Deputy Class Undewriter - Energy

AXA UK; London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading insurance group in London seeks an Underwriter to join their Natural Resources team. The role involves underwriting Midstream business and developing relationships with brokers and clients. Candidates must have Lloyd's experience, analytical skills, and the ACII qualification. The company promotes diversity and offers flexible working arrangements.

Qualifications

• Experience in underwriting Midstream business.
• Ability to manage customer relationships and handle complaints.
• Strong analytical skills required.

Responsibilities

• Underwrite new and renewal risks according to authority.
• Review pricing models and validate outputs.
• Monitor risk exposures and assist in analyses.

Skills

Lloyd’s experience

Microsoft Office

Excel - Intermediate

Analytical

Flexible and adaptable

Excellent organisational skills

Team player

Effective communication skills

Education

ACII

Job description

Job Summary

Be an active / proactive member in the Natural Resources Underwriting team as part of the Energy Division, underwriting Midstream business and developing / maintaining business relationships with brokers and clients (as well as within Chaucer) to help the team deliver on their business plans.

Main Duties

• Review and underwrite new and renewal risks and associated endorsements in accordance with underwriting authority
• Utilise pricing models to generate risk assessments and premium calculations, review and validate model outputs to ensure accuracy in pricing recommendations, interpret pricing model results and make necessary adjustments. Assist in the development and enhancement of new pricing tools and methodologies.
• Monitor risk exposures and assist in PML analyses in conjunction with the modelling / aggregation team
• Monitor risks written and due for renewal.
• Prepare reports and statistical information as may be required
• Use and assist with the developments and enhancements of underwriting systems where such developments and enhancements are required, e.g.: new and / or enhanced benchmarking models, etc.
• Liaise with brokers and develop good working relationships with broking and support teams.
• Liaise with other business areas within Chaucer as required including claims, underwriting risk review, actuarial etc. As required
• Use market, industrial and other sources to enhance awareness of technical factors and developments relevant to portfolio underwriting and the oil & gas industry generally.
• Attend client or other market risk presentations and market body meetings as and when required

Regulatory Responsibilities

• Manage the relationships with Customers, Agents and Service Providers:
• Advise, assist and service customers on insurance and risk matters to promote customers’ satisfaction;
• Foster positive relationships with Customers and attain an understanding of their needs;
• Ensure that Customer Complaints are promptly identified, recorded and referred as appropriate; and,
• Ensure that the principles of providing good customer outcomes and the fair treatment of customers are upheld by Agents and Service Providers.
• Complete all required annual product review assessments to agreed timescales with approvals obtained and recorded
• Follow all Chaucer Group Product Governance processes in the UCM and obtain appropriate approvals

Skills and Competencies

• Lloyd’s experience
• Microsoft Office, Excel - Intermediate
• Analytical
• Flexible and adaptable
• Excellent organisational skills
• Team player
• Effective communication skills at all levels

Education

• ACII

ABOUT US

Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).

A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.

We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.