency Underwriter to join their London team!

This is an excellent opportunity to join a high performing Contingency team with further growth plans in 2026.

The role

The primary purpose of the role is to assist in originating, modelling, administering and underwriting a portfolio of (re)insurance business. This includes analysing and maintaining the accuracy of all (re)insurance submission data, policies, and records with the ultimate goal of ensuring that business interests are properly managed and protected.

Key accountabilities

• Participate in the underwriting process, evaluation and presentation of submissions, analysing and interpreting exposures, determining coverage and contract language
• Assist and work with risk modeling and pricing tools
• Originate, leverage, build and maintain broker and client relationships
• Monitor market developments and remain current regarding knowledge of all relevant classes of business, and legislated and regulatory changes / requirements
• Ensure accuracy and integrity of underwriting data in group underwriting systems
• Prepare and issue quotes on an accurate and timely basis
• Supervising and/or mentoring junior members of the team
• Ensure compliance with internal and external underwriting regulations, liaising as appropriate with external bodies such as brokers, clients, auditors and regulators as required
• Assist with strategic initiatives as needed to promote business growth

Skills & experience

• Bachelor's degree, preferably in Finance or Mathematics
• Minimum of 3 years' experience in a broking or underwriting capacity in the relevant line of business
• Established networks and strong existing relationships with brokers and clients, and ability to independently manage meetings
• Proficient understanding of the International underwriting marketplace
• Excellent analytical skills (testing may be required), with a working knowledge of and ability to interpret the outputs of pricing models, and the statistical skills necessary to perform analyses on first principles
• Proven negotiator, with demonstrated ability to attract new business and retain clients